v3.25.2
Leases
 12 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
We have operating leases with initial noncancelable lease terms in excess of one year covering the rental of various facilities and equipment. Certain of these leases contain renewal options and some provide options to purchase during the lease term. Our operating leases include leases for real estate for some of our office and manufacturing facilities as well as manufacturing and non-manufacturing equipment used in our business. The remaining lease terms for these operating leases range from 1 year to 9 years.
We have finance leases with initial noncancelable lease terms in excess of one year covering the rental of various facilities and equipment. Certain of these leases contain renewal options and some provide options to purchase during the lease term. These leases are generally for manufacturing and non-manufacturing equipment used in our business and warehouse facilities. The remaining lease terms for these finance leases range from 1 year to 9 years.
As of June 30, 2025 and 2024, the weighted-average discount rate of our operating leases was 5.1% and 4.9%, respectively. As of June 30, 2025 and 2024, the weighted-average discount rate of our finance leases was 4.5% and 2.5%, respectively.
The components of lease expense in each of the years ended June 30 have been provided as follows:
202520242023
Operating lease cost in Cost of Sales and Selling, General and Administrative Expenses$14,222 $10,004 $9,702 
Finance lease cost:
Amortization of assets in Cost of Sales and Selling, General and Administrative Expenses$2,156 $2,056 $2,228 
Interest on lease liabilities in Other, Net78 66 97 
Total finance lease cost$2,234 $2,122 $2,325 
Short-term lease cost in Cost of Sales and Selling, General and Administrative Expenses3,526 5,653 4,362 
Total net lease cost$19,982 $17,779 $16,389 
Supplemental balance sheet information related to leases at June 30 is as follows:
20252024
Operating Leases
Operating Lease Right-Of-Use Assets$52,227 $55,128 
Current operating lease liabilities in Accrued Liabilities$11,255 $10,335 
Noncurrent Operating Lease Liabilities42,720 44,557 
Total operating lease liabilities$53,975 $54,892 
Finance Leases
Finance lease right-of-use assets in Property, Plant and Equipment-Net$1,560 $2,861 
Current finance lease liabilities in Accrued Liabilities$463 $1,993 
Noncurrent finance lease liabilities in Other Noncurrent Liabilities1,115 782 
Total finance lease liabilities$1,578 $2,775 
Supplemental cash flow information related to leases in each of the years ended June 30 is as follows:
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$13,532 $10,199 $9,848 
Operating cash flows from finance leases$78 $66 $97 
Financing cash flows from finance leases$2,053 $1,958 $2,334 
Supplemental noncash information on operating lease liabilities arising from obtaining right-of-use assets$10,102 $38,318 $5,698 
Supplemental noncash information on finance lease liabilities arising from obtaining right-of-use assets$854 $534 $— 
As of June 30, 2025, the maturities of lease liabilities were as follows:
Operating LeasesFinance Leases
2026$13,747 $524 
202710,303 217 
20287,099 217 
20296,861 217 
20305,713 188 
Thereafter21,028 479 
Total minimum payments$64,751 $1,842 
Less amount representing interest(10,776)(264)
Present value of lease obligations$53,975 $1,578 
As of June 30, 2025 and 2024, the weighted-average remaining term of our operating leases was 6.7 years and 7.1 years, respectively. As of June 30, 2025 and 2024, the weighted-average remaining term of our finance leases was 6.1 years and 2.7 years, respectively.