LEASES

3 Months Ended

Sep. 30, 2024

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	September 30, 2024		June 30, 2024
Assets:	Operating lease right-of-use assets	$	8,276	$	7,986
Liabilities:
Current	Accrued expenses	$	1,432	$	1,320
Long-term	Other noncurrent liabilities	8,759		8,457
Total lease liabilities		$	10,191	$	9,777

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

($ in thousands)	Three months ended September 30,
	2024		2023
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	485	$	604
Non-cash activity:
Right-of-use assets obtained in exchange for new lease obligations	$	290	$	1,788

Maturities of lease liabilities by fiscal year for our leases as of September 30, 2024 are as follows:

($ in thousands)	Operating Leases
Remainder of 2025	$	1,345
2026	2,405
2027	1,958
2028	1,456
2029	1,491
Thereafter	5,720
Total lease payments	14,375
Less: Imputed interest	(4,184)
Present value of lease liabilities	$	10,191

Lessor Accounting

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

($ in thousands)	September 30, 2024		June 30, 2024
Cost	$	32,777	$	32,513
Accumulated depreciation	(25,229)		(24,742)
Net	$	7,548	$	7,771

For the three months ended September 30, 2024 and 2023, the Company recognized $2.3 million and $2.0 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.

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 September 30, 2024 are disclosed within Note 4 - 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	September 30, 2024		June 30, 2024
Assets:	Operating lease right-of-use assets	$	8,276	$	7,986
Liabilities:
Current	Accrued expenses	$	1,432	$	1,320
Long-term	Other noncurrent liabilities	8,759		8,457
Total lease liabilities		$	10,191	$	9,777

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

($ in thousands)	Three months ended September 30,
	2024		2023
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	485	$	604
Non-cash activity:
Right-of-use assets obtained in exchange for new lease obligations	$	290	$	1,788

Maturities of lease liabilities by fiscal year for our leases as of September 30, 2024 are as follows:

($ in thousands)	Operating Leases
Remainder of 2025	$	1,345
2026	2,405
2027	1,958
2028	1,456
2029	1,491
Thereafter	5,720
Total lease payments	14,375
Less: Imputed interest	(4,184)
Present value of lease liabilities	$	10,191

Lessor Accounting

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

($ in thousands)	September 30, 2024		June 30, 2024
Cost	$	32,777	$	32,513
Accumulated depreciation	(25,229)		(24,742)
Net	$	7,548	$	7,771

For the three months ended September 30, 2024 and 2023, the Company recognized $2.3 million and $2.0 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.

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 September 30, 2024 are disclosed within Note 4 - 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	September 30, 2024		June 30, 2024
Assets:	Operating lease right-of-use assets	$	8,276	$	7,986
Liabilities:
Current	Accrued expenses	$	1,432	$	1,320
Long-term	Other noncurrent liabilities	8,759		8,457
Total lease liabilities		$	10,191	$	9,777

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

($ in thousands)	Three months ended September 30,
	2024		2023
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	485	$	604
Non-cash activity:
Right-of-use assets obtained in exchange for new lease obligations	$	290	$	1,788

Maturities of lease liabilities by fiscal year for our leases as of September 30, 2024 are as follows:

($ in thousands)	Operating Leases
Remainder of 2025	$	1,345
2026	2,405
2027	1,958
2028	1,456
2029	1,491
Thereafter	5,720
Total lease payments	14,375
Less: Imputed interest	(4,184)
Present value of lease liabilities	$	10,191

Lessor Accounting

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

($ in thousands)	September 30, 2024		June 30, 2024
Cost	$	32,777	$	32,513
Accumulated depreciation	(25,229)		(24,742)
Net	$	7,548	$	7,771

For the three months ended September 30, 2024 and 2023, the Company recognized $2.3 million and $2.0 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.

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 September 30, 2024 are disclosed within Note 4 - Finance Receivables.