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

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

Three Months Ended

 

September 30,

2024

2023

Operating lease cost

$

10,731

$

11,551

Sublease income

 

(1,496)

 

(2,681)

Total lease cost

$

9,235

$

8,870

Summary of maturities of lease liabilities

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

Operating

Fiscal Year

Leases

2025 (remaining)

$

33,558

2026

44,568

2027

43,308

2028

36,456

2029

26,722

Thereafter

91,741

Total lease payments

 

276,353

Less: lease incentives not yet received

(8,830)

Less: imputed interest

(73,500)

Present value of lease liabilities

$

194,023

Summary of lease term and discount rate

Lease term and discount rate were as follows:

September 30,

2024

Weighted-average remaining operating lease term (years)

6.7

Weighted-average operating lease discount rate

7.5%

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,

2024

2023

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

$

9,381

$

10,625

Operating lease assets obtained in exchange for operating lease liabilities

$

2,114

$

5,143

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

Fiscal Year

Amount

2025 (remaining)

$

3,784

2026

2,038

Total sublease rental income

$

5,822