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Leases
6 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases
7.
LEASES

The Company leases office space, warehouse and distribution facilities, manufacturing equipment and vehicles primarily in North America and Western Europe. The Company determines if an arrangement is or contains a lease at inception. At December 31, 2024 and June 30, 2024, right of use assets related to finance leases are included in property, plant and equipment, net on the consolidated balance sheets. Lease liabilities for finance leases are included in the current and non-current portions of long-term debt on the consolidated balance sheets. The current portion of the operating lease liabilities are included in accrued expenses and other current liabilities on the consolidated balance sheets. The Company does not have any related party leases, and sublease transactions are de minimis.

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

 

Three Months Ended

 

 

Six Months Ended

 

 

December 31, 2024

 

 

December 31, 2023

 

 

December 31, 2024

 

 

December 31, 2023

 

Operating lease expenses

 

$

3,937

 

 

$

4,796

 

 

$

8,046

 

 

$

9,374

 

Finance lease expenses

 

 

35

 

 

 

37

 

 

 

72

 

 

 

74

 

Variable lease expenses

 

 

177

 

 

 

190

 

 

 

350

 

 

 

372

 

Short-term lease expenses

 

 

414

 

 

 

418

 

 

 

840

 

 

 

813

 

Total lease expenses

 

$

4,563

 

 

$

5,441

 

 

$

9,308

 

 

$

10,633