Leases - (Tables)

9 Months Ended

Mar. 31, 2020

Leases [Abstract]

Components of Operating and Finance Lease Costs

The components of the Company’s operating and finance lease expenses are as follows for the period presented (in thousands):

	Nine Months Ended March 31, 2020
Operating Leases:
Fixed rent expense	$	4,480
Variable rent expense	623
Finance Lease:
Amortization of equipment	2,304
Interest	2,142
Short-term leases
Short-term lease expenses	224
Total lease expenses	$	9,773

Supplemental cash flow information related to the Company’s operating and finance lease is as follows (in thousands):

	Nine Months Ended March 31, 2020
Cash paid from amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,828
Operating cash flows from finance lease	$	2,142
Financing cash flows from finance lease	$	7,213
Non-cash increase in right-of-use operating lease assets *	$	16,009

Schedule of Lease Assets and Liabilities

Supplemental balance sheet information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and discount rate):

	March 31, 2020
Operating Leases:
ROU assets associated with operating leases	$	32,739
Finance Lease:
Property, plant and equipment, gross	$	104,109
Accumulated depreciation	(85,967		)
Property, plant and equipment, net	$	18,142
Weighted average remaining lease term (in years)
Operating leases	9.99
Finance lease	2.97
Weighted average discount rate
Operating leases	4.48		%
Finance lease	5.46		%

Schedule of Operating Lease Future Minimum Lease Payments (Topic 842)

Future minimum lease payments are as follows as of March 31, 2020 (in thousands):

	Operating Leases			Finance Leases
The remainder of 2020	$	1,339		$	4,444
2021	5,090			17,229
2022	4,624			16,386
2023	4,315			11,877
2024	3,934			—
2025	3,514			—
Thereafter	20,663			—
Total minimum lease payments	43,479			49,936
Less amount representing interest	(9,392		)	(4,138		)
Total lease liabilities	$	34,087		$	45,798

Schedule of Finance Lease Future Minimum Lease Payments (Topic 842)

Future minimum lease payments are as follows as of March 31, 2020 (in thousands):

	Operating Leases			Finance Leases
The remainder of 2020	$	1,339		$	4,444
2021	5,090			17,229
2022	4,624			16,386
2023	4,315			11,877
2024	3,934			—
2025	3,514			—
Thereafter	20,663			—
Total minimum lease payments	43,479			49,936
Less amount representing interest	(9,392		)	(4,138		)
Total lease liabilities	$	34,087		$	45,798

Schedule of Future Minimum Rental Payments for Operating Leases (Topic 840)

Prior to the adoption of the new lease standard, future minimum lease payments as of June 30, 2019 were as follows (in thousands):

Year ending June 30,	Operating Leases		Finance Leases
2020	$	4,357	$	14,219
2021	1,741		17,799
2022	1,164		16,928
2023	894		12,269
2024	1,002		—
Thereafter	149		—
Total minimum lease payments	9,307		61,215
Less amount representing interest	—		(6,479		)
Total lease liabilities	$	9,307	$	54,736

Schedule of Future Minimum Lease Payments for Capital Leases (Topic 840)

Prior to the adoption of the new lease standard, future minimum lease payments as of June 30, 2019 were as follows (in thousands):

Year ending June 30,	Operating Leases		Finance Leases
2020	$	4,357	$	14,219
2021	1,741		17,799
2022	1,164		16,928
2023	894		12,269
2024	1,002		—
Thereafter	149		—
Total minimum lease payments	9,307		61,215
Less amount representing interest	—		(6,479		)
Total lease liabilities	$	9,307	$	54,736

Schedule of Operating Lease Right of Use Asset and Liability Prior Period Adjustment

The impact of the correction on the respective balance sheets was as follows (in thousands):

	September 30, 2019						December 31, 2019
	Amounts as reported		Adjustments		Amounts as corrected		Amounts as reported		Adjustments		Amounts as corrected
Operating lease right-of-use assets	$	19,362	$	16,009	$	35,371	$	18,667	$	15,709	$	34,376
Total assets	$	749,912	$	16,009	$	765,921	$	763,140	$	15,709	$	778,849
Operating lease liabilities - Short-term	$	3,767	$	620	$	4,387	$	3,282	$	858	$	4,140
Total current liabilities	$	189,451	$	620	$	190,071	$	184,151	$	858	$	185,009
Operating lease liabilities - Long-term	$	15,815	$	16,054	$	31,869	$	15,559	$	15,778	$	31,337
Total liabilities	$	312,359	$	16,054	$	328,413	$	322,990	$	15,778	$	338,768