Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 39

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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656)(753)(1,888)(2,311)Financing lease costs:Amortization of ROU asset expense$113 $22 $262 $58 Interest on finance lease liability87 6 219 15 Total operating lease cost$2,899 $2,723 $8,790 $7,804 

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The Company serves as lessor to a lessee in nine facilities. The gross rental income and underlying lease expense are presented net in the Company’s condensed consolidated statements of operations. The rent receivables and underlying lease liabilities are presented gross in the Company’s condensed consolidated balance sheets.Supplemental cash flow information related to leases was as follows:Nine Months EndedJune 30,20252024Cash flows included in the measurement of lease liabilities: Operating cash flows from operating leases$8,277 $8,906 Operating cash flows from finance leases218 68 Financing cash flows from finance leases235 15 Non-cash lease activity: ROU assets obtained in exchange for new operating lease liabilities$3,205 $12,858 ROU assets obtained in exchange for new finance lease liabilities2,294 191 The weighted average remaining lease term and discount rate for the Company’s operating leases as of June 30, 2025 and 2024 were:June 30, 2025June 30, 2024Weighted-average remaining lease term (in years)Operating lease9.368.83Finance lease6.102.10Weighted-average discount rate (in percentages) Operating lease12.58 %11.92 %Finance lease12.66 %12.77 %Lease duration was determined utilizing renewal options that the Company is reasonably certain to execute.As of June 30, 2025, maturities of operating and finance lease liabilities for each of the following five fiscal years and a total thereafter were as follows:Operating LeasesFinance Leases2025 (remainder of fiscal year)$3,197 $186 202611,551 740 20279,801 712 20288,615 683 20297,862 639 Thereafter48,323 995 Total minimum future lease payments89,349 3,955 Less interest(40,419)(1,213)Total lease liability48,930 2,742 

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10.    EQUITY, STOCK-BASED COMPENSATION AND