| 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 |
Nine Months Ended |
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March 31, |
March 31, |
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|
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2026 |
|
|
2025 |
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|
2026 |
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|
2025 |
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Condensed Consolidated Statements of Earnings |
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Fixed operating lease expense |
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$ |
4,826 |
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$ |
4,307 |
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$ |
13,636 |
|
$ |
13,030 |
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Variable operating lease expense |
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|
|
1,154 |
|
|
1,413 |
|
|
3,651 |
|
|
3,994 |
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Total operating lease expense |
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|
$ |
5,980 |
|
$ |
5,720 |
|
$ |
17,287 |
|
$ |
17,024 |
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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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$ |
4,935 |
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$ |
4,271 |
|
$ |
13,870 |
|
$ |
12,339 |
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ROU assets obtained in exchange for operating lease obligations |
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|
|
2,627 |
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|
1,166 |
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|
3,275 |
|
|
2,487 |
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As of |
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Condensed Consolidated Balance Sheets |
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March 31, |
|
June 30, |
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Lease Assets and Liabilities |
Balance Sheet Classification |
|
2026 |
|
2025 |
|
Operating lease ROU assets |
Right-of-use assets |
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$ |
68,316 |
|
$ |
73,399 |
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|
|
|
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|
|
|
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Operating lease liabilities - current |
Operating lease liabilities - current |
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$ |
14,181 |
|
$ |
14,098 |
|
Operating lease liabilities - long-term |
Operating lease liabilities |
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|
76,141 |
|
|
83,960 |
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Total operating lease liabilities |
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|
$ |
90,322 |
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$ |
98,058 |
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|
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Weighted average remaining lease term: |
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7.0 years |
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|
7.6 years |
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Weighted average discount rate: |
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|
|
4.3 |
% |
|
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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March 31, |
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2026 |
Remaining 2026 |
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$ |
4,108 |
2027 |
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|
17,618 |
2028 |
|
|
17,093 |
2029 |
|
|
16,484 |
2030 |
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|
13,377 |
Thereafter |
|
|
36,432 |
Total |
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$ |
105,112 |
Less: Amounts representing interest |
|
|
14,790 |
Total lease obligations |
|
$ |
90,322 |
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