Components of lease expense were as follows (in thousands):


	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
Operating lease costs	$	1,869	$	982	$	5,257	$	2,400
Variable lease costs		549		321		1,555		670
Short term lease costs		19		47		107		76
Finance lease costs		9		7		46		21
	$	2,446	$	1,357	$	6,965	$	3,167

For the nine months ended March 31, 2026, we made cash payments of $5.3 million for operating lease obligations. These payments are included in operating cash flows. As of March 31, 2026, the weighted-average remaining lease term under our capitalized operating leases was 4.9 years, while the weighted-average discount rate for our operating leases was approximately 6.2%.

The future undiscounted cash flows for each of the next five years and thereafter, and reconciliation to the lease liabilities as of March 31, 2026 for our operating leases were as follows (in thousands):


Fiscal Year ending June 30,	Operating Leases
2026 (remainder)	$	1,737
2027		6,480
2028		5,455
2029		4,281
2030		3,598
Thereafter		4,665
Total lease payments		26,216
Imputed interest		(3,753	)
Total operating lease liability	$	22,463		(1)
Operating lease liability - current	$	5,413		(2)
Operating lease liability - long-term		17,050		(3)
	$	22,463		(1)

(1)

Represents the present value of the operating lease liabilities as of March 31, 2026.

(2)

Current operating lease liabilities are presented within accrued liabilities on our condensed consolidated balance sheets.

(3)

Long-term operating lease liabilities are presented within other liabilities on our condensed consolidated balance sheets.

The lease payments presented in the table above exclude amounts related to a failed sale-leaseback transaction. For information regarding the failed sale-leaseback transaction, refer to Note 15.