Leases (Tables)

12 Months Ended

Jun. 30, 2024

Leases [Abstract]

Components Of Leases

The components of the Company’s leases reflected on the Company’s consolidated statements of income were as follows:

(in thousands)	June 30, 2024		June 30, 2023
Operating lease expense	$	9,772	$	10,814
Variable lease expense		1,853		1,799
Total lease expense	$	11,625	$	12,613

Other Information Related To Leases And Future Minimum Lease Payments

Other information related to leases and future minimum lease payments under non-cancellable operating leases were as follows:

Fiscal year	June 30, 2024			June 30, 2023
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9,502		$	9,119
Cash received from subleasing of operating lease:
Operating cash flows received from subleasing of operating lease	$	2,744		$	175
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	797		$	38,775
Weighted-average remaining lease term (in years):
Operating leases		8.2			9.1
Weighted-average discount rate:
Operating leases		3.1	%		2.9	%
Fiscal year				June 30, 2024
(in thousands)
Payments in FY2025				$	9,418
FY2026					9,208
FY2027					9,378
FY2028					9,144
FY2029					8,064
Thereafter					28,976
Total future minimum lease payments				$	74,188
Less imputed interest					8,595
Lease liability				$	65,593