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Leases | 9 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Leases | 10. Leases The Company has operating leases primarily for its office facilities. The leases expire at various dates through fiscal year 2026, some of which include options to renew, with renewal terms of up to 5 years. The Company does not include any renewal options in the lease terms for calculating lease liability, as the renewal options allow the Company to maintain operational flexibility and the Company is not reasonably certain that it will exercise these renewal options at the time of the lease commencement. The components of lease expense for the three and nine months ended March 31, 2022 and 2021 were as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Operating lease expense |  | $ | 1,296 |  |  | $ | 1,315 |  |  | $ | 3,875 |  |  | $ | 3,943 |
Short-term lease expense |  |  | 143 |  |  |  | 170 |  |  |  | 469 |  |  |  | 624 |
Variable lease expense (1) |  |  | 148 |  |  |  | 139 |  |  |  | 443 |  |  |  | 426 |
Total lease expense |  | $ | 1,587 |  |  | $ | 1,624 |  |  | $ | 4,787 |  |  | $ | 4,993 |
(1) | Variable lease expense for the three and nine months ended March 31, 2022 and 2021 primarily included common area maintenance charges.
Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate):
|  | Nine Months Ended |
|  | March 31, |
|  | 2022 |  |  | 2021 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows used for operating leases |  | $ | 4,664 |  |  | $ | 4,544 |
Lease liabilities arising from obtaining right-of-use assets |  |  |  |  |  |  |  |
Operating leases |  | $ | 564 |  |  | $ | 6,247 |
Weighted average remaining lease term - operating leases |  | 2.1 years |  |  | 2.9 years |
Weighted average discount rate - operating leases |  |  | 5.1 | % |  |  | 5.0 | %
The implicit rate within each lease is not readily determinable and therefore the Company uses its incremental borrowing rate at the lease commencement date to determine the present value of the lease payments. The determination of the incremental borrowing rate requires judgement. The Company determined its incremental borrowing rate for each lease using indicative bank borrowing rates, adjusted for various factors including level of collateralization, term and currency to align with the terms of a lease. Maturities of operating lease liabilities as of March 31, 2022 were as follows (in thousands):
Fiscal Year Ending June 30, |  |  |  | Amount |
2022 (remaining three months) |  |  |  | $ | 1,555 |
2023 |  |  |  |  | 5,869 |
2024 |  |  |  |  | 3,812 |
2025 |  |  |  |  | 876 |
2026 |  |  |  |  | 72 |
Total minimum lease payments |  |  |  |  | 12,184 |
Less imputed interest |  |  |  |  | (1,842 | )
Present value of net minimum lease payments |  |  |  | $ | 10,342 |
Operating lease liabilities: |  |  |  |  |  |
Current |  |  |  | $ | 5,228 |
Noncurrent |  |  |  |  | 5,114 |
Total |  |  |  | $ | 10,342 |
Total future principal contractual obligations for operating lease commitments exceeded the undiscounted lease liability by $0.3 million as of March 31, 2022, primarily because the lease liability excluded short-term lease payments (due to the adoption of the short-term lease exemption).

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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