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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,
20252024
Operating leases:
     Fixed rent expense$1,629 $1,737 
     Variable rent expense270 270 
Finance lease:
     Amortization of equipment128 128 
     Interest41 59 
Short-term leases
     Short-term lease expenses46 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, 2025June 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 leases4.595.00
     Finance lease2.002.25
Weighted average discount rate
     Operating leases4.91 %4.88 %
     Finance lease7.51 %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,
20252024
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 LeasesFinance Leases
The remainder of fiscal 2026
$5,186 $858 
2027
6,660 1,144 
2028
6,161 191 
2029
4,519 — 
2030
3,472 — 
Thereafter1,878 — 
Total minimum lease payments27,876 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,
20252024
Operating leases:
     Fixed rent expense$1,629 $1,737 
     Variable rent expense270 270 
Finance lease:
     Amortization of equipment128 128 
     Interest41 59 
Short-term leases
     Short-term lease expenses46 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, 2025June 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 leases4.595.00
     Finance lease2.002.25
Weighted average discount rate
     Operating leases4.91 %4.88 %
     Finance lease7.51 %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,
20252024
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 LeasesFinance Leases
The remainder of fiscal 2026
$5,186 $858 
2027
6,660 1,144 
2028
6,161 191 
2029
4,519 — 
2030
3,472 — 
Thereafter1,878 — 
Total minimum lease payments27,876 2,193 
Less amount representing interest(2,945)(156)
Total lease liabilities$24,931 $2,037