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Leases (Tables)
6 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31, 2019

 

 

December 31, 2019

 

Operating lease expense

 

$

999

 

 

$

2,003

 

Short-term lease expense

 

 

268

 

 

 

556

 

Variable lease expense (1)

 

 

154

 

 

 

298

 

Total lease expense

 

$

1,421

 

 

$

2,857

 

 

(1)

Variable lease expense for the three and six months ended December 31, 2019 primarily included common area maintenance charges.

Supplemental Information Related to Operating Leases

Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate):

 

 

 

 

 

Six Months Ended

 

 

 

 

 

December 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows used for operating leases

 

 

 

$

1,846

 

 

 

 

 

 

 

 

Lease liabilities arising from obtaining right-of-use assets

 

 

 

 

 

 

Operating leases

 

 

 

$

43

 

 

 

 

 

 

 

 

Weighted average remaining lease term - operating leases

 

 

 

3.7 years

 

Weighted average discount rate - operating leases

 

 

 

 

4.5

%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2019 were as follows (in thousands):

 

Fiscal Year Ending June 30,

 

 

 

Amount

 

2020 (remaining six months)

 

 

 

$

1,911

 

2021

 

 

 

 

4,563

 

2022

 

 

 

 

4,273

 

2023

 

 

 

 

3,834

 

2024

 

 

 

 

1,810

 

Thereafter

 

 

 

 

183

 

Total minimum lease payments

 

 

 

$

16,574

 

Less imputed interest

 

 

 

 

(1,726

)

Present value of net minimum lease payments

 

 

 

$

14,848

 

Operating lease liabilities:

 

 

 

 

 

 

Current

 

 

 

 

4,079

 

Noncurrent

 

 

 

 

10,769

 

Total

 

 

 

$

14,848

 

Future Annual Minimum Lease Payments under Noncancelable Operating Leases

Future annual minimum lease payments under noncancellable operating leases as of June 30, 2019 were as follows (in thousands):

 

 

 

 

 

Operating

 

Fiscal Year Ending June 30,

 

 

 

Leases

 

2020

 

 

 

$

3,529

 

2021

 

 

 

 

4,263

 

2022

 

 

 

 

4,234

 

2023

 

 

 

 

3,801

 

2024

 

 

 

 

1,312

 

Thereafter

 

 

 

 

176

 

Total

 

 

 

$

17,315