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Leases (Tables)

9 Months Ended

Mar. 31, 2025

Leases [Abstract]

Schedule of Maturity of Operating Lease Liabilities

Fiscal years ending June 30,		Total Operating Lease Obligations (in thousands)
2025 (remainder of)		$	1,008
2026			3,722
2027			2,417
2028			1,370
2029			739
Thereafter			819
Total minimum lease payments			10,075
Less: amounts representing interest			725
Present value of minimum lease payments			9,350
Less: current portion			3,546
Long-term portion		$	5,804

Schedule of Operating Leases

The table below presents additional information related to the Company’s operating leases (in thousands):

		Nine months ended March 31,								Three months ended March 31,
		2025				2024				2025				2024
Operating lease cost
Operating lease cost (1)		$	2,914			$	3,012			$	993			$	976
Variable lease cost (2)			3,565				3,460				1,101				1,242
Total lease cost		$	6,479			$	6,472			$	2,094			$	2,218

(1) Expenses are classified as selling, general and administrative expenses in the Company’s condensed consolidated statements of operations.

(2) Certain of the Company’s subsidiaries lease space at locations where (i) they install laundry equipment and customers pay for the use of equipment and (ii) the leased space is paid for as part of a revenue sharing arrangement. These expenses are classified within cost of sales in the Company’s condensed consolidated statements of operations.

The table below presents lease-related terms and discount rates as of March 31, 2025:

		March 31, 2025
Weighted average remaining lease terms
Operating leases		3.28 years
Weighted average discount rate
Operating leases		3.88 %

The table below presents supplemental cash flow information related to the Company’s long-term operating lease liabilities for the nine months ended March 31, 2025 and 2024 (in thousands):

		Nine months ended March 31,
		2025				2024
Cash paid for amounts included in the measurement of lease liabilities:		$	2,914			$	3,012
Operating lease right-of-use assets obtained in exchange for operating lease liabilities:		$	2,835			$	2,903

Schedule of Future Minimum Lease Payments Receivable

The future minimum lease payments receivable for sales type leases are as follows (in thousands):

Fiscal years ending June 30,		Total Minimum Lease Payments Receivable				Amortization of Unearned Income				Net Investment in Sales Type Leases
2025 (remainder of)		$	1,440			$	917			$	523
2026			4,857				3,150				1,707
2027			3,831				2,378				1,453
2028			2,808				1,571				1,237
2029			1,843				914				929
Thereafter			2,164				1,033				1,131
										$	6,980	*

* Excludes residual values of $2.8 million.

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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X

- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-10

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