Leases

3 Months Ended

Sep. 30, 2025

NOTE 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.

The components of lease expense are as follows:


	Three Months Ended September 30,
(In thousands)	2025		2024
Operating lease cost	$	4,213	$	3,518

Finance leases:
Amortization of leased assets		77		151
Interest on lease liabilities		18		17

Total finance lease cost	$	95	$	168

Supplemental cash flow information related to leases are as follows:


	Three Months Ended September 30,
(In thousands)	2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	3,435	$	2,830
Operating cash flows paid for interest portion of finance leases		18		17
Financing cash flows paid for principal portion of finance leases		71		158

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	3,497	$	796

Supplemental balance sheet information related to leases are as follows:


	September 30,			June 30,
(In thousands)	2025			2025
Operating leases:
Operating lease right-of-use assets	$	54,550		$	55,066

Current portion of operating lease liabilities		12,916			12,741
Operating lease liabilities, net of current portion		48,087			49,245

Total operating lease liabilities	$	61,003		$	61,986

Finance leases:
Property, technology, and equipment, net	$	1,135		$	1,212

Current portion of finance lease liabilities		272			282
Finance lease liabilities, net of current portion		909			969

Total finance lease liabilities	$	1,181		$	1,251

Weighted average remaining lease term:
Operating leases	5.9 years			6.1 years
Finance leases	4.5 years			4.6 years

Weighted average discount rate:
Operating leases		5.85	%		5.82	%
Finance leases		6.12	%		6.12	%

As of September 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 (Remaining)	$	12,096		$	260
2027		15,171			296
2028		10,794			282
2029		7,632			271
2030		6,765			184
Thereafter		20,854			55

Total lease payments		73,312			1,348

Less imputed interest		(12,309	)		(167	)

Total lease liabilities	$	61,003		$	1,181