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Leases | 12 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Leases | Leases All of the Company’s leases are operating leases. The current portion of operating lease liabilities is included in other accrued expenses and current liabilities on the consolidated balance sheets. Lease balances on the consolidated balance sheets are as follows (dollars in thousands):
| June 30,
| 2025 |  | 2024
Operating lease right-of-use assets | $ | 343,944 |  |  | $ | 305,637 |
Operating lease liabilities, current | $ | 40,009 |  |  | $ | 51,223 |
Operating lease liabilities, noncurrent | 377,080 |  |  | 325,046 |
| $ | 417,089 |  |  | $ | 376,269 |
The Company’s total lease cost is recorded primarily within indirect costs and selling expenses and had the following impact on the consolidated statements of operations (dollars in thousands):
| Year Ended June 30,
| 2025 |  | 2024 |  | 2023
Operating lease cost | $ | 82,082 |  |  | $ | 82,441 |  |  | $ | 80,057 |
Short-term and variable lease cost | 17,831 |  |  | 17,390 |  |  | 16,287 |
Sublease income | (1,121) |  |  | (366) |  |  | (344) |
Total lease cost | $ | 98,792 |  |  | $ | 99,465 |  |  | $ | 96,000 |
The Company’s future minimum lease payments under non-cancelable operating leases as of June 30, 2025 are as follows (dollars in thousands):
Fiscal Year Ending June 30: |
2026 | $ | 57,726 |
2027 | 87,201 |
2028 | 72,260 |
2029 | 62,575 |
2030 | 53,322 |
Thereafter | 166,400 |
Total undiscounted lease payments | 499,484 |
Less: imputed interest | (82,395) |
Total discounted lease liabilities | $ | 417,089 |
Cash paid for operating leases was $87.5 million, $88.0 million, and $86.1 million in fiscal 2025, 2024, and 2023, respectively. ROU assets obtained in exchange for new operating lease obligations were $106.5 million, $61.3 million, and $64.5 million in fiscal 2025, 2024, and 2023, respectively, including all non-cash changes arising from new or remeasured operating lease arrangements. The weighted average remaining lease terms as of June 30, 2025 and 2024 were 7.11 and 6.22 years, respectively, and the weighted average discount rates were 4.46% and 3.91%, respectively. As of June 30, 2025, the Company had future lease payments of $25.3 million for facility leases that have not yet commenced. These leases have a weighted average remaining lease term of approximately 14.73 years.

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- 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
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