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Leases (Tables)
12 Months Ended
Jun. 30, 2024
Lessee Disclosure [Abstract]  
Summary of components of lease cost

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

Year Ended June 30,

2024

2023

2022

Operating lease cost

$

44,365

$

48,181

$

55,257

Sublease income

 

(9,107)

 

(13,329)

 

(13,920)

Total lease cost

$

35,258

$

34,852

$

41,337

Summary of maturities of lease liabilities

Maturities of lease liabilities as of June 30, 2024 were as follows (in thousands):

Operating

Fiscal Year

Leases

2025

$

44,419

2026

44,406

2027

43,012

2028

36,054

2029

26,313

Thereafter

89,337

Total lease payments

 

283,541

Less: tenant improvement allowance not yet received

(8,631)

Less: imputed interest

(75,769)

Present value of lease liabilities

$

199,141

Summary of lease term and discount rate

Lease term and discount rate were as follows:

June 30, 2024

Weighted-average remaining operating lease term (years)

6.8

Weighted-average operating lease discount rate

7.4%

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):

Year Ended June 30,

2024

2023

2022

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

$

41,063

$

58,198

$

52,540

Operating lease assets obtained in exchange for operating lease liabilities

$

34,719

$

32,476

$

49,136

Schedule of Future minimum lease and sublease rental income Future minimum sublease rental income under these agreements as of June 30, 2024, were as follows (in thousands):

Fiscal Year

Amount

2025

$

5,255

2026

 

2,038

Total sublease rental income

$

7,293