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Leases | 12 Months Ended
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Jun. 30, 2020
Leases |
Leases | (12) Leases ​ The Company primarily leases office space in Illinois, Florida, Idaho and other U.S. states under non-cancellable operating leases expiring on various dates from July 2020 through October 2032. The leases provide for increasing annual base rents and oblige the Company to fund its proportionate share of operating expenses and, in certain cases, real estate taxes. The Company also leases various types of office and production related equipment under non-cancellable operating leases expiring on various dates from July 2020 through July 2024. ​ The components of operating lease expense were as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended | ​
​ | ​ | June 30, 2020 | ​
Operating lease cost | ​ | $ | 9,686 | ​
Short-term lease cost | ​ | ​ | 40 | ​
Variable lease cost | ​ | ​ | 3,167 | ​
Total lease costs | ​ | $ | 12,893 | ​
​ The classification of the Company’s operating lease right-of-use assets, operating lease liabilities and other supplemental information related to the Company’s operating leases are as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2020 | ​ | ​
Operating lease right-of-use assets | ​ | $ | 48,658 | ​ | ​
Accrued expenses | ​ | $ | 8,083 | ​ | ​
Long-term operating lease liabilities | ​ | $ | 73,299 | ​ | ​
Weighted-average remaining lease term (years) | ​ | ​ | 10.32 | ​ | ​
Weighted-average discount rate | ​ | ​ | 3.83 | % | ​
​ The following table summarizes supplemental cash flow information related to the Company’s operating leases: ​
​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended | ​
​ | ​ | June 30, 2020 | ​
Cash paid for amounts included in the measurement of operating lease liabilities | ​ | $ | 10,374 | ​
Operating lease assets obtained in exchange for new liabilities | ​ | $ | 3,123 | ​
​ The undiscounted cash flows for future maturities of the Company’s operating lease liabilities and the reconciliation to the balance of operating lease liabilities reflected on the Company’s balance sheet are as follows as of June 30, 2020: ​
​ | ​ | ​ | ​ | ​
Fiscal 2021 | ​ | $ | 10,978 | ​
Fiscal 2022 | ​ | ​ | 9,700 | ​
Fiscal 2023 | ​ | ​ | 9,324 | ​
Fiscal 2024 | ​ | ​ | 9,307 | ​
Fiscal 2025 | ​ | ​ | 9,246 | ​
Thereafter | ​ | ​ | 50,967 | ​
Total undiscounted cash flows | ​ | ​ | 99,522 | ​
Less: Present value discount | ​ | ​ | (18,140) | ​
Total operating lease liabilities | ​ | $ | 81,382 | ​
​ As of June 30, 2020, the Company had not entered into any leases that had not yet commenced. ​ Rental expense for operating leases in accordance with ASC 840, Leases, (“Topic 840”) was $8,242 and $9,752 for the years ended June 30, 2018 and 2019, respectively. ​ Future minimum lease payments under non-cancellable operating leases (with initial or remaining terms in excess of one year) as of June 30, 2019 under Topic 840 were as follows: ​
​ | ​ | ​ | ​ | ​
Fiscal 2020 | ​ | $ | 10,449 | ​
Fiscal 2021 | ​ |  | 11,150 | ​
Fiscal 2022 | ​ |  | 9,500 | ​
Fiscal 2023 | ​ |  | 8,840 | ​
Fiscal 2024 | ​ |  | 8,838 | ​
Thereafter | ​ |  | 59,401 | ​
Total minimum lease payments | ​ | $ | 108,178 | ​
​

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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