v3.25.2
Leases
 12 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
The Company has operating leases for current corporate offices and certain equipment. These leases have remaining terms of approximately one to 6.5 years. As of June 30, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases was 5.91 years and 3.17%, respectively. As of June 30, 2024, the weighted average remaining lease term and weighted average discount rate for operating leases was 6.90 years and 3.46%, respectively.
The components of lease expense for the fiscal years ended June 30, 2025 and 2024, were as follows (in thousands):
Years ended June 30,
20252024
Operating lease expense
Operating lease cost$1,881 $1,913 
Variable lease cost154 174 
Short-term lease cost11 47 
Total lease expense$2,046 $2,134 
Supplemental cash flow information related to operating leases was as follows (in thousands):
June 30, 2025June 30, 2024
Operating cash outflows from operating leases$2,284 $2,187 
Right-of-use assets obtained in exchange for lease obligations$— $2,475 
Maturity of lease liabilities at June 30, 2025 are as follows (in thousands):
Year ended June 30,Amount
2026$2,214 
20272,195 
20282,073 
20291,772 
20301,817 
Thereafter2,805 
Total12,876 
Less: imputed interest(1,198)
Present value of lease liabilities$11,678