Leases

3 Months Ended

Sep. 30, 2023

Leases [Abstract]

Leases

LEASESThe Company has operating lease obligations primarily for our delivery centers and finance lease obligations primarily for vehicles and other equipment. Leases typically have initial terms of two to thirteen years, and may include renewal options if the Company is reasonably certain to exercise such options.

The components of lease cost are as follows:

	Three months ended September 30,
($000s)	2023		2022
Operating lease cost:
Operating lease cost	$	4,886	$	5,284
Variable lease cost	781		1,055
Total operating lease cost	$	5,667	$	6,339
Finance lease cost:
Amortization of right of use assets	$	100	$	80
Interest on lease liabilities	43		19
Total finance lease cost	$	143	$	99

The following table presents supplemental balance sheet information related to leases:

	September 30,		June 30,
($000s)	2023		2023
Operating lease assets	$	67,146	$	70,919
Operating lease liabilities, current	13,014		13,036
Operating lease liabilities, non-current	61,058		64,854
Total operating lease liabilities	$	74,072	$	77,890
Finance lease assets, net	$	934	$	929
Finance lease liabilities, current	396		361
Finance lease liabilities, non-current	581		600
Total finance lease liabilities	$	977	$	961

The following table presents supplemental cash flow information related to leases:

	Three months ended September 30,
($000s)	2023		2022
Cash paid for amounts included in the measurement of lease liabilities	$	3,184	$	3,464
Operating cash flows paid for interest portion of finance leases	$	43	$	19
Financing cash flows paid for principal portion of finance leases	$	88	$	80

The following table presents supplemental noncash information related to leases:

	Three months ended September 30,
($000s)	2023		2022
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	49	$	370
Finance leases	$	110	$	76

	September 30,		June 30,
	2023		2023
Weighted average remaining lease term (in years)
Operating leases	5.5		5.7
Finance leases	2.4		2.6
Weighted average discount rate
Operating leases	9.3	%	9.2	%
Finance leases	19.0	%	13.4	%

The following table presents the maturities of our lease liabilities as of September 30, 2023:

($000s)	Operating Leases		Finance Leases
2024-remainder of year	$	14,148	$	408
2025	17,243		480
2026	15,822		270
2027	15,578		41
2028	12,700		—
Thereafter	19,485		—
Total undiscounted lease payments	94,976		1,199
Less: liability accretion	(20,904)		(222)
Total lease liabilities	$	74,072	$	977

Leases

LEASESThe Company has operating lease obligations primarily for our delivery centers and finance lease obligations primarily for vehicles and other equipment. Leases typically have initial terms of two to thirteen years, and may include renewal options if the Company is reasonably certain to exercise such options.

The components of lease cost are as follows:

	Three months ended September 30,
($000s)	2023		2022
Operating lease cost:
Operating lease cost	$	4,886	$	5,284
Variable lease cost	781		1,055
Total operating lease cost	$	5,667	$	6,339
Finance lease cost:
Amortization of right of use assets	$	100	$	80
Interest on lease liabilities	43		19
Total finance lease cost	$	143	$	99

The following table presents supplemental balance sheet information related to leases:

	September 30,		June 30,
($000s)	2023		2023
Operating lease assets	$	67,146	$	70,919
Operating lease liabilities, current	13,014		13,036
Operating lease liabilities, non-current	61,058		64,854
Total operating lease liabilities	$	74,072	$	77,890
Finance lease assets, net	$	934	$	929
Finance lease liabilities, current	396		361
Finance lease liabilities, non-current	581		600
Total finance lease liabilities	$	977	$	961

The following table presents supplemental cash flow information related to leases:

	Three months ended September 30,
($000s)	2023		2022
Cash paid for amounts included in the measurement of lease liabilities	$	3,184	$	3,464
Operating cash flows paid for interest portion of finance leases	$	43	$	19
Financing cash flows paid for principal portion of finance leases	$	88	$	80

The following table presents supplemental noncash information related to leases:

	Three months ended September 30,
($000s)	2023		2022
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	49	$	370
Finance leases	$	110	$	76

	September 30,		June 30,
	2023		2023
Weighted average remaining lease term (in years)
Operating leases	5.5		5.7
Finance leases	2.4		2.6
Weighted average discount rate
Operating leases	9.3	%	9.2	%
Finance leases	19.0	%	13.4	%

The following table presents the maturities of our lease liabilities as of September 30, 2023:

($000s)	Operating Leases		Finance Leases
2024-remainder of year	$	14,148	$	408
2025	17,243		480
2026	15,822		270
2027	15,578		41
2028	12,700		—
Thereafter	19,485		—
Total undiscounted lease payments	94,976		1,199
Less: liability accretion	(20,904)		(222)
Total lease liabilities	$	74,072	$	977