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Leases
 3 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases
Note 3. Leases
The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms through April 30, 2030, some of which have options to extend the lease for up to 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewal until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.
The components of lease expense are as follows:
Three Months Ended September 30,
(In thousands)20242023
Operating lease expense$4,230 $2,073 
Finance lease expense:
Amortization of finance lease assets
41 41 
Interest on finance lease liabilities
4 7 
Total lease expense$4,275 $2,121 
Maturities of lease liabilities are as follows:
September 30, 2024
(In thousands)Operating LeasesFinance Leases
2024$10,994 $144 
202510,553 96 
20267,029 — 
20276,253 — 
20283,229 — 
Thereafter317 — 
Total lease payments38,375 240 
Less: interest (4,161)(10)
Total lease obligations$34,214 $230 
Lease term and discount rate:
September 30, 2024June 30, 2024
Weighted-average remaining lease terms (in years):
Operating lease5.05.2
Finance lease1.31.5
Weighted-average discount rate:
Operating lease6.68 %6.65 %
Finance lease6.50 %6.50 %
Other Information:
Three Months Ended September 30,
(In thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$3,913 $2,063 
Operating cash flows from finance leases4 7 
Financing cash flows from finance leases48 48 
Leases
Note 3. Leases
The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms through April 30, 2030, some of which have options to extend the lease for up to 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewal until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.
The components of lease expense are as follows:
Three Months Ended September 30,
(In thousands)20242023
Operating lease expense$4,230 $2,073 
Finance lease expense:
Amortization of finance lease assets
41 41 
Interest on finance lease liabilities
4 7 
Total lease expense$4,275 $2,121 
Maturities of lease liabilities are as follows:
September 30, 2024
(In thousands)Operating LeasesFinance Leases
2024$10,994 $144 
202510,553 96 
20267,029 — 
20276,253 — 
20283,229 — 
Thereafter317 — 
Total lease payments38,375 240 
Less: interest (4,161)(10)
Total lease obligations$34,214 $230 
Lease term and discount rate:
September 30, 2024June 30, 2024
Weighted-average remaining lease terms (in years):
Operating lease5.05.2
Finance lease1.31.5
Weighted-average discount rate:
Operating lease6.68 %6.65 %
Finance lease6.50 %6.50 %
Other Information:
Three Months Ended September 30,
(In thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$3,913 $2,063 
Operating cash flows from finance leases4 7 
Financing cash flows from finance leases48 48