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Leases | 12 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Leases | 9. Leases Lessee Considerations The Company leases certain facilities, equipment, and vehicles under operating leases that expire on various dates through fiscal 2032. Its leases generally have terms that range from one year to ten years for its facilities, one year to five years for equipment, and one year to five years for vehicles. Some of its leases contain renewal options, escalation clauses, rent concessions, and leasehold improvement incentives. The Company determines if an arrangement is a lease at inception. The Company has elected not to recognize a lease liability or right-of-use (“ROU”) asset for short-term leases (leases with a term of twelve months or less). Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The interest rate used to determine the present value of future payments is the Company’s incremental borrowing rate at the commencement date because the rate implicit in the leases are not readily determinable. The Company’s incremental borrowing rate is the rate for collateralized borrowings based on the current economic environment, credit history, credit rating, value of leases, currency in which the lease obligation is satisfied, rate sensitivity, lease term and materiality. The biggest drivers having the greatest effect determining the incremental borrowing rate for each one of the Company’s leases are term of the lease and the currency in which the lease obligation is satisfied. Operating lease assets also included a reclassification for previous asset impairments and associated restructuring liabilities, deferred rent, lease incentives and initial direct costs which reduced the operating lease ROU assets as of July 1, 2019. Some operating leases contain lease and non-lease components. Certain lease contracts include fixed payments for services, such as operations, maintenance, or other services. The Company has elected to account for fixed lease and non-lease components as a single lease component except for the logistic service asset class. Cash payments made for non-lease costs and variable lease costs are not included in the measurement of operating lease assets and liabilities and are recognized in the Company’s consolidated statements of operations as incurred. Some lease terms include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless it is reasonably certain that it will exercise that option. The Company’s lease agreements do not contain any residual value guarantees. Activity and other information relating to operating leases is as follows (in thousands, except for lease term and discount rate):
|  | Year Ended |
|  | June 30, 2022 |  | June 30, 2021 |
Operating lease costs | $ | 16,852 |  | $ | 18,840 |
Variable lease costs |  |  | 6,921 |  |  | 6,487 |
Cash paid for amounts included in the measurement of operating liabilities |  | 20,890 |  |  | 22,676 |
ROU assets obtained for new lease obligations |  | 18,641 |  |  | 2,162 |
|  | June 30, 2022 |  | June 30, 2021 |
Weighted average remaining lease term (in years) |  | 4.8 |  |  | 3.7 |
Weighted Average Discount Rate |  | 4.7 | % |  | 4.5 | %
Short-term lease expense, which represents expense for leases with terms of one year or less, was not material for the years ended June 30, 2022 and 2021. The maturities of the Company’s operating lease liabilities as of June 30, 2022 by fiscal year are as follows:
|  | Operating Leases (in thousands) |
2023 |  | $ | 14,460 |
2024 |  |  | 10,430 |
2025 |  |  | 7,769 |
2026 |  |  | 7,521 |
2027 |  |  | 6,673 |
Thereafter |  |  | 6,404 |
Total future minimum lease payments |  |  | 53,257 |
Less amount representing interest |  |  | (6,045 | )
Total operating lease liabilities |  | $ | 47,212 |
Operating lease liabilities, current |  | $ | 13,956 |
Operating lease liabilities, non-current |  | $ | 33,256 |
Sublease Considerations The Company currently is a sublessor on several operating facility subleases that expire on various dates through fiscal 2023. The subleases have original terms ranging from two to six years and extend through the term of the underlying leases. The subleases do not include renewal options, purchase options, or termination rights. These operating subleases include only lease components. The Company included $2.7 million and $2.9 million of sublease income in lease expense for the years ended June 30, 2022 and 2021, respectively.

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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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