The Company has operating leases for current corporate offices and certain equipment. These leases have remaining terms of approximately one to six years. As of June 30, 2026, the weighted average remaining lease term and weighted average discount rate for operating leases was 5.17 years and 3.29%, respectively. As of June 30, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases was 5.91 years and 3.17%, respectively.

The components of lease expense for the fiscal years ended June 30, 2026 and 2025, were as follows (in thousands):


	Year ended June 30,
	2026		2025
Operating lease expense
Operating lease cost	$	1,742	$	1,881
Variable lease cost		119		154
Short-term lease costs		6		11
Total lease expense	$	1,867	$	2,046

Supplemental cash flow information related to operating leases was as follows (in thousands):


	Year ended June 30,
	2026		2025
Operating cash outflows from operating leases	$	2,187	$	2,284
Right-of-use assets obtained in exchange for lease obligations	$	176	$	—

Maturity of lease liabilities at June 30, 2026 are as follows (in thousands):


Year ended June 30,	Amount
2027	$	2,223
2028		2,111
2029		1,772
2030		1,817
2031		1,862
Thereafter		943
Total		10,728
Less: imputed interest		(860	)
Present value of lease liabilities	$	9,868