Leases

9 Months Ended

Mar. 31, 2023

Leases [Abstract]

Leases

LEASESThe Company has non-cancelable operating leases for office and other facilities in various locations, and certain equipment, which expire through 2031. Also, the Company subleases part of its office facility in Draper, Utah under a non-cancellable operating lease that expires in December 2025. The Company's leases do not contain any material residual value guarantees.

As of March 31, 2023, the weighted-average remaining term of these operating leases is 7.5 years and the weighted-average discount rate used to estimate the net present value of the operating lease liabilities was 5.10%.

The total amounts paid included in the measurement of operating lease liabilities were $4.0 million and $11.3 million during the three and nine months ended March 31, 2023, respectively, and $3.9 million and $10.3 million during the three and nine months ended March 31, 2022, respectively.

The total amounts of right-of-use assets obtained in exchange for new operating lease liabilities were not material during the three and nine months ended March 31, 2023 and 2022.

The components of lease expense during the three and nine months ended March 31, 2023 and 2022 is shown on the table below (in thousands).

	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Operating lease expense (1)	$	3,651	$	3,580	$	10,531	$	10,175
Variable lease expense, net of credit	593		(345)		1,518		2,564
Sublease income	(152)		(215)		(441)		(546)
Total	$	4,092	$	3,020	$	11,608	$	12,193

(1) Includes short-term lease, which is not material for the three and nine months ended March 31, 2023 and 2022.