| Schedule of amounts related to operating leases in consolidated financial statements |
The Consolidated Financial Statements include the following amounts related to operating leases where the Company is the lessee (in thousands, except weighted averages):
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Year Ended |
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June 30, |
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2026 |
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2025 |
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|
2024 |
Consolidated Statements of Earnings |
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Fixed operating lease expense |
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$ |
18,126 |
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$ |
17,414 |
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$ |
18,195 |
Variable operating lease expense |
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4,671 |
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|
5,426 |
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|
4,988 |
Total operating lease expense |
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$ |
22,797 |
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$ |
22,840 |
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$ |
23,183 |
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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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$ |
18,071 |
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$ |
16,320 |
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$ |
17,729 |
ROU assets obtained in exchange for operating lease obligations |
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6,453 |
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8,767 |
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11,051 |
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As of |
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Consolidated Balance Sheets |
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June 30, |
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Lease Assets and Liabilities |
Balance Sheet Classification |
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2026 |
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2025 |
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Operating lease ROU assets |
Right-of-use assets |
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$ |
67,333 |
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$ |
73,399 |
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Operating lease liabilities - current |
Operating lease liabilities - current |
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$ |
14,935 |
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$ |
14,098 |
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Operating lease liabilities - long-term |
Operating lease liabilities |
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|
74,152 |
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|
83,960 |
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Total operating lease liabilities |
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$ |
89,087 |
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$ |
98,058 |
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Weighted average remaining lease term: |
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6.8 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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June 30, |
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2026 |
2027 |
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$ |
18,155 |
2028 |
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17,626 |
2029 |
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17,015 |
2030 |
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13,664 |
2031 |
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|
11,376 |
Thereafter |
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|
25,611 |
Total |
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$ |
103,447 |
Less: Amounts representing interest |
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|
14,360 |
Total lease obligations |
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$ |
89,087 |
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