LEASES (Tables)
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9 Months Ended |
Mar. 31, 2024 |
| Leases [Abstract] |
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| Schedule of Lease Expenses and Other Information |
The components of lease expenses for the three and nine months ended March 31, 2024 and 2023 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | March 31, 2024 | | March 31, 2023 | | March 31, 2024 | | March 31, 2023 | | Operating lease expenses | $ | 4,106 | | | $ | 6,657 | | | $ | 13,480 | | | $ | 13,869 | | | | | | | | | | | | | | | | | | | | | | | | | | | Finance lease expenses | 37 | | | 48 | | | 111 | | | 188 | | | Variable lease expenses | 182 | | | 207 | | | 554 | | | 556 | | | Short-term lease expenses | 287 | | | 726 | | | 1,100 | | | 1,612 | | | Total lease expenses | $ | 4,612 | | | $ | 7,638 | | | $ | 15,245 | | | $ | 16,225 | |
Additional information related to leases is as follows: | | | | | | | | | | | | | Nine Months Ended | | March 31, 2024 | | March 31, 2023 | | Supplemental cash flow information | | | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash flows from operating leases | $ | 12,632 | | | $ | 12,299 | | | Operating cash flows from finance leases | $ | 9 | | | $ | 12 | | | Financing cash flows from finance leases | $ | 60 | | | $ | 137 | | | ROU assets obtained in exchange for lease obligations: | | | | Operating leases(1)(2) | $ | 2,488 | | | $ | (2,740) | | | Finance leases | $ | 35 | | | $ | 60 | | | | | | | | | | | Weighted average remaining lease term: | | | | | Operating leases | 9.1 years | | 10.5 years | | Finance leases | 3.2 years | | 4.1 years | | Weighted average discount rate: | | | | | Operating leases | 4.9 | % | | 4.7 | % | | Finance leases | 4.5 | % | | 4.5 | % |
(1) Includes adjustment for remeasurement of an operating lease during the nine months ended March 31, 2024, which resulted in a net reduction of an ROU asset and a corresponding reduction in lease liability of $9,375. (2) Includes adjustment for modification of an operating lease during the nine months ended March 31, 2023, which resulted in a reduction of an ROU asset and lease liability of $13,876 and $17,244, respectively, and recognition of a gain of $3,368 related to the modification.
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| Schedule of Supplemental Balance Sheet Information |
Supplemental balance sheet information related to leases was as follows:
| | | | | | | | | | | | | | | | | | | | | | Leases | | Classification | | March 31, 2024 | | June 30, 2023 | | Assets | | | | | | | | Operating lease ROU assets, net | | Operating lease right-of-use assets, net | | $ | 87,599 | | | $ | 95,894 | | | | | | | | | | Finance lease ROU assets, net | | Property, plant and equipment, net | | 227 | | 289 | | | | | | | | | | Total leased assets | | | | $ | 87,826 | | | $ | 96,183 | | | | | | | | | | Liabilities | | | | | | | | Current | | | | | | | | Operating | | Accrued expenses and other current liabilities | | $ | 10,027 | | | $ | 10,489 | | | | | | | | | | Finance | | Current portion of long-term debt | | 85 | | | 83 | | | | | | | | | | Non-current | | | | | | | | Operating | | Operating lease liabilities, noncurrent portion | | 82,435 | | | 90,014 | | | Finance | | Long-term debt, less current portion | | 158 | | | 222 | | | Total lease liabilities | | | | $ | 92,705 | | | $ | 100,808 | |
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| Schedule of Maturities of Finance Lease Liabilities |
Maturities of lease liabilities as of March 31, 2024 were as follows: | | | | | | | | | | | | | | | | | | | Fiscal Year | Operating leases | | Finance leases | | Total | | 2024 (remainder of year) | $ | 3,051 | | | $ | 24 | | | $ | 3,075 | | | 2025 | 14,436 | | | 93 | | | 14,529 | | | 2026 | 13,800 | | | 68 | | | 13,868 | | | 2027 | 13,469 | | | 53 | | | 13,522 | | | 2028 | 13,228 | | | 25 | | | 13,253 | | | Thereafter | 57,785 | | | — | | | 57,785 | | | Total lease payments | 115,769 | | | 263 | | | 116,032 | | | Less: Imputed interest | 23,307 | | | 20 | | | 23,327 | | | Total lease liabilities | $ | 92,462 | | | $ | 243 | | | $ | 92,705 | |
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| Schedule of Maturities of Operating Lease Liabilities |
Maturities of lease liabilities as of March 31, 2024 were as follows: | | | | | | | | | | | | | | | | | | | Fiscal Year | Operating leases | | Finance leases | | Total | | 2024 (remainder of year) | $ | 3,051 | | | $ | 24 | | | $ | 3,075 | | | 2025 | 14,436 | | | 93 | | | 14,529 | | | 2026 | 13,800 | | | 68 | | | 13,868 | | | 2027 | 13,469 | | | 53 | | | 13,522 | | | 2028 | 13,228 | | | 25 | | | 13,253 | | | Thereafter | 57,785 | | | — | | | 57,785 | | | Total lease payments | 115,769 | | | 263 | | | 116,032 | | | Less: Imputed interest | 23,307 | | | 20 | | | 23,327 | | | Total lease liabilities | $ | 92,462 | | | $ | 243 | | | $ | 92,705 | |
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