New Accounting Guidance |
12 Months Ended |
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Jun. 30, 2026 | |
| Accounting Policies [Abstract] | |
| New Accounting Guidance | New Accounting Guidance Recently Adopted Accounting Standards In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, that adds new income tax disclosure requirements primarily related to existing income tax rate reconciliation and income taxes paid information. The standard's amendments became effective for the Company for annual periods beginning July 1, 2025. The Company has adopted the guidance prospectively for the fiscal year ending June 30, 2026. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements but did require additional disclosures. Refer to Note 17, "Income Taxes." Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU 2024-03 that requires companies to disclose disaggregated information about certain income statement expense line items. The ASU becomes effective for the Company for annual periods beginning January 1, 2027, and interim reporting periods beginning with the first quarter of fiscal year beginning January 1, 2028, with early adoption permitted. The Company is currently evaluating the impact that this guidance will have on its disclosures. In September 2025, the FASB issued ASU 2025-06 to modernize the guidance for accounting for software costs by aligning the accounting with how software is developed today. The ASU becomes effective for the Company for annual periods beginning January 1, 2028, and interim reporting periods within those annual reporting periods, with early adoption permitted. The guidance can be applied either prospectively, retrospectively, or utilizing a modified transition approach. The Company is currently evaluating the impact that this guidance will have on its consolidated financial statements and disclosures. In December 2025, the FASB issued ASU 2025-10 to establish authoritative guidance on the accounting for government grants received by business entities. The ASU becomes effective for the Company for annual periods beginning January 1, 2029, and interim reporting periods within those annual reporting periods, with early adoption permitted. The guidance can be applied on a modified prospective basis, a modified retrospective basis, or a retrospective basis. The Company is currently evaluating the impact that this guidance will have on its consolidated financial statements and disclosures. In May 2026, the FASB issued ASU 2026-02 that establishes guidance on the recognition, measurement, presentation and disclosure of environmental credits and related obligations. The ASU provides a framework for accounting for environmental credit assets, including those generated, purchased or received, and environmental credit obligations. The ASU is effective for the Company beginning January 1, 2028, and early adoption is permitted. The Company is currently evaluating the impact that this guidance will have on its consolidated financial statements and disclosures. The effective dates of the standards not yet adopted reflect the Company's announced fiscal year end change (refer to Note 2, "Significant Accounting Policies"). The Company considers the applicability and impact of all ASUs issued by the FASB. The Company determined at this time that all other ASUs not yet adopted are either not applicable or are expected to have minimal impact on the Company's consolidated financial statements.
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