Leases (Tables)

6 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Assets and Liabilities, Lessee

The following table presents amounts recorded on the Condensed Consolidated Balance Sheets related to operating leases at December 31, 2023 and June 30, 2023:

		December 31, 2023		June 30, 2023
Operating leases	Balance Sheet location	(in thousands)
Operating lease right-of-use assets	Other non-current assets	$	10,586	$	12,539
Current operating lease liabilities	Accrued expenses and other current liabilities	$	3,877	$	4,355
Long-term operating lease liabilities	Other long-term liabilities	$	7,703	$	9,329

Schedule of Lease, Cost

The following table presents amounts recorded in operating lease expense as part of selling general and administrative expenses on the Condensed Consolidated Income Statements during the quarters and six months ended December 31, 2023 and 2022. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less.

	Quarter ended December 31,				Six months ended December 31,
	2023		2022		2023		2022
	(in thousands)
Operating lease cost	$	1,434	$	1,291	$	2,643	$	2,577
Variable lease cost	322		419		705		763
	$	1,756	$	1,710	$	3,348	$	3,340

Supplemental cash flow information related to the Company's operating leases for the six months ended December 31, 2023 and 2022 are presented in the table below:

	Six months ended
	December 31,
	2023		2022
	(in thousands)
Cash paid for amounts in the measurement of lease liabilities	$	2,793	$	2,697
Right-of-use assets obtained in exchange for lease obligations	232		286

The weighted-average remaining lease term and discount rate at December 31, 2023 are presented in the table below:

	December 31, 2023
Weighted-average remaining lease term	3.28 years
Weighted-average discount rate	4.53	%

Schedule of Lessee, Operating Lease, Liability, Maturity

The following table presents the maturities of the Company's operating lease liabilities at December 31, 2023:

	Operating leases
	(in thousands)
2024	$	2,372
2025	3,667
2026	3,088
2027	2,675
2028	632
Thereafter	—
Total future payments	12,434
Less: amounts representing interest	854
Present value of lease payments	$	11,580