Leases (Tables)

12 Months Ended

Jun. 30, 2021

Leases [Abstract]

Lease, Components of Lease Expense

The components of our lease expenses are as follows:

	Year Ended		Year Ended
(Amounts in Millions)	June 30, 2021		June 30, 2020
Operating lease expense	$	4.5	$	3.4
Variable lease expense	3.5		2.5
Total lease expense	$	8.0	$	5.9

Supplemental cash flow and other information related to leases

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

	Year Ended			Year Ended
(Amounts in Millions)	June 30, 2021			June 30, 2020
Cash flow information:
Operating lease payments impacting lease liability	$	5.9		$	4.8
Non-cash impact of obtaining new right-of-use assets	$	0.1		$	2.6
	As of			As of
	June 30, 2021			June 30, 2020
Other information:
Weighted-average remaining term (in years)	4.3			5.7
Weighted-average discount rate	4.6		%	4.7		%

Future Minimum Lease Payments

The following table summarizes the future minimum lease payments as of June 30, 2021:

	Fiscal Year Ended
(Amounts in Millions)	June 30 (1)
2022	$	6.6
2023	5.6
2024	3.4
2025	2.7
2026	1.7
Thereafter	0.9
Total lease payments	$	20.9
Less interest	1.8
Present value of lease liabilities	$	19.1

(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. At June 30, 2021, we have an additional operating lease that has not yet commenced for which we will record both a right-of-use asset and lease liability of $0.8 million. The lease is expected to commence in our first quarter of fiscal year 2022 with a lease term of approximately five and a half years.