| Schedule of amounts related to operating leases in consolidated financial statements |
The Consolidated Financial Statements include the following amounts related to operating leases where the Company is the lessee (in thousands, except weighted averages): | | | | | | | | | | | | | | Year Ended | | | | June 30, | | | | | 2026 | | | 2025 | | | 2024 | Consolidated Statements of Earnings | | | | | | | | | | | Fixed operating lease expense | | | $ | 18,126 | | $ | 17,414 | | $ | 18,195 | Variable operating lease expense | | | | 4,671 | | | 5,426 | | | 4,988 | Total operating lease expense | | | $ | 22,797 | | $ | 22,840 | | $ | 23,183 | | | | | | | | | | | | Consolidated Statements of Cash Flows | | | | | | | | | | | Cash paid for amounts included in the measurement of operating lease liabilities | | | $ | 18,071 | | $ | 16,320 | | $ | 17,729 | ROU assets obtained in exchange for operating lease obligations | | | | 6,453 | | | 8,767 | | | 11,051 | | | | | | | | | | | | | | | As of | | | Consolidated Balance Sheets | | | June 30, | | | Lease Assets and Liabilities | Balance Sheet Classification | | | 2026 | | | 2025 | | | | Operating lease ROU assets | Right-of-use assets | | $ | 67,333 | | $ | 73,399 | | | | | | | | | | | | | | | Operating lease liabilities - current | Operating lease liabilities - current | | $ | 14,935 | | $ | 14,098 | | | | Operating lease liabilities - long-term | Operating lease liabilities | | | 74,152 | | | 83,960 | | | | Total operating lease liabilities | | | $ | 89,087 | | $ | 98,058 | | | | | | | | | | | | | | | Weighted average remaining lease term: | | | | 6.8 years | | | 7.6 years | | | | Weighted average discount rate: | | | | 4.3 | % | | 4.3 | % | | |
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| Schedule of the fair value of the lease liability by payment date for the operating leases by fiscal year |
The following table summarizes payments by date for the Company’s operating leases, which is then reconciled to our total lease obligation (in thousands): | | | | | | | | | | June 30, | | | 2026 | 2027 | | $ | 18,155 | 2028 | | | 17,626 | 2029 | | | 17,015 | 2030 | | | 13,664 | 2031 | | | 11,376 | Thereafter | | | 25,611 | Total | | $ | 103,447 | Less: Amounts representing interest | | | 14,360 | Total lease obligations | | $ | 89,087 |
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