Leases (Tables)

3 Months Ended

Sep. 30, 2021

Leases [Abstract]

Components of lease expense

The components of our lease expenses are as follows:

	Three Months Ended
	September 30
(Amounts in Millions)	2021		2020
Operating lease expense	$	1.2	$	0.8
Variable lease expense	1.4		0.7
Total lease expense	$	2.6	$	1.5

Supplemental cash flow and other information related to leases

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

	Three Months Ended
	September 30
(Amounts in Millions)	2021			2020
Cash flow information:
Operating lease payments impacting lease liability	$	1.7		$	1.2
	As of
	September 30
	2021			2020
Other information:
Weighted-average remaining term (in years)	4.1			5.4
Weighted-average discount rate	4.6		%	4.7		%

Future minimum lease payments

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

	Fiscal Year Ended
(Amounts in Millions)	June 30 (1)
2022	$	4.9
2023	5.6
2024	3.4
2025	2.7
2026	1.7
Thereafter	0.9
Total lease payments	$	19.2
Less interest	1.6
Present value of lease liabilities	$	17.6

(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. At September 30, 2021, we had two additional operating leases that have not yet commenced. The first lease, related to a new showroom location, is expected to commence in our second quarter of fiscal year 2022 with a lease term of approximately five and a half years and we will record both a right-of-use asset and lease liability of $0.8 million. The second lease, related to expanded showroom and office space, is expected to commence in our third quarter of fiscal year 2022 with a lease term of approximately eight years and we will record both a right-of-use asset and lease liability of $4.7 million.