XML 34 R23.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
6 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease expense in the Condensed Consolidated Statements of Income are as follows:
Three Months EndedSix Months Ended
December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Lease expenseLocation of Expense(in thousands)
Operating lease expenseCost of revenue and Selling, general and administrative expenses$1,788 $1,878 $3,551 $3,970 
Short-term lease expense(1)
Cost of revenue7,534 5,292 14,817 10,863 
Total lease expense$9,322 $7,170 $18,368 $14,833 
(1)Primarily represents the lease expense of construction equipment that is subject to month-to-month rental agreements with expected rental durations of less than one year.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The future undiscounted lease payments, as reconciled to the discounted operating lease liabilities presented in our Condensed Consolidated Balance Sheets, were as follows:
December 31, 2022
Maturity Analysis:(in thousands)
Remainder of Fiscal 2023$2,863 
Fiscal 20245,634 
Fiscal 20254,269 
Fiscal 20264,246 
Fiscal 20274,161 
Thereafter12,843 
Total future operating lease payments34,016 
Imputed interest (6,769)
Net present value of future lease payments27,247 
Less: current portion of operating lease liabilities4,534 
Non-current operating lease liabilities$22,713 
Other Information Related to Leases [Table Text Block]
The following is a summary of the weighted average remaining operating lease term and weighted average discount rate as of December 31, 2022:
Weighted-average remaining lease term (in years)6.8 years
Weighted-average discount rate6.1 %

Supplemental cash flow information related to leases is as follows:
Six Months Ended
December 31, 2022
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease payments$3,617 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$5,219