XML 46 R35.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Details) - Schedule of Operating Leases - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Operating lease cost        
Operating lease cost [1] $ 976 $ 965 $ 3,012 $ 2,581
Variable lease cost [2] 1,242 12 3,460 156
Total lease cost $ 2,218 $ 977 $ 6,472 $ 2,737
Weighted average remaining lease terms        
Operating leases 3 years 8 months 12 days   3 years 8 months 12 days  
Weighted average discount rate        
Operating leases 3.50%   3.50%  
[1] Expenses are classified as selling, general and administrative expenses in the Company’s condensed consolidated statements of operations.
[2] Certain of the Company’s subsidiaries lease space at locations where (i) they install laundry equipment and customers pay for the use of equipment and (ii) the leased space is paid for as part of a revenue sharing arrangement. The Company did not report this variable lease cost in the three or nine months ended March 31, 2023 and does not believe the omission is material to the Company’s consolidated financial statements. These expenses are classified within cost of sales in the Company’s condensed consolidated statements of operations.