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Leases (Tables)
12 Months Ended
Jun. 30, 2020
Leases  
Summary of the ROU assets and the related lease liabilities recorded on the consolidated balance sheet

The following table summarizes the ROU assets and the related lease liabilities recorded on the consolidated balance sheet:

 

 

 

 

 

 

 

 

    

 

 

    

Balance Sheet 

As of June 30,

 

2020

 

Classification

Assets:

 

 

  

 

  

Operating lease ROU assets

 

$

22,873

 

Other Assets

 

 

 

 

 

 

Liabilities:

 

 

  

 

  

Current portion

 

 

6,439

 

Accrued expenses and
other current liabilities

Non-current portion

 

 

17,276

 

Other liabilities

Total operating lease liabilities

 

$

23,715

 

  

 

Summary of the composition of net lease expense

The following table summarizes the composition of net lease expense:

 

 

 

 

 

For the Year Ended June 30

    

2020

 

 

 

 

Operating lease expense

 

$

7,570

Variable lease expense

 

 

1,304

Short-term lease expense

 

 

802

Total lease expense

 

$

9,676

 

Summary of other supplemental information

The following tables include other supplemental information:

 

 

 

 

 

For the Year Ended June 30

    

2020

Operating cash flows used for ROU operating leases

 

$

7,696

Right of use assets obtained in exchange for new operating lease liabilities

 

$

11,017

 

 

 

 

 

As of

    

June 30, 2020

 

Weighted average remaining lease term (in years) - ROU operating leases

 

6.49

 

Weighted average discount rate - ROU operating leases

 

4.40

%

 

Summary of maturities of future lease liabilities

At June 30, 2020, maturities of future lease liabilities were:

 

 

 

 

 

For the Years Ending June 30,

    

    

 

2021

 

$

7,211

2022

 

 

5,634

2023

 

 

3,308

2024

 

 

2,659

2025

 

 

1,798

2026 and thereafter

 

 

6,869

Total lease payments

 

 

27,479

Less: interest

 

 

3,764

Total operating lease liabilities

 

$

23,715

 

Summary of future minimum lease payments for operating leases accounted for under ASC 840, "Leases," with remaining non-cancelable terms in excess of one year

Future minimum lease payments for operating leases accounted for under ASC 840, “Leases,” with remaining non-cancelable terms in excess of one year at June 30, 2019, were:

 

 

 

 

 

For the Year Ended June 30

    

    

 

2020

 

$

5,815

2021

 

 

4,160

2022

 

 

3,191

2023

 

 

1,445

2024

 

 

865

Thereafter

 

 

765

Total minimum lease payments

 

$

16,241