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Leases (Tables) | 12 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Schedule of Operating and Finance Lease Expense | The components of the Company’s operating and finance lease expenses are as follows for the period presented (in thousands):
|  | Fiscal Year Ended June 30, 2020
Operating leases: |  |
Fixed rent expense |  | $ | 6,077 |
Variable rent expense |  | 797 |
Finance lease: |  |
Amortization of equipment |  | 2,839 |
Interest |  | 2,783 |
Short-term leases: |  |
Short-term lease expenses |  | 306 |
Total lease expenses |  | $ | 12,802 |
Supplemental balance sheet information related to the Company’s operating and finance leases is as follows (in thousands, except lease term and discount rate):
|  | June 30, 2020
Operating Leases: |  |
ROU assets associated with operating leases |  | $ | 32,948 |
Finance Lease: |  |
Property, plant and equipment, gross |  | $ | 104,374 |
Accumulated depreciation |  | 86,540 |
Property, plant and equipment, net |  | $ | 17,834 |
Weighted average remaining lease term (in years) |  |
Operating leases |  | 9.57 |
Finance lease |  | 2.72 |
Weighted average discount rate |  |
Operating leases |  | 4.45 | %
Finance lease |  | 5.46 | %
Supplemental cash flow information related to the Company’s operating and finance lease is as follows (in thousands):
|  | Fiscal Year Ended June 30, 2020
Cash paid from amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases |  | $ | 5,241 |
Operating cash flows from finance lease |  | $ | 2,783 |
Financing cash flows from finance lease |  | $ | 11,028 |
Schedule of Operating Lease Liability Maturities | Future minimum lease payments are as follows as of June 30, 2020 (in thousands):
| Operating Leases |  | Finance Leases
2021 | $ | 5,695 |  |  | $ | 17,273 |
2022 | 5,223 |  |  | 16,428 |
2023 | 4,385 |  |  | 11,907 |
2024 | 3,938 |  |  | — |
2025 | 3,517 |  |  | — |
Thereafter | 20,687 |  |  | — |
Total minimum lease payments | 43,445 |  |  | 45,608 |
Less amount representing interest | (9,032 | ) |  | (3,508 | )
Total lease liabilities | $ | 34,413 |  |  | $ | 42,100 |
Schedule of Finance Lease Liability Maturities | Future minimum lease payments are as follows as of June 30, 2020 (in thousands):
| Operating Leases |  | Finance Leases
2021 | $ | 5,695 |  |  | $ | 17,273 |
2022 | 5,223 |  |  | 16,428 |
2023 | 4,385 |  |  | 11,907 |
2024 | 3,938 |  |  | — |
2025 | 3,517 |  |  | — |
Thereafter | 20,687 |  |  | — |
Total minimum lease payments | 43,445 |  |  | 45,608 |
Less amount representing interest | (9,032 | ) |  | (3,508 | )
Total lease liabilities | $ | 34,413 |  |  | $ | 42,100 |
Schedule of Future Minimum Rental Payments for Operating Leases | Prior to the adoption of the new lease standard, future minimum lease payments as of June 30, 2019 were as follows (in thousands):
Year ending June 30, | Operating Leases |  | Finance Leases
2020 | $ | 4,357 |  |  | $ | 14,219 |
2021 | 1,741 |  |  | 17,799 |
2022 | 1,164 |  |  | 16,928 |
2023 | 894 |  |  | 12,269 |
2024 | 1,002 |  |  | — |
Thereafter | 149 |  |  | — |
Total minimum lease payments | 9,307 |  |  | 61,215 |
Less amount representing interest | — |  |  | (6,479 | )
Total lease liabilities | $ | 9,307 |  |  | $ | 54,736 |
Schedule of Future Minimum Lease Payments for Capital Leases | Prior to the adoption of the new lease standard, future minimum lease payments as of June 30, 2019 were as follows (in thousands):
Year ending June 30, | Operating Leases |  | Finance Leases
2020 | $ | 4,357 |  |  | $ | 14,219 |
2021 | 1,741 |  |  | 17,799 |
2022 | 1,164 |  |  | 16,928 |
2023 | 894 |  |  | 12,269 |
2024 | 1,002 |  |  | — |
Thereafter | 149 |  |  | — |
Total minimum lease payments | 9,307 |  |  | 61,215 |
Less amount representing interest | — |  |  | (6,479 | )
Total lease liabilities | $ | 9,307 |  |  | $ | 54,736 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121616839&loc=d3e45280-112737 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
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