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Leases (Tables)

9 Months Ended

Mar. 31, 2022

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:


	Three Months Ended March 31,								Nine Months Ended March 31,
(In thousands)	2022				2021				2022				2021
Operating:
Operating lease cost	$	2,575			$	1,987			$	7,386			$	5,503

Financing:
Amortization of leased assets		156				155				468				459
Interest on lease liabilities		24				33				79				105

Total finance lease cost	$	180			$	188			$	547			$	564

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:


					Nine Months Ended March 31,
(In thousands)					2022				2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows arising from operating leases					$	6,487			$	5,598
Operating cash flows arising from finance leases						80				107
Financing cash flows arising from finance leases						558				531

Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases					$	7,909			$	17,920
Finance leases						—				38

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:


					March 31,				June 30,
(In thousands)					2022				2021
Operating lease:
Operating lease right-of-use assets					$	39,905			$	39,022

Current portion of operating lease liability						7,290				6,989
Operating lease liability, net of current portion						36,730				34,899

Total operating lease liabilities					$	44,020			$	41,888

Finance lease:
Property, technology, and equipment, net					$	2,195			$	2,663

Current portion of finance lease liability						627				743
Finance lease liability, net of current portion						1,363				1,809

Total finance lease liabilities					$	1,990			$	2,552

Weighted average remaining lease term:
Operating leases					5.8 years				6.2 years
Finance leases					3.6 years				4.4 years

Weighted average discount rate:
Operating leases						4.22	%			4.05	%
Finance leases						4.61	%			4.75	%

Maturities of Lease Liabilities

As of March 31, 2022, maturities of lease liabilities for each of the next five fiscal years ending June 30 and thereafter are as follows:


(In thousands)					Operating				Finance
2022 (remaining)					$	2,424			$	204
2023						8,662				649
2024						8,497				573
2025						8,541				541
2026						8,065				176
2027						7,255				—
Thereafter						6,491				—

Total lease payments						49,935				2,143

Less imputed interest						(5,915	)			(153	)

Total lease liability					$	44,020			$	1,990