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Leases
 6 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases
Note 3. Leases
The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms through April 30, 2030, some of which have options to extend the lease for up to 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewal until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.
The components of lease expense are as follows:
Three Months Ended December 31,Six Months Ended December 31,
(In thousands)2024202320242023
Operating lease expense$4,904 $3,445 $9,134 $6,322 
Finance lease expense:
Amortization of finance lease assets
41 41 82 82 
Interest on finance lease liabilities
4 7 8 13 
Total lease expense$4,949 $3,493 $9,224 $6,417 
Maturities of lease liabilities are as follows:
December 31, 2024
(In thousands)Operating LeasesFinance Leases
2025$8,742 $96 
202613,910 96 
20278,734 — 
20286,632 — 
20293,353 — 
Thereafter346 — 
Total lease payments41,717 192 
Less: interest (4,337)(4)
Total lease obligations$37,380 $188 
Lease term and discount rate:
December 31, 2024June 30, 2024
Weighted-average remaining lease terms (in years):
Operating lease4.05.2
Finance lease1.01.5
Weighted-average discount rate:
Operating lease6.81 %6.65 %
Finance lease6.50 %6.50 %
Other Information:
Six Months Ended December 31,
(In thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$8,532 $6,319 
Operating cash flows from finance leases8 13 
Financing cash flows from finance leases96 96 
Leases
Note 3. Leases
The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms through April 30, 2030, some of which have options to extend the lease for up to 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewal until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.
The components of lease expense are as follows:
Three Months Ended December 31,Six Months Ended December 31,
(In thousands)2024202320242023
Operating lease expense$4,904 $3,445 $9,134 $6,322 
Finance lease expense:
Amortization of finance lease assets
41 41 82 82 
Interest on finance lease liabilities
4 7 8 13 
Total lease expense$4,949 $3,493 $9,224 $6,417 
Maturities of lease liabilities are as follows:
December 31, 2024
(In thousands)Operating LeasesFinance Leases
2025$8,742 $96 
202613,910 96 
20278,734 — 
20286,632 — 
20293,353 — 
Thereafter346 — 
Total lease payments41,717 192 
Less: interest (4,337)(4)
Total lease obligations$37,380 $188 
Lease term and discount rate:
December 31, 2024June 30, 2024
Weighted-average remaining lease terms (in years):
Operating lease4.05.2
Finance lease1.01.5
Weighted-average discount rate:
Operating lease6.81 %6.65 %
Finance lease6.50 %6.50 %
Other Information:
Six Months Ended December 31,
(In thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$8,532 $6,319 
Operating cash flows from finance leases8 13 
Financing cash flows from finance leases96 96