Leases

9 Months Ended

Mar. 31, 2026

10. Leases

The Company has operating leases primarily for its office facilities. The leases expire at various dates through fiscal year 2032, some of which include options to renew, with renewal terms of up to 5 years.

The components of lease expense were as follows (in thousands):


	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2026		2025		2026		2025
Operating lease expense	$	838	$	959	$	2,489	$	2,774
Short-term lease expense		189		157		578		652
Variable lease expense (1)		65		34		204		143
Total lease expense	$	1,092	$	1,150	$	3,271	$	3,569

(1) Variable lease expense is primarily composed of common area maintenance charges.

Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate):


	Nine Months Ended
	March 31,
	2026			2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$	2,363		$	2,581

Lease liabilities arising from obtaining right-of-use assets
Operating leases	$	404		$	2,525

Weighted average remaining lease term - operating leases	3.3 years			4.1 years
Weighted average discount rate - operating leases		7.3	%		7.3	%

Maturities of operating lease liabilities as of March 31, 2026 were as follows (in thousands):


Fiscal Year Ending June 30,	Amount
2026 (remaining three months)	$	860
2027		3,367
2028		3,421
2029		2,175
2030		957
Thereafter		146
Total minimum lease payments	$	10,926
Less imputed interest		(2,512	)
Present value of net minimum lease payments	$	8,414
Operating lease liabilities:
Current (included in Accrued Liabilities)	$	2,787
Noncurrent		5,627
Total	$	8,414