XML 43 R19.htm IDEA: XBRL DOCUMENT
v3.23.2

LEASES | 12 Months Ended
--- | ---
Jun. 30, 2023
Leases [Abstract] |
LEASES | LEASES The Company leases office space under operating lease agreements scheduled to expire at various dates. Operating lease expense for the years ended June 30, 2023, 2022 and 2021 was $11.4 million, $10.8 million, and $10.6 million, respectively. Supplemental information related to the Company’s operating leases is as follows:
|  | At June 30,
(Dollars in thousands) |  | 2023 |  | 2022
Right-of-use assets |  | $ | 63,565 |  |  | $ | 69,196 |
Lease liabilities |  | 69,630 |  |  | 74,878 |
Weighted-average remaining lease term |  | 6.57 years |  | 7.53 years
Weighted-average discount rate |  | 3.00 | % |  | 2.79 | %
Supplemental cash flow information related to leases is as follows:
| For the Year Ended June 30,
(Dollars in thousands) | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities for operating leases—operating cash flows | $ | 10,658 |  |  | $ | 9,888 |  |  | $ | 8,875 |
Maturities of Operating Lease Liabilities. The Company leases office space under operating lease agreements scheduled to expire at various dates. The following table represents maturities of lease liabilities as of June 30, 2023:
(Dollars in thousands) |
Within one year | $ | 11,581 |
After one year and within two years | 11,807 |
After two years and within three years | 11,504 |
After three years and within four years | 11,595 |
After four years and within five years | 10,304 |
After five years | 20,200 |
Total lease payments | 76,991 |
Less: amount representing interest | (7,361) |
Total Lease Liability | $ | 69,630 |
As of June 30, 2023, the Company is in compliance with all covenants contained in lease agreements.

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 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