Leases (Tables)

12 Months Ended

Jun. 30, 2023

Leases

Summary of operating lease information

The following table summarizes the ROU assets and the related lease liabilities recorded on the consolidated balance sheet:

As of June 30	2023		2022		Balance Sheet Classification
Assets:
Operating lease ROU assets	$	35,759	$	37,680	Other Assets
Liabilities:
Current portion		6,053		6,051	Accrued expenses and other current liabilities
Non-current portion		29,077		31,508	Other liabilities
Total operating lease liabilities	$	35,130	$	37,559

The following table summarizes the composition of net lease expense:

For the Year Ended June 30		2023		2022
Operating lease expense	$	8,363	$	8,461
Variable lease expense		1,139		1,376
Short-term lease expense		1,522		1,214
Total lease expense	$	11,024	$	11,051

The following tables include other supplemental information:

For the Year Ended June 30	2023		2022
Operating cash flows used for ROU operating leases	$	7,798	$	8,642
Non-cash changes to ROU operating assets and lease liabilities	$	5,114	$	11,930

As of June 30	2023		2022
Weighted average remaining lease term (in years) - operating leases	10.63		11.46
Weighted average discount rate - operating leases	3.89	%	3.66	%

Summary of maturities of future lease liabilities

For the Years Ending June 30
2024	$	7,143
2025		6,217
2026		4,635
2027		3,396
2028		2,950
2029 and thereafter		18,451
Total lease payments		42,792
Less: interest		7,662
Total operating lease liabilities	$	35,130