XML 50 R23.htm IDEA: XBRL DOCUMENT
v3.25.2

Leases | 12 Months Ended
--- | ---
Jun. 30, 2025
Lessee Disclosure [Abstract] |
Lessee, Operating Leases | We lease certain machinery and plant equipment, office space, and production and warehouse facilities under non-cancelable operating leases that expire on various dates through 2037. Our finance leases primarily relate to machinery and plant equipment. Over the past three years, we continually assessed our leased real estate footprint as a facet of our evolving remote-first operating model for many of our employees, which resulted in a decrease to our leased real estate portfolio over this period of time. The following table presents the classification of right-of-use assets and lease liabilities as of June 30, 2025 and 2024.
Leases |  | Consolidated Balance Sheet Classification |  | June 30, 2025 |  | June 30, 2024
Assets: |  |  |  |  |  |
Operating right-of-use assets |  | Operating lease assets, net |  | $ | 83,951 |  |  | $ | 78,681 |
Finance right-of-use assets |  | Property, plant, and equipment, net |  | 30,345 |  |  | 26,025 |
Total lease assets |  |  |  | $ | 114,296 |  |  | $ | 104,706 |
Liabilities: |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating lease liabilities |  | Operating lease liabilities, current |  | $ | 22,064 |  |  | $ | 19,634 |
Finance lease liabilities |  | Other current liabilities |  | 9,121 |  |  | 8,323 |
Non-current: |  |  |  |  |  |
Operating lease liabilities |  | Operating lease liabilities, non-current |  | 66,196 |  |  | 61,895 |
Finance lease liabilities |  | Other liabilities |  | 24,501 |  |  | 28,037 |
Total lease liabilities |  |  |  | $ | 121,882 |  |  | $ | 117,889 |
The following table represents the lease expenses for the years ended June 30, 2025, 2024, and 2023:
|  | Year Ended June 30,
|  | 2025 |  | 2024 |  | 2023
Operating lease expense |  | $ | 25,648 |  |  | $ | 25,844 |  |  | $ | 30,240 |
Finance lease expense: |  |  |  |  |  |
Amortization of finance lease assets |  | 5,791 |  |  | 5,300 |  |  | 4,565 |
Interest on lease liabilities |  | 221 |  |  | 226 |  |  | 205 |
Variable lease expense |  | 6,181 |  |  | 5,614 |  |  | 6,821 |
Less: sublease income |  | (951) |  |  | (904) |  |  | (833) |
Net operating and finance lease cost |  | $ | 36,890 |  |  | $ | 36,080 |  |  | $ | 40,998 |
Future minimum lease payments under non-cancelable leases as of June 30, 2025 were as follows:
Payments Due by Period |  | Operating lease obligations |  | Finance lease obligations |  | Total lease obligations
Less than 1 year |  | $ | 26,245 |  |  | $ | 10,332 |  |  | $ | 36,577 |
2 years |  | 20,870 |  |  | 7,696 |  |  | 28,566 |
3 years |  | 16,661 |  |  | 5,155 |  |  | 21,816 |
4 years |  | 12,456 |  |  | 4,307 |  |  | 16,763 |
5 years |  | 8,282 |  |  | 3,114 |  |  | 11,396 |
Thereafter |  | 18,877 |  |  | 10,782 |  |  | 29,659 |
Total |  | 103,391 |  |  | 41,386 |  |  | 144,777 |
Less: present value discount |  | (15,131) |  |  | (7,764) |  |  | (22,895) |
Lease liability |  | $ | 88,260 |  |  | $ | 33,622 |  |  | $ | 121,882 |
Our leases have remaining lease terms of 1 year to 15 years, inclusive of renewal or termination options that we are reasonably certain to exercise.
|  | Year Ended June 30,
Supplemental Cash Flow Information |  | 2025 |  | 2024 |  | 2023
Cash paid for amounts included in measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 24,956 |  |  | $ | 25,015 |  |  | $ | 31,161 |
Operating cash flows from finance leases |  | 221 |  |  | 226 |  |  | 205 |
Financing cash flows from finance leases |  | 7,833 |  |  | 10,140 |  |  | 8,290 |
Other information about leases is as follows:
Lease Term and Discount Rate |  | June 30, 2025 |  | June 30, 2024
Weighted-average remaining lease term (years): |  |  |  |
Operating leases |  | 5.72 |  | 5.90
Finance leases |  | 7.19 |  | 7.96
Weighted-average discount rate: |  |  |  |
Operating leases |  | 6.09 | % |  | 5.70 | %
Finance leases |  | 7.49 | % |  | 7.04 | %

X
- References No definition available. + Details
Name: | us-gaap_LesseeDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration