Leases (Tables)

12 Months Ended

Jun. 30, 2020

Lessee, Lease, Description [Line Items]

Lease, Cost [Table Text Block]

Operating lease costs are recognized on a straight-line basis over the term of the lease. The components of lease expenses for the twelve months ended June 30, 2020 were as follows:

	Twelve Months Ended June 30, 2020
	(Dollars in Thousands)
Operating lease costs (1)	$	9,230
Total lease costs	$	9,230

________

(1) Operating lease costs include rent and fixed fees

The following table represents the weighted-average remaining lease term and discount rate information related to our operating leases:

	June 30, 2020
Weighted average remaining lease term	5.7 years
Weighted average discount rate	4.4	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table represents the maturities of our operating lease liabilities as of June 30, 2020:

	June 30, 2020
	(Dollars in Thousands)
Year Ending June 30,
2021	$	8,477
2022	8,784
2023	8,167
2024	7,516
2025	5,481
Thereafter	7,370
Total lease payments	45,795
Less: imputed interest	(5,883		)
	$	39,912

The following table represents the contractual obligations for our operating leases as of June 30, 2019:

	June 30, 2019 (1)
	(Dollars in Thousands)
Year Ending June 30,
2020	$	8,399
2021	7,820
2022	6,514
2023	5,862
2024	4,932
Thereafter	3,307
	$	36,834

________

(1) As previously disclosed in our 2019 Annual Report on Form 10-K under the previous lease accounting standard, Topic 840, Leases.