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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)2025202420252024
Operating lease cost:
Operating lease cost$5,380 $5,045 $14,822 $14,923 
Variable lease cost754 787 2,233 2,353 
Short-term lease cost105 — 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 liabilities74 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)20252024
Operating lease assets$65,726 $59,145 
Operating lease liabilities, current14,225 12,051 
Operating lease liabilities, non-current56,944 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-current735 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)20252024
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)20252024
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,
20252024
Weighted average remaining lease term (in years)
Operating leases4.75.1
Finance leases2.02.2
Weighted average discount rate
Operating leases10.4 %10.5 %
Finance leases20.6 %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 
202619,687 905 
202719,128 528 
202818,187 96 
202915,969 — 
Thereafter14,036 — 
Total undiscounted lease payments92,058 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)2025202420252024
Operating lease cost:
Operating lease cost$5,380 $5,045 $14,822 $14,923 
Variable lease cost754 787 2,233 2,353 
Short-term lease cost105 — 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 liabilities74 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)20252024
Operating lease assets$65,726 $59,145 
Operating lease liabilities, current14,225 12,051 
Operating lease liabilities, non-current56,944 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-current735 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)20252024
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)20252024
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,
20252024
Weighted average remaining lease term (in years)
Operating leases4.75.1
Finance leases2.02.2
Weighted average discount rate
Operating leases10.4 %10.5 %
Finance leases20.6 %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 
202619,687 905 
202719,128 528 
202818,187 96 
202915,969 — 
Thereafter14,036 — 
Total undiscounted lease payments92,058 1,795 
Less: liability accretion(20,889)(298)
Total lease liabilities$71,169 $1,497