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Finance and Operating Leases (Tables)

9 Months Ended

Mar. 31, 2025

Finance and Operating Leases

Schedule of present value of the minimum lease payments on finance leases

​

​	​	​	​	​	​	​
​		March 31, 2025			June 30, 2024
​		(in thousands)
2025	​	$	12,666	​	$	31,655
2026	​	​	45,454	​	​	19,880
2027	​	​	33,265	​	​	7,691
2028	​	​	11,542	​	​	82
Total minimum payments	​	​	102,927	​	​	59,308
Less: imputed interest	​	​	(6,153)	​	​	(3,710)
Finance lease liability	​	​	96,774	​	​	55,598
Less: current portion of finance lease liability	​	​	(44,011)	​	​	(29,146)
Long-term finance lease liability	​	$	52,763	​	$	26,452

Schedule of future minimum lease payments under non-cancelable operating leases

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​	​	​	​	​	​	​
​		​	​	​	​	​
​		March 31, 2025			June 30, 2024
​	​	(in thousands)
2025	​	$	3,558	​	$	14,263
2026	​	​	12,508	​	​	12,361
2027	​	​	8,881	​	​	8,705
2028	​	​	7,894	​	​	7,713
2029	​	​	7,711	​	​	7,599
Thereafter	​	​	12,552	​	​	12,381
Total minimum payments	​	​	53,104	​	​	63,022
Less: imputed interest	​	​	(4,008)	​	​	(5,082)
Operating lease liability	​	​	49,096	​	​	57,940
Less: current portion of operating lease liability	​	​	(12,306)	​	​	(12,748)
Long-term operating lease liability	​	$	36,790	​	$	45,192

Schedule of expected sublease income

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​	​	​	​	​	​	​
​		​	​	​	​	​
​		March 31, 2025			June 30, 2024
​	​	(in thousands)
2025	​	$	70	​	$	455
2026	​	​	139	​	​	139
Total sublease income	​	$	209	​	$	594

Schedule of lease cost, weighted-average remaining lease term, weighted-average discount rate

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Three Months Ended March 31,

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Nine Months Ended March 31,

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2025

2024

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2025

2024

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​

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(in thousands)

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Lease cost

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Finance lease cost:

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Amortization of right-of-use assets

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$

10,556

​

$

7,775

​

$

27,033

​

$

23,760

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Interest on lease liabilities

​

​

1,225

​

​

887

​

​

3,105

​

​

1,870

​

Instructional costs and services:

​

​

​

​

​

​

​

​

​

​

​

​

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Operating lease cost

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​

2,269

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​

2,363

​

​

6,913

​

​

7,284

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Short-term lease cost

​

​

12

​

​

10

​

​

38

​

​

42

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Sublease income

​

​

(66)

​

​

(66)

​

​

(197)

​

​

(263)

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Selling, general, and administrative expenses:

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Operating lease cost

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​

984

​

​

1,146

​

​

3,097

​

​

4,891

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Short-term lease cost

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​

23

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16

​

​

70

​

​

128

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Sublease income

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​

—

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​

(123)

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​

(149)

​

​

(368)

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Total lease cost

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$

15,003

​

$

12,008

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$

39,910

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$

37,344

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Other information

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Cash paid for amounts included in the measurement of lease liabilities

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Operating cash flows from operating leases

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$

(3,146)

​

$

(3,108)

​

$

(9,583)

​

$

(11,695)

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Financing cash flows from finance leases

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​

(13,243)

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​

(9,721)

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​

(29,957)

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​

(32,212)

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Right-of-use assets obtained in exchange for new finance lease liabilities

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​

15,628

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​

6,220

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​

67,567

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​

32,497

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Right-of-use assets obtained in exchange for new operating lease liabilities

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​

457

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180

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​

739

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​

805

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Weighted-average remaining lease term - finance leases

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​

2.21

yrs.

​

2.09

yrs.

Weighted-average remaining lease term - operating leases

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5.24

yrs.

​

5.80

yrs.

Weighted-average discount rate - finance leases

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5.51

%

​

5.45

%

Weighted-average discount rate - operating leases

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2.94

%

​

2.93

%

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X

- Definition

Tabular disclosure of expected sublease income.

+ References

No definition available.

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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