| Schedule of Operating and Finance Lease Expense |
The components of the Company’s operating and finance lease expenses are as follows for the years presented (in thousands): | | | | | | | | | | | | | | | | | | | | | | | Year Ended June 30, | | | 2026 | | 2025 | | 2024 | | Operating leases: | | | | | | | | Fixed rent expense | | $ | 6,326 | | | $ | 6,497 | | | $ | 6,268 | | | Variable rent expense | | 1,071 | | | 1,098 | | | 1,095 | | | Finance lease: | | | | | | | Depreciation of equipment | | 513 | | | 513 | | | 513 | | | Interest | | 137 | | | 210 | | | 277 | | | Short-term leases: | | | | | | | | Short-term lease expenses | | 222 | | | 173 | | | 161 | | | Total lease expenses | | $ | 8,269 | | | $ | 8,491 | | | $ | 8,314 | | | | | | | | |
Supplemental balance sheet information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and discount rate):
| | | | | | | | | | | | | | | | | | June 30, | | | 2026 | | 2025 | | Operating Leases: | | | | | | | ROU assets associated with operating leases | | $ | 22,271 | | | $ | 21,288 | | | | Finance Lease: | | | | | | | Property, plant and equipment, gross | | $ | 5,133 | | | $ | 5,133 | | | | Accumulated depreciation | | (2,197) | | | (1,684) | | | | Property, plant and equipment, net | | $ | 2,936 | | | $ | 3,449 | | | | | | | | | | Weighted average remaining lease term (in years) | | | | | | | Operating leases | | 4.03 | | 5.00 | | | Finance lease | | 1.25 | | 2.25 | | | | | | | | | Weighted average discount rate | | | | | | | Operating leases | | 4.97 | % | | 4.88 | % | | | Finance lease | | 7.51 | % | | 7.51 | % | |
Supplemental cash flow information related to the Company’s operating and finance leases is as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | Year Ended June 30, | | | 2026 | | 2025 | | 2024 | | Cash paid from amounts included in the measurement of lease liabilities: | | | | | | | | Operating cash flows from operating leases | | $ | 6,976 | | | $ | 6,466 | | | $ | 6,330 | | | Operating cash flows from finance lease | | $ | 137 | | | $ | 210 | | | $ | 277 | | | Financing cash flows from finance lease | | $ | 1,007 | | | $ | 935 | | | $ | 867 | | | | | | | | | | Non-cash investing and financing information: | | | | | | | | Operating lease right-of-use assets obtained in exchange for lease obligations | | $ | 6,756 | | | $ | 1,162 | | | $ | 5,884 | |
|
| Schedule of Operating Lease Liability Maturities |
Future minimum lease payments are as follows as of June 30, 2026 (in thousands):
| | | | | | | | | | | | | Operating Leases | | Finance Leases | 2027 | $ | 7,328 | | | $ | 1,144 | | 2028 | 6,873 | | | 191 | | 2029 | 5,209 | | | — | | | 2030 | 4,050 | | | — | | 2031 | 1,034 | | | — | | | Thereafter | 1,157 | | | — | | | Total minimum lease payments | 25,651 | | | 1,335 | | | Less amount representing interest | (2,574) | | | (61) | | | Total lease liabilities | $ | 23,077 | | | $ | 1,274 | |
|
| Schedule of Finance Lease Liability Maturities |
Future minimum lease payments are as follows as of June 30, 2026 (in thousands):
| | | | | | | | | | | | | Operating Leases | | Finance Leases | 2027 | $ | 7,328 | | | $ | 1,144 | | 2028 | 6,873 | | | 191 | | 2029 | 5,209 | | | — | | | 2030 | 4,050 | | | — | | 2031 | 1,034 | | | — | | | Thereafter | 1,157 | | | — | | | Total minimum lease payments | 25,651 | | | 1,335 | | | Less amount representing interest | (2,574) | | | (61) | | | Total lease liabilities | $ | 23,077 | | | $ | 1,274 | |
|