v3.25.2
Note 20 - Leases
12 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]

20. LEASES

 

In the normal course of its business, the Company enters into various leases as the lessee, primarily related to certain transportation vehicles, facilities, office space, and machinery and equipment. These leases have remaining lease terms between one and fifty-five years, some of which may include options to extend the leases or options to terminate the leases. Some lease arrangements require variable payments that are dependent on usage, output, or index-based adjustments. 

 

Amounts recorded in the Company's Consolidated Balance Sheet and Statement of Operations related to leases are as follows (in thousands):

 

  

June 30, 2025

  

June 30, 2024

 

Assets

        

Operating lease right-of-use-asset

 $47,998  $37,078 
         

Liabilities

        

Current accrued liabilities

 $11,129  $8,289 

Operating lease long-term liabilities

  40,057   30,725 

Total lease liability

 $51,186  $39,014 

 

Lease cost

 

The components of lease costs are as follows (in thousands):

 

  

Year Ended

  

Year Ended

 
  

June 30, 2025

  

June 30, 2024

 

Operating lease cost

 $13,745  $11,477 

Variable lease cost

  1,274   1,270 

Net lease cost

 $15,019  $12,747 

 

Maturity of lease liability

 

The maturity of the Company's lease liabilities included in continuing operations at June 30, 2025 were as follows (in thousands):

 

  

Operating Leases

 

2026

 $13,097 

2027

  11,251 

2028

  8,850 

2029

  6,777 

2030

  4,624 

After 2030

  16,060 

Less: interest

  (9,473)

Present value of lease liabilities

 $51,186 

 

The weighted average remaining lease term and discount rates are as follows:

 

Lease Term and Discount Rate

 

June 30, 2025

 

Weighted average remaining lease term (years)

  8.18 
     

Weighted average discount rate (percentage)

  4.31%
     

 

Other Information

 

Supplemental cash flow information related to leases is as follows:

 

  

Year Ended

  

Year Ended

 
  

June 30, 2025

  

June 30, 2024

 

Operating cash outflows from operating leases

 $12,615  $11,204