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Leases (Tables)
9 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Assets And Liabilities, Lessee
Supplemental unaudited consolidated balance sheet information related to leases is as follows:
 
 
Classification
 
March 31, 2020
(In thousands)
 
 
 
 
Operating lease assets
 
Right-of-use operating lease assets
 
$
21,789

Finance lease assets
 
Property, plant and equipment, net
 
22

Total lease assets
 
 
 
$
21,811

 
 
 
 
 
Operating lease liabilities - current
 
Operating lease liabilities - current
 
$
6,031

Operating lease liabilities - noncurrent
 
Operating lease liabilities - noncurrent
 
16,010

Finance lease liabilities
 
Other long-term liabilities
 
22

Total lease liabilities
 
 
 
$
22,063


Lease term and discount rate:
 
 
March 31, 2020
Weighted-average remaining lease terms (in years):
 
 
Operating lease
 
8.5

Finance lease
 
0.4

 
 
 
Weighted-average discount rate:
 
 
Operating lease
 
4.50
%
Finance lease
 
4.50
%

Lease, Cost
The components of lease expense are as follows:
 
 
 
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
 
Classification
 
2020
 
2020
(In thousands)
 
 
 
 
 
 
Operating lease expense
 
General and administrative expenses and cost of goods sold
 
$
1,497

 
$
3,858

Finance lease expense:
 
 
 
 
 
 
Amortization of finance lease assets
 
General and administrative expenses
 
13

 
39

Interest on finance lease liabilities
 
Interest expense
 

 
1

Total lease expense
 
 
 
$
1,510

 
$
3,898


Other Information:
 
 
Nine Months Ended 
 March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
 
$
3,585

Operating cash flows from finance leases
 
$
1

Financing cash flows from finance leases
 
$
38

 
 
 
Leased assets obtained in exchange for new finance lease liabilities
 
$

Leased assets obtained in exchange for new operating lease liabilities
 
$


Lessee, Operating Lease, Liability, Maturity
 
 
March 31, 2020
(In thousands)
 
Operating Leases
 
Finance Leases
Maturities of lease liabilities are as follows:
 
 
 
 
2020
 
$
1,532

 
$
13

2021
 
5,764

 
9

2022
 
4,357

 

2023
 
3,711

 

2024
 
3,375

 

Thereafter
 
6,272

 

Total lease payments
 
25,011

 
22

Less: interest
 
(2,970
)
 

Total lease obligations
 
$
22,041

 
$
22


Schedule of Future Minimum Rental Payments for Operating Leases
The minimum annual payments under operating and capital leases as of June 30, 2019 are as follows: 
(In thousands)
 
Operating
 Lease
Obligations
 
Capital 
Lease
Obligations
Year Ended June 30,
 
 
 
 
2020
 
$
4,434

 
$
36

2021
 
3,238

 
1

2022
 
2,472

 

2023
 
2,131

 

2024
 
2,025

 

Thereafter
 
4,389

 

Total minimum lease payments
 
$
18,689

 
37

Less: imputed interest
(0.82% to 10.66%)
 
 
 
(2
)
Present value of future minimum lease payments
 
 
 
35

Less: current portion
 
 
 
(34
)
Long-term capital lease obligations
 
 
 
$
1