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Leases (Notes) | 12 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Leases | Leases Supplemental consolidated balance sheet information related to leases is as follows:
|  | Classification |  | As of June 30, 2021
(In thousands) |  |  |  |
Operating lease assets |  | Right-of-use operating lease assets |  | $ | 26,254 |
Finance lease assets |  | Property, plant and equipment, net |  | 739 |
Total lease assets |  |  |  | $ | 26,993 |
Operating lease liabilities - current |  | Operating lease liabilities - current |  | $ | 6,262 |
Finance lease liabilities - current |  | Other current liabilities |  | $ | 192 |
Operating lease liabilities - noncurrent |  | Operating lease liabilities - noncurrent |  | 20,049 |
Finance lease liabilities - noncurrent |  | Other long-term liabilities |  | 563 |
Total lease liabilities |  |  |  | $ | 27,066 |
The components of lease expense are as follows:
|  |  |  | For the Years Ended June 30, |  |  |  |  |  |  |
|  | Classification |  | 2021 |  | 2020 |  |  |  |  |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease expense |  | General and administrative expenses and cost of goods sold |  | $ | 7,195 |  |  | $ | 5,354 |  |  |  |  |  |  |  |
Finance lease expense: |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of finance lease assets |  | General and administrative expenses |  | 82 |  |  | 52 |  |  |  |  |  |  |  |
Interest on finance lease liabilities |  | Interest expense |  | 26 |  |  | 2 |  |  |  |  |  |  |  |
Total lease expense |  |  |  | $ | 7,303 |  |  | $ | 5,408 |  |  |  |  |  |  |  |
The maturities of the lease liabilities are as follows:
|  | For the Years Ended June 30,
(In thousands) |  | Operating Leases |  | Finance Leases
2022 |  | $ | 6,262 |  |  | $ | 193 |
2023 |  | 5,907 |  |  | 193 |
2024 |  | 5,626 |  |  | 193 |
2025 |  | 4,472 |  |  | 193 |
2026 |  | 3,361 |  |  | 96 |
Thereafter |  | 4,841 |  |  | — |
Total lease payments |  | 30,469 |  |  | 868 |
Less: interest |  | (4,158) |  |  | (113) |
Total lease obligations |  | $ | 26,311 |  |  | $ | 755 |
Lease term and discount rate:
|  | For the Years Ended June 30,
|  | 2021 |  | 2020
Weighted-average remaining lease terms (in years): |  |  |  |
Operating lease |  | 7.3 |  | 8.3
Finance lease |  | 4.5 |  | 0.2
Weighted-average discount rate: |  |  |  |
Operating lease |  | 5.23 | % |  | 4.50 | %
Finance lease |  | 6.50 | % |  | 4.50 | %
Other Information:
|  | For the Years Ended June 30,
|  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 7,529 |  |  | $ | 5,000 |
Operating cash flows from finance leases |  | $ | 70 |  |  | $ | 2 |
Financing cash flows from finance leases |  | $ | 26 |  |  | $ | 51 |
Leases | Leases Supplemental consolidated balance sheet information related to leases is as follows:
|  | Classification |  | As of June 30, 2021
(In thousands) |  |  |  |
Operating lease assets |  | Right-of-use operating lease assets |  | $ | 26,254 |
Finance lease assets |  | Property, plant and equipment, net |  | 739 |
Total lease assets |  |  |  | $ | 26,993 |
Operating lease liabilities - current |  | Operating lease liabilities - current |  | $ | 6,262 |
Finance lease liabilities - current |  | Other current liabilities |  | $ | 192 |
Operating lease liabilities - noncurrent |  | Operating lease liabilities - noncurrent |  | 20,049 |
Finance lease liabilities - noncurrent |  | Other long-term liabilities |  | 563 |
Total lease liabilities |  |  |  | $ | 27,066 |
The components of lease expense are as follows:
|  |  |  | For the Years Ended June 30, |  |  |  |  |  |  |
|  | Classification |  | 2021 |  | 2020 |  |  |  |  |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease expense |  | General and administrative expenses and cost of goods sold |  | $ | 7,195 |  |  | $ | 5,354 |  |  |  |  |  |  |  |
Finance lease expense: |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of finance lease assets |  | General and administrative expenses |  | 82 |  |  | 52 |  |  |  |  |  |  |  |
Interest on finance lease liabilities |  | Interest expense |  | 26 |  |  | 2 |  |  |  |  |  |  |  |
Total lease expense |  |  |  | $ | 7,303 |  |  | $ | 5,408 |  |  |  |  |  |  |  |
The maturities of the lease liabilities are as follows:
|  | For the Years Ended June 30,
(In thousands) |  | Operating Leases |  | Finance Leases
2022 |  | $ | 6,262 |  |  | $ | 193 |
2023 |  | 5,907 |  |  | 193 |
2024 |  | 5,626 |  |  | 193 |
2025 |  | 4,472 |  |  | 193 |
2026 |  | 3,361 |  |  | 96 |
Thereafter |  | 4,841 |  |  | — |
Total lease payments |  | 30,469 |  |  | 868 |
Less: interest |  | (4,158) |  |  | (113) |
Total lease obligations |  | $ | 26,311 |  |  | $ | 755 |
Lease term and discount rate:
|  | For the Years Ended June 30,
|  | 2021 |  | 2020
Weighted-average remaining lease terms (in years): |  |  |  |
Operating lease |  | 7.3 |  | 8.3
Finance lease |  | 4.5 |  | 0.2
Weighted-average discount rate: |  |  |  |
Operating lease |  | 5.23 | % |  | 4.50 | %
Finance lease |  | 6.50 | % |  | 4.50 | %
Other Information:
|  | For the Years Ended June 30,
|  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 7,529 |  |  | $ | 5,000 |
Operating cash flows from finance leases |  | $ | 70 |  |  | $ | 2 |
Financing cash flows from finance leases |  | $ | 26 |  |  | $ | 51 |

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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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