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Leases (Tables)
9 Months Ended
Mar. 31, 2024
Lessee Disclosure [Abstract]  
Summary of components of lease cost

The components of lease cost were as follows (in thousands):

Three Months Ended

Nine Months Ended

March 31, 

 

March 31, 

2024

2023

2024

2023

Operating lease cost

$

10,944

$

12,302

$

34,014

$

36,272

Sublease income

 

(1,928)

 

(3,301)

 

(7,310)

 

(10,388)

Total lease cost

$

9,016

$

9,001

$

26,704

$

25,884

Summary of maturities of lease liabilities

Maturities of lease liabilities as of March 31, 2024 were as follows (in thousands):

Operating

Fiscal Year

Leases

2024 (remaining)

$

11,271

2025

44,524

2026

41,027

2027

39,533

2028

32,472

Thereafter

104,857

Total lease payments

 

273,684

Less: tenant improvement allowance not yet received

(8,631)

Less: imputed interest

(72,861)

Present value of lease liabilities

$

192,192

Summary of lease term and discount rate

Lease term and discount rate were as follows:

March 31, 

2024

Weighted-average remaining operating lease term (years)

6.8

Weighted-average operating lease discount rate

7.3%

Summary of supplemental disclosures of cash flow information related to leases

Supplemental disclosures of cash flow information related to leases were as follows (in thousands):

Three Months Ended

Nine Months Ended

March 31, 

March 31, 

2024

2023

2024

2023

Cash paid for amounts in the measurement of operating lease liabilities (net of sublease receipts)

$

9,596

$

11,643

$

31,210

$

36,461

Operating lease assets obtained in exchange for operating lease liabilities

$

$

7,489

$

19,526

$

20,528

Schedule of Future minimum lease and sublease rental income Future minimum sublease rental income under these agreements as of March 31, 2024 were as follows (in thousands):

Fiscal Year

Amount

2024 (remaining)

$

1,735

2025

5,255

2026

 

2,038

Total sublease rental income

$

9,028