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LEASES
9 Months Ended
Mar. 31, 2022
Leases [Abstract]  
LEASES LEASES
Lessee Accounting
The Company has operating leases for office space, warehouses, and office equipment. At March 31, 2022, the Company had the following balances recorded in the balance sheet related to its lease arrangements:
($ in thousands)Balance Sheet ClassificationAs of March 31, 2022As of June 30, 2021
Assets:Operating lease assets$2,661 $3,049 
Liabilities:
CurrentAccrued expenses1,501 1,166 
Long-termOperating lease liabilities, non-current2,763 3,645 
Total lease liabilities$4,264 $4,811 

Components of lease cost are as follows:
($ in thousands)Three months ended March 31, 2022Three months ended March 31, 2021
Operating lease costs*$462 $471 
($ in thousands)Nine months ended March 31, 2022Nine months ended March 31, 2021
Operating lease costs*1,347 1,535 
* 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)Nine months ended March 31, 2022Nine months ended March 31, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities$1,257 $1,155 
Non-cash activity:
Lease assets obtained in exchange for new operating lease liabilities$471 $— 

Maturities of lease liabilities by fiscal year for our leases are as follows:
($ in thousands)Operating
Leases
Remainder of 2022$430 
20231,758 
20241,029 
2025707 
2026628 
Thereafter265 
Total lease payments4,817 
Less: Imputed interest(553)
Present value of lease liabilities$4,264 

Lessor Accounting

Property and equipment used for the operating lease rental program consisted of the following:
($ in thousands)March 31,
2022
June 30,
2021
Cost$22,516 $26,753 
Accumulated depreciation(20,627)(24,487)
Net$1,889 $2,266 

The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of March 31, 2022 are disclosed within Note 6 - Finance Receivables.
LEASES LEASES
Lessee Accounting
The Company has operating leases for office space, warehouses, and office equipment. At March 31, 2022, the Company had the following balances recorded in the balance sheet related to its lease arrangements:
($ in thousands)Balance Sheet ClassificationAs of March 31, 2022As of June 30, 2021
Assets:Operating lease assets$2,661 $3,049 
Liabilities:
CurrentAccrued expenses1,501 1,166 
Long-termOperating lease liabilities, non-current2,763 3,645 
Total lease liabilities$4,264 $4,811 

Components of lease cost are as follows:
($ in thousands)Three months ended March 31, 2022Three months ended March 31, 2021
Operating lease costs*$462 $471 
($ in thousands)Nine months ended March 31, 2022Nine months ended March 31, 2021
Operating lease costs*1,347 1,535 
* 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)Nine months ended March 31, 2022Nine months ended March 31, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities$1,257 $1,155 
Non-cash activity:
Lease assets obtained in exchange for new operating lease liabilities$471 $— 

Maturities of lease liabilities by fiscal year for our leases are as follows:
($ in thousands)Operating
Leases
Remainder of 2022$430 
20231,758 
20241,029 
2025707 
2026628 
Thereafter265 
Total lease payments4,817 
Less: Imputed interest(553)
Present value of lease liabilities$4,264 

Lessor Accounting

Property and equipment used for the operating lease rental program consisted of the following:
($ in thousands)March 31,
2022
June 30,
2021
Cost$22,516 $26,753 
Accumulated depreciation(20,627)(24,487)
Net$1,889 $2,266 

The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of March 31, 2022 are disclosed within Note 6 - Finance Receivables.