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Leases | 12 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Leases | Leases The Company has operating leases for current corporate offices and certain equipment. These leases have remaining terms of approximately one year. The Company has entered into multiple new lease arrangements and renewals that have not yet commenced but will create significant rights and obligations. These leases will commence during fiscal 2021 with lease terms ranging from three to eleven years. As of June 30, 2020, the weighted average remaining lease term and weighted average discount rate for operating leases was 0.62 years and 4.95%, respectively. For the fiscal year ended June 30, 2020, operating lease expense was $2.7 million. For the fiscal year ended June 30, 2020, supplemental cash flow information related to operating leases was as follows (in thousands):
|  | June 30, 2020
Operating cash outflows from operating leases |  | $ | 2,886 |
Right-of-use assets obtained in exchange for lease obligations |  | $ | — |
Maturity of lease liabilities at June 30, 2020 are as follows (in thousands):
Year ended June 30, |  | Amount
2021 |  | $ | 1,201 |
Less: imputed interest |  | (17) |
Present value of lease liabilities |  | $ | 1,184 |
Under ASC 840, minimum future operating lease obligations at June 30, 2019 were as follows (in thousands):
Year ending June 30, |  | Amount
2020 |  | $ | 2,872 |
2021 |  | 1,140 |
Total |  | $ | 4,012 |
Rent expense totaled $2.7 million and $2.7 million for the fiscal years ended June 30, 2019 and 2018, respectively.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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