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Leases | 6 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Note 8. Leases The Company leases the majority of its office space in the U.S., U.K., Netherlands, Ukraine, Germany, and Singapore under non-cancelable operating lease agreements, which have various expiration dates through November 2030, some of which include options to extend the leases for up to 5 years. The components of lease costs were as follows (in thousands):
|  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
Operating Leases: |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating lease cost |  | $ | 1,678 |  |  | $ | 1,486 |  |  | $ | 3,383 |  |  | $ | 2,986 |
Short-term lease cost |  |  | 678 |  |  |  | 406 |  |  |  | 870 |  |  |  | 677 |
Variable lease cost |  |  | 134 |  |  |  | 28 |  |  |  | 250 |  |  |  | 55 |
The weighted-average remaining lease term of the Company’s operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows:
Lease Term and Discount Rate: |  | December 31, 2024 |  |  | December 31, 2023 |
Weighted-average remaining lease term (in years) |  |  | 5.0 |  |  |  | 5.8 |
Weighted-average discount rate |  |  | 6.9 | % |  |  | 7.1 | %
The following table presents supplemental cash flow information related to the Company's operating leases (in thousands):
|  | Six Months Ended December 31, |
|  | 2024 |  |  | 2023 |
Cash payments included in the measurement of operating lease liabilities |  | $ | 3,461 |  |  | $ | 3,102 |
ROU assets obtained in exchange for new operating lease liabilities |  |  | (419 | ) |  |  | 501 |
Current operating lease liabilities of $5.1 million and $6.0 million were included in other current liabilities on the Company’s unaudited condensed consolidated balance sheets as of December 31, 2024 and June 30, 2024, respectively. As of December 31, 2024, remaining maturities of operating lease liabilities are as follows (in thousands):
Fiscal Year Ending June 30, |  | Amount |
2025 (remaining 6 months) |  | $ | 3,635 |
2026 |  |  | 5,259 |
2027 |  |  | 4,314 |
2028 |  |  | 4,605 |
2029 |  |  | 5,018 |
2030 and thereafter |  |  | 3,748 |
Total lease payments |  |  | 26,579 |
Less: imputed interest |  |  | (4,067 | )
Present value of operating lease liabilities |  | $ | 22,512 |

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- 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
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