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Leases (Tables)
9 Months Ended
Mar. 31, 2022
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):

 

 

 

March 31,
2022

 

 

June 30,
2021

 

Beginning balance operating lease right-of-use asset

 

$

22,522

 

 

$

28,647

 

Lease asset added

 

 

1,486

 

 

 

1,069

 

Amortization for the year

 

 

(6,157

)

 

 

(7,194

)

Ending balance operating lease right-of-use asset

 

$

17,851

 

 

$

22,522

 

 

 

 

 

 

 

 

Beginning balance operating lease obligation

 

$

25,610

 

 

$

32,397

 

Lease liability added

 

 

1,486

 

 

 

1,069

 

Repayment and interest accretion

 

 

(6,816

)

 

 

(7,856

)

Ending balance operating lease obligation

 

$

20,280

 

 

$

25,610

 

 

 

 

 

 

 

 

Current portion of operating lease obligation

 

$

8,351

 

 

$

8,169

 

Noncurrent portion of operating lease obligation

 

$

11,929

 

 

$

17,441

 

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of March 31, 2022 are presented in the table below (in thousands):

 

Year Ending June 30,

 

Amount

 

2022 (remaining 3 months)

 

$

2,454

 

2023

 

 

9,321

 

2024

 

 

6,437

 

2025

 

 

3,445

 

2026

 

 

91

 

Thereafter

 

 

 

Total operating lease payments

 

 

21,748

 

Less: imputed interest

 

 

(1,466

)

Present value of operating lease liabilities

 

$

20,282

 

Weighted average remaining lease term (in years)

 

 

2.50

 

Weighted average discount rate

 

 

5.67

%