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Leases (Tables)
3 Months Ended
Sep. 30, 2020
Lessee Disclosure [Abstract]  
Schedule of Maturities of Operating Lease Liabilities

The following table provides details of the Company’s future minimum lease payments under operating lease liabilities recorded on the Company’s condensed consolidated balance sheet as of September 30, 2020. The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.

Fiscal years ending June 30,

Total Operating Lease Obligations (in thousands)

2021 (remainder of)

$

1,578

 

2022

1,909

 

2023

1,507

 

2024

708

 

2025

491

 

Thereafter

2,107

 

Total minimum lease payments

$

8,300

 

Less: amounts representing interest

711

 

Present value of minimum lease payments

$

7,589

 

Less: current portion

1,882

 

Long-term portion

$

5,707

 

Schedule of Operating Leases

The table below presents additional information related to the Company’s operating leases (in thousands):

Three months ended September 30, 2020

Operating lease cost

 

Operating lease cost (1)

$

474

 

Short-term lease cost (1)

12

 

Variable lease cost (1)

116

 

Total lease cost

$

602

 

(1) Expenses are classified within selling, general and administrative expenses in the Company’s condensed consolidated statement of operations.

The table below presents lease-related terms and discount rates as of September 30, 2020:

September 30, 2020

Weighted average remaining lease terms

Operating leases

5.9 years

Weighted average discount rate

Operating leases

3.2%

Schedule of Supplemental Cash Flow Information Related to Company's Long-Term Operating Lease Liabilities

The table below presents supplemental cash flow information related to the Company’s long-term operating lease liabilities as of September 30, 2020 (in thousands):

Three months ended September 30, 2020

Cash paid for amounts included in the measurement of lease liabilities:

$

474

 

Operating lease right-of-use assets obtained in exchange for operating lease liabilities:

$

1,928

 

Schedule of Minimum future rental commitments

The future minimum lease payments receivable for sales type leases are as follows (in thousands):

Fiscal years ending June 30,

Total Minimum

Lease Payments

Receivable

Amortization

of Unearned

Income

Net Investment

in Sales Type

Leases

2021 (remainder of)

$

1,341

$

702

$

639

 

2022

1,313

682

631

 

2023

913

457

456

 

2024

589

261

328

 

2025

230

109

121

 

Thereafter

299

135

164

 

$

2,339*

 

* Excludes residual values of $1.7 million.