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v3.23.1

LEASES | 9 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
LEASES | LEASES The components of lease expenses for the three and nine months ended March 31, 2023 were as follows:
| Three Months Ended |  | Nine Months Ended
| March 31, 2023 |  | March 31, 2022 |  | March 31, 2023 |  | March 31, 2022
Operating lease expenses | $ | 6,657 |  |  | $ | 4,155 |  |  | $ | 13,869 |  |  | $ | 11,572 |
Finance lease expenses | 48 |  |  | 50 |  |  | 188 |  |  | 187 |
Variable lease expenses | 207 |  |  | 129 |  |  | 556 |  |  | 838 |
Short-term lease expenses | 726 |  |  | 813 |  |  | 1,612 |  |  | 2,855 |
Total lease expenses | $ | 7,638 |  |  | $ | 5,147 |  |  | $ | 16,225 |  |  | $ | 15,452 |
Supplemental balance sheet information related to leases was as follows:
Leases |  | Classification |  | March 31, 2023 |  | June 30, 2022
Assets |  |  |  |  |  |
Operating lease ROU assets, net |  | Operating lease right-of-use assets, net |  | $ | 98,306 |  |  | $ | 114,691 |
Finance lease ROU assets, net |  | Property, plant and equipment, net |  | 312 |  | 413 |
Total leased assets |  |  |  | $ | 98,618 |  |  | $ | 115,104 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Accrued expenses and other current liabilities |  | $ | 10,827 |  |  | $ | 13,154 |
Finance |  | Current portion of long-term debt |  | 84 |  |  | 149 |
Non-current |  |  |  |  |  |
Operating |  | Operating lease liabilities, noncurrent portion |  | 91,885 |  |  | 107,481 |
Finance |  | Long-term debt, less current portion |  | 243 |  |  | 278 |
Total lease liabilities |  |  |  | $ | 103,039 |  |  | $ | 121,062 |
Additional information related to leases is as follows:
| Nine Months Ended
| March 31, 2023 |  | March 31, 2022
Supplemental cash flow information |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 12,299 |  |  | $ | 11,632 |
Operating cash flows from finance leases | $ | 12 |  |  | $ | 16 |
Financing cash flows from finance leases | $ | 137 |  |  | $ | 182 |
ROU assets obtained in exchange for lease obligations: |  |  |
Operating leases(1) | $ | (2,740) |  |  | $ | 8,198 |
Finance leases | $ | 60 |  |  | $ | 251 |
Weighted average remaining lease term: |  |  |
Operating leases | 10.5 years |  | 9.0 years
Finance leases | 4.1 years |  | 4.2 years
Weighted average discount rate: |  |  |
Operating leases | 4.7 | % |  | 3.3 | %
Finance leases | 4.5 | % |  | 4.0 | %
(1) Includes adjustment for modification of an operating lease during the nine months ended March 31, 2023 which resulted in a reduction of ROU assets and lease liabilities of $13,876 and $17,244 respectively, and recognition of a gain of $3,368 related to the modification. Maturities of lease liabilities as of March 31, 2023 were as follows:
Fiscal Year | Operating leases |  | Finance leases |  | Total
2023 (remainder of year) | $ | 3,818 |  |  | $ | 25 |  |  | $ | 3,843 |
2024 | 15,038 |  |  | 95 |  |  | 15,133 |
2025 | 12,755 |  |  | 93 |  |  | 12,848 |
2026 | 12,072 |  |  | 68 |  |  | 12,140 |
2027 | 11,772 |  |  | 53 |  |  | 11,825 |
Thereafter | 77,724 |  |  | 25 |  |  | 77,749 |
Total lease payments | 133,179 |  |  | 359 |  |  | 133,538 |
Less: Imputed interest | 30,467 |  |  | 32 |  |  | 30,499 |
Total lease liabilities | $ | 102,712 |  |  | $ | 327 |  |  | $ | 103,039 |
