v3.26.1
Leases (Tables)
12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Components Of Leases

The components of the Company’s leases reflected on the Company’s consolidated statements of income were as follows:

 

(in thousands)

 

June 30, 2026

 

 

June 30, 2025

 

Operating lease expense

 

$

8,438

 

 

$

8,643

 

Variable lease expense

 

 

1,832

 

 

 

1,661

 

Total lease expense

 

$

10,270

 

 

$

10,304

 

 

Other Information Related To Leases And Future Minimum Lease Payments

Other information related to leases and future minimum lease payments under non-cancellable operating leases were as follows:

 

Fiscal year

 

June 30, 2026

 

 

June 30, 2025

 

(in thousands)

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

10,037

 

 

$

9,698

 

 

 

 

 

 

 

 

Cash received from subleasing of operating lease:

 

 

 

 

 

 

Operating cash flows received from subleasing of operating lease

 

$

 

 

$

594

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease liabilities:

 

 

 

 

 

 

Operating leases

 

$

456

 

 

$

4,119

 

 

 

 

 

 

 

 

Weighted-average remaining lease term (in years):

 

 

 

 

 

 

Operating leases

 

 

6.3

 

 

 

7.2

 

 

 

 

 

 

 

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

3.9

%

 

 

4.0

%

 

 

 

 

 

 

 

Fiscal year

 

 

 

 

June 30, 2026

 

(in thousands)

 

 

 

 

 

 

Payments in FY2027

 

 

 

 

$

10,255

 

FY2028

 

 

 

 

 

10,025

 

FY2029

 

 

 

 

 

8,949

 

FY2030

 

 

 

 

 

8,713

 

FY2031

 

 

 

 

 

7,085

 

Thereafter

 

 

 

 

 

13,315

 

Total future minimum lease payments

 

 

 

 

$

58,342

 

Less imputed interest

 

 

 

 

 

6,446

 

Lease liability

 

 

 

 

$

51,896