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Leases
12 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases Leases
The Company has operating leases for current corporate offices and certain equipment. These leases have remaining terms of approximately one to ten years. As of June 30, 2022, the weighted average remaining lease term and weighted average discount rate for operating leases was 8.51 years and 3.27%, respectively.
For the fiscal years ended June 30, 2022, 2021, and 2020, operating lease expense was $3.2 million, $3.6 million, and $2.7 million, respectively.
Supplemental cash flow information related to operating leases was as follows (in thousands):
June 30, 2022June 30, 2021
Operating cash outflows from operating leases$2,709 $2,536 
Right-of-use assets obtained in exchange for lease obligations$— $15,725 
Maturity of lease liabilities at June 30, 2022 are as follows (in thousands):
Year ended June 30,Amount
2023$3,070 
20241,985 
20251,606 
20261,646 
20271,687 
Thereafter8,123 
Total18,117 
Less: imputed interest(2,362)
Present value of lease liabilities$15,755