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Note 20 - Leases

12 Months Ended

Jun. 30, 2021

20. LEASES

In the normal course of its business, the Company enters into various leases as the lessee, primarily related to certain transportation vehicles, facilities, office space, and machinery and equipment. These leases have remaining lease terms between one and fifty-seven years, some of which may include options to extend the leases or options to terminate the leases. Some lease arrangements require variable payments that are dependent on usage, output, or index-based adjustments.

Amounts (in thousands) recorded in the Company's Condensed Consolidated Balance Sheet and Statement of Operations related to leases are as follows:

	*June 30, 2021*		*June 30, 2020*
Assets
Operating lease right-of-use-asset	$	37,276	$	44,788

Liabilities
Current (accrued liabilities)	$	7,933	$	8,016
Operating lease long-term liabilities		29,041		36,293
Total lease liability	$	36,974	$	44,309

Lease cost

The components of lease costs for the years ended June 30, 2021 and 2020 are as follows (in thousands):

	*Year Ended*		*Year Ended*
	*June 30, 2021*		*June 30, 2020*
Operating lease cost	$	11,747	$	10,791
Variable lease cost		863		492
Net lease cost	$	12,610	$	11,283

Maturity of lease liability

The maturity of the Company's lease liabilities included in continuing operations at June 30, 2021 were as follows (in thousands):

	*Operating Leases*

2022		8,823
2023		6,213
2024		4,995
2025		4,097
2026		3,313
After 2026		13,724
Less: interest		(4,191	)
Present value of lease liabilities	$	36,974

The weighted average remaining lease term and discount rates are as follows:

Lease Term and Discount Rate	*June 30, 2021*
Weighted average remaining lease term (years)		9.3

Weighted average discount rate (percentage)		2.61	%

Other Information

Supplemental cash flow information related to leases is as follows:

	*Year Ended*		*Year Ended*
	*June 30, 2021*		*June 30, 2020*
Operating cash outflows from operating leases	$	11,025	$	10,436