Leases (Tables)
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9 Months Ended |
Mar. 31, 2026 |
| Leases [Abstract] |
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| Schedule of Lease Cost and Supplemental Cash Flow Information |
The components of lease cost are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | Nine Months Ended March 31, | | ($000s) | 2026 | | 2025 | | 2026 | | 2025 | | Operating lease cost: | | | | | | | | | Operating lease cost | $ | 4,853 | | | $ | 5,380 | | | $ | 14,888 | | | $ | 14,822 | | | Variable lease cost | 823 | | | 754 | | | 2,455 | | | 2,233 | | | Short-term lease cost | 69 | | | 105 | | | 232 | | | 464 | | | Total operating lease cost | $ | 5,745 | | | $ | 6,239 | | | $ | 17,575 | | | $ | 17,519 | | | | | | | | | | | Finance lease cost: | | | | | | | | | Amortization of right of use assets | $ | 264 | | | $ | 238 | | | $ | 822 | | | $ | 691 | | | Interest on lease liabilities | 60 | | | 74 | | | 202 | | | 234 | | | Total finance lease cost | $ | 324 | | | $ | 312 | | | $ | 1,024 | | | $ | 925 | |
The following table presents supplemental cash flow information related to leases:
| | | | | | | | | | | | | Nine Months Ended March 31, | | ($000s) | 2026 | | 2025 | | Cash paid for amounts included in the measurement of lease liabilities | $ | 10,760 | | | $ | 11,269 | | | Operating cash flows paid for interest portion of finance leases | $ | 202 | | | $ | 234 | | | Financing cash flows paid for principal portion of finance leases | $ | 833 | | | $ | 639 | | | | | |
The following table presents supplemental noncash information related to leases: | | | | | | | | | | | | | Nine Months Ended March 31, | | ($000s) | 2026 | | 2025 | | Right-of-use assets obtained in exchange for lease obligations | | | | | Operating leases | $ | 3,756 | | | $ | 24,377 | | | Finance leases | $ | 488 | | | $ | 547 | | | Reduction due to reassessment of lease renewal options | | | | | Right-of-use assets | $ | — | | | $ | (2,426) | | | Operating lease liabilities | $ | — | | | $ | (2,426) | |
Included in the right-of-use assets obtained in exchange for lease obligations above, are two significant renewals resulting in noncash operating lease additions of $2.4 million during the nine months ended March 31, 2026, compared to four significant lease agreements and four significant renewals resulting in noncash operating lease additions of $8.1 million and $15.2 million, respectively, during the nine months ended March 31, 2025.
| | | | | | | | | | | | | March 31, | | June 30, | | 2026 | | 2025 | | Weighted average remaining lease term (in years) | | | | | Operating leases | 4.1 | | 4.5 | | Finance leases | 1.8 | | 2.0 | | | | | | Weighted average discount rate | | | | | Operating leases | 10.9% | | 10.4% | | Finance leases | 16.9% | | 19.3% |
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| Schedule of Assets and Liabilities, Leases |
The following table presents supplemental balance sheet information related to leases:
| | | | | | | | | | | | | March 31, | | June 30, | | ($000s) | 2026 | | 2025 | | Operating lease assets | $ | 54,054 | | | $ | 62,276 | | | | | | | Operating lease liabilities, current | 14,596 | | | 14,332 | | | Operating lease liabilities, non-current | 45,038 | | | 53,804 | | | Total operating lease liabilities | $ | 59,634 | | | $ | 68,136 | | | | | | | Finance lease assets, net | $ | 1,555 | | | $ | 1,776 | | | | | | | Finance lease liabilities, current | $ | 819 | | | $ | 823 | | | Finance lease liabilities, non-current | 572 | | | 796 | | | Total finance lease liabilities | $ | 1,391 | | | $ | 1,619 | |
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| Schedule of Operating Lease Maturity |
As of March 31, 2026, the maturities of our lease liabilities by fiscal year are as follows:
| | | | | | | | | | | | | ($000s) | Operating Leases | | Finance Leases | | 2026-remainder of year | $ | 4,917 | | | $ | 267 | | | 2027 | 19,498 | | | 848 | | | 2028 | 18,562 | | | 409 | | | 2029 | 16,434 | | | 64 | | | 2030 | 7,821 | | | — | | | Thereafter | 8,913 | | | — | | | Total undiscounted lease payments | 76,145 | | | 1,588 | | | Less: liability accretion | (16,511) | | | (197) | | | Total lease liabilities | $ | 59,634 | | | $ | 1,391 | |
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| Schedule of Finance Lease Maturity |
As of March 31, 2026, the maturities of our lease liabilities by fiscal year are as follows:
| | | | | | | | | | | | | ($000s) | Operating Leases | | Finance Leases | | 2026-remainder of year | $ | 4,917 | | | $ | 267 | | | 2027 | 19,498 | | | 848 | | | 2028 | 18,562 | | | 409 | | | 2029 | 16,434 | | | 64 | | | 2030 | 7,821 | | | — | | | Thereafter | 8,913 | | | — | | | Total undiscounted lease payments | 76,145 | | | 1,588 | | | Less: liability accretion | (16,511) | | | (197) | | | Total lease liabilities | $ | 59,634 | | | $ | 1,391 | |
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