LEASES (Tables)

3 Months Ended

Sep. 30, 2021

Leases [Abstract]

Assets and Liabilities

At September 30, 2021, the Company has the following balances recorded in the balance sheet related to its lease arrangements:

($ in thousands)	Balance Sheet Classification	As of September 30, 2021		As of June 30, 2021
Assets:	Operating lease right-of-use assets	$	3,240	$	3,049
Liabilities:
Current	Accrued expenses	$	1,430	$	1,166
Long-term	Operating lease liabilities, non-current	3,535		3,645
Total lease liabilities		$	4,965	$	4,811

Lease Costs

Components of lease cost are as follows:

($ in thousands)	Three months ended September 30, 2021	Three months ended September 30, 2020
Operating lease costs*	442	529

* 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)	Three months ended September 30, 2021		Three months ended September 30, 2020
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	480	$	346
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations:
Operating lease liabilities	$	471	$	—

Maturities of Lease Liabilities, Operating Leases

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

($ in thousands)	Operating Leases
2022	$	1,287
2023	1,758
2024	1,029
2025	707
2026	628
Thereafter	265
Total lease payments	$	5,674
Less: Imputed interest	(709)
Present value of lease liabilities	$	4,965

Property, Plant, and Equipment, Lessor Asset under Operating Lease

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

($ in thousands)	September 30, 2021		June 30, 2021
Cost	$	26,664	26,753
Accumulated depreciation	(24,626)		(24,487)
Net	$	2,038	$	2,266