LEASES (Tables)

6 Months Ended

Dec. 31, 2021

Leases [Abstract]

Assets and Liabilities

At December 31, 2021, the Company has the following balances recorded in the balance sheet related to its lease arrangements:

($ in thousands)	Balance Sheet Classification	As of December 31, 2021		As of June 30, 2021
Assets:	Operating lease assets	$	2,949	$	3,049
Liabilities:
Current	Accrued expenses	$	1,465	$	1,166
Long-term	Operating lease liabilities, non-current	3,154		3,645
Total lease liabilities		$	4,619	$	4,811

Lease Costs

Components of lease cost are as follows:

($ in thousands)	Three months ended December 31, 2021	Three months ended December 31, 2020
Operating lease costs*	443	535

($ in thousands)	Six months ended December 31, 2021	Six months ended December 31, 2020
Operating lease costs*	885	1,064

* 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, 2021		Six months ended December 31, 2020
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	840	$	802
Non-cash activity:
Lease assets obtained in exchange for new 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
Remainder of 2022	$	861
2023	1,758
2024	1,029
2025	707
2026	628
Thereafter	265
Total lease payments	$	5,248
Less: Imputed interest	(629)
Present value of lease liabilities	$	4,619

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)	December 31, 2021		June 30, 2021
Cost	$	22,205	26,753
Accumulated depreciation	(20,409)		(24,487)
Net	$	1,796	$	2,266