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Leases
3 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases

Note 5. Leases

 

The Company has operating leases for corporate offices and warehouse facilities worldwide. Additionally, the Company leases cars, copy machines and laptops through various operating leases. For some leases the Company has entered into non-cancelable operating lease agreements with various expiration dates through June 2025. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments.

 

Operating lease costs for the three months ended September 30, 2020 were $2.4 million not including $0.1 million short-term operating lease costs.  

 

For the three months ended September 30, 2020, cash paid for amounts included in the measurement of operating lease liabilities was approximately $2.4 million. Operating lease liabilities arising from obtaining operating right-of-use assets totaled $0.2 million for the three months ended September 30, 2020.

 

Maturities of operating lease liabilities as of September 30, 2020 are presented in the table below (in thousands):

 

Year Ending June 30,

 

Amount

 

2021 (remaining 9 months)

 

$

7,171

 

2022

 

 

9,311

 

2023

 

 

8,676

 

2024

 

 

5,922

 

2025

 

 

3,032

 

Thereafter

 

 

 

Total operating lease payments

 

 

34,112

 

Less: imputed interest

 

 

(3,136

)

Present value of operating lease liabilities

 

$

30,976

 

Weighted average remaining lease term (in years)

 

 

3.88

 

Weighted average discount rate

 

 

5.28

%