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Leases (Tables)
12 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Lease Expenses and Other Information

The components of lease expenses for the fiscal years ended June 30, 2024, 2023 and 2022 were as follows:

 

 

Fiscal Year Ended

 

 

2024

 

 

2023

 

 

2022

 

Operating lease expenses

 

$

17,446

 

 

$

18,173

 

 

$

15,911

 

Finance lease expenses

 

 

147

 

 

 

227

 

 

 

251

 

Variable lease expenses

 

 

723

 

 

 

740

 

 

 

1,010

 

Short-term lease expenses

 

 

1,565

 

 

 

2,003

 

 

 

3,394

 

Total lease expenses

 

$

19,881

 

 

$

21,143

 

 

$

20,566

 

Additional information related to leases is as follows:

 

 

Fiscal Year Ended June 30,

 

 

2024

 

 

2023

 

 

2022

 

Supplemental cash flow information

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

16,529

 

 

$

16,446

 

 

$

15,462

 

Operating cash flows from finance leases

 

$

12

 

 

$

16

 

 

$

20

 

Financing cash flows from finance leases

 

$

81

 

 

$

161

 

 

$

226

 

ROU assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

Operating leases(1)(2)

 

$

4,243

 

 

$

(2,627

)

 

$

39,435

 

Finance leases

 

$

35

 

 

$

118

 

 

$

116

 

Weighted average remaining lease term:

 

 

 

 

 

 

 

 

 

Operating leases

 

8.8 years

 

 

10.4 years

 

 

9.3 years

 

Finance leases

 

3.0 years

 

 

3.9 years

 

 

4.1 years

 

Weighted average discount rate:

 

 

 

 

 

 

 

 

 

Operating leases

 

 

5.0

%

 

 

4.8

%

 

 

3.9

%

Finance leases

 

 

4.6

%

 

 

4.7

%

 

 

4.1

%

 

 

(1) Includes adjustment for remeasurement of an operating lease during fiscal year ended June 30, 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 for the fiscal year ended June 30, 2023, which resulted in a reduction of ROU assets and lease liabilities 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 is as follows:

 

Leases

 

Classification

 

Fiscal Year Ended June 30,

 

 

 

 

2024

 

 

2023

 

Assets

 

 

 

 

 

 

 

 

Operating lease ROU assets

 

Operating lease right-of-use assets, net

 

$

86,634

 

 

$

95,894

 

Finance lease ROU assets, net

 

Property, plant and equipment, net

 

 

206

 

 

 

289

 

Total leased assets

 

 

 

$

86,840

 

 

$

96,183

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

Operating

 

Accrued expenses and other current liabilities

 

$

10,759

 

 

$

10,489

 

Finance

 

Current portion of long-term debt

 

 

85

 

 

 

83

 

Non-current

 

 

 

 

 

 

 

 

Operating

 

Operating lease liabilities, noncurrent portion

 

 

80,863

 

 

 

90,014

 

Finance

 

Long-term debt, less current portion

 

 

137

 

 

 

222

 

Total lease liabilities

 

 

 

$

91,844

 

 

$

100,808

 

Schedule of Maturities of Finance Lease Liabilities

Maturities of lease liabilities as of June 30, 2024 were as follows:

 

Fiscal Year

 

Operating leases

 

 

Finance leases

 

 

Total

 

 2025

 

$

14,680

 

 

$

93

 

 

$

14,773

 

 2026

 

 

14,617

 

 

 

68

 

 

 

14,685

 

 2027

 

 

13,599

 

 

 

53

 

 

 

13,652

 

 2028

 

 

13,253

 

 

 

25

 

 

 

13,278

 

 2029

 

 

11,990

 

 

 

 

 

 

11,990

 

Thereafter

 

 

45,740

 

 

 

 

 

 

45,740

 

Total lease payments

 

 

113,879

 

 

 

239

 

 

 

114,118

 

Less: Imputed interest

 

 

22,257

 

 

 

17

 

 

 

22,274

 

Total lease liabilities

 

$

91,622

 

 

$

222

 

 

$

91,844

 

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of June 30, 2024 were as follows:

 

Fiscal Year

 

Operating leases

 

 

Finance leases

 

 

Total

 

 2025

 

$

14,680

 

 

$

93

 

 

$

14,773

 

 2026

 

 

14,617

 

 

 

68

 

 

 

14,685

 

 2027

 

 

13,599

 

 

 

53

 

 

 

13,652

 

 2028

 

 

13,253

 

 

 

25

 

 

 

13,278

 

 2029

 

 

11,990

 

 

 

 

 

 

11,990

 

Thereafter

 

 

45,740

 

 

 

 

 

 

45,740

 

Total lease payments

 

 

113,879

 

 

 

239

 

 

 

114,118

 

Less: Imputed interest

 

 

22,257

 

 

 

17

 

 

 

22,274

 

Total lease liabilities

 

$

91,622

 

 

$

222

 

 

$

91,844