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Leases
9 Months Ended
Mar. 31, 2025
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 March 31, 2032, 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 March 31,Nine Months Ended March 31,
(In thousands)2025202420252023
Operating lease expense$5,129 $3,595 $14,263 $9,164 
Finance lease expense:
Amortization of finance lease assets41 41 123 123 
Interest on finance lease liabilities11 19 
Total lease expense$5,173 $3,642 $14,397 $9,306 
Maturities of lease liabilities are as follows:
March 31, 2025
(In thousands)Operating LeasesFinance Leases
2025$4,649 $48 
202615,599 82 
202710,101 — 
20287,573 — 
20294,324 — 
Thereafter2,343 — 
Total lease payments44,589 130 
Less: interest (4,869)(4)
Total lease obligations$39,720 $126 
Lease term and discount rate:
March 31, 2025June 30, 2024
Weighted-average remaining lease terms (in years):
Operating lease4.15.2
Finance lease0.81.5
Weighted-average discount rate:
Operating lease6.56 %6.65 %
Finance lease6.50 %6.50 %
Other Information:
Nine Months Ended March 31,
(In thousands)20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$13,321 $9,289 
Operating cash flows from finance leases11 19 
Financing cash flows from finance leases144 123 
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 March 31, 2032, 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 March 31,Nine Months Ended March 31,
(In thousands)2025202420252023
Operating lease expense$5,129 $3,595 $14,263 $9,164 
Finance lease expense:
Amortization of finance lease assets41 41 123 123 
Interest on finance lease liabilities11 19 
Total lease expense$5,173 $3,642 $14,397 $9,306 
Maturities of lease liabilities are as follows:
March 31, 2025
(In thousands)Operating LeasesFinance Leases
2025$4,649 $48 
202615,599 82 
202710,101 — 
20287,573 — 
20294,324 — 
Thereafter2,343 — 
Total lease payments44,589 130 
Less: interest (4,869)(4)
Total lease obligations$39,720 $126 
Lease term and discount rate:
March 31, 2025June 30, 2024
Weighted-average remaining lease terms (in years):
Operating lease4.15.2
Finance lease0.81.5
Weighted-average discount rate:
Operating lease6.56 %6.65 %
Finance lease6.50 %6.50 %
Other Information:
Nine Months Ended March 31,
(In thousands)20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$13,321 $9,289 
Operating cash flows from finance leases11 19 
Financing cash flows from finance leases144 123