LEASES | LEASES The components of lease expenses for the three and nine months ended March 31, 2023 were as follows:
| Three Months Ended |  | Nine Months Ended
| March 31, 2023 |  | March 31, 2022 |  | March 31, 2023 |  | March 31, 2022
Operating lease expenses | $ | 6,657 |  |  | $ | 4,155 |  |  | $ | 13,869 |  |  | $ | 11,572 |
Finance lease expenses | 48 |  |  | 50 |  |  | 188 |  |  | 187 |
Variable lease expenses | 207 |  |  | 129 |  |  | 556 |  |  | 838 |
Short-term lease expenses | 726 |  |  | 813 |  |  | 1,612 |  |  | 2,855 |
Total lease expenses | $ | 7,638 |  |  | $ | 5,147 |  |  | $ | 16,225 |  |  | $ | 15,452 |
Supplemental balance sheet information related to leases was as follows:
Leases |  | Classification |  | March 31, 2023 |  | June 30, 2022
Assets |  |  |  |  |  |
Operating lease ROU assets, net |  | Operating lease right-of-use assets, net |  | $ | 98,306 |  |  | $ | 114,691 |
Finance lease ROU assets, net |  | Property, plant and equipment, net |  | 312 |  | 413 |
Total leased assets |  |  |  | $ | 98,618 |  |  | $ | 115,104 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Accrued expenses and other current liabilities |  | $ | 10,827 |  |  | $ | 13,154 |
Finance |  | Current portion of long-term debt |  | 84 |  |  | 149 |
Non-current |  |  |  |  |  |
Operating |  | Operating lease liabilities, noncurrent portion |  | 91,885 |  |  | 107,481 |
Finance |  | Long-term debt, less current portion |  | 243 |  |  | 278 |
Total lease liabilities |  |  |  | $ | 103,039 |  |  | $ | 121,062 |
Additional information related to leases is as follows:
| Nine Months Ended
| March 31, 2023 |  | March 31, 2022
Supplemental cash flow information |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 12,299 |  |  | $ | 11,632 |
Operating cash flows from finance leases | $ | 12 |  |  | $ | 16 |
Financing cash flows from finance leases | $ | 137 |  |  | $ | 182 |
ROU assets obtained in exchange for lease obligations: |  |  |
Operating leases(1) | $ | (2,740) |  |  | $ | 8,198 |
Finance leases | $ | 60 |  |  | $ | 251 |
Weighted average remaining lease term: |  |  |
Operating leases | 10.5 years |  | 9.0 years
Finance leases | 4.1 years |  | 4.2 years
Weighted average discount rate: |  |  |
Operating leases | 4.7 | % |  | 3.3 | %
Finance leases | 4.5 | % |  | 4.0 | %
(1) Includes adjustment for modification of an operating lease during the nine months ended March 31, 2023 which resulted in a reduction of ROU assets and lease liabilities of $13,876 and $17,244 respectively, and recognition of a gain of $3,368 related to the modification. Maturities of lease liabilities as of March 31, 2023 were as follows:
Fiscal Year | Operating leases |  | Finance leases |  | Total
2023 (remainder of year) | $ | 3,818 |  |  | $ | 25 |  |  | $ | 3,843 |
2024 | 15,038 |  |  | 95 |  |  | 15,133 |
2025 | 12,755 |  |  | 93 |  |  | 12,848 |
2026 | 12,072 |  |  | 68 |  |  | 12,140 |
2027 | 11,772 |  |  | 53 |  |  | 11,825 |
Thereafter | 77,724 |  |  | 25 |  |  | 77,749 |
Total lease payments | 133,179 |  |  | 359 |  |  | 133,538 |
Less: Imputed interest | 30,467 |  |  | 32 |  |  | 30,499 |
Total lease liabilities | $ | 102,712 |  |  | $ | 327 |  |  | $ | 103,039 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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