Note E - Leases

9 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

E. Leases

We currently lease our Vista, CA and Lugano, Switzerland product manufacturing and support facilities.

Leases are classified as operating leases. Substantially all our operating leases are comprised of payments for the use of manufacturing and office space. We have no leases classified as finance leases. As of March 31, 2023, the weighted average remaining lease term for our operating leases was 5.8 years and the weighted average discount rate for our operating leases was 4.15%. As of June 30, 2022, the weighted average remaining lease term for our operating leases was 6.3 years and the weighted average discount rate was 4.12%.

Other information related to leases as of March 31, 2023 and March 31, 2022 was as follows (in thousands):

Supplemental Cash Flows Information	Nine Months Ended March 31, 2023		Nine Months Ended March 31, 2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	2,433	$	2,495
Operating lease liabilities arising from obtaining Right of Use Assets for new leases		—	$	182