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Note 20 - Leases

12 Months Ended

Jun. 30, 2024

20. LEASES

In the normal course of its business, the Company enters into various leases as the lessee, primarily related to certain transportation vehicles, facilities, office space, and machinery and equipment. These leases have remaining lease terms between one and fifty-five years, some of which may include options to extend the leases or options to terminate the leases. Some lease arrangements require variable payments that are dependent on usage, output, or index-based adjustments.

Amounts recorded in the Company's Consolidated Balance Sheet and Statement of Operations related to leases are as follows (in thousands):

	*June 30, 2024*		*June 30, 2023*
Assets
Operating lease right-of-use-asset	$	37,078	$	33,273

Liabilities
Current accrued liabilities	$	8,289	$	8,036
Operating lease long-term liabilities		30,725		25,774
Total lease liability	$	39,014	$	33,810

Lease cost

The components of lease costs are as follows (in thousands):

	*Year Ended*		*Year Ended*
	*June 30, 2024*		*June 30, 2023*
Operating lease cost	$	11,477	$	10,391
Variable lease cost		1,270		1,365
Net lease cost	$	12,747	$	11,756

Maturity of lease liability

The maturity of the Company's lease liabilities included in continuing operations at June 30, 2024 were as follows (in thousands):

	*Operating Leases*

2025	$	9,596
2026		8,019
2027		7,025
2028		5,574
2029		4,327
After 2029		9,937
Less: interest		(5,464	)
Present value of lease liabilities	$	39,014

The weighted average remaining lease term and discount rates are as follows:

Lease Term and Discount Rate	*June 30, 2024*
Weighted average remaining lease term (years)		6.59

Weighted average discount rate (percentage)		3.94	%

Other Information

Supplemental cash flow information related to leases is as follows:

	*Year Ended*		*Year Ended*
	*June 30, 2024*		*June 30, 2023*
Operating cash outflows from operating leases	$	11,204	$	9,553