Leases

6 Months Ended

Dec. 31, 2021

The Company leases offices, warehouses and other premises, vehicles and certain equipment leased under non-cancelable operating leases. Operating lease expense recognized and supplemental cash flow information related to operating leases for the three and six months ended December 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
Operating lease expense (including expense for lease agreements with related parties of $179 and $425 for the three and six months ended December 31, 2021, respectively, and $347 and $693 for the three and six months ended December 31, 2020, respectively)	$	1,983	$	1,947	$	4,166	$	3,947
Cash payments for operating leases (including payments to related parties of $211 and $490 for the three and six months ended December 31, 2021; $347, and $693 for the three and six months ended December 31, 2020, respectively)	2,008		1,991		4,213		3,957
New operating lease assets obtained in exchange for operating lease liabilities	1,260		662		7,379		2,693

During the three and six months ended December 31, 2021 and 2020, the Company's costs related to short-term lease arrangements for real estate and non-real estate assets were immaterial. Variable payments expensed in the three and six months ended December 31, 2021 were $0.2 million and $0.5 million, respectively. Variable payments expensed in the three and six months ended December 31, 2020 were $0.4 million and $0.8 million, respectively.

As of December 31, 2021, the weighted average remaining lease term for operating leases was 4.1 years and the weighted average discount rate was 3.0%. Maturities of operating lease liabilities under noncancelable operating lease arrangements as of December 31, 2021 were as follows (in thousands):


Fiscal Year:	Minimum lease payments
2022	$	3,575
2023	6,875
2024	5,685
2025	5,537
2026	2,213
2027 and beyond	1,776
Total future lease payments	$	25,661
Less: Imputed interest	(1,605)
Present value of operating lease liabilities	$	24,056

As of December 31, 2021, commitments under short-term lease arrangements, and operating and financing leases that have not yet commenced were immaterial.

The Company has entered into lease agreements with related parties. See Note 8, "Related Party Transactions," for discussion.