Finance and Operating Leases (Tables)
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3 Months Ended |
Sep. 30, 2026 |
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| Finance and Operating Leases |
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| Schedule of present value of the minimum lease payments on finance leases |
| | | | | | | | | September 30, 2026 | | June 30, 2026 | | | | (in thousands) | 2027 | | $ | 69,990 | | $ | 64,471 | 2028 | | | 74,821 | | | 42,580 | 2029 | | | 47,598 | | | 15,356 | 2030 | | | 9,259 | | | 373 | 2031 | | | — | | | — | Total minimum payments | | | 201,668 | | | 122,780 | Less: imputed interest | | | (11,544) | | | (5,848) | Finance lease liability | | | 190,124 | | | 116,932 | Less: current portion of finance lease liability | | | (85,463) | | | (60,477) | Long-term finance lease liability | | $ | 104,661 | | $ | 56,455 |
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| Schedule of future minimum lease payments under non-cancelable operating leases |
| | | | | | | | | | | | | | | | September 30, 2026 | | June 30, 2026 | | | | (in thousands) | 2027 | | $ | 2,157 | | $ | 3,128 | 2028 | | | 2,137 | | | 2,066 | 2029 | | | 1,756 | | | 1,684 | 2030 | | | 1,665 | | | 1,590 | 2031 | | | 1,484 | | | 1,406 | Thereafter | | | 2,484 | | | 2,443 | Total minimum payments | | | 11,683 | | | 12,317 | Less: imputed interest | | | (1,203) | | | (1,264) | Operating lease liability | | | 10,480 | | | 11,053 | Less: current portion of operating lease liability | | | (2,374) | | | (2,737) | Long-term operating lease liability | | $ | 8,106 | | $ | 8,316 |
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| Schedule of lease cost, weighted-average remaining lease term, weighted-average discount rate |
| | | | | | | | | | Three Months Ended September 30, | | | | 2026 | | 2025 | | | | | (in thousands) | Lease cost | | | | | | | | | | | | | | | | Finance lease cost: | | | | | | | | Instructional costs and services: | | | | | | | | Amortization of right-of-use assets | | $ | 16,143 | | $ | 10,352 | | Selling, general, and administrative expenses: | | | | | | | | Amortization of right-of-use assets | | | 335 | | | 158 | | Interest on lease liabilities | | | 1,297 | | | 1,524 | | Operating lease cost: | | | | | | | | Instructional costs and services: | | | | | | | | Operating lease cost | | | 127 | | | 2,325 | | Short-term lease cost | | | 8 | | | 54 | | Sublease income | | | — | | | (66) | | Selling, general, and administrative expenses: | | | | | | | | Operating lease cost | | | 185 | | | 506 | | Short-term lease cost | | | 26 | | | 24 | | Total lease cost | | $ | 18,121 | | $ | 14,877 | | | | | | | | | | Other information | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | | Operating cash flows from operating leases | | $ | (899) | | $ | (879) | | Financing cash flows from finance leases | | | (16,540) | | | (11,961) | | Right-of-use assets obtained in exchange for new finance lease liabilities | | | 87,233 | | | 47,309 | | Right-of-use assets obtained in exchange for new operating lease liabilities | | | 325 | | | 693 | | Weighted-average remaining lease term - finance leases | | | 2.15 | yrs. | | 1.95 | yrs. | Weighted-average remaining lease term - operating leases | | | 5.58 | yrs. | | 4.93 | yrs. | Weighted-average discount rate - finance leases | | | 4.82 | % | | 5.18 | % | Weighted-average discount rate - operating leases | | | 4.10 | % | | 2.96 | % |
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