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Leases | 9 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Leases | 16. 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 and branch locations through which the Company operates its consumer business in South Africa. The Company’s operating leases have remaining lease terms of between one and five years . The Company also operates parts of its consumer business from locations which it leases for a period of less than one year . The Company’s operating lease expense during the three months ended March 31, 2024 and 2023 was $ 0.9 million and $ 0.7 million, respectively. The Company’s operating lease expense during the nine months ended March 31, 2024 and 2023 was $ 2.2 million and $ 2.3 million, respectively. The Company has also entered into short-term leasing arrangements, primarily for the lease of branch locations and other locations, to operate its consumer business in South Africa. The Company’s short-term lease expense during the three months ended March 31, 2024 and 2023, was $ 0.9 million and $ 1.0 million, respectively. The Company’s short-term lease expense during the nine months ended March 31, 2024 and 2023, was $ 2.8 million and $ 3.0 million, respectively. The following table presents supplemental balance sheet disclosure related to the Company’s right-of-use assets and its operating lease liabilities as of March 31, 2024 and June 30, 2023: March 31, June 30, 2024 2023 Right of use assets obtained in exchange for lease obligations: Weighted average remaining lease term (years) 3.4 1.8 Weighted average discount rate (percent) 10.1 9.7 16. Leases (continued) The maturities of the Company’s operating lease liabilities as of March 31, 2024, are presented below: Maturities of operating lease liabilities Year ended June 30, 2024 (excluding nine months to March 31, 2024) $ 639 2025 2,070 2026 1,543 2027 1,318 2028 1,173 Thereafter 120 Total undiscounted operating lease liabilities 6,863 Less imputed interest 1,188 Total operating lease liabilities, included in 5,675 Operating lease liability - current 1,763 Operating lease liability - long-term $ 3,912

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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