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Leases
9 Months Ended
Mar. 31, 2024
Leases  
Leases

6. Leases

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

Three Months Ended March 31, 

    

Nine Months Ended March 31, 

    

2023

    

2024

2023

    

2024

Operating lease cost

$

2,850

$

2,822

$

8,525

$

8,433

Variable lease cost

328

289

 

1,055

 

823

Short-term lease cost

261

372

 

685

 

1,038

$

3,439

$

3,483

$

10,265

$

10,294

Supplemental disclosures related to operating leases were as follows (in thousands):

    

Balance Sheet Category

    

June 30, 2023

    

March 31, 2024

Operating lease ROU assets, net

 

Other assets

$

32,618

$

28,792

Operating lease liabilities, current portion

 

Other accrued expenses and current liabilities

$

9,787

$

9,373

Operating lease liabilities, long-term

 

Other long-term liabilities

 

23,733

 

20,141

Total operating lease liabilities

$

33,520

$

29,514

Weighted average remaining lease term

 

 

3.8 years

Weighted average discount rate

 

 

4.1

%

Supplemental cash flow information related to operating leases was as follows (in thousands):

    

Nine Months Ended March 31, 

    

2023

    

2024

Cash paid for operating lease liabilities

$

8,631

$

9,114

ROU assets obtained in exchange for new lease obligations

 

2,658

3,780

Maturities of operating lease liabilities at March 31, 2024 were as follows (in thousands):

    

March 31, 2024

Less than one year

$

10,344

1 – 2 years

 

8,894

2 – 3 years

 

7,754

3 – 4 years

 

4,230

4 – 5 years

 

934

Thereafter

 

278

 

32,434

Less: imputed interest

 

(2,920)

Total lease liabilities

$

29,514