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Leases
9 Months Ended
Mar. 31, 2025
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, 

    

2024

    

2025

2024

    

2025

Operating lease cost

$

2,822

$

3,399

$

8,433

$

9,017

Variable lease cost

289

256

823

735

Short-term lease cost

372

427

1,038

1,358

$

3,483

$

4,082

$

10,294

$

11,110

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

    

Balance Sheet Category

    

June 30, 2024

    

March 31, 2025

Operating lease ROU assets, net

 

Other assets

$

30,040

$

31,142

Operating lease liabilities, current portion

 

Other accrued expenses and current liabilities

$

9,706

$

10,585

Operating lease liabilities, long-term

 

Other long-term liabilities

21,127

21,326

Total operating lease liabilities

$

30,833

$

31,911

Weighted average remaining lease term

3.6 years

Weighted average discount rate

4.6

%

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

    

Nine Months Ended March 31, 

    

2024

    

2025

Cash paid for operating lease liabilities

$

9,114

$

9,223

ROU assets obtained in exchange for new lease obligations

 

3,780

5,521

Maturities of operating lease liabilities at March 31, 2025 were as follows (in thousands):

    

March 31, 2025

Less than one year

$

10,731

1 – 2 years

 

9,066

2 – 3 years

 

7,350

3 – 4 years

 

3,203

4 – 5 years

 

2,161

Thereafter

 

2,279

 

34,790

Less: imputed interest

 

(2,879)

Total lease liabilities

$

31,911