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Leases (Tables)
6 Months Ended
Dec. 31, 2024
Lessee Disclosure [Abstract]  
Summary of components of lease cost

The components of lease cost were as follows (in thousands):

Three Months Ended

Six Months Ended

December 31,

 

December 31,

2024

2023

2024

2023

Operating lease cost

$

11,379

$

11,519

$

22,110

$

23,070

Sublease income

 

(1,298)

 

(2,700)

 

(2,794)

 

(5,381)

Total lease cost

$

10,081

$

8,819

$

19,316

$

17,689

Summary of maturities of lease liabilities

Maturities of lease liabilities as of December 31, 2024 were as follows (in thousands):

Operating

Fiscal Year

Leases

2025 (remaining)

$

22,966

2026

46,543

2027

46,018

2028

40,525

2029

31,631

Thereafter

139,547

Total lease payments

 

327,230

Less: lease incentives not yet received

(16,546)

Less: imputed interest

(96,000)

Present value of lease liabilities

$

214,684

Summary of lease term and discount rate

Lease term and discount rate were as follows:

December 31,

2024

Weighted-average remaining operating lease term (years)

7.7

Weighted-average operating lease discount rate

7.6%

Summary of supplemental disclosures of cash flow information related to leases

Supplemental disclosures of cash flow information related to leases were as follows (in thousands):

Three Months Ended

Six Months Ended

December 31,

December 31,

2024

2023

2024

2023

Cash paid for amounts in the measurement of operating lease liabilities (net of sublease receipts)

$

6,904

$

10,989

$

16,285

$

21,615

Operating lease assets obtained in exchange for operating lease liabilities

$

24,023

$

14,383

$

26,137

$

19,526

Schedule of Future minimum lease and sublease rental income Future minimum sublease rental income under these agreements as of December 31, 2024 was as follows (in thousands):

Fiscal Year

Amount

2025 (remaining)

$

2,504

2026

2,038

Total sublease rental income

$

4,542