LEASES (Tables)

6 Months Ended

Dec. 31, 2019

At December 31, 2019, the Company has the following balances recorded in the balance sheet related to its lease arrangements:



($ in thousands)	Classification	As of December 31, 2019

Assets
Operating leases	Operating lease right-of-use assets	$	6,281
Finance leases	Property and equipment, net	98

Liabilities
Current:
Operating leases	Accrued expenses	1,134
Finance leases	Capital lease obligations and current obligations under long-term debt	75

Non-current:
Operating leases	Operating lease liabilities, non-current	5,299
Finance leases	Capital lease obligations and long-term debt, less current portion	$	29

Components of lease cost are as follows:

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:



($ in thousands)	Six months ended December 31, 2019

Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities
Financing cash flows from finance leases	$	47
Operating cash flows from finance leases	6
Operating cash flows from operating leases	962

Non-cash activity
Right-of-use assets obtained in exchange for lease obligations:
Finance lease liabilities	12
Operating lease liabilities	$	3,384

Weighted-average remaining lease term and discount rate for our leases are as follows:



	Six months ended December 31, 2019
Weighted-average remaining lease term
Finance leases	1.5
Operating leases	5.6

Weighted-average discount rate
Finance leases	9.8	%
Operating leases	6.8	%

Maturities of lease liabilities by fiscal year for our leases are as follows:



($ in thousands)	Operating Leases		Finance Leases
Remainder of 2020	$	818	$	55
2021	1,440		46
2022	1,461		16
2023	1,493		2
2024	1,030		1
Thereafter	1,520		—
Total lease payments	$	7,762	$	120
Less: Imputed interest	1,329		16
Present value of lease liabilities	$	6,433	$	104

Maturities of lease liabilities by fiscal year for our leases are as follows:



($ in thousands)	Operating Leases		Finance Leases
Remainder of 2020	$	818	$	55
2021	1,440		46
2022	1,461		16
2023	1,493		2
2024	1,030		1
Thereafter	1,520		—
Total lease payments	$	7,762	$	120
Less: Imputed interest	1,329		16
Present value of lease liabilities	$	6,433	$	104

The Company's future minimum lease commitments as of June 30, 2019, under ASC Topic 840, the predecessor to Topic 842, are as follows:



($ in thousands)	Operating Leases		Capital Leases
2020	$	1,326	$	106
2021	1,151		34
2022	1,180		12
2023	1,208		1
2024	859		1
Thereafter	1,550		—
Total minimum lease payments	$	7,274	$	154
Less: interest			(14		)
Present value of minimum lease payments, net			140
Less: current obligations under capital leases			(106		)
Obligations under capital leases, noncurrent			$	34

The Company's future minimum lease commitments as of June 30, 2019, under ASC Topic 840, the predecessor to Topic 842, are as follows:



($ in thousands)	Operating Leases		Capital Leases
2020	$	1,326	$	106
2021	1,151		34
2022	1,180		12
2023	1,208		1
2024	859		1
Thereafter	1,550		—
Total minimum lease payments	$	7,274	$	154
Less: interest			(14		)
Present value of minimum lease payments, net			140
Less: current obligations under capital leases			(106		)
Obligations under capital leases, noncurrent			$	34

Property and equipment used for the operating lease rental program consisted of the following: