LEASES (Tables)

9 Months Ended

Mar. 31, 2024

Leases [Abstract]

Assets and Liabilities

The following table provides supplemental balance sheet information related to the Company's operating leases:

($ in thousands)	Balance Sheet Classification	As of March 31, 2024		As of June 30, 2023
Assets:	Operating lease right-of-use assets	$	8,164	$	2,575
Liabilities:
Current	Accrued expenses	$	738	$	1,266
Long-term	Operating lease liabilities, non-current	9,035		2,504
Total lease liabilities		$	9,773	$	3,770

Lease Costs

Supplemental cash flow information and non-cash activity related to our leases are as follows:

($ in thousands)	Nine months ended March 31, 2024		Nine months ended March 31, 2023
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,827	$	1,793
Non-cash activity:
Lease assets obtained in exchange for new operating lease liabilities	$	6,657	$	—

Maturities of Lease Liabilities, Operating Leases

Maturities of lease liabilities by fiscal year for our leases as of March 31, 2024 are as follows:

($ in thousands)	Operating Leases
Remainder of 2024	$	321
2025	1,623
2026	2,341
2027	1,792
2028	1,359
Thereafter	$	6,570
Total lease payments	$	14,006
Less: Imputed interest	(4,233)
Present value of lease liabilities	$	9,773

Schedule of Property and Equipment Used for the Operating Lease Rental Program

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

($ in thousands)	March 31, 2024		June 30, 2023
Cost	$	30,955	28,398
Accumulated depreciation	(24,605)		(23,221)
Net	$	6,350	$	5,177