XML 55 R34.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Leases (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2024
Leases [Abstract] |
Schedule of Operating and Finance Lease Expense | The components of the Company’s operating and finance lease expenses are as follows for the years presented (in thousands):
|  | Year Ended June 30, 2024 |  | Year Ended June 30, 2023
Operating leases: |  |  |  |
Fixed rent expense |  | $ | 6,268 |  |  | $ | 5,779 |
Variable rent expense |  | 1,095 |  |  | 1,014 |
Finance lease: |  |  |  |
Amortization of equipment |  | 513 |  |  | 522 |
Interest |  | 277 |  |  | 306 |
Short-term leases: |  |  |  |
Short-term lease expenses |  | 161 |  |  | 400 |
Total lease expenses |  | $ | 8,314 |  |  | $ | 8,021 |
Supplemental balance sheet information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and discount rate):
|  | June 30, 2024 |  | June 30, 2023 |
Operating Leases: |  |  |  |  |
ROU assets associated with operating leases |  | $ | 25,050 |  |  | $ | 24,349 |  |
Finance Lease: |  |  |  |  |
Property, plant and equipment, gross |  | $ | 5,133 |  |  | $ | 5,133 |  |
Accumulated depreciation |  | (1,171) |  |  | (657) |  |
Property, plant and equipment, net |  | $ | 3,962 |  |  | $ | 4,476 |  |
Weighted average remaining lease term (in years) |  |  |  |  |
Operating leases |  | 5.54 |  | 6.57 |
Finance lease |  | 3.25 |  | 4.25 |
Weighted average discount rate |  |  |  |  |
Operating leases |  | 4.91 | % |  | 4.67 | % |
Finance lease |  | 7.51 | % |  | 7.51 | % |
Supplemental cash flow information related to the Company’s operating and finance leases is as follows (in thousands):
|  | Year Ended June 30, 2024 |  | Year Ended June 30, 2023
Cash paid from amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 6,330 |  |  | $ | 5,945 |
Operating cash flows from finance lease |  | $ | 277 |  |  | $ | 306 |
Financing cash flows from finance lease |  | $ | 867 |  |  | $ | 810 |
Non-cash investing and financing information: |  |  |  |
Operating lease right-of-use assets obtained in exchange for lease obligations |  | $ | 5,884 |  |  | $ | 5,579 |
Schedule of Operating Lease Liability Maturities | Future minimum lease payments are as follows as of June 30, 2024 (in thousands):
| Operating Leases |  | Finance Leases
2025 | $ | 6,291 |  |  | $ | 1,144 |
2026 | 5,455 |  |  | 1,144 |
2027 | 4,546 |  |  | 1,145 |
2028 | 4,071 |  |  | 191 |
2029 | 3,937 |  |  | — |
Thereafter | 5,136 |  |  | — |
Total minimum lease payments | 29,436 |  |  | 3,624 |
Less amount representing interest | (3,800) |  |  | (407) |
Total lease liabilities | $ | 25,636 |  |  | $ | 3,217 |
Schedule of Finance Lease Liability Maturities | Future minimum lease payments are as follows as of June 30, 2024 (in thousands):
| Operating Leases |  | Finance Leases
2025 | $ | 6,291 |  |  | $ | 1,144 |
2026 | 5,455 |  |  | 1,144 |
2027 | 4,546 |  |  | 1,145 |
2028 | 4,071 |  |  | 191 |
2029 | 3,937 |  |  | — |
Thereafter | 5,136 |  |  | — |
Total minimum lease payments | 29,436 |  |  | 3,624 |
Less amount representing interest | (3,800) |  |  | (407) |
Total lease liabilities | $ | 25,636 |  |  | $ | 3,217 |

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

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

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