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Leases (Tables)
6 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Operating Lease Right-of-use Assets and Operating Lease Obligations

Operating lease right-of-use assets and operating lease obligations are represented in the table below (in thousands):

 

 

 

December 31,
2021

 

 

June 30,
2021

 

Beginning balance operating lease right-of-use asset

 

$

22,522

 

 

$

28,647

 

Lease asset added

 

 

1,846

 

 

 

1,069

 

Amortization for the year

 

 

(4,939

)

 

 

(7,194

)

Ending balance operating lease right-of-use asset

 

$

19,429

 

 

$

22,522

 

 

 

 

 

 

 

 

Beginning balance operating lease obligation

 

$

25,610

 

 

$

32,397

 

Lease liability added

 

 

1,846

 

 

 

1,069

 

Repayment and interest accretion

 

 

(5,373

)

 

 

(7,856

)

Ending balance operating lease obligation

 

$

22,083

 

 

$

25,610

 

 

 

 

 

 

 

 

Current portion of operating lease obligation

 

$

8,327

 

 

$

8,169

 

Noncurrent portion of operating lease obligation

 

$

13,756

 

 

$

17,441

 

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2021 are presented in the table below (in thousands):

 

Year Ending June 30,

 

Amount

 

2022 (remaining 6 months)

 

$

4,931

 

2023

 

 

9,183

 

2024

 

 

6,314

 

2025

 

 

3,304

 

2026

 

 

40

 

Thereafter

 

 

 

Total operating lease payments

 

 

23,772

 

Less: imputed interest

 

 

(1,686

)

Present value of operating lease liabilities

 

$

22,086

 

Weighted average remaining lease term (in years)

 

 

2.67

 

Weighted average discount rate

 

 

5.52

%