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Leases - (Tables)
9 Months Ended
Mar. 31, 2024
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 March 31,Nine Months Ended March 31,
2024202320242023
Operating leases:
     Fixed rent expense$1,356 $1,385 $4,399 $4,298 
     Variable rent expense307 279 819 757 
Finance lease:
     Amortization of equipment128 128 385 393 
     Interest67 83 214 227 
Short-term leases
     Short-term lease expenses41 133 128 300 
               Total lease expenses$1,899 $2,008 $5,945 $5,975 
Supplemental cash flow information related to the Company’s operating and finance leases is as follows (in thousands):
Nine Months Ended March 31,
20242023
Cash paid from amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$4,804 $4,418 
     Operating cash flows from finance lease$214 $227 
     Financing cash flows from finance lease$644 $603 
Non-cash investing and financing information:
    Operating lease right-of-use assets obtained in exchange for lease obligations$3,954 $2,859 
Schedule of Lease Assets and Liabilities
Supplemental balance sheet information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and discount rate):
March 31, 2024June 30,
2023
Operating Leases:
     ROU assets associated with operating leases$24,421 $24,349 
Finance Lease:
     Property, plant and equipment, gross$5,133 $5,133 
     Accumulated depreciation(1,042)(657)
          Property, plant and equipment, net$4,091 $4,476 
Weighted average remaining lease term (in years)
     Operating leases5.676.57
     Finance lease3.504.25
Weighted average discount rate
     Operating leases4.91 %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 March 31, 2024 (in thousands):
Year ending June 30,Operating LeasesFinance Leases
The remainder of fiscal 2024$1,532 $286 
20255,954 1,144 
20265,109 1,144 
20274,188 1,145 
20283,691 191 
Thereafter8,322 — 
Total minimum lease payments28,796 3,910 
Less amount representing interest(3,788)(471)
Total lease liabilities$25,008 $3,439 
Schedule of Finance Lease Future Minimum Lease Payments (Topic 842)
Future minimum lease payments are as follows as of March 31, 2024 (in thousands):
Year ending June 30,Operating LeasesFinance Leases
The remainder of fiscal 2024$1,532 $286 
20255,954 1,144 
20265,109 1,144 
20274,188 1,145 
20283,691 191 
Thereafter8,322 — 
Total minimum lease payments28,796 3,910 
Less amount representing interest(3,788)(471)
Total lease liabilities$25,008 $3,439