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v3.23.2

Leases (Notes) | 12 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Leases | Supplemental consolidated balance sheet information related to leases is as follows:
|  |  |  | As of June 30,
(In thousands) |  | Classification |  | 2023 |  | 2022
Operating lease assets |  | Right-of-use operating lease assets |  | $ | 24,593 |  |  | $ | 27,957 |
Finance lease assets |  | Property, plant and equipment, net |  | 410 |  |  | 574 |
Total lease assets |  |  |  | $ | 25,003 |  |  | $ | 28,531 |
Operating lease liabilities - current |  | Operating lease liabilities - current |  | 8,040 |  |  | 7,721 |
Finance lease liabilities - current |  | Other current liabilities |  | 193 |  |  | 193
Operating lease liabilities - noncurrent |  | Operating lease liabilities - noncurrent |  | 17,157 |  |  | 20,762 |
Finance lease liabilities -noncurrent |  | Other long-term liabilities |  | 251 |  |  | 409
Total lease liabilities |  |  |  | $ | 25,641 |  |  | $ | 29,085 |
The components of lease expense are as follows:
|  | For the Years Ended June 30,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Operating lease expense |  | $ | 7,943 |  |  | $ | 7,526 |  |  | $ | 7,195 |
Finance lease expense: |  |  |  |  |  |
Amortization of finance lease assets |  | 164 |  |  | 164 |  |  | 82 |
Interest on finance lease liabilities |  | 34 |  |  | 44 |  |  | 26 |
Total lease expense |  | $ | 8,141 |  |  | $ | 7,734 |  |  | $ | 7,303 |
The maturities of the lease liabilities are as follows:
|  | For the Years Ended June 30,
(In thousands) |  | Operating Leases |  | Finance Leases
2024 |  | $ | 7,979 |  |  | $ | 193 |
2025 |  | 6,800 |  |  | 193 |
2026 |  | 5,701 |  |  | 96 |
2027 |  | 4,250 |  |  | — |
2028 |  | 3,259 |  |  | — |
Thereafter |  | 927 |  |  | — |
Total lease payments |  | 28,916 |  |  | 482 |
Less: interest |  | (3,719) |  |  | (38) |
Total lease obligations |  | $ | 25,197 |  |  | $ | 444 |
Lease term and discount rate:
|  | For the Years Ended June 30,
|  | 2023 |  | 2022
Weighted-average remaining lease terms (in years): |  |  |  |
Operating lease |  | 5.9 |  | 6.3
Finance lease |  | 2.5 |  | 3.5
Weighted-average discount rate: |  |  |  |
Operating lease |  | 6.20 | % |  | 5.69 | %
Finance lease |  | 6.50 | % |  | 6.50 | %
Other Information:
|  | For the Years Ended June 30,
(In thousands) |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 7,845 |  |  | $ | 7,049 |
Operating cash flows from finance leases |  | 34 |  |  | 44 |
Financing cash flows from finance leases |  | 193 |  |  | 193 |
Leases | Supplemental consolidated balance sheet information related to leases is as follows:
|  |  |  | As of June 30,
(In thousands) |  | Classification |  | 2023 |  | 2022
Operating lease assets |  | Right-of-use operating lease assets |  | $ | 24,593 |  |  | $ | 27,957 |
Finance lease assets |  | Property, plant and equipment, net |  | 410 |  |  | 574 |
Total lease assets |  |  |  | $ | 25,003 |  |  | $ | 28,531 |
Operating lease liabilities - current |  | Operating lease liabilities - current |  | 8,040 |  |  | 7,721 |
Finance lease liabilities - current |  | Other current liabilities |  | 193 |  |  | 193
Operating lease liabilities - noncurrent |  | Operating lease liabilities - noncurrent |  | 17,157 |  |  | 20,762 |
Finance lease liabilities -noncurrent |  | Other long-term liabilities |  | 251 |  |  | 409
Total lease liabilities |  |  |  | $ | 25,641 |  |  | $ | 29,085 |
The components of lease expense are as follows:
|  | For the Years Ended June 30,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Operating lease expense |  | $ | 7,943 |  |  | $ | 7,526 |  |  | $ | 7,195 |
Finance lease expense: |  |  |  |  |  |
Amortization of finance lease assets |  | 164 |  |  | 164 |  |  | 82 |
Interest on finance lease liabilities |  | 34 |  |  | 44 |  |  | 26 |
Total lease expense |  | $ | 8,141 |  |  | $ | 7,734 |  |  | $ | 7,303 |
The maturities of the lease liabilities are as follows:
|  | For the Years Ended June 30,
(In thousands) |  | Operating Leases |  | Finance Leases
2024 |  | $ | 7,979 |  |  | $ | 193 |
2025 |  | 6,800 |  |  | 193 |
2026 |  | 5,701 |  |  | 96 |
2027 |  | 4,250 |  |  | — |
2028 |  | 3,259 |  |  | — |
Thereafter |  | 927 |  |  | — |
Total lease payments |  | 28,916 |  |  | 482 |
Less: interest |  | (3,719) |  |  | (38) |
Total lease obligations |  | $ | 25,197 |  |  | $ | 444 |
Lease term and discount rate:
|  | For the Years Ended June 30,
|  | 2023 |  | 2022
Weighted-average remaining lease terms (in years): |  |  |  |
Operating lease |  | 5.9 |  | 6.3
Finance lease |  | 2.5 |  | 3.5
Weighted-average discount rate: |  |  |  |
Operating lease |  | 6.20 | % |  | 5.69 | %
Finance lease |  | 6.50 | % |  | 6.50 | %
Other Information:
|  | For the Years Ended June 30,
(In thousands) |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 7,845 |  |  | $ | 7,049 |
Operating cash flows from finance leases |  | 34 |  |  | 44 |
Financing cash flows from finance leases |  | 193 |  |  | 193 |

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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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