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v3.26.1

Finance and Operating Leases (Tables) | 12 Months Ended
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Jun. 30, 2026
Finance and Operating Leases |
Schedule of present value of the minimum lease payments on finance leases | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
​ | ​ | 2026 | ​ | 2025
2026 | ​ | $ | — | ​ | $ | 45,781
2027 | ​ | ​ | 64,471 | ​ | ​ | 33,864
2028 | ​ | ​ | 42,580 | ​ | ​ | 12,095
2029 | ​ | ​ | 15,356 | ​ | ​ | 297
2030 | ​ | ​ | 373 | ​ | ​ | —
Total minimum payments | ​ | ​ | 122,780 | ​ | ​ | 92,037
Less: imputed interest | ​ | ​ | (5,848) | ​ | ​ | (5,154)
Finance lease liability | ​ | ​ | 116,932 | ​ | ​ | 86,883
Less: current portion of finance lease liability | ​ | ​ | (60,477) | ​ | ​ | (42,316)
Long-term finance lease liability | ​ | $ | 56,455 | ​ | $ | 44,567
Schedule of future minimum lease payments under non-cancelable operating leases | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
​ | ​ | 2026 | ​ | 2025
​ | ​ | (in thousands)
2026 | ​ | $ | — | ​ | $ | 12,957
2027 | ​ | ​ | 3,128 | ​ | ​ | 8,942
2028 | ​ | ​ | 2,066 | ​ | ​ | 7,957
2029 | ​ | ​ | 1,684 | ​ | ​ | 7,776
2030 | ​ | ​ | 1,590 | ​ | ​ | 7,878
2031 | ​ | ​ | 1,406 | ​ | ​ | 4,748
Thereafter | ​ | ​ | 2,443 | ​ | ​ | —
Total minimum payments | ​ | ​ | 12,317 | ​ | ​ | 50,258
Less: imputed interest | ​ | ​ | (1,264) | ​ | ​ | (3,703)
Operating lease liability | ​ | ​ | 11,053 | ​ | ​ | 46,555
Less: current portion of operating lease liability | ​ | ​ | (2,737) | ​ | ​ | (11,391)
Long-term operating lease liability | ​ | $ | 8,316 | ​ | $ | 35,164
Schedule of lease cost, weighted-average remaining lease term, weighted-average discount rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended June 30, | ​
​ | ​ | 2026 | ​ | 2025 | ​ | 2024 | ​
​ | ​ | (in thousands) | ​
Lease cost | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Finance lease cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Instructional costs and services: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of right-of-use assets | ​ | $ | 52,326 | ​ | $ | 37,400 | ​ | $ | 31,099 | ​
Selling, general, and administrative expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of right-of-use assets | ​ | $ | 918 | ​ | $ | 237 | ​ | $ | — | ​
Interest on lease liabilities | ​ | ​ | 5,686 | ​ | ​ | 4,280 | ​ | ​ | 2,639 | ​
Operating lease cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Instructional costs and services: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cost | ​ | ​ | 3,867 | ​ | ​ | 9,154 | ​ | ​ | 9,605 | ​
Short-term lease cost | ​ | ​ | 82 | ​ | ​ | 83 | ​ | ​ | 56 | ​
Sublease income | ​ | ​ | (126) | ​ | ​ | (262) | ​ | ​ | (328) | ​
Selling, general, and administrative expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease cost | ​ | ​ | 1,318 | ​ | ​ | 4,077 | ​ | ​ | 6,019 | ​
Short-term lease cost | ​ | ​ | 94 | ​ | ​ | 93 | ​ | ​ | 150 | ​
Sublease income | ​ | ​ | — | ​ | ​ | (149) | ​ | ​ | (491) | ​
Total lease cost | ​ | $ | 64,165 | ​ | $ | 54,913 | ​ | $ | 48,749 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other information | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for amounts included in the measurement of lease liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating cash flows from operating leases | ​ | $ | (16,943) | ​ | $ | (12,396) | ​ | $ | (14,990) | ​
Financing cash flows from finance leases | ​ | ​ | (56,856) | ​ | ​ | (41,469) | ​ | ​ | (40,919) | ​
Right-of-use assets obtained in exchange for new finance lease liabilities | ​ | ​ | 82,500 | ​ | ​ | 68,995 | ​ | ​ | 35,652 | ​
Right-of-use assets obtained in exchange for new operating lease liabilities | ​ | ​ | 1,325 | ​ | ​ | 1,012 | ​ | ​ | 864 | ​
Weighted-average remaining lease term - finance leases | ​ | ​ | 2.00 | yrs. | ​ | 2.07 | yrs. | ​ | 2.02 | yrs.
Weighted-average remaining lease term - operating leases | ​ | ​ | 5.58 | yrs. | ​ | 5.13 | yrs. | ​ | 5.66 | yrs.
Weighted-average discount rate - finance leases | ​ | ​ | 4.71 | % | ​ | 5.34 | % | ​ | 5.62 | %
Weighted-average discount rate - operating leases | ​ | ​ | 4.05 | % | ​ | 2.95 | % | ​ | 2.92 | %

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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 + Details
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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 + Details
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- 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 + Details
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