Leases (Tables)

9 Months Ended

Mar. 31, 2022

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)	2022		2021		2022		2021
Operating lease expense	$	1.2	$	1.3	$	3.6	$	3.1
Variable lease expense	1.1		1.2		2.8		2.5
Total lease expense	$	2.3	$	2.5	$	6.4	$	5.6

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)	2022			2021
Cash flow information:
Operating lease payments impacting lease liability	$	5.8		$	4.2
Non-cash impact of obtaining new right-of-use assets	$	6.3		$	5.1
	As of
	March 31
	2022			2021
Other information:
Weighted-average remaining term (in years)	4.8			4.4
Weighted-average discount rate	4.4		%	4.5		%

Future minimum lease payments

The following table summarizes the future minimum lease payments as of March 31, 2022:

	Fiscal Year Ended
(Amounts in Millions)	June 30 (1)
2022	$	1.5
2023	6.0
2024	4.5
2025	3.8
2026	2.8
Thereafter	3.9
Total lease payments	$	22.5
Less interest	2.2
Present value of lease liabilities	$	20.3

(1) Lease payments include options to extend lease terms that are reasonably certain of being exercised.