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Leases | 3 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Leases | Note 8. Leases The Company leases the majority of its office space in the U.S., U.K., Singapore and Ukraine under non-cancelable operating lease agreements, which have various expiration dates through June 2030, some of which include options to extend the leases for up to 5 years. As part of the Company's continuing assessment of its facilities requirements, in September 2022, the Company exited a portion of the leased office space in its headquarters in Palo Alto, California and amended the underlying lease agreement to relieve the Company of certain lease payments. As a result, the Company assessed the right-of-use (“ROU”) asset associated with the leased office space and deemed it to be impaired. The Company also assessed the lease liability in view of the amended lease agreement. The Company recorded a net charge of $1.9 million in connection with the impairment of the related ROU asset and the reassessment of the lease liability, which was included in its unaudited condensed consolidated statements of operations during the three months ended September 30, 2022. The components of lease costs were as follows (in thousands):
|  | Three Months Ended September 30, |
Operating Leases: |  | 2023 |  |  | 2022 |
Operating lease cost (1) |  | $ | 1,500 |  |  | $ | 1,682 |
Short-term lease cost |  |  | 271 |  |  |  | 210 |
(1) Amount excluded a net charge of $1.9 million related to lease modification and impairment for the three months ended September 30, 2022 as described above. The weighted-average remaining lease term of the Company's operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows:
Lease Term and Discount Rate: |  | September 30, 2023 |  |  | September 30, 2022 |
Weighted-average remaining lease term (in years) |  |  | 6.0 |  |  |  | 6.4 |
Weighted-average discount rate |  |  | 7.1 | % |  |  | 7.1 | %
The following table presents supplemental cash flow information related to the Company's operating leases (in thousands):
|  | Three Months Ended September 30, |
|  | 2023 |  |  | 2022 |
Cash payments included in the measurement of operating lease liabilities |  | $ | 1,695 |  |  | $ | 1,965 |
Current operating lease liabilities of $4.3 million and $4.7 million were included in other current liabilities on the Company’s unaudited condensed consolidated balance sheets as of September 30, 2023 and June 30, 2023, respectively. As of September 30, 2023, remaining maturities of operating lease liabilities are as follows (in thousands):
Fiscal Year Ending June 30, |  | Amount |
2024 (remaining 9 months) |  | $ | 4,272 |
2025 |  |  | 3,764 |
2026 |  |  | 3,371 |
2027 |  |  | 2,838 |
2028 |  |  | 3,121 |
2029 and thereafter |  |  | 6,379 |
Total lease payments |  |  | 23,745 |
Less: imputed interest |  |  | (4,424 | )
Present value of operating lease liabilities |  | $ | 19,321 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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