XML 37 R27.htm IDEA: XBRL DOCUMENT v3.23.3
Leases - (Tables)
 3 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Components of Operating and Finance Lease Costs The components of the Company’s operating and finance lease expenses are as follows for the periods presented (in thousands):
Three Months Ended September 30,
20232022
Operating leases:
     Fixed rent expense$2,437 $1,413 
     Variable rent expense252 237 
Finance lease:
     Amortization of equipment128 137 
     Interest75 57 
Short-term leases
     Short-term lease expenses40 80 
               Total lease expenses$2,932 $1,924 
Supplemental cash flow information related to the Company’s operating and finance lease is as follows (in thousands):
Three Months Ended September 30,
20232022
Cash paid from amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$1,590 $1,487 
     Operating cash flows from finance lease$75 $57 
     Financing cash flows from finance lease$211 $201 
Non-cash investing and financing information:
    Operating lease right-of-use assets obtained in exchange for lease obligations$3,588 $1,924 
Schedule of Lease Assets and Liabilities
Supplemental balance sheets information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and discount rate):
September 30,
2023		June 30,
2023
Operating Leases:
     ROU assets associated with operating leases$26,582 $24,349 
Finance Lease:
     Property, plant and equipment, gross$5,133 $5,133 
     Accumulated depreciation(786)(657)
          Property, plant and equipment, net$4,347 $4,476 
Weighted average remaining lease term (in years)
     Operating leases6.026.57
     Finance lease4.004.25
Weighted average discount rate
     Operating leases4.92 %4.67 %
     Finance lease7.51 %7.51 %
Schedule of Operating Lease Future Minimum Lease Payments (Topic 842) Future minimum lease payments are as follows as of September 30, 2023 (in thousands):
Year ending June 30,Operating LeasesFinance Leases
The remainder of fiscal 2024$4,698 $858 
20255,797 1,144 
20264,959 1,144 
20274,073 1,145 
20283,684 191 
Thereafter8,297 — 
Total minimum lease payments31,508 4,482 
Less amount representing interest(4,376)(609)
Total lease liabilities$27,132 $3,873 
Schedule of Finance Lease Future Minimum Lease Payments (Topic 842) Future minimum lease payments are as follows as of September 30, 2023 (in thousands):
Year ending June 30,Operating LeasesFinance Leases
The remainder of fiscal 2024$4,698 $858 
20255,797 1,144 
20264,959 1,144 
20274,073 1,145 
20283,684 191 
Thereafter8,297 — 
Total minimum lease payments31,508 4,482 
Less amount representing interest(4,376)(609)
Total lease liabilities$27,132 $3,873