LEASES

12 Months Ended

Jun. 30, 2022

Leases [Abstract]

LEASES

LEASES

Lessee accounting

We have operating leases which are primarily real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:

($ in thousands)	Balance Sheet Classification	As of June 30, 2022		As of June 30, 2021
Assets
Operating leases	Operating lease right-of-use assets	$	2,370	$	3,049
Liabilities
Current	Accrued expenses	1,538		1,166
Long-term	Operating lease liabilities, non-current	2,366		3,645
Total lease liabilities		$	3,904	$	4,811

Components of lease cost are as follows:

($ in thousands)	Year ended June 30, 2022		Year ended June 30, 2021
Operating lease costs*	$	1,923	$	2,079

* 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)	Year ended June 30, 2022		Year ended June 30, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,737	$	1,635
Non-cash activity
Right-of-use assets obtained in exchange for lease obligations
Operating lease liabilities	$	471	$	—

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

	Year ended June 30, 2022		Year ended June 30, 2021
Weighted-average remaining lease term (years)
Operating leases	3.4		4.3
Weighted-average discount rate
Operating leases	6.8	%	6.9	%

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

($ in thousands)	Operating Leases
2023	$	1,758
2024	1,029
2025	707
2026	628
2027	265
Thereafter	—
Total lease payments	$	4,387
Less: Imputed interest	(483)
Present value of lease liabilities	$	3,904

Lessor accounting

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

($ in thousands)	June 30, 2022		June 30, 2021
Cost	$	25,242	26,753
Accumulated depreciation	(22,914)		(24,487)
Net	$	2,328	$	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 June 30, 2022 are disclosed within Note 7, Finance Receivables.

LEASES

LEASES

Lessee accounting

We have operating leases which are primarily real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:

($ in thousands)	Balance Sheet Classification	As of June 30, 2022		As of June 30, 2021
Assets
Operating leases	Operating lease right-of-use assets	$	2,370	$	3,049
Liabilities
Current	Accrued expenses	1,538		1,166
Long-term	Operating lease liabilities, non-current	2,366		3,645
Total lease liabilities		$	3,904	$	4,811

Components of lease cost are as follows:

($ in thousands)	Year ended June 30, 2022		Year ended June 30, 2021
Operating lease costs*	$	1,923	$	2,079

* 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)	Year ended June 30, 2022		Year ended June 30, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,737	$	1,635
Non-cash activity
Right-of-use assets obtained in exchange for lease obligations
Operating lease liabilities	$	471	$	—

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

	Year ended June 30, 2022		Year ended June 30, 2021
Weighted-average remaining lease term (years)
Operating leases	3.4		4.3
Weighted-average discount rate
Operating leases	6.8	%	6.9	%

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

($ in thousands)	Operating Leases
2023	$	1,758
2024	1,029
2025	707
2026	628
2027	265
Thereafter	—
Total lease payments	$	4,387
Less: Imputed interest	(483)
Present value of lease liabilities	$	3,904

Lessor accounting

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

($ in thousands)	June 30, 2022		June 30, 2021
Cost	$	25,242	26,753
Accumulated depreciation	(22,914)		(24,487)
Net	$	2,328	$	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 June 30, 2022 are disclosed within Note 7, Finance Receivables.

LEASES

LEASES

Lessee accounting

We have operating leases which are primarily real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:

($ in thousands)	Balance Sheet Classification	As of June 30, 2022		As of June 30, 2021
Assets
Operating leases	Operating lease right-of-use assets	$	2,370	$	3,049
Liabilities
Current	Accrued expenses	1,538		1,166
Long-term	Operating lease liabilities, non-current	2,366		3,645
Total lease liabilities		$	3,904	$	4,811

Components of lease cost are as follows:

($ in thousands)	Year ended June 30, 2022		Year ended June 30, 2021
Operating lease costs*	$	1,923	$	2,079

* 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)	Year ended June 30, 2022		Year ended June 30, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,737	$	1,635
Non-cash activity
Right-of-use assets obtained in exchange for lease obligations
Operating lease liabilities	$	471	$	—

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

	Year ended June 30, 2022		Year ended June 30, 2021
Weighted-average remaining lease term (years)
Operating leases	3.4		4.3
Weighted-average discount rate
Operating leases	6.8	%	6.9	%

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

($ in thousands)	Operating Leases
2023	$	1,758
2024	1,029
2025	707
2026	628
2027	265
Thereafter	—
Total lease payments	$	4,387
Less: Imputed interest	(483)
Present value of lease liabilities	$	3,904

Lessor accounting

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

($ in thousands)	June 30, 2022		June 30, 2021
Cost	$	25,242	26,753
Accumulated depreciation	(22,914)		(24,487)
Net	$	2,328	$	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 June 30, 2022 are disclosed within Note 7, Finance Receivables.