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Leases
 3 Months Ended
Sep. 30, 2024
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 seven years. As of September 30, 2024, the weighted average remaining lease term and weighted average discount rate for operating leases was 6.62 years and 3.46%, respectively. As of June 30, 2024, the weighted average remaining lease term and weighted average discount rate for operating leases was 6.90 years and 3.46%, respectively.
For the three months ended September 30, 2024 and 2023, operating lease expense was $0.5 million and $0.6 million, respectively.
The components of lease expense for the three months ended September 30, 2024 and 2023, were as follows:
Three Months Ended September 30,
20242023
Operating lease expense
Operating lease cost$470 $530 
Variable lease cost41 48 
Short-term lease costs5 12 
Total lease expense$516 $590 
Supplemental cash flow information related to operating leases was as follows (in thousands):
Three Months Ended September 30,
20242023
Operating cash outflows from operating leases$530 $557 
Right-of-use assets obtained in exchange for lease obligations$— $1,502 
Maturity of lease liabilities at September 30, 2024 are as follows (in thousands):
Year ended June 30,Amount
2025 (remaining nine months ending June 30, 2025)$1,631 
20262,210 
20272,202 
20282,076 
20291,772 
Thereafter4,622 
Total14,513 
Less: imputed interest(1,150)
Present value of lease liabilities$13,363