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Leases
6 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
The Company has operating leases for current corporate offices and certain equipment. These leases have remaining terms of approximately one to six years. As of December 31, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases was 5.63 years and 3.24%, respectively. As of June 30, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases was 5.91 years and 3.17%, respectively.
For the three months ended December 31, 2025 and 2024, operating lease expense was $0.5 million and $0.5 million, respectively. For the six months ended December 31, 2025 and 2024, operating lease expense was $0.9 million and $1.0 million, respectively. The components of lease expense for the three and six months ended December 31, 2025 and 2024, were as follows (in thousands):
Three Months Ended December 31,Six Months Ended December 31,
2025202420252024
Operating lease expense
Operating lease cost$434 $468 $872 $938 
Variable lease cost34 33 68 74 
Short-term lease costs
Total lease expense$469 $505 $942 $1,021 
Supplemental cash flow information related to operating leases was as follows (in thousands):
Three Months Ended December 31,Six Months Ended December 31,
2025202420252024
Operating cash outflows from operating leases$542 $564 $1,088 $1,129 
Maturity of lease liabilities at December 31, 2025 are as follows (in thousands):
Year ended June 30,Amount
2026 (remaining six months ending June 30, 2026)$1,147 
20272,163 
20282,046 
20291,772 
20301,817 
Thereafter2,805 
Total11,750 
Less: imputed interest(1,059)
Present value of lease liabilities$10,691