LEASES

6 Months Ended

Dec. 31, 2021

LEASES

LEASES

7. LEASES

Our significant lease arrangements relate to our office spaces. These arrangements are for leases of assets such as corporate office space and office equipment. We lease office space and office equipment under operating leases expiring at various dates through the year ending December 31, 2030. The following amounts were recorded in the consolidated balance sheets at December 31, 2021 (amounts in thousands):

	Classification	December 31, 2021
Operating Leases
Right-of-use assets - current	Prepaid expenses and other	$	793
Right-of-use assets - non-current	Other assets		5,612
Total right-of-use assets		$	6,405
Lease liabilities - current	Other current liabilities	$	943
Lease liabilities - non-current	Other long-term liabilities		6,688
Total operating lease liabilities		$	7,631

Maturities of operating lease liabilities at December 31, 2021 were as follows (amounts in thousands):

Calendar Years:	Operating Leases
2022	$	1,123
2023		1,120
2024		1,120
2025		1,043
2026		1,044
Thereafter		2,960
Total lease payments	$	8,410
Less imputed interest		(779)
Total	$	7,631

Other information pertaining to leases consists of the following:

	December 31, 2021
Operating Lease Term and Discount Rate
Weighted average remaining lease term in years		7.8
Weighted average discount rate		2.5%

We did not have any finance leases as of December 31, 2021.