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v3.25.1

Leases | 9 Months Ended
--- | ---
Mar. 31, 2025
Leases [Abstract] |
Leases | LEASES The Company has operating lease obligations primarily for its delivery centers and finance lease obligations primarily for vehicles and other equipment. Leases typically have initial terms of two to 15 years and may include renewal options if the Company is reasonably certain to exercise such options. The components of lease cost are as follows:
| Three Months Ended March 31, | Nine Months Ended March 31,
($000s) | 2025 |  | 2024 |  | 2025 |  | 2024
Operating lease cost: |  |  |  |  |  |  |
Operating lease cost | $ | 5,380 |  |  | $ | 5,045 |  |  | $ | 14,822 |  |  | $ | 14,923 |
Variable lease cost | 754 |  |  | 787 |  |  | 2,233 |  |  | 2,353 |
Short-term lease cost | 105 |  |  | — |  |  | 464 |  |  | — |
Total operating lease cost | $ | 6,239 |  |  | $ | 5,832 |  |  | $ | 17,519 |  |  | $ | 17,276 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right of use assets | $ | 238 |  |  | $ | 147 |  |  | $ | 691 |  |  | $ | 361 |
Interest on lease liabilities | 74 |  |  | 64 |  |  | 234 |  |  | 154 |
Total finance lease cost | $ | 312 |  |  | $ | 211 |  |  | $ | 925 |  |  | $ | 515 |
The following table presents supplemental balance sheet information related to leases:
| March 31, |  | June 30,
($000s) | 2025 |  | 2024
Operating lease assets | $ | 65,726 |  |  | $ | 59,145 |
Operating lease liabilities, current | 14,225 |  |  | 12,051 |
Operating lease liabilities, non-current | 56,944 |  |  | 53,441 |
Total operating lease liabilities | $ | 71,169 |  |  | $ | 65,492 |
Finance lease assets, net | $ | 1,615 |  |  | $ | 1,697 |
Finance lease liabilities, current | $ | 762 |  |  | $ | 660 |
Finance lease liabilities, non-current | 735 |  |  | 867 |
Total finance lease liabilities | $ | 1,497 |  |  | $ | 1,527 |
The following table presents supplemental cash flow information related to leases:
| Nine Months Ended March 31,
($000s) | 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities | $ | 11,269 |  |  | $ | 9,907 |
Operating cash flows paid for interest portion of finance leases | $ | 234 |  |  | $ | 154 |
Financing cash flows paid for principal portion of finance leases | $ | 639 |  |  | $ | 342 |
The following table presents supplemental noncash information related to leases:
| Nine Months Ended March 31,
($000s) | 2025 |  | 2024
Right-of-use assets obtained in exchange for lease obligations |  |  |
Operating leases | $ | 24,377 |  |  | $ | 4,684 |
Finance leases | $ | 547 |  |  | $ | 753 |
Reduction due to reassessment of lease renewal options |  |  |
Right-of-use assets | $ | (2,426) |  |  | $ | (3,656) |
Operating lease liabilities | $ | (2,426) |  |  | $ | (3,689) |
During the nine months ended March 31, 2025, the Company entered into four significant lease agreements and four significant renewals resulting in noncash operating lease additions of $8.1 million and $15.2 million, respectively, compared to one significant renewal resulting in noncash operating lease additions of $4.0 million during the nine months ended March 31, 2024.
