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Leases (Tables)
9 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Components of Lease Expense

The components of lease expense for the three and nine months ended March 31, 2024 and 2023 were as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease expense

 

$

1,088

 

 

$

1,156

 

 

$

3,228

 

 

$

3,595

 

Short-term lease expense

 

 

175

 

 

 

155

 

 

 

530

 

 

 

484

 

Variable lease expense (1)

 

 

105

 

 

 

159

 

 

 

525

 

 

 

465

 

Total lease expense

 

$

1,368

 

 

$

1,470

 

 

$

4,283

 

 

$

4,544

 

 

(1)
Variable lease expense for the three and nine months ended March 31, 2024 and 2023 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):

 

 

Nine Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows used for operating leases

 

$

4,117

 

 

$

4,403

 

 

 

 

 

 

 

 

Lease liabilities arising from obtaining right-of-use assets

 

 

 

 

 

 

Operating leases

 

$

10,563

 

 

$

 

 

 

 

 

 

 

 

Weighted average remaining lease term - operating leases

 

 

4.3

 

 

1.5 years

 

Weighted average discount rate - operating leases

 

 

6.9

%

 

 

5.2

%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of March 31, 2024 were as follows (in thousands):

 

Fiscal Year Ending June 30,

 

 

 

Amount

 

2024 (remaining three months)

 

 

 

$

997

 

2025

 

 

 

 

3,356

 

2026

 

 

 

 

2,708

 

2027

 

 

 

 

2,572

 

2028

 

 

 

 

2,714

 

Thereafter

 

 

 

 

1,666

 

Total minimum lease payments

 

 

 

$

14,013

 

Less imputed interest

 

 

 

 

(2,606

)

Present value of net minimum lease payments

 

 

 

$

11,407

 

Operating lease liabilities:

 

 

 

 

 

Current

 

 

 

$

3,147

 

Noncurrent

 

 

 

 

8,260

 

Total

 

 

 

$

11,407