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Leases (Tables)

6 Months Ended

Dec. 31, 2021

Schedule of Maturities of Operating Lease Liabilities

The following table provides details of the Company’s future minimum lease payments under operating lease liabilities recorded on the Company’s condensed consolidated balance sheet as of December 31, 2021. The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.

Fiscal years ending June 30,	Total Operating Lease Obligations (in thousands)
2022 (remainder of)	$	1,260
2023		2,197
2024		1,318
2025		849
2026		618
Thereafter		1,698
Total minimum lease payments	$	7,940
Less: amounts representing interest		552
Present value of minimum lease payments	$	7,388
Less: current portion		2,259
Long-term portion	$	5,129

Schedule of Operating Leases

The table below presents additional information related to the Company’s operating leases (in thousands):

	Six months ended December 31,				Three months ended December 31,
	2021		2020		2021		2020
Operating lease cost
Operating lease cost (1)	$	1,248	$	993	$	627	$	519
Short-term lease cost (1)		—		12		—		—
Variable lease cost (1)		138		165		103		49
Total lease cost	$	1,386	$	1,170	$	730	$	568


(1)		Expenses are classified within selling, general and administrative expenses in the Company’s condensed consolidated statements of operations.

The table below presents lease-related terms and discount rates as of December 31, 2021:

		December 31, 2021
Weighted average remaining lease terms
Operating leases		5.0 years
Weighted average discount rate
Operating leases		2.9%

Schedule of Supplemental Cash Flow Information Related to Company's Long-Term Operating Lease Liabilities

The table below presents supplemental cash flow information related to the Company’s long-term operating lease liabilities for the six months ended December 31, 2021 and 2020 (in thousands):

	Six months ended December 31,
		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:	$	1,248	$	993
Operating lease right-of-use assets obtained in exchange for operating lease liabilities:	$	610	$	3,557

Schedule of Minimum future rental commitments

The future minimum lease payments receivable for sales type leases are as follows (in thousands):

Fiscal years ending June 30,	Total Minimum Lease Payments Receivable		Amortization of Unearned Income		Net Investment in Sales Type Leases
2022 (remainder of)	$	1,745	$	1,014	$	731
2023		2,816		1,622		1,194
2024		2,165		1,191		974
2025		1,545		794		751
2026		1,030		446		584
Thereafter		740		328		412
					$	4,646*
* Excludes residual values of $2.3 million.