XML 46 R32.htm IDEA: XBRL DOCUMENT v3.20.2

Finance and Operating Leases (Tables)

12 Months Ended

Jun. 30, 2020

Finance and Operating Leases

Schedule of present value of the minimum lease payments on finance leases

​

​	​	​	​	​	​	​
​	​	June 30,
​		2020			2019
​		(in thousands)
​	​	​	​	​	​	​
2020	​	$	—	​	$	20,070
2021	​	​	13,587	​	​	4,819
2022	​	​	2,653	​	​	340
2023	​	​	2,040	​	​	—
Total minimum payments	​	​	18,280	​	​	25,229
Less: imputed interest	​	​	(342)	​	​	(581)
Finance lease liability	​	​	17,938	​	​	24,648
Less: current portion of finance lease liability	​	​	(13,304)	​	​	(19,588)
Long-term finance lease liability	​	$	4,634	​	$	5,060

Schedule of future minimum lease payments under non-cancelable operating leases

​

​	​	​	​	​	​	​
​		June 30,
​		2020			2019
​		(in thousands)
​	​	​	​	​	​	​
2020	​	$	—	​	$	8,441
2021	​	​	23,626	​	​	8,229
2022	​	​	22,326	​	​	6,735
2023	​	​	15,841	​	​	550
2024	​	​	14,769	​	​	137
2025	​	​	13,949	​	​	—
Thereafter	​	​	38,544	​	​	—
Total minimum payments	​	​	129,055	​	$	24,092
Less: imputed interest	​	​	(11,822)	​	​	​
Operating lease liability	​	​	117,233	​	​	​
Less: current portion of operating lease liability	​	​	(20,689)	​	​	​
Long-term operating lease liability	​	$	96,544	​	​	​

Schedule of subleasing

​

​	​	​	​	​	​	​
​		Year Ended June 30,
​		2020			2019
​		(in thousands)
​	​	​	​	​	​	​
2020	​	$	—	​	$	930
2021	​	​	1,960	​	​	961
2022	​	​	1,496	​	​	528
2023	​	​	797	​	​	—
2024	​	​	66	​	​	—
Total sublease income	​	$	4,319	​	$	2,419

Schedule of lease cost, weighted-average remaining lease term, weighted-average discount rate

​

​	​	​	​	​	​	​	​
​	​	​		​	​		​
​	​	​		​	June 30, 2020		​
​	​	​	​	​	(in thousands)		​
Lease cost	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Finance lease cost:	​	​	​	​	​	​	​
Amortization of right-of-use assets	​	​	​	​	$	16,740	​
Interest on lease liabilities	​	​	​	​	​	820	​
Operating lease cost	​	​	​	​	​	13,129	​
Short-term lease cost	​	​	​	​	​	1,214	​
Sublease income	​	​	​	​	​	(760)	​
Total lease cost	​	​	​	​	$	31,143	​
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Other information	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Cash paid for amounts included in the measurement of lease liabilities	​	​	​	​	​	​	​
Operating cash flows from operating leases	​	​	​	​	$	(13,124)	​
Financing cash flows from finance leases	​	​	​	​	​	(27,675)	​
Right-of-use assets obtained in exchange for new finance lease liabilities	​	​	​	​	​	17,160	​
Right-of-use assets obtained in exchange for new operating lease liabilities	​	​	​	​	​	6,311	​
Weighted-average remaining lease term - finance leases	​	​	​	​	​	0.79	yrs.
Weighted-average remaining lease term - operating leases	​	​	​	​	​	7.15	yrs.
Weighted-average discount rate - finance leases	​	​	​	​	​	2.86	%
Weighted-average discount rate - operating leases	​	​	​	​	​	2.76	%

X

- Definition

Tabular disclosure of subleasing facilities.

+ References

No definition available.

+ Details

Name:	lrn_ScheduleOfSubleasingTableTextBlock
Namespace Prefix:	lrn_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration