LEASES (Tables)

9 Months Ended

Mar. 31, 2024

Schedule of Lease Expenses and Other Information

The components of lease expenses for the three and nine months ended March 31, 2024 and 2023 were as follows:


	Three Months Ended				Nine Months Ended
	March 31, 2024		March 31, 2023		March 31, 2024		March 31, 2023
Operating lease expenses	$	4,106	$	6,657	$	13,480	$	13,869



Finance lease expenses	37		48		111		188
Variable lease expenses	182		207		554		556
Short-term lease expenses	287		726		1,100		1,612
Total lease expenses	$	4,612	$	7,638	$	15,245	$	16,225

Additional information related to leases is as follows:


	Nine Months Ended
	March 31, 2024			March 31, 2023
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	12,632		$	12,299
Operating cash flows from finance leases	$	9		$	12
Financing cash flows from finance leases	$	60		$	137
ROU assets obtained in exchange for lease obligations:
Operating leases(1)(2)	$	2,488		$	(2,740)
Finance leases	$	35		$	60


Weighted average remaining lease term:
Operating leases	9.1 years			10.5 years
Finance leases	3.2 years			4.1 years
Weighted average discount rate:
Operating leases	4.9		%	4.7		%
Finance leases	4.5		%	4.5		%

(1) Includes adjustment for remeasurement of an operating lease during the nine months ended March 31, 2024, which resulted in a net reduction of an ROU asset and a corresponding reduction in lease liability of $9,375.

(2) Includes adjustment for modification of an operating lease during the nine months ended March 31, 2023, which resulted in a reduction of an ROU asset and lease liability of $13,876 and $17,244, respectively, and recognition of a gain of $3,368 related to the modification.

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:


Leases	Classification	March 31, 2024		June 30, 2023
Assets
Operating lease ROU assets, net	Operating lease right-of-use assets, net	$	87,599	$	95,894

Finance lease ROU assets, net	Property, plant and equipment, net	227		289

Total leased assets		$	87,826	$	96,183

Liabilities
Current
Operating	Accrued expenses and other current liabilities	$	10,027	$	10,489

Finance	Current portion of long-term debt	85		83

Non-current
Operating	Operating lease liabilities, noncurrent portion	82,435		90,014
Finance	Long-term debt, less current portion	158		222
Total lease liabilities		$	92,705	$	100,808

Schedule of Maturities of Finance Lease Liabilities

Maturities of lease liabilities as of March 31, 2024 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2024 (remainder of year)	$	3,051	$	24	$	3,075
2025	14,436		93		14,529
2026	13,800		68		13,868
2027	13,469		53		13,522
2028	13,228		25		13,253
Thereafter	57,785		—		57,785
Total lease payments	115,769		263		116,032
Less: Imputed interest	23,307		20		23,327
Total lease liabilities	$	92,462	$	243	$	92,705

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of March 31, 2024 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2024 (remainder of year)	$	3,051	$	24	$	3,075
2025	14,436		93		14,529
2026	13,800		68		13,868
2027	13,469		53		13,522
2028	13,228		25		13,253
Thereafter	57,785		—		57,785
Total lease payments	115,769		263		116,032
Less: Imputed interest	23,307		20		23,327
Total lease liabilities	$	92,462	$	243	$	92,705