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Leases
12 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases
8.
 
LEASES
The
 
Company
 
has
 
entered into
 
leasing
 
arrangements
 
classified
 
as operating
 
leases under
 
accounting
 
guidance.
 
These leasing
arrangements
 
relate primarily
 
to the
 
lease of
 
its corporate
 
head
 
office,
 
administration
 
offices,
 
a manufacturing
 
facility,
 
and branch
locations through which the
 
Company operates its financial services
 
business in South Africa.
 
The Company’s
 
operating leases have
a remaining
 
lease term
 
of between
one year
 
to
five years
. The
 
Company also
 
operates parts
 
of its
 
financial services
 
business from
locations which it leases for a period of less than
one year
.
The Company’s
 
operating lease expense
 
during the years
 
ended June 30,
 
2024, 2023 and
 
2022, was $
3.2
 
million, $
2.9
 
million,
and $
4.0
 
million, respectively. The Company
 
does not have any significant leases that have not commenced as of June 30, 2024.
The Company
 
has entered into
 
short-term leasing
 
arrangements, primarily
 
for the lease
 
of branch
 
locations and other
 
locations
to operate
 
its financial
 
services business
 
in South
 
Africa.
 
The Company’s
 
short-term lease
 
expense during
 
the years
 
ended June
 
30,
2024, 2023 and 2022, was $
3.6
 
million, $
4.2
 
million and $
4.9
 
million, respectively.
 
8.
 
LEASES (continued)
The following
 
table presents
 
supplemental
 
balance sheet
 
disclosure related
 
to our
 
right-of-use assets
 
and our
 
operating leases
liabilities as of June 30, 2024 and 2023:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30,
June 30,
2024
2023
Right-of-use assets obtained in exchange for lease obligations
Weighted average
 
remaining lease term (years)
3.07
1.77
Weighted average
 
discount rate
10.5
%
9.7
%
Maturities of operating lease liabilities
2025
$
3,143
2026
2,442
2027
1,864
2028
1,226
2029
156
Thereafter
-
Total undiscounted
 
operating lease liabilities
8,831
Less imputed interest
1,401
Total operating lease liabilities,
 
included in
7,430
Operating lease liability - current
2,343
Operating lease liability - long-term
$
5,087