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Leases
 12 Months Ended
Jun. 30, 2024
Leases  
Leases

 

9.   Leases

 

In general, our leases include office buildings for various facilities worldwide which are all classified as operating leases. We also have financing leases related to some office equipment in the U.S.

 

The following presents components of lease expense and supplemental cash flow information:

             
   Years Ended
June 30,		  
   2024    2023  
   (In thousands)  
Components of lease expense             
Operating lease cost  $2,465    $ 2,583  
Financing lease cost   110      30  
Financing lease interest expense   39      10  
              
Supplemental cash flow information             
Cash paid for amounts included in the measurement of operating lease liabilities  $1,772    $ 1,701  
Cash paid for amounts included in the measurement of financing lease liabilities  $222    $ 30  
              
Right-of-use assets obtained in exchange for lease obligation  $–    $ 4,856  

 

As of June 30, 2024 and 2023, the weighted average discount rate for leases was 4.6% and 4.6%, respectively, and the weighted average remaining lease term for leases was 3.4 years and 3.8 years, respectively.

  

Maturities of lease liabilities as of June 30, 2024 were as follows: 

          
Years ending June 30,  Operating   Financing 
   (In thousands) 
2025  $2,056    213 
2026   1,693    117 
2027   1,648    22 
2028   1,698    19 
2029   1,527    – 
Thereafter   2,952    – 
Total remaining lease payments   11,574    371 
less: imputed interest   (1,571)   (45)
Lease liability  $10,003   $326 
Reported as:          
Current liabilities  $1,580   $187 
Non-current liabilities  $8,423   $139