LEASES

3 Months Ended

Sep. 30, 2025

We have operating leases for facilities, vehicles and other equipment. Our facility leases are primarily used for administrative functions, research and development (“R&D”), manufacturing, and storage and distribution. Our finance leases are not significant.

Our existing leases do not contain significant restrictive provisions or residual value guarantees; however, certain leases contain provisions for the payment of maintenance, real estate taxes or insurance costs by us. Our leases have remaining lease terms ranging from less than one year to 27 years, including periods covered by options to extend the lease when it is reasonably certain that the option will be exercised.

Lease expense was $13.6 million and $13.1 million for the three months ended September 30, 2025 and 2024, respectively. Expenses related to short-term leases, which were not recorded on the Condensed Consolidated Balance Sheets, were not material for the three months ended September 30, 2025 and 2024. As of September 30, 2025 and June 30, 2025, the weighted-average remaining lease term was 6.0 and 6.2 years, respectively, and the weighted-average discount rate for operating leases was 4.07% and 4.06% as of September 30, 2025 and June 30, 2025, respectively.

Supplemental cash flow information related to leases was as follows:


	Three Months Ended September 30,
In thousands	2025		2024
Operating cash outflows from operating leases	$	13,571	$	10,856
Right of use assets obtained in exchange for new operating lease liabilities	$	10,186	$	9,649

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


Fiscal Year Ending June 30:	(In thousands)
2026 (remaining nine months)	$	41,943
2027	50,172
2028	31,194
2029	25,742
2030	23,239
2031 and thereafter	59,173
Total lease payments	231,463
Less imputed interest	(28,537)
Total	$	202,926

As of September 30, 2025, we did not have material leases that had not yet commenced.