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Leases - (Tables)
6 Months Ended
Dec. 31, 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 December 31,Six Months Ended December 31,
2023202220232022
Operating leases:
     Fixed rent expense$1,485 $1,500 $3,042 $2,913 
     Variable rent expense260 241 511 478 
Finance lease:
     Amortization of equipment129 128 257 265 
     Interest72 87 147 144 
Short-term leases
     Short-term lease expenses47 87 87 167 
               Total lease expenses$1,993 $2,043 $4,044 $3,967 
Supplemental cash flow information related to the Company’s operating and finance lease is as follows (in thousands):
Six Months Ended December 31,
20232022
Cash paid from amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$3,190 $2,934 
     Operating cash flows from finance lease$147 $144 
     Financing cash flows from finance lease$426 $400 
Non-cash investing and financing information:
    Operating lease right-of-use assets obtained in exchange for lease obligations$3,588 $2,210 
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):
December 31, 2023June 30,
2023
Operating Leases:
     ROU assets associated with operating leases$25,416 $24,349 
Finance Lease:
     Property, plant and equipment, gross$5,133 $5,133 
     Accumulated depreciation(914)(657)
          Property, plant and equipment, net$4,219 $4,476 
Weighted average remaining lease term (in years)
     Operating leases5.866.57
     Finance lease3.754.25
Weighted average discount rate
     Operating leases4.90 %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 December 31, 2023 (in thousands):
Year ending June 30,Operating LeasesFinance Leases
The remainder of fiscal 2024$3,167 $572 
20255,898 1,144 
20265,031 1,144 
20274,111 1,145 
20283,705 191 
Thereafter8,371 — 
Total minimum lease payments30,283 4,196 
Less amount representing interest(4,106)(538)
Total lease liabilities$26,177 $3,658 
Schedule of Finance Lease Future Minimum Lease Payments (Topic 842)
Future minimum lease payments are as follows as of December 31, 2023 (in thousands):
Year ending June 30,Operating LeasesFinance Leases
The remainder of fiscal 2024$3,167 $572 
20255,898 1,144 
20265,031 1,144 
20274,111 1,145 
20283,705 191 
Thereafter8,371 — 
Total minimum lease payments30,283 4,196 
Less amount representing interest(4,106)(538)
Total lease liabilities$26,177 $3,658