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LEASES (Tables)

6 Months Ended

Dec. 31, 2020

At December 31, 2020, the Company has the following balances recorded in the balance sheet related to its lease arrangements:

($ in thousands)

Classification

As of December 31, 2020

Assets

Operating lease right-of-use assets

4,799

Liabilities

Current

Accrued expenses

1,114

Long-term

Operating lease liabilities, non-current

4,241

Components of lease cost are as follows:

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

* 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, 2020		Six months ended December 31, 2019

Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	802	$	962

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

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


	Six months ended December 31, 2020
Weighted-average remaining lease term (years)
Operating leases	4.8

Weighted-average discount rate
Operating leases	6.8	%

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


($ in thousands)	Operating Leases
Remainder of 2021	$	723
2022	1,460
2023	1,492
2024	1,029
2025	707
Thereafter	893
Total lease payments	$	6,304
Less: Imputed interest	(949)
Present value of lease liabilities	$	5,355

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