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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

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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

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- References

No definition available.

+ Details

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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

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