LEASES

12 Months Ended

Jun. 30, 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 fiscal year ending June 30, 2030. The following amounts were recorded in the consolidated balance sheets at June 30, 2021 (amounts in thousands):

	Classification	June 30, 2021
Operating Leases
Right-of-use assets - current	Prepaid expenses and other	$	801
Right-of-use assets - non-current	Other assets		6,009
Total right-of-use assets		$	6,810
Lease liabilities - current	Other current liabilities	$	957
Lease liabilities - non-current	Other long-term liabilities		7,197
Total operating lease liabilities		$	8,154

Maturities of operating lease liabilities at June 30, 2021 were as follows (amounts in thousands):

Fiscal Years:	Operating Leases
2022	$	1,149
2023		1,126
2024		1,126
2025		1,088
2026		1,051
Thereafter		3,495
Total lease payments	$	9,035
Less imputed interest		(881)
Total	$	8,154

Other information pertaining to leases consists of the following:

	June 30, 2021
Operating Lease Term and Discount Rate
Weighted average remaining lease term in years		8.3
Weighted average discount rate		2.5%

We did not have any finance leases as of June 30, 2021.