| Schedule of consolidated financial statements in relation to operating leases |
The Condensed Consolidated Financial Statements include the following amounts related to operating leases where the Company is the lessee ($ in thousands):
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Quarter Ended |
Six Months Ended |
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December, 31 |
December, 31 |
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2025 |
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2024 |
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2025 |
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|
2024 |
Condensed Consolidated Statements of Earnings |
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Fixed operating lease expense |
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$ |
4,401 |
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$ |
4,345 |
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$ |
8,810 |
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$ |
8,723 |
Variable operating lease expense |
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|
1,171 |
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|
1,319 |
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|
2,497 |
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|
2,581 |
Total operating lease expense |
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$ |
5,572 |
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$ |
5,664 |
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$ |
11,307 |
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$ |
11,304 |
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Condensed Consolidated Statements of Cash Flows |
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Cash paid for amounts included in the measurement of operating lease liabilities |
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$ |
4,480 |
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$ |
4,183 |
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$ |
8,935 |
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$ |
8,068 |
ROU assets obtained in exchange for operating lease obligations |
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|
370 |
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|
522 |
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|
648 |
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1,321 |
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As of |
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Condensed Consolidated Balance Sheets |
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December 31, |
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June 30, |
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Lease Assets and Liabilities |
Balance Sheet Classification |
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2025 |
|
2025 |
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Operating lease ROU assets |
Right-of-use assets |
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$ |
68,249 |
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$ |
73,399 |
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Operating lease liabilities - current |
Operating lease liabilities - current |
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$ |
13,710 |
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$ |
14,098 |
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Operating lease liabilities - long-term |
Operating lease liabilities |
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77,185 |
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|
83,960 |
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Total operating lease liabilities |
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$ |
90,895 |
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$ |
98,058 |
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Weighted average remaining lease term: |
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7.2 years |
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7.6 years |
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Weighted average discount rate: |
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4.3 |
% |
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4.3 |
% |
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| Schedule of the fair value of the lease liability by payment date for the operating leases by fiscal year |
The following table summarizes payments by date for the Company’s operating leases, which is then reconciled to our total lease obligation (in thousands):
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December 31, |
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2025 |
Remaining 2026 |
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$ |
8,516 |
2027 |
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|
16,802 |
2028 |
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|
16,420 |
2029 |
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|
15,857 |
2030 |
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|
13,397 |
Thereafter |
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35,556 |
Total |
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$ |
106,548 |
Less: Amounts representing interest |
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|
15,653 |
Total lease obligations |
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$ |
90,895 |
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