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Leases
 9 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases
Note 4. 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 March 31,Nine Months Ended March 31,
(In thousands)2024202320242023
Operating lease expense$3,595 $1,964 $9,164 $5,910 
Finance lease expense:
Amortization of finance lease assets
41 41 123 123 
Interest on finance lease liabilities
6 8 19 27 
Total lease expense$3,642 $2,013 $9,306 $6,060 
Maturities of lease liabilities are as follows:
March 31, 2024
(In thousands)Operating LeasesFinance Leases
2024$3,587 $48 
202512,237 193 
20267,796 96 
20275,524 — 
20284,495 — 
Thereafter1,740 — 
Total lease payments35,379 337 
Less: interest (3,938)(19)
Total lease obligations$31,441 $318 
Lease term and discount rate:
March 31, 2024June 30, 2023
Weighted-average remaining lease terms (in years):
Operating lease5.35.9
Finance lease1.82.5
Weighted-average discount rate:
Operating lease6.48 %6.20 %
Finance lease6.50 %6.50 %
Other Information:
Nine Months Ended March 31,
(In thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$9,289 $5,830 
Operating cash flows from finance leases19 27 
Financing cash flows from finance leases123 144 
Leases
Note 4. 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 March 31,Nine Months Ended March 31,
(In thousands)2024202320242023
Operating lease expense$3,595 $1,964 $9,164 $5,910 
Finance lease expense:
Amortization of finance lease assets
41 41 123 123 
Interest on finance lease liabilities
6 8 19 27 
Total lease expense$3,642 $2,013 $9,306 $6,060 
Maturities of lease liabilities are as follows:
March 31, 2024
(In thousands)Operating LeasesFinance Leases
2024$3,587 $48 
202512,237 193 
20267,796 96 
20275,524 — 
20284,495 — 
Thereafter1,740 — 
Total lease payments35,379 337 
Less: interest (3,938)(19)
Total lease obligations$31,441 $318 
Lease term and discount rate:
March 31, 2024June 30, 2023
Weighted-average remaining lease terms (in years):
Operating lease5.35.9
Finance lease1.82.5
Weighted-average discount rate:
Operating lease6.48 %6.20 %
Finance lease6.50 %6.50 %
Other Information:
Nine Months Ended March 31,
(In thousands)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$9,289 $5,830 
Operating cash flows from finance leases19 27 
Financing cash flows from finance leases123 144