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Leases (Tables)

9 Months Ended

Mar. 31, 2023

Schedule of Assets and Liabilities, Lessee

The following table presents amounts recorded on the Condensed Consolidated Balance Sheets related to operating leases at March 31, 2023 and June 30, 2022:


		March 31, 2023		June 30, 2022
Operating leases	Balance Sheet location	(in thousands)
Operating lease right-of-use assets	Other non-current assets	$	13,541	$	16,217
Current operating lease liabilities	Accrued expenses and other current liabilities	$	4,474	$	4,499
Long-term operating lease liabilities	Other long-term liabilities	$	10,284	$	13,085

Schedule of Lease, Cost

The following table presents amounts recorded in operating lease expense as part of selling general and administrative expenses on the Condensed Consolidated Income Statements during the quarters and nine months ended March 31, 2023 and 2022. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less.


	Quarter ended March 31,				Nine months ended March 31,
	2023		2022		2023		2022
	(in thousands)
Operating lease cost	$	1,319	$	1,366	$	3,896	$	3,877
Variable lease cost	396		317		1,158		966
	$	1,715	$	1,683	$	5,054	$	4,843

Supplemental cash flow information related to the Company's operating leases for the nine months ended March 31, 2023 and 2022 are presented in the table below:


	Nine months ended
	March 31,
		2023		2022
	(in thousands)
Cash paid for amounts in the measurement of lease liabilities		$	4,054	$	4,082
Right-of-use assets obtained in exchange for lease obligations		746		2,313

The weighted-average remaining lease term and discount rate at March 31, 2023 are presented in the table below:


	March 31, 2023
Weighted-average remaining lease term	3.80 years
Weighted-average discount rate	4.30	%

Schedule of Lessee, Operating Lease, Liability, Maturity

The following table presents the maturities of the Company's operating lease liabilities at March 31, 2023:


	Operating leases
	(in thousands)
2023	$	1,371
2024	4,699
2025	3,569
2026	3,030
2027	2,673
Thereafter	632
Total future payments	15,974
Less: amounts representing interest	1,216
Present value of lease payments	$	14,758