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Leases (Tables)
9 Months Ended
Mar. 31, 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: 

 

 

 

 

 

 

 

    

March 31,

    

 

As of

 

2020

 

Balance Sheet Classification

Assets:

 

 

  

 

  

Operating lease ROU assets

 

$

22,083

 

Other Assets

 

 

 

 

 

 

Liabilities:

 

 

  

 

  

Current portion

 

 

6,416

 

Accrued expenses and other current liabilities

Non-current portion

 

 

16,361

 

Other liabilities

Total operating lease liabilities

 

$

22,777

 

  

 

Summary of the composition of net lease cost

The following table summarizes the composition of net lease cost:

 

 

 

 

 

 

 

 

    

Three months

 

Nine months

For the Periods Ended March 31

 

2020

 

2020

 

 

 

 

 

 

 

Operating lease expense

 

$

1,885

 

$

5,647

Variable lease expense

 

 

361

 

 

992

Short-term lease expense

 

 

196

 

 

613

Total lease cost

 

$

2,442

 

$

7,252

 

Summary of other supplemental information

The following tables include other supplemental information:

 

 

 

 

 

 

 

 

 

Three months

    

Nine months

For the Periods Ended March 31

 

2020

 

2020

Operating cash flows used for ROU operating leases

 

$

1,884

 

$

5,529

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

 

$

830

 

$

8,591

 

 

 

 

 

 

    

As of

 

 

 

March 31, 2020

 

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

 

6.5

 

Weighted average discount rate – ROU operating leases

 

4.07

%

 

Summary of maturities of future lease liabilities

At March 31, 2020, maturities of future lease liabilities were:

 

 

 

 

 

For the Years Ending June 30

    

  

 

2020

 

$

1,981

2021

 

 

6,665

2022

 

 

5,076

2023

 

 

2,829

2024

 

 

2,378

2025 and thereafter

 

 

7,413

Total lease payments

 

 

26,342

Less: interest

 

 

3,565

Total operating lease liabilities

 

$

22,777

 

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 Years Ending June 30

    

 

  

2020

 

$

5,815

2021

 

 

4,160

2022

 

 

3,191

2023

 

 

1,445

2024

 

 

865

Thereafter

 

 

765

Total minimum lease payments

 

$

16,241