We lease certain machinery and plant equipment, office space, and production and warehouse facilities under non-cancelable operating leases that expire on various dates through 2046. Our finance leases primarily relate to machinery and plant equipment. Over the past year, we invested in our manufacturing and supply chain footprint both organically and through acquisitions, which resulted in an increase in our leased real estate portfolio.


Leases	Consolidated Balance Sheet Classification	June 30, 2026		June 30, 2025

Assets:
Operating right-of-use assets	Operating lease assets, net	$	121,022	$	83,951
Finance right-of-use assets	Property, plant, and equipment, net	42,812		30,345
Total lease assets		$	163,834	$	114,296
Liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current	$	24,753	$	22,064
Finance lease liabilities	Other current liabilities	12,331		9,121
Non-current:
Operating lease liabilities	Operating lease liabilities, non-current	102,549		66,196
Finance lease liabilities	Other liabilities	36,879		24,501
Total lease liabilities		$	176,512	$	121,882


	Year Ended June 30,
	2026		2025		2024
Operating lease expense	$	32,900	$	25,648	$	25,844
Finance lease expense:
Amortization of finance lease assets	8,730		5,791		5,300
Interest on lease liabilities	232		221		226
Variable lease expense	4,141		6,181		5,614
Less: sublease income	(965)		(951)		(904)
Net operating and finance lease cost	$	45,038	$	36,890	$	36,080


Payments Due by Period	Operating lease obligations		Finance lease obligations		Total lease obligations
Less than 1 year	$	31,789	$	14,521	$	46,310
2 years	27,522		10,792		38,314
3 years	22,298		9,097		31,395
4 years	17,465		6,902		24,367
5 years	12,467		4,954		17,421
Thereafter	49,283		12,975		62,258
Total	160,824		59,241		220,065
Less: present value discount	(33,522)		(10,031)		(43,553)
Lease liability	$	127,302	$	49,210	$	176,512

Our leases have remaining lease terms of 1 to 20 years, inclusive of renewal or termination options that we are reasonably certain to exercise.


	Year Ended June 30,
Supplemental Cash Flow Information	2026		2025		2024
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	31,488	$	24,956	$	25,015
Operating cash flows from finance leases	232		221		226
Financing cash flows from finance leases	11,740		7,833		10,140


Lease Term and Discount Rate	June 30, 2026		June 30, 2025
Weighted-average remaining lease term (years):
Operating leases	7.40		5.72
Finance leases	5.90		7.19
Weighted-average discount rate:
Operating leases	6.22	%	6.09	%
Finance leases	6.44	%	7.49	%