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Leases (Tables) | 12 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Summary of ROU Assets and Lease Liabilities | The following table summarizes the ROU assets and lease liabilities recorded on the Company’s consolidated balance sheets as of June 30, 2024 and 2023:
|  |  |  | As of |  |
|  |  |  | June 30, 2024 |  | June 30, 2023 |  |
ROU assets |  |  |  | $ | 106,468 |  |  | $ | 84,912 |  |  |
Lease liabilities: |  |  |  |  |  |  |  |
Operating leases, current |  |  |  | 18,548 |  |  | 10,127 |  |  |
Operating leases, non-current |  |  |  | 128,022 |  |  | 110,259 |  |  |
Total lease liabilities |  |  |  | $ | 146,570 |  |  | $ | 120,386 |  |  |
Lease, Cost | The following table summarizes the activity recorded within the Company’s consolidated statements of operations for Fiscal Years 2024, 2023 and 2022:
|  | Line Item in the Company’s Consolidated Statements of Operations |  | Years Ended June 30, |  |
|  |  | 2024 |  | 2023 |  | 2022 |  |
Operating lease cost |  | Direct operating expenses |  | $ | 3,984 |  |  | $ | 1,676 |  |  | $ | 1,287 |  |  |
Operating lease cost |  | Selling, general and administrative expenses |  | 14,549 |  |  | 15,925 |  |  | 16,977 |  |  |
Variable lease cost |  | Direct operating expenses |  | 1,740 |  |  | — |  |  | — |  |  |
Variable lease cost |  | Selling, general and administrative expenses |  | 28 |  |  | 1 |  |  | 20 |  |  |
Total lease cost |  | $ | 20,301 |  |  | $ | 17,602 |  |  | $ | 18,284 |  |  |
Supplemental cash flow information related to operating leases is as follows:
|  | Years Ended June 30, |  |
|  | 2024 |  | 2023 |  | 2022 |  |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 19,000 |  |  | $ | 12,332 |  |  | $ | 14,400 |  |  |
Lease assets obtained in exchange for new lease obligations |  | 33,900 |  |  | 6,435 |  |  | 43,834 |  |  |
Operating Lease Maturity Schedule | Maturities of operating lease liabilities are as follows:
|  | As of June 30, 2024
Fiscal year ending June 30, 2025 |  | $ | 19,555 |
Fiscal year ending June 30, 2026 |  | 19,438 |
Fiscal year ending June 30, 2027 |  | 15,866 |
Fiscal year ending June 30, 2028 |  | 16,020 |
Fiscal year ending June 30, 2029 |  | 16,574 |
Thereafter |  | 118,613 |
Total lease payments |  | 206,066 |
Less imputed interest |  | 59,496 |
Total lease liabilities |  | $ | 146,570 |
The weighted average remaining lease term and weighted average discount rate for our operating leases as of June 30, 2024 and 2023 were as follows:
|  | As of |  |
|  | June 30, 2024 |  | June 30, 2023 |  |
Weighted average remaining lease term (in years) |  | 11.4 |  | 12.1 |  |
Weighted average discount rate |  | 5.89 | % |  | 5.38 | % |  |
Lessor, Operating Lease, Payment to be Received, Maturity | The following table summarizes the Company’s sublease revenues for Fiscal Years 2024, 2023 and 2022:
|  | Years Ended June 30,
|  | 2024 |  | 2023 |  | 2022
Sublease arrangements |  | $ | 3,028 |  |  | $ | 2,610 |  |  | $ | 1,900 |
The maturities of operating lease cash flows to be received on an undiscounted basis for non-cancelable subleases are as follows:
|  | As of June 30, 2024
Fiscal year ending June 30, 2025 |  | $ | 2,813 |
Fiscal year ending June 30, 2026 |  | 2,084 |
Total future minimum receipts |  | $ | 4,897 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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