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Leases | 12 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Leases | 8.LEASES The Company has entered into leasing arrangements classified as operating leases under accounting guidance. These leasing arrangements relate primarily to the lease of its corporate head office, administration offices, a manufacturing facility, and branch locations through which the Company operates its financial services business in South Africa. The Company’s operating leases have a remaining lease term of between one year to six years. The Company also operates parts of its financial services business from locations which it leases for a period of less than one year. The Company’s operating lease expense during the years ended June 30, 2022, 2021 and 2020, was $4.0 million, $4.1 million, and $3.6 million, respectively. The Company does not have any significant leases that have not commenced as of June 30, 2022. The Company has entered into short-term leasing arrangements, primarily for the lease of branch locations and other locations to operate its financial services business in South Africa. The Company’s short-term lease expense during the years ended June 30, 2022, 2021 and 2020, was $4.9 million, $4.1 million and $4.2 million, respectively. 8.LEASES (continued) The following table presents supplemental balance sheet disclosure related to our right-of-use assets and our operating leases liabilities as of June 30, 2022 and 2021:
|  |  | June 30, |  |  | June 30, |
|  |  | 2022 |  |  | 2021 |
|  | Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |  |  |
|  | Weighted average remaining lease term (years) |  | 2.14 |  |  |  | 2.77 |
|  | Weighted average discount rate |  | 9.3 | % |  |  | 9.6 | %
|  | Maturities of operating lease liabilities |  |  |  |  |  |  |
|  | 2023 | $ | 2,896 |  |  |  |  |
|  | 2024 |  | 1,979 |  |  |  |  |
|  | 2025 |  | 1,228 |  |  |  |  |
|  | 2026 |  | 987 |  |  |  |  |
|  | 2027 |  | 1,004 |  |  |  |  |
|  | Thereafter |  | 1,725 |  |  |  |  |
|  | Total undiscounted operating lease liabilities |  | 9,819 |  |  |  |  |
|  | Less imputed interest |  | 2,494 |  |  |  |  |
|  | Total operating lease liabilities, included in |  | 7,325 |  |  |  |  |
|  | Operating lease liability - current |  | 2,498 |  |  |  |  |
|  | Operating lease liability - long-term | $ | 4,827 |  |  |  |  |

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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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