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v3.25.3

Leases | 3 Months Ended
--- | ---
Sep. 30, 2025
Leases [Abstract] |
Leases | Leases The Company evaluates contracts for lease accounting at contract inception and assesses lease classification at the lease commencement date. The finance lease is related to the $5.1 million of a machinery lease financing with a vendor. The Company does not record leases on the Condensed Consolidated Balance Sheets with a term of one year or less. 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, |  |
| 2025 |  | 2024 |  |  |  |
Operating leases: |  |  |  |  |  |  |
Fixed rent expense | $ | 1,629 |  |  | $ | 1,737 |  |  |  |  |
Variable rent expense | 270 |  |  | 270 |  |  |  |  |
Finance lease: |  |  |  |  |  |  |
Amortization of equipment | 128 |  |  | 128 |  |  |  |  |
Interest | 41 |  |  | 59 |  |  |  |  |
Short-term leases |  |  |  |  |  |  |
Short-term lease expenses | 46 |  |  | 32 |  |  |  |  |
Total lease expenses | $ | 2,114 |  |  | $ | 2,226 |  |  |  |  |
Supplemental balance sheet information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and discount rate):
| September 30, 2025 |  | June 30, 2025
Operating Leases: |  |  |
Right-of-use assets associated with operating leases | $ | 24,212 |  |  | $ | 21,288 |
Finance Lease: |  |  |
Property, plant and equipment, gross | $ | 5,133 |  |  | $ | 5,133 |
Accumulated depreciation | (1,812) |  |  | (1,684) |
Property, plant and equipment, net | $ | 3,321 |  |  | $ | 3,449 |
Weighted average remaining lease term (in years) |  |  |
Operating leases | 4.59 |  | 5.00
Finance lease | 2.00 |  | 2.25
Weighted average discount rate |  |  |
Operating leases | 4.91 | % |  | 4.88 | %
Finance lease | 7.51 | % |  | 7.51 | %
Supplemental cash flow information related to the Company’s operating and finance leases is as follows (in thousands):
| Three Months Ended September 30,
| 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 1,557 |  |  | $ | 1,607 |
Operating cash flows from finance lease | $ | 41 |  |  | $ | 59 |
Financing cash flows from finance lease | $ | 245 |  |  | $ | 227 |
Non-cash investing and financing information: |  |  |
Operating lease right-of-use assets obtained in exchange for lease obligations | $ | 4,430 |  |  | $ | 832 |
Future minimum lease payments are as follows as of September 30, 2025 (in thousands):
Year ending June 30, | Operating Leases |  | Finance Leases
The remainder of fiscal 2026 | $ | 5,186 |  |  | $ | 858 |
2027 | 6,660 |  |  | 1,144 |
2028 | 6,161 |  |  | 191 |
2029 | 4,519 |  |  | — |
2030 | 3,472 |  |  | — |
Thereafter | 1,878 |  |  | — |
Total minimum lease payments | 27,876 |  |  | 2,193 |
Less amount representing interest | (2,945) |  |  | (156) |
Total lease liabilities | $ | 24,931 |  |  | $ | 2,037 |
Leases | Leases The Company evaluates contracts for lease accounting at contract inception and assesses lease classification at the lease commencement date. The finance lease is related to the $5.1 million of a machinery lease financing with a vendor. The Company does not record leases on the Condensed Consolidated Balance Sheets with a term of one year or less. 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, |  |
| 2025 |  | 2024 |  |  |  |
Operating leases: |  |  |  |  |  |  |
Fixed rent expense | $ | 1,629 |  |  | $ | 1,737 |  |  |  |  |
Variable rent expense | 270 |  |  | 270 |  |  |  |  |
Finance lease: |  |  |  |  |  |  |
Amortization of equipment | 128 |  |  | 128 |  |  |  |  |
Interest | 41 |  |  | 59 |  |  |  |  |
Short-term leases |  |  |  |  |  |  |
Short-term lease expenses | 46 |  |  | 32 |  |  |  |  |
Total lease expenses | $ | 2,114 |  |  | $ | 2,226 |  |  |  |  |
Supplemental balance sheet information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and discount rate):
| September 30, 2025 |  | June 30, 2025
Operating Leases: |  |  |
Right-of-use assets associated with operating leases | $ | 24,212 |  |  | $ | 21,288 |
Finance Lease: |  |  |
Property, plant and equipment, gross | $ | 5,133 |  |  | $ | 5,133 |
Accumulated depreciation | (1,812) |  |  | (1,684) |
Property, plant and equipment, net | $ | 3,321 |  |  | $ | 3,449 |
Weighted average remaining lease term (in years) |  |  |
Operating leases | 4.59 |  | 5.00
Finance lease | 2.00 |  | 2.25
Weighted average discount rate |  |  |
Operating leases | 4.91 | % |  | 4.88 | %
Finance lease | 7.51 | % |  | 7.51 | %
Supplemental cash flow information related to the Company’s operating and finance leases is as follows (in thousands):
| Three Months Ended September 30,
| 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 1,557 |  |  | $ | 1,607 |
Operating cash flows from finance lease | $ | 41 |  |  | $ | 59 |
Financing cash flows from finance lease | $ | 245 |  |  | $ | 227 |
Non-cash investing and financing information: |  |  |
Operating lease right-of-use assets obtained in exchange for lease obligations | $ | 4,430 |  |  | $ | 832 |
Future minimum lease payments are as follows as of September 30, 2025 (in thousands):
Year ending June 30, | Operating Leases |  | Finance Leases
The remainder of fiscal 2026 | $ | 5,186 |  |  | $ | 858 |
2027 | 6,660 |  |  | 1,144 |
2028 | 6,161 |  |  | 191 |
2029 | 4,519 |  |  | — |
2030 | 3,472 |  |  | — |
Thereafter | 1,878 |  |  | — |
Total minimum lease payments | 27,876 |  |  | 2,193 |
Less amount representing interest | (2,945) |  |  | (156) |
Total lease liabilities | $ | 24,931 |  |  | $ | 2,037 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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