Leases (Tables)

12 Months Ended

Jun. 30, 2021

Summary of Future Minimum Lease Payments

Future minimum lease payments as of June 30, 2021 are as follows (in thousands):

Fiscal years ending June 30:	Amount
2022	$	12,581
2023		13,104
2024		12,934
2025		12,679
2026		12,516
Thereafter		60,815
Gross lease payments		124,629
Less - present value adjustments		(26,138	)
Less - tenant improvement allowance receivable		(1,088	)
Total operating lease liabilities, net	$	97,403

Components of Lease Cost

The components of lease cost during the year ended June 30, 2021 is shown in the table below (in thousands), while the lease expense during the years ended June 30, 2020 and 2019 was $5.3 million and $2.3 million, respectively.

Operating lease expense	$	7,444
Short-term lease expense		382
Variable lease expense		2,252
Sublease income		(55	)
Total lease cost	$	10,023