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Leases | 12 Months Ended
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Jun. 30, 2023
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 five 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, 2023, 2022 and 2021, was $ 2.9 million, $ 4.0 million, and $ 4.1 million, respectively. The Company does not have any significant leases that have not commenced as of June 30, 2023. 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, 2023, 2022 and 2021, was $ 4.2 million, $ 4.9 million and $ 4.1 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, 2023 and 2022: June 30, June 30, 2023 2022 Right-of-use assets obtained in exchange for lease obligations Weighted average remaining lease term (years) 1.77 2.14 Weighted average discount rate 9.7 % 9.3 % Maturities of operating lease liabilities 2024 $ 2,123 2025 1,182 2026 873 2027 868 2028 767 Thereafter - Total undiscounted operating lease liabilities 5,813 Less imputed interest 928 Total operating lease liabilities, included in 4,885 Operating lease liability - current 1,747 Operating lease liability - long-term $ 3,138

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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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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