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Leases (Tables)
12 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Components of Lease Expense, Including the Lease Terminations Costs

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

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

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

%

Maturities of Lease Liabilities

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