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Leases (Tables)
9 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Components Of Leases Excluding Impact Of Sublease Income

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March 31,

 

 

March 31,

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease expense

 

$

2,394

 

 

$

2,700

 

 

$

7,202

 

 

$

8,066

 

Variable lease expense

 

 

518

 

 

 

482

 

 

 

1,488

 

 

 

1,390

 

Total lease expense

 

$

2,912

 

 

$

3,182

 

 

$

8,690

 

 

$

9,456

 

Other Information Related To Leases And Future Minimum Lease Payments

 

 

Nine Months Ended

 

 

 

March 31, 2024

 

 

March 31, 2023

 

(in thousands)

 

 

 

 

 

 

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

 

 

 

 

 

 

Operating cash flows paid for operating leases

 

$

7,069

 

 

$

6,575

 

 

 

 

 

 

 

 

Cash received from subleasing of operating lease:

 

 

 

 

 

 

Operating cash flows received from subleasing of operating lease

 

$

1,975

 

 

$

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Operating leases

 

$

797

 

 

$

35,305

 

 

 

 

 

 

 

 

Weighted-average remaining lease term (in years):

 

 

 

 

 

 

Operating leases

 

 

8.4

 

 

 

9.4

 

 

 

 

 

 

 

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

3.1

%

 

 

2.9

%

 

Future Minimum Lease Payments

 

 

March 31, 2024

 

Remaining payments in FY2024

 

$

2,432

 

FY2025

 

 

9,418

 

FY2026

 

 

9,208

 

FY2027

 

 

9,378

 

FY2028

 

 

9,144

 

Thereafter

 

 

37,040

 

Total future minimum lease payments

 

$

76,620

 

Less imputed interest

 

 

9,113

 

Lease liability

 

$

67,507