| LEASES |
6.LEASES The components of operating lease expense for the fiscal years ended June 30, 2025 and 2026 were as follows (in thousands): | | | | | | | | | Fiscal Year Ended June 30, | | | 2025 | | 2026 | Operating lease cost | | $ | 12,342 | | $ | 15,277 | Variable lease cost | | | 954 | | | 992 | Short-term lease cost | | | 1,673 | | | 997 | | | $ | 14,969 | | $ | 17,266 |
Supplemental balance sheet assets and liabilities related to operating leases were as follows (dollar amounts in thousands): | | | | | | | | | | | | | Balance Sheet Category | | June 30, 2025 | | June 30, 2026 | | Operating lease ROU assets, net | | | Other assets | | $ | 32,040 | | $ | 47,877 | | | | | | | | | | | | | Operating lease liabilities, current portion | | | Other accrued expenses and current liabilities | | $ | 11,712 | | $ | 13,115 | | Operating lease liabilities, long-term | | | Other long-term liabilities | | | 20,977 | | | 35,678 | | Total operating lease liabilities | | | | | $ | 32,689 | | $ | 48,793 | | | | | | | | | | | | | Weighted average remaining lease term | | | | | | | | | 6.1 Years | | Weighted average discount rate | | | | | | | | | 5.7 | % |
Supplemental cash flow information related to operating leases for the year ended June 30, 2026 was as follows (in thousands): | | | | | | | | | Fiscal Year Ended June 30, | | | 2025 | | 2026 | Cash paid for operating lease liabilities | | $ | 13,047 | | $ | 14,908 | ROU assets obtained in exchange for new lease obligations | | | 11,628 | | | 28,408 |
Maturities of operating lease liabilities at June 30, 2026 were as follows (in thousands): | | | | | | June 30, 2026 | Less than one year | | $ | 15,403 | 1 – 2 years | | | 10,045 | 2 – 3 years | | | 6,883 | 3 – 4 years | | | 4,988 | 4 – 5 years | | | 4,091 | Thereafter | | | 16,929 | | | | 58,339 | Less: Imputed interest | | | (9,546) | Total lease liabilities | | $ | 48,793 |
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