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Note H - Lease Obligations | 12 Months Ended
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Jun. 30, 2021
Notes to Financial Statements |
Leases of Lessee Disclosure [Text Block] | H. LEASE OBLIGATIONS The following table provides a summary of leases recorded on the consolidated balance sheet at June 30.
| Balance Sheet Location |  | 2021 |  |  | 2020 |
Lease Assets |  |  |  |  |  |  |  |  |
Operating lease right-of-use assets | Right-of-use assets operating leases |  | $ | 14,736 |  |  | $ | 14,448 |
Finance lease right-of-use assets | Property, plant and equipment, net |  |  | 5,244 |  |  |  | 959 |
Lease Liabilities |  |  |  |  |  |  |  |  |
Operating lease liabilities | Accrued liabilities |  | $ | 1,870 |  |  | $ | 1,724 |
Operating lease liabilities | Lease obligations |  |  | 12,887 |  |  |  | 12,738 |
Finance lease liabilities | Accrued liabilities |  |  | 541 |  |  |  | 233 |
Finance lease liabilities | Other long-term liabilities |  |  | 4,836 |  |  |  | 757 |
The components of lease expense for the years ended June 30 were as follows:
|  | 2021 |  |  | 2020 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 580 |  |  | $ | 188 |
Interest on lease liabilities |  |  | 273 |  |  |  | 56 |
Operating lease cost |  |  | 2,795 |  |  |  | 3,137 |
Short-term lease cost |  |  | 24 |  |  |  | 64 |
Variable lease cost |  |  | 159 |  |  |  | 58 |
Total lease cost |  |  | 3,831 |  |  |  | 3,503 |
Less: Sublease income |  |  | (154 | ) |  |  | (212 | )
Net lease cost |  | $ | 3,677 |  |  | $ | 3,291 |
Other information related to leases was as follows:
|  | 2021 |  |  | 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 3,022 |  |  | $ | 3,141 |
Operating cash flows from finance leases |  |  | 480 |  |  |  | 167 |
Financing cash flows from finance leases |  |  | 273 |  |  |  | 56 |
Right-of-use-assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |
Operating leases |  |  | 1,481 |  |  |  | 2,757 |
Finance leases |  |  | 4,814 |  |  |  | 592 |
Weighted average remaining lease term (years): |  |  |  |  |  |  |  |
Operating leases |  |  | 9.8 |  |  |  | 10.7 |
Finance lease |  |  | 12.0 |  |  |  | 4.0 |
Weighted average discount rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 7.2 | % |  |  | 7.4 | %
Finance leases |  |  | 5.2 | % |  |  | 6.2 | %
Approximate future minimum rental commitments under non-cancellable leases as of June 30, 2021 were as follows:
|  | Operating Leases |  |  | Finance Leases |
2022 |  | $ | 2,898 |  |  | $ | 805 |
2023 |  |  | 2,600 |  |  |  | 796 |
2024 |  |  | 2,256 |  |  |  | 752 |
2025 |  |  | 1,663 |  |  |  | 507 |
2026 |  |  | 1,575 |  |  |  | 434 |
Thereafter |  |  | 9,989 |  |  |  | 3,879 |
Total future lease payments |  |  | 20,981 |  |  |  | 7,173 |
Less: Amount representing interest |  |  | (6,224 | ) |  |  | (1,796 | )
Present value of future payments |  | $ | 14,757 |  |  | $ | 5,377 |

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- References No definition available. + Details
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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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