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Leases | 12 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Leases | NO TE 5 – LEASES The Company has finance leases for equipment, and operating leases for office space, warehouse space, and other equipment with lease terms expiring at various dates through October 2034. During the year ended June 30, 2025, the Company recorded lease termination costs of $1,491 for exiting an existing warehouse facility prior to the conclusion of the lease term and relocating to a larger facility in British Columbia to expand its existing operations. The components of lease expense, including the lease terminations costs, are as follows:
| Year Ended June 30, |
(In thousands) | 2025 |  |  | 2024 |
Operating lease cost | $ | 16,186 |  |  | $ | 14,357 |
Finance leases: |  |  |  |  |
Amortization of leased assets |  | 605 |  |  |  | 575 |
Interest on lease liabilities |  | 86 |  |  |  | 67 |
Total finance lease cost | $ | 691 |  |  | $ | 642 |
Supplemental cash flow information related to leases are as follows:
| Year Ended June 30, |
(In thousands) | 2025 |  |  | 2024 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows paid for operating leases | $ | 12,333 |  |  | $ | 11,096 |
Operating cash flows paid for interest portion of finance leases |  | 86 |  |  |  | 67 |
Financing cash flows paid for principal portion of finance leases |  | 917 |  |  |  | 612 |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |  |  |
Operating leases | $ | 17,290 |  |  | $ | 6,277 |
Finance leases |  | 848 |  |  |  | 449 |
Supplemental balance sheet information related to leases are as follows:
| Year Ended June 30, |
(In thousands) | 2025 |  |  | 2024 |
Operating leases: |  |  |  |  |
Operating lease right-of-use assets | $ | 55,066 |  |  | $ | 49,850 |
Current portion of operating lease liabilities |  | 12,741 |  |  |  | 11,629 |
Operating lease liabilities, net of current portion |  | 49,245 |  |  |  | 45,026 |
Total operating lease liabilities | $ | 61,986 |  |  | $ | 56,655 |
Finance leases: |  |  |  |  |
Property, technology, and equipment, net | $ | 1,212 |  |  | $ | 1,236 |
Current portion of finance lease liabilities |  | 282 |  |  |  | 643 |
Finance lease liabilities, net of current portion |  | 969 |  |  |  | 677 |
Total finance lease liabilities | $ | 1,251 |  |  | $ | 1,320 |
Weighted average remaining lease term: |  |  |  |  |
Operating leases | 6.1 years |  |  | 5.7 years |
Finance leases | 4.1 years |  |  | 3.3 years |
Weighted average discount rate: |  |  |  |  |
Operating leases |  | 5.82 | % |  |  | 5.52 | %
Finance leases |  | 6.12 | % |  |  | 5.62 | %
As of June 30, 2025, maturities of lease liabilities for each of the next five fiscal years ending June 30 and thereafter are as follows:
(In thousands) | Operating |  |  | Finance |
2026 | $ | 15,931 |  |  | $ | 349 |
2027 |  | 14,414 |  |  |  | 296 |
2028 |  | 9,957 |  |  |  | 282 |
2029 |  | 6,932 |  |  |  | 271 |
2030 |  | 6,578 |  |  |  | 184 |
Thereafter |  | 21,141 |  |  |  | 55 |
Total lease payments |  | 74,953 |  |  |  | 1,437 |
Less imputed interest |  | (12,967 | ) |  |  | (185 | )
Total lease liabilities | $ | 61,986 |  |  | $ | 1,251 |

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- References No definition available. + Details
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