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Leases (Tables)
6 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Components Of Leases

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

 

 

December 31,

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease expense

 

$

2,384

 

 

$

2,700

 

 

$

4,808

 

 

$

5,366

 

Variable lease expense

 

 

524

 

 

 

490

 

 

 

970

 

 

 

908

 

Total lease expense

 

$

2,908

 

 

$

3,190

 

 

$

5,778

 

 

$

6,274

 

Other Information Related To Leases And Future Minimum Lease Payments

 

 

Six Months Ended

 

 

 

December 31, 2023

 

 

December 31, 2022

 

(in thousands)

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows paid for operating leases

 

$

4,663

 

 

$

4,224

 

 

 

 

 

 

 

 

Cash received from subleasing of operating lease:

 

 

 

 

 

 

Operating cash flows received from subleasing of operating lease

 

$

1,119

 

 

$

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease liabilities:

 

 

 

 

 

 

Operating leases

 

$

797

 

 

$

35,305

 

 

 

 

 

 

 

 

Weighted-average remaining lease term (in years):

 

 

 

 

 

 

Operating leases

 

 

8.6

 

 

 

4.9

 

 

 

 

 

 

 

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

3.1

%

 

 

3.3

%

 

Future Minimum Lease Payments

 

 

December 31, 2023

 

Remaining payments in FY2024

 

$

4,838

 

FY2025

 

 

9,418

 

FY2026

 

 

9,208

 

FY2027

 

 

9,378

 

FY2028

 

 

9,144

 

Thereafter

 

 

37,040

 

Total future minimum lease payments

 

$

79,026

 

Less imputed interest

 

 

9,648

 

Lease liability

 

$

69,378