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Leases (Tables)
3 Months Ended
Sep. 30, 2023
Lessee Disclosure [Abstract]  
Summary of components of lease cost

The components of lease cost were as follows (in thousands):

Three Months Ended

 

September 30, 

2023

2022

Operating lease cost

$

11,551

$

12,375

Sublease income

 

(2,681)

 

(3,570)

Total lease cost

$

8,870

$

8,805

Summary of maturities of lease liabilities

Maturities of lease liabilities by fiscal year as of September 30, 2023 were as follows (in thousands):

Operating

Fiscal Year

Leases

2024 (remaining)

$

36,191

2025

43,569

2026

38,253

2027

36,706

2028

29,590

Thereafter

76,992

Total lease payments

 

261,301

Less: tenant improvement allowance not yet received

(4,065)

Less: imputed interest

(61,032)

Present value of lease liabilities

$

196,204

Summary of lease term and discount rate

Lease term and discount rate were as follows:

September 30, 

2023

Weighted-average remaining operating lease term (years)

6.3

Weighted-average operating lease discount rate

6.7%

Summary of supplemental disclosures of cash flow information related to leases

Supplemental disclosures of cash flow information related to leases were as follows (in thousands):

Three Months Ended

September 30, 

2023

2022

Cash paid for amounts in the measurement of operating lease liabilities (net of sublease receipts)

$

10,625

$

12,428

Operating lease assets obtained in exchange for operating lease liabilities

$

5,143

$

Schedule of Future minimum lease and sublease rental income Future minimum lease and sublease rental income under these agreements as of September 30, 2023, were as follows (in thousands):

Fiscal Year

Amount

2024 (remaining)

$

6,887

2025

5,255

2026

 

2,038

Total lease and sublease rental income

$

14,180