In general, our leases include office buildings for various facilities
worldwide which are all classified as operating leases. We also have financing leases related to some office equipment in the U.S.
The following presents components of lease expense and supplemental cash
flow information:
| Schedule of components of lease expense | |
| | | |
| | |
| | |
Years Ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
(In thousands) | |
| Components of lease expense | |
| | | |
| | |
| Operating lease cost | |
$ | 2,030 | | |
$ | 2,369 | |
| Financing lease cost | |
| 108 | | |
| 107 | |
| Financing lease interest expense | |
| 14 | | |
| 25 | |
| | |
| | | |
| | |
| Supplemental cash flow information | |
| | | |
| | |
| Cash paid for amounts included in the measurement of operating lease liabilities | |
$ | 1,636 | | |
$ | 1,765 | |
| Cash paid for amounts included in the measurement of financing lease liabilities | |
$ | 120 | | |
$ | 213 | |
| | |
| | | |
| | |
| Right-of-use assets obtained in exchange for lease obligation | |
$ | 628 | | |
$ | 1,027 | |
As of June 30, 2026 and 2025, the weighted average discount rate for
leases was 4.9%
and 4.8%,
respectively, and the weighted average remaining lease term for leases was 2.9
years.
Maturities of lease liabilities as of June 30, 2026 were as follows:
| Schedule of maturities of lease liabilities | |
| | |
| |
| Years ending June 30, | |
Operating | | |
Financing | |
| | |
(In thousands) | |
| 2027 | |
$ | 2,052 | | |
$ | 26 | |
| 2028 | |
| 2,093 | | |
| 23 | |
| 2029 | |
| 1,865 | | |
| 5 | |
| 2030 | |
| 1,101 | | |
| 4 | |
| 2031 | |
| 1,060 | | |
| 2 | |
| Thereafter | |
| 1,068 | | |
| – | |
| Total remaining lease payments | |
| 9,239 | | |
| 60 | |
| less: imputed interest | |
| (989 | ) | |
| (19 | ) |
| Lease liability | |
$ | 8,250 | | |
$ | 41 | |
| Reported as: | |
| | | |
| | |
| Current liabilities | |
$ | 1,617 | | |
$ | 18 | |
| Non-current liabilities | |
$ | 6,633 | | |
$ | 23 | |
|