XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.25.3

Leases | 3 Months Ended
--- | ---
Sep. 30, 2025
Leases [Abstract] |
Leases | Leases We determine if an arrangement is a lease at inception for arrangements with an initial term of more than 12 months, and classify it as either finance or operating. Finance leases are generally those that allow us to substantially utilize or pay for the entire asset over its estimated useful life. Finance lease assets are recorded in Property, plant and equipment, net, and finance lease liabilities within Other accrued liabilities and Other liabilities on our Condensed Consolidated Balance Sheets. Finance lease assets are amortized in operating expenses on a straight-line basis over the shorter of the estimated useful lives of the assets or the lease term, with the interest component for lease liabilities included in interest expense and recognized using the effective interest method over the lease term. Operating leases are leases that do not qualify as finance leases and are recorded in Other assets and Operating lease current liabilities and Operating lease liabilities on our Condensed Consolidated Balance Sheets. Operating lease assets are amortized on a straight-line basis in operating expenses over the lease term. Our lease liabilities are recognized based on the present value of the remaining fixed lease payments, over the lease term, using a discount rate of similarly secured borrowings available to the Company. For the purpose of lease liability measurement, we consider only payments that are fixed and determinable at the time of commencement. Any variable payments that depend on an index or rate are expensed as incurred. We account for non-lease components, such as common area maintenance, as a component of the lease, and include it in the initial measurement of our leased assets and corresponding liabilities. Our lease terms and conditions may include options to extend or terminate. An option is recognized when it is reasonably certain that we will exercise that option. Our lease assets also include any lease payments made, and exclude any lease incentives received prior to commencement. Our lease assets are tested for impairment in the same manner as long-lived assets used in operations. The following table presents lease costs, which include leases for arrangements with an initial term of more than 12 months, lease term, and discount rates ($000):
| Three Months Ended September 30, 2025 |  |  |  |
Finance lease cost |  |  |  |  |
Amortization of right-of-use assets | $ | — |  |  |  |  |
Interest on lease liabilities | 221 |  |  |  |  |
Total finance lease cost | 221 |  |  |  |  |
Operating lease cost | 14,947 |  |  |  |  |
Sublease income | (328) |  |  |  |  |
Total lease cost | $ | 14,840 |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |
Operating cash flows from finance leases | $ | 221 |  |  |  |  |
Operating cash flows from operating leases | 14,919 |  |  |  |  |
Financing cash flows from finance leases | 462 |  |  |  |  |
Weighted-average remaining lease term (in years) |  |  |  |  |
Finance leases | 6.3 |  |  |  |
Operating leases | 6.2 |  |  |  |
Weighted-average discount rate |  |  |  |  |
Finance leases | 5.6 | % |  |  |  |
Operating leases | 7.0 | % |  |  |  |
| Three Months Ended September 30, 2024 |  |
Finance lease cost |  |  |
Amortization of right-of-use assets | $ | 417 |  |  |
Interest on lease liabilities | 246 |  |  |
Total finance lease cost | 663 |  |  |
Operating lease cost | 14,259 |  |  |
Total lease cost | $ | 14,922 |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from finance leases | $ | 246 |  |  |
Operating cash flows from operating leases | 13,695 |  |  |
Financing cash flows from finance leases | 419 |  |  |
Leases | Leases We determine if an arrangement is a lease at inception for arrangements with an initial term of more than 12 months, and classify it as either finance or operating. Finance leases are generally those that allow us to substantially utilize or pay for the entire asset over its estimated useful life. Finance lease assets are recorded in Property, plant and equipment, net, and finance lease liabilities within Other accrued liabilities and Other liabilities on our Condensed Consolidated Balance Sheets. Finance lease assets are amortized in operating expenses on a straight-line basis over the shorter of the estimated useful lives of the assets or the lease term, with the interest component for lease liabilities included in interest expense and recognized using the effective interest method over the lease term. Operating leases are leases that do not qualify as finance leases and are recorded in Other assets and Operating lease current liabilities and Operating lease liabilities on our Condensed Consolidated Balance Sheets. Operating lease assets are amortized on a straight-line basis in operating expenses over the lease term. Our lease liabilities are recognized based on the present value of the remaining fixed lease payments, over the lease term, using a discount rate of similarly secured borrowings available to the Company. For the purpose of lease liability measurement, we consider only payments that are fixed and determinable at the time of commencement. Any variable payments that depend on an index or rate are expensed as incurred. We account for non-lease components, such as common area maintenance, as a component of the lease, and include it in the initial measurement of our leased assets and corresponding liabilities. Our lease terms and conditions may include options to extend or terminate. An option is recognized when it is reasonably certain that we will exercise that option. Our lease assets also include any lease payments made, and exclude any lease incentives received prior to commencement. Our lease assets are tested for impairment in the same manner as long-lived assets used in operations. The following table presents lease costs, which include leases for arrangements with an initial term of more than 12 months, lease term, and discount rates ($000):
| Three Months Ended September 30, 2025 |  |  |  |
Finance lease cost |  |  |  |  |
Amortization of right-of-use assets | $ | — |  |  |  |  |
Interest on lease liabilities | 221 |  |  |  |  |
Total finance lease cost | 221 |  |  |  |  |
Operating lease cost | 14,947 |  |  |  |  |
Sublease income | (328) |  |  |  |  |
Total lease cost | $ | 14,840 |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |
Operating cash flows from finance leases | $ | 221 |  |  |  |  |
Operating cash flows from operating leases | 14,919 |  |  |  |  |
Financing cash flows from finance leases | 462 |  |  |  |  |
Weighted-average remaining lease term (in years) |  |  |  |  |
Finance leases | 6.3 |  |  |  |
Operating leases | 6.2 |  |  |  |
Weighted-average discount rate |  |  |  |  |
Finance leases | 5.6 | % |  |  |  |
Operating leases | 7.0 | % |  |  |  |
| Three Months Ended September 30, 2024 |  |
Finance lease cost |  |  |
Amortization of right-of-use assets | $ | 417 |  |  |
Interest on lease liabilities | 246 |  |  |
Total finance lease cost | 663 |  |  |
Operating lease cost | 14,259 |  |  |
Total lease cost | $ | 14,922 |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from finance leases | $ | 246 |  |  |
Operating cash flows from operating leases | 13,695 |  |  |
Financing cash flows from finance leases | 419 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration