Leases

12 Months Ended

Jun. 30, 2025

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. 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 is 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 fiscal years ended June 30, 2025, 2024 and 2023 were as follows:


	Fiscal Year Ended
	2025		2024		2023
Operating lease expenses	$	14,019	$	17,446	$	18,173
Finance lease expenses		209		147		227
Variable lease expenses		671		723		740
Short-term lease expenses		1,247		1,565		2,003
Total lease expenses	$	16,146	$	19,881	$	21,143

Supplemental balance sheet information related to leases is as follows:


Leases	Classification	Fiscal Year Ended June 30,
		2025		2024
Assets
Operating lease ROU assets	Operating lease right-of-use assets, net*	$	76,875	$	86,634
Finance lease ROU assets, net	Property, plant and equipment, net		588		206
Total leased assets		$	77,463	$	86,840

Liabilities
Current
Operating	Accrued expenses and other current liabilities*	$	14,908	$	10,759
Finance	Current portion of long-term debt		153		85
Non-current
Operating	Operating lease liabilities, noncurrent portion		65,284		80,863
Finance	Long-term debt, less current portion		462		137
Total lease liabilities		$	80,807	$	91,844

* Includes leases related to personal care business that was reclassified as assets held for sale. See Note 4, Assets and Liabilities Held for Sale, for more information.

Additional information related to leases is as follows:


	Fiscal Year Ended June 30,
	2025			2024			2023
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,007		$	16,529		$	16,446
Operating cash flows from finance leases	$	16		$	12		$	16
Financing cash flows from finance leases	$	130		$	81		$	161
ROU assets obtained in exchange for lease obligations:
Operating leases(1)(2)(3)	$	(2,954	)	$	4,243		$	(2,627	)
Finance leases	$	514		$	35		$	118
Weighted average remaining lease term:
Operating leases	8.2 years			8.8 years			10.4 years
Finance leases	4.0 years			3.0 years			3.9 years
Weighted average discount rate:
Operating leases		5.0	%		5.0	%		4.8	%
Finance leases		6.7	%		4.6	%		4.7	%

(1) Includes adjustment for termination of two operating leases during fiscal year ended June 30, 2025, which resulted in a reduction of ROU assets and lease liabilities of $5,346 and $4,037, respectively, and recognition of an accumulated gain of $1,309 related to lease terminations.

(2) 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.

(3) 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.

Maturities of lease liabilities as of June 30, 2025 were as follows:


Fiscal Year	Operating leases		Finance leases		Total
2026	$	13,975	$	177	$	14,152
2027		13,591		163		13,754
2028		12,516		136		12,652
2029		11,696		110		11,806
2030		10,420		118		10,538
Thereafter		35,579		—		35,579
Total lease payments		97,777		704		98,481
Less: Imputed interest		17,585		89		17,674
Total lease liabilities	$	80,192	$	615	$	80,807