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Leases (Tables) | 3 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Components of Lease Expense | The components of lease expense were as follows (in thousands):
|  | Three Months Ended |
|  | September 30, |
|  | 2024 |  |  | 2023 |
Operating lease expense |  | $ | 1,011 |  |  | $ | 1,450 |
Short-term lease expense |  |  | 301 |  |  |  | 176 |
Variable lease expense (1) |  |  | 64 |  |  |  | 210 |
Total lease expense |  | $ | 1,376 |  |  | $ | 1,836 |
(1) Variable lease expense is primarily composed of 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):
|  | Three Months Ended |
|  | September 30, |
|  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows used for operating leases |  | $ | 880 |  |  | $ | 1,464 |
Lease liabilities arising from obtaining right-of-use assets |  |  |  |  |  |
Operating leases |  | $ | — |  |  | $ | 3,519 |
Weighted average remaining lease term - operating leases |  | 4.1 years |  |  | 3.7 years |
Weighted average discount rate - operating leases |  |  | 6.4 | % |  |  | 6.4 | %
Maturities of Operating Lease Liabilities | Maturities of operating lease liabilities as of September 30, 2024 were as follows (in thousands):
Fiscal Year Ending June 30, |  |  |  | Amount |
2025 (remaining nine months) |  |  |  | $ | 2,475 |
2026 |  |  |  |  | 2,689 |
2027 |  |  |  |  | 2,701 |
2028 |  |  |  |  | 2,728 |
2029 |  |  |  |  | 1,457 |
Thereafter |  |  |  |  | 209 |
Total minimum lease payments |  |  |  | $ | 12,259 |
Less imputed interest |  |  |  |  | (2,422 | )
Present value of net minimum lease payments |  |  |  | $ | 9,837 |
Operating lease liabilities: |  |  |  |  |
Current (included in Accrued Liabilities) |  |  |  | $ | 2,811 |
Noncurrent |  |  |  |  | 7,026 |
Total |  |  |  | $ | 9,837 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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