Leases (Tables)

3 Months Ended

Sep. 30, 2020

Summary of Future Minimum Lease Payments

Future minimum lease payments as of September 30, 2020 are as follows (in thousands):

Fiscal years ending June 30:	Amount
Remainder of 2021	$	809
2022		7,207
2023		7,432
2024		7,653
2025		7,704
2026		7,416
Thereafter		40,525
Gross lease payments		78,746
Less - present value adjustments		(20,407	)
Less - tenant improvement allowance receivable		(2,920	)
Total operating lease liabilities, net	$	55,419

Components Of Lease Expense

The components of lease expense during the three months ended September 30, 2020 is shown on the table below (in thousands), while the lease expense during the three months ended September 30, 2019 was $0.7 million.

	Amount
Operating lease expense	$	1,547
Short-term lease expense		141
Variable lease expense		668
Total	$	2,356