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v3.20.2

Leases (Notes) | 12 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Leases | Leases See Note 2 for additional information regarding the adoption of ASU 2016-02, Leases. Supplemental consolidated balance sheet information related to leases is as follows:
|  | Classification |  | As of June 30, 2020
(In thousands) |  |  |  |
Operating lease assets |  | Right-of-use operating lease assets |  | $ | 21,117 |
Finance lease assets |  | Property, plant and equipment, net |  | 9 |
Total lease assets |  |  |  | $ | 21,126 |
Operating lease liabilities - current |  | Operating lease liabilities - current |  | $ | 5,854 |
Operating lease liabilities - noncurrent |  | Operating lease liabilities - noncurrent |  | 15,628 |
Finance lease liabilities |  | Other long-term liabilities |  | 9 |
Total lease liabilities |  |  |  | $ | 21,491 |
The components of lease expense are as follows:
|  | Classification |  | For the Year Ended June 30, 2020 |
(In thousands) |  |  |  |  |
Operating lease expense |  | General and administrative expenses and cost of goods sold |  | $ | 5,354 |  |
Finance lease expense: |  |  |  |  |
Amortization of finance lease assets |  | General and administrative expenses |  | 52 |  |
Interest on finance lease liabilities |  | Interest expense |  | 2 |  |
Total lease expense |  |  |  | $ | 5,408 |  |
|  | For the Years Ended June 30,
(In thousands) |  | Operating Leases |  | Finance Leases
Maturities of lease liabilities are as follows: |  |  |  |
2021 |  | $ | 5,854 |  |  | $ | 9 |
2022 |  | 4,454 |  |  | — |
2023 |  | 3,894 |  |  | — |
2024 |  | 3,654 |  |  | — |
2025 |  | 2,503 |  |  | — |
Thereafter |  | 3,954 |  |  | — |
Total lease payments |  | 24,313 |  |  | 9 |
Less: interest |  | (2,831 | ) |  | — |
Total lease obligations |  | $ | 21,482 |  |  | $ | 9 |
Lease term and discount rate:
|  | As of June 30, 2020
Weighted-average remaining lease terms (in years): |  |
Operating lease |  | 8.3 |
Finance lease |  | 0.2 |
Weighted-average discount rate: |  |
Operating lease |  | 4.50 | %
Finance lease |  | 4.50 | %
Other Information:
|  | For the Year Ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases |  | $ | 5,000 |
Operating cash flows from finance leases |  | $ | 2 |
Financing cash flows from finance leases |  | $ | 51 |
Leased assets obtained in exchange for new finance lease liabilities |  | $ | — |
Leased assets obtained in exchange for new operating lease liabilities |  | $ | — |
Disclosures related to periods prior to adoption of ASU 2016-02 Rent expense paid for the fiscal years ended June 30, 2019 and 2018 were $6.4 million and $5.5 million, respectively. The minimum annual payments under operating and capital leases as of June 30, 2019 are as follows:
(In thousands) |  | Operating Lease Obligations |  | Capital Lease Obligations
Year Ended June 30, |  |  |  |
2020 |  | $ | 4,434 |  |  | $ | 36 |
2021 |  | 3,238 |  |  | 1 |
2022 |  | 2,472 |  |  | — |
2023 |  | 2,131 |  |  | — |
2024 |  | 2,025 |  |  | — |
Thereafter |  | 4,389 |  |  | — |
Total minimum lease payments |  | $ | 18,689 |  |  | 37 |
Less: imputed interest (0.82% to 10.66%) |  |  |  | (2 | )
Present value of future minimum lease payments |  |  |  | 35 |
Less: current portion |  |  |  | (34 | )
Long-term capital lease obligations |  |  |  | $ | 1 |
Leases | Leases See Note 2 for additional information regarding the adoption of ASU 2016-02, Leases. Supplemental consolidated balance sheet information related to leases is as follows:
|  | Classification |  | As of June 30, 2020
(In thousands) |  |  |  |
Operating lease assets |  | Right-of-use operating lease assets |  | $ | 21,117 |
Finance lease assets |  | Property, plant and equipment, net |  | 9 |
Total lease assets |  |  |  | $ | 21,126 |
Operating lease liabilities - current |  | Operating lease liabilities - current |  | $ | 5,854 |
Operating lease liabilities - noncurrent |  | Operating lease liabilities - noncurrent |  | 15,628 |
Finance lease liabilities |  | Other long-term liabilities |  | 9 |
Total lease liabilities |  |  |  | $ | 21,491 |
The components of lease expense are as follows:
|  | Classification |  | For the Year Ended June 30, 2020 |
(In thousands) |  |  |  |  |
Operating lease expense |  | General and administrative expenses and cost of goods sold |  | $ | 5,354 |  |
Finance lease expense: |  |  |  |  |
Amortization of finance lease assets |  | General and administrative expenses |  | 52 |  |
Interest on finance lease liabilities |  | Interest expense |  | 2 |  |
Total lease expense |  |  |  | $ | 5,408 |  |
|  | For the Years Ended June 30,
(In thousands) |  | Operating Leases |  | Finance Leases
Maturities of lease liabilities are as follows: |  |  |  |
2021 |  | $ | 5,854 |  |  | $ | 9 |
2022 |  | 4,454 |  |  | — |
2023 |  | 3,894 |  |  | — |
2024 |  | 3,654 |  |  | — |
2025 |  | 2,503 |  |  | — |
Thereafter |  | 3,954 |  |  | — |
Total lease payments |  | 24,313 |  |  | 9 |
Less: interest |  | (2,831 | ) |  | — |
Total lease obligations |  | $ | 21,482 |  |  | $ | 9 |
Lease term and discount rate:
|  | As of June 30, 2020
Weighted-average remaining lease terms (in years): |  |
Operating lease |  | 8.3 |
Finance lease |  | 0.2 |
Weighted-average discount rate: |  |
Operating lease |  | 4.50 | %
Finance lease |  | 4.50 | %
Other Information:
|  | For the Year Ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases |  | $ | 5,000 |
Operating cash flows from finance leases |  | $ | 2 |
Financing cash flows from finance leases |  | $ | 51 |
Leased assets obtained in exchange for new finance lease liabilities |  | $ | — |
Leased assets obtained in exchange for new operating lease liabilities |  | $ | — |
Disclosures related to periods prior to adoption of ASU 2016-02 Rent expense paid for the fiscal years ended June 30, 2019 and 2018 were $6.4 million and $5.5 million, respectively. The minimum annual payments under operating and capital leases as of June 30, 2019 are as follows:
(In thousands) |  | Operating Lease Obligations |  | Capital Lease Obligations
Year Ended June 30, |  |  |  |
2020 |  | $ | 4,434 |  |  | $ | 36 |
2021 |  | 3,238 |  |  | 1 |
2022 |  | 2,472 |  |  | — |
2023 |  | 2,131 |  |  | — |
2024 |  | 2,025 |  |  | — |
Thereafter |  | 4,389 |  |  | — |
Total minimum lease payments |  | $ | 18,689 |  |  | 37 |
Less: imputed interest (0.82% to 10.66%) |  |  |  | (2 | )
Present value of future minimum lease payments |  |  |  | 35 |
Less: current portion |  |  |  | (34 | )
Long-term capital lease obligations |  |  |  | $ | 1 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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