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Leases (Tables)
6 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Components of Lease Expense

The components of lease expense for the three and six months ended December 31, 2023 and 2022 were as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease expense

 

$

690

 

 

$

1,229

 

 

$

2,139

 

 

$

2,454

 

Short-term lease expense

 

 

179

 

 

 

160

 

 

 

356

 

 

 

329

 

Variable lease expense (1)

 

 

210

 

 

 

148

 

 

 

420

 

 

 

291

 

Total lease expense

 

$

1,079

 

 

$

1,537

 

 

$

2,915

 

 

$

3,074

 

 

(1)
Variable lease expense for the three and six months ended December 31, 2023 and 2022 primarily included common area maintenance charges.
Supplemental Information Related To Operating Leases

Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate):

 

 

Six Months Ended

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows used for operating leases

 

$

3,095

 

 

$

2,945

 

 

 

 

 

 

 

 

Lease liabilities arising from obtaining right-of-use assets

 

 

 

 

 

 

Operating leases

 

$

7,044

 

 

$

 

 

 

 

 

 

 

 

Weighted average remaining lease term - operating leases

 

4.5 years

 

 

1.6 years

 

Weighted average discount rate - operating leases

 

 

6.2

%

 

 

5.1

%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2023 were as follows (in thousands):

 

Fiscal Year Ending June 30,

 

 

 

Amount

 

2024 (remaining six months)

 

 

 

$

2,020

 

2025

 

 

 

 

3,356

 

2026

 

 

 

 

2,708

 

2027

 

 

 

 

2,572

 

2028

 

 

 

 

2,714

 

Thereafter

 

 

 

 

1,666

 

Total minimum lease payments

 

 

 

 

15,036

 

Less imputed interest

 

 

 

 

(2,694

)

Present value of net minimum lease payments

 

 

 

$

12,342

 

Operating lease liabilities:

 

 

 

 

 

Current

 

 

 

$

3,286

 

Noncurrent

 

 

 

 

9,056

 

Total

 

 

 

$

12,342