| March 31, |  | June 30,
| 2025 |  | 2024
Weighted average remaining lease term (in years) |  |  |
Operating leases | 4.7 |  | 5.1
Finance leases | 2.0 |  | 2.2
Weighted average discount rate |  |  |
Operating leases | 10.4 | % |  | 10.5 | %
Finance leases | 20.6 | % |  | 22.3 | %
The following table presents the maturities of our lease liabilities as of March 31, 2025:
($000s) | Operating Leases |  | Finance Leases
2025-remainder of year | $ | 5,051 |  |  | $ | 266 |
2026 | 19,687 |  |  | 905 |
2027 | 19,128 |  |  | 528 |
2028 | 18,187 |  |  | 96 |
2029 | 15,969 |  |  | — |
Thereafter | 14,036 |  |  | — |
Total undiscounted lease payments | 92,058 |  |  | 1,795 |
Less: liability accretion | (20,889) |  |  | (298) |
Total lease liabilities | $ | 71,169 |  |  | $ | 1,497 |
Leases | LEASES The Company has operating lease obligations primarily for its delivery centers and finance lease obligations primarily for vehicles and other equipment. Leases typically have initial terms of two to 15 years and may include renewal options if the Company is reasonably certain to exercise such options. The components of lease cost are as follows:
| Three Months Ended March 31, | Nine Months Ended March 31,
($000s) | 2025 |  | 2024 |  | 2025 |  | 2024
Operating lease cost: |  |  |  |  |  |  |
Operating lease cost | $ | 5,380 |  |  | $ | 5,045 |  |  | $ | 14,822 |  |  | $ | 14,923 |
Variable lease cost | 754 |  |  | 787 |  |  | 2,233 |  |  | 2,353 |
Short-term lease cost | 105 |  |  | — |  |  | 464 |  |  | — |
Total operating lease cost | $ | 6,239 |  |  | $ | 5,832 |  |  | $ | 17,519 |  |  | $ | 17,276 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right of use assets | $ | 238 |  |  | $ | 147 |  |  | $ | 691 |  |  | $ | 361 |
Interest on lease liabilities | 74 |  |  | 64 |  |  | 234 |  |  | 154 |
Total finance lease cost | $ | 312 |  |  | $ | 211 |  |  | $ | 925 |  |  | $ | 515 |
The following table presents supplemental balance sheet information related to leases:
| March 31, |  | June 30,
($000s) | 2025 |  | 2024
Operating lease assets | $ | 65,726 |  |  | $ | 59,145 |
Operating lease liabilities, current | 14,225 |  |  | 12,051 |
Operating lease liabilities, non-current | 56,944 |  |  | 53,441 |
Total operating lease liabilities | $ | 71,169 |  |  | $ | 65,492 |
Finance lease assets, net | $ | 1,615 |  |  | $ | 1,697 |
Finance lease liabilities, current | $ | 762 |  |  | $ | 660 |
Finance lease liabilities, non-current | 735 |  |  | 867 |
Total finance lease liabilities | $ | 1,497 |  |  | $ | 1,527 |
The following table presents supplemental cash flow information related to leases:
| Nine Months Ended March 31,
($000s) | 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities | $ | 11,269 |  |  | $ | 9,907 |
Operating cash flows paid for interest portion of finance leases | $ | 234 |  |  | $ | 154 |
Financing cash flows paid for principal portion of finance leases | $ | 639 |  |  | $ | 342 |
The following table presents supplemental noncash information related to leases:
| Nine Months Ended March 31,
($000s) | 2025 |  | 2024
Right-of-use assets obtained in exchange for lease obligations |  |  |
Operating leases | $ | 24,377 |  |  | $ | 4,684 |
Finance leases | $ | 547 |  |  | $ | 753 |
Reduction due to reassessment of lease renewal options |  |  |
Right-of-use assets | $ | (2,426) |  |  | $ | (3,656) |
Operating lease liabilities | $ | (2,426) |  |  | $ | (3,689) |
During the nine months ended March 31, 2025, the Company entered into four significant lease agreements and four significant renewals resulting in noncash operating lease additions of $8.1 million and $15.2 million, respectively, compared to one significant renewal resulting in noncash operating lease additions of $4.0 million during the nine months ended March 31, 2024.
| March 31, |  | June 30,
| 2025 |  | 2024
Weighted average remaining lease term (in years) |  |  |
Operating leases | 4.7 |  | 5.1
Finance leases | 2.0 |  | 2.2
Weighted average discount rate |  |  |
Operating leases | 10.4 | % |  | 10.5 | %
Finance leases | 20.6 | % |  | 22.3 | %
The following table presents the maturities of our lease liabilities as of March 31, 2025:
($000s) | Operating Leases |  | Finance Leases
2025-remainder of year | $ | 5,051 |  |  | $ | 266 |
2026 | 19,687 |  |  | 905 |
2027 | 19,128 |  |  | 528 |
2028 | 18,187 |  |  | 96 |
2029 | 15,969 |  |  | — |
Thereafter | 14,036 |  |  | — |
Total undiscounted lease payments | 92,058 |  |  | 1,795 |
Less: liability accretion | (20,889) |  |  | (298) |
Total lease liabilities | $ | 71,169 |  |  | $ | 1,497 |

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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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