v3.26.1
Property and Equipment
 12 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment
6. Property and Equipment
Property and equipment, net consisted of the following (in thousands):
As of June 30,
20262025
Equipment$16,270 $15,008 
Computer hardware and software73,057 58,559 
Furniture and fittings27,676 25,217 
Leasehold improvements and other125,604 154,113 
Property and equipment, gross242,607 252,897 
Less: accumulated depreciation(156,305)(147,779)
Property and equipment, net$86,302 $105,118 
Depreciation expense was $39.2 million, $36.9 million, and $29.0 million for fiscal years 2026, 2025, and 2024, respectively. During fiscal year 2026, the Company recorded a $18.7 million impairment charge for leasehold improvements and other as a result of the Company’s restructuring efforts. Refer to Note 14, “Restructuring,” for additional information.