XML 20 R11.htm IDEA: XBRL DOCUMENT
v3.23.1

Leases | 3 Months Ended
--- | ---
Sep. 30, 2022
Leases [Abstract] |
Leases | NOTE 5 – LEASES The Company has operating and finance leases for office space, warehouse space, trailers, and other equipment. Lease terms expire at various dates through May 2032 with options to renew for varying terms at the Company’s sole discretion. The Company has not included these options to extend or terminate in its calculation of right-of-use assets or lease liabilities as it is not reasonably certain to exercise these options. In July 2022, the Company commenced a new lease for warehouse space in Calgary, Alberta with a 17-month lease term ending November 30, 2023. The Company also extended the lease for the warehouse space in Delta, British Columbia and the lease for warehouse space in Brampton, Ontario for an additional 3 years ending October 31, 2025. In August 2022, the Company commenced a new lease for warehouse space in Toronto, Ontario with an 18-month lease term ending January 31, 2024. The components of lease expense were as follows:
| Three Months Ended September 30, |
(In thousands) | 2022 |  |  | 2021 |
Operating: |  |  |  |  |
Operating lease cost | $ | 3,014 |  |  | $ | 2,324 |
Financing: |  |  |  |  |
Amortization of leased assets |  | 153 |  |  |  | 154 |
Interest on lease liabilities |  | 19 |  |  |  | 28 |
Total finance lease cost | $ | 172 |  |  | $ | 182 |
Supplemental cash flow information related to leases was as follows:
| Three Months Ended September 30, |
(In thousands) | 2022 |  |  | 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows arising from operating leases | $ | 2,327 |  |  | $ | 1,802 |
Operating cash flows arising from finance leases |  | 19 |  |  |  | 29 |
Financing cash flows arising from finance leases |  | 156 |  |  |  | 183 |
Right-of-use assets obtained in exchange for new lease liabilities: |  |  |  |  |
Operating leases | $ | 5,868 |  |  | $ | 65 |
Supplemental balance sheet information related to leases was as follows:
| September 30, |  |  | June 30, |
(In thousands) | 2022 |  |  | 2022 |
Operating lease: |  |  |  |  |
Operating lease right-of-use assets | $ | 44,143 |  |  | $ | 41,111 |
Current portion of operating lease liability |  | 10,027 |  |  |  | 7,641 |
Operating lease liability, net of current portion |  | 38,712 |  |  |  | 37,776 |
Total operating lease liabilities | $ | 48,739 |  |  | $ | 45,417 |
Finance lease: |  |  |  |  |
Property, technology, and equipment, net | $ | 1,878 |  |  | $ | 2,039 |
Current portion of finance lease liability |  | 538 |  |  |  | 577 |
Finance lease liability, net of current portion |  | 1,084 |  |  |  | 1,223 |
Total finance lease liabilities | $ | 1,622 |  |  | $ | 1,800 |
Weighted average remaining lease term: |  |  |  |  |
Operating leases | 5.0 years |  |  | 5.5 years |
Finance leases | 3.1 years |  |  | 3.4 years |
Weighted average discount rate: |  |  |  |  |
Operating leases |  | 4.50 | % |  |  | 4.33 | %
Finance leases |  | 4.48 | % |  |  | 4.54 | %
As of September 30, 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 |
2023 (remaining) |  | 8,941 |  |  |  | 453 |
2024 |  | 11,474 |  |  |  | 568 |
2025 |  | 10,939 |  |  |  | 538 |
2026 |  | 9,211 |  |  |  | 175 |
2027 |  | 7,679 |  |  |  | — |
Thereafter |  | 6,268 |  |  |  | — |
Total lease payments |  | 54,512 |  |  |  | 1,734 |
Less imputed interest |  | (5,773 | ) |  |  | (112 | )
Total lease liability | $ | 48,739 |  |  | $ | 1,622 |

X
- Definition Lease disclosure. + References No definition available. + Details
Name: | rlgt_LeaseDisclosureTextBlock
Namespace Prefix: | rlgt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration