Leases (Tables)

12 Months Ended

Jun. 30, 2025

The components of lease cost were as follows (in thousands):

Maturities of lease liabilities as of June 30, 2025 were as follows (in thousands):


	Operating
Fiscal Year	Leases
2026	$	49,747
2027		49,516
2028		44,941
2029		36,607
2030		33,720
Thereafter		130,941
Total lease payments		345,472
Less: lease incentives not yet received		(24,572)
Less: imputed interest		(99,569)
Present value of lease liabilities	$	221,331

Lease term and discount rate were as follows:


	June 30, 2025
Weighted-average remaining operating lease term (years)		7.6
Weighted-average operating lease discount rate		7.6%

Supplemental disclosures of cash flow information related to leases were as follows (in thousands):


	Year Ended June 30,
	2025		2024		2023
Cash paid for amounts in the measurement of operating lease liabilities (net of sublease receipts)	$	35,975	$	41,063	$	58,198
Operating lease assets obtained in exchange for operating lease liabilities	$	46,982	$	34,719	$	32,476

Future minimum sublease rental income under these agreements as of June 30, 2025, was as follows (in thousands):


Fiscal Year	Amount
2026	$	2,038
Total sublease rental income	$	2,038

Adtalem Global Education Inc. 10-K