Leases (Tables)

9 Months Ended

Mar. 31, 2021

Leases [Abstract]

Components of lease expense

The components of our lease expenses are as follows:

	Three Months Ended				Nine Months Ended
	March 31				March 31
(Amounts in Millions)	2021		2020		2021		2020
Operating lease expense	$	1.3	$	0.9	$	3.1	$	2.5
Variable lease expense	1.2		0.6		2.5		1.8
Total lease expense	$	2.5	$	1.5	$	5.6	$	4.3

Supplemental cash flow and other information related to leases

Supplemental cash flow and other information related to leases are as follows:

	Nine Months Ended
	March 31
(Amounts in Millions)	2021			2020
Cash flow information:
Operating lease payments impacting lease liability	$	4.2		$	3.6
Non-cash impact of obtaining new right-of-use assets	$	5.1		$	2.1
	As of
	March 31
	2021			2020
Other information:
Weighted-average remaining term (in years)	4.4			6.1
Weighted-average discount rate	4.5		%	4.7		%

Future minimum lease payments

The following table summarizes the future minimum lease payments as of March 31, 2021:

	Fiscal Year Ended
(Amounts in Millions)	June 30 (1)
2021	$	1.7
2022	6.6
2023	5.6
2024	3.4
2025	2.7
Thereafter	2.6
Total lease payments	$	22.6
Less interest	2.0
Present value of lease liabilities	$	20.6

(1) Lease payments include options to extend lease terms that are reasonably certain of being exercised. The payments exclude legally binding minimum lease payments for leases signed but not yet commenced.