| Summary of operating lease information |
The following table summarizes the ROU assets and the related lease liabilities recorded on the consolidated balance sheet: | | | | | | | | | As of June 30 | | 2026 | | 2025 | | Balance Sheet Classification | Assets: | | | | | | | | | Operating lease ROU assets | | $ | 51,574 | | $ | 41,339 | | Other assets | | | | | | | | | | Liabilities: | | | | | | | | | Current portion | | | 10,572 | | | 9,127 | | Accrued expenses and
other current liabilities | Non-current portion | | | 45,401 | | | 33,740 | | Other liabilities | Total operating lease liabilities | | $ | 55,973 | | $ | 42,867 | | |
The following table summarizes the composition of net lease expense: | | | | | | | | | | For the Year Ended June 30 | | | 2026 | | | 2025 | | 2024 | Operating lease expense | | $ | 11,696 | | $ | 9,809 | | $ | 8,888 | Variable lease expense | | | 2,621 | | | 2,059 | | | 1,150 | Short-term lease expense | | | 1,590 | | | 1,477 | | | 1,397 | Total lease expense | | $ | 15,907 | | $ | 13,345 | | $ | 11,435 |
The following tables include other supplemental information: | | | | | | | | | | For the Year Ended June 30 | | 2026 | | 2025 | | 2024 | Operating cash flows used for ROU operating leases | | $ | 11,710 | | $ | 9,670 | | $ | 8,231 | Non-cash changes to ROU operating assets and lease liabilities | | $ | 19,426 | | $ | 11,458 | | $ | 9,283 |
| | | | | | As of June 30 | | 2026 | | 2025 | | Weighted average remaining lease term (in years) - operating leases | | 10.4 | | 9.1 | | Weighted average discount rate - operating leases | | 5.02 | % | 5.01 | % |
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| Summary of maturities of future lease liabilities |
| | | | For the Years Ending June 30 | | | | 2027 | | $ | 12,199 | 2028 | | | 9,957 | 2029 | | | 7,499 | 2030 | | | 5,770 | 2031 | | | 4,917 | 2032 and thereafter | | | 29,987 | Total lease payments | | | 70,331 | Less: interest | | | 14,358 | Total operating lease liabilities | | $ | 55,973 |
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