LEASES (Tables)

9 Months Ended

Mar. 31, 2022

Leases [Abstract]

Assets and Liabilities

At March 31, 2022, the Company had the following balances recorded in the balance sheet related to its lease arrangements:

($ in thousands)	Balance Sheet Classification	As of March 31, 2022		As of June 30, 2021
Assets:	Operating lease assets	$	2,661	$	3,049
Liabilities:
Current	Accrued expenses	1,501		1,166
Long-term	Operating lease liabilities, non-current	2,763		3,645
Total lease liabilities		$	4,264	$	4,811

Lease Costs

Components of lease cost are as follows:

($ in thousands)	Three months ended March 31, 2022		Three months ended March 31, 2021
Operating lease costs*	$	462	$	471

($ in thousands)	Nine months ended March 31, 2022	Nine 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, 2022		Nine 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, Operating Leases

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

($ in thousands)	Operating Leases
Remainder of 2022	$	430
2023	1,758
2024	1,029
2025	707
2026	628
Thereafter	265
Total lease payments	4,817
Less: Imputed interest	(553)
Present value of lease liabilities	$	4,264

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)	March 31, 2022		June 30, 2021
Cost	$	22,516	$	26,753
Accumulated depreciation	(20,627)		(24,487)
Net	$	1,889	$	2,266