Operating leases (Tables)

3 Months Ended

Sep. 30, 2024

Operating leases [Abstract]

Quantitative Data Related to Operating Leases

The following includes quantitative data related to the Company’s operating leases as September 30, 2024 and June 30, 2024, and for the three months ended September 30, 2024 and 2023:

(In thousands)
Operating lease amounts:	September 30, 2024		June 30, 2024
Right-of-use assets	$	2,080	$	2,071
Lease liabilities	$	2,165	$	2,159

	For the three months ended September 30,
	2024		2023
(In thousands)
Other information:
Operating outgoing cash flows from operating leases	$	125	$	113
Right-of-use assets obtained in exchange for new operating lease liabilities	$	117	$	19
Lease costs:
Operating lease cost	$	113	$	102
Variable lease cost	$	11	$	11

Undiscounted Cash Flows of Operating Lease Liabilities

The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, as of September 30, 2024:

(In thousands, except weighted-average information)
Within the twelve months ended September 30,
2025	$	504
2026		514
2027		441
2028		379
2029		231
Thereafter		284
Total undiscounted cash flow		2,353
Less net present value adjustment		(188	)
Lease liability	$	2,165
Weighted-average remaining lease term (years)		5.08
Weighted-average discount rate		3.14	%