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v3.22.2.2

Leases (Notes) | 3 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Leases | Note 3. Leases The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms through September 30, 2028, some of which have options to extend the lease for up to 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewal until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of lease expense are as follows:
|  |  |  |  |  | Three Months Ended September 30, |  |  |
(In thousands) |  |  |  |  |  |  |  | 2022 |  | 2021 |  |  |
Operating lease expense |  |  |  |  |  |  |  | $ | 1,960 |  |  | $ | 1,782 |  |  |  |
Finance lease expense: |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of finance lease assets |  |  |  |  |  |  |  | 41 |  |  | 41 |  |  |  |
Interest on finance lease liabilities |  |  |  |  |  |  |  | 10 |  |  | 12 |  |  |  |
Total lease expense |  |  |  |  |  |  |  | $ | 2,011 |  |  | $ | 1,835 |  |  |  |
Maturities of lease liabilities are as follows:
|  | September 30, 2022
(In thousands) |  | Operating Leases |  | Finance Leases
2023 |  | $ | 5,838 |  |  | $ | 144 |
2024 |  | 7,524 |  |  | 193 |
2025 |  | 6,333 |  |  | 193 |
2026 |  | 5,238 |  |  | 96 |
2027 |  | 3,784 |  |  | — |
Thereafter |  | 3,060 |  |  | — |
Total lease payments |  | 31,777 |  |  | 626 |
Less: interest |  | (4,114) |  |  | (63) |
Total lease obligations |  | $ | 27,663 |  |  | $ | 563 |
Lease term and discount rate:
|  | September 30, 2022 |  | June 30, 2022
Weighted-average remaining lease terms (in years): |  |  |  |
Operating lease |  | 6.0 |  | 6.3
Finance lease |  | 3.3 |  | 3.5
Weighted-average discount rate: |  |  |  |
Operating lease |  | 5.88 | % |  | 5.69 | %
Finance lease |  | 6.50 | % |  | 6.50 | %
Other Information:
|  | Three Months Ended September 30,
(In thousands) |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 1,920 |  |  | $ | 1,615 |
Operating cash flows from finance leases |  | 10 |  |  | 41 |
Financing cash flows from finance leases |  | 48 |  |  | 12 |
Leases | Note 3. Leases The Company has entered into leases for building facilities, vehicles and other equipment. The Company’s leases have remaining contractual terms through September 30, 2028, some of which have options to extend the lease for up to 10 years. For purposes of calculating operating lease liabilities, lease terms are deemed not to include options to extend the lease renewal until it is reasonably certain that the Company will exercise that option. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of lease expense are as follows:
|  |  |  |  |  | Three Months Ended September 30, |  |  |
(In thousands) |  |  |  |  |  |  |  | 2022 |  | 2021 |  |  |
Operating lease expense |  |  |  |  |  |  |  | $ | 1,960 |  |  | $ | 1,782 |  |  |  |
Finance lease expense: |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of finance lease assets |  |  |  |  |  |  |  | 41 |  |  | 41 |  |  |  |
Interest on finance lease liabilities |  |  |  |  |  |  |  | 10 |  |  | 12 |  |  |  |
Total lease expense |  |  |  |  |  |  |  | $ | 2,011 |  |  | $ | 1,835 |  |  |  |
Maturities of lease liabilities are as follows:
|  | September 30, 2022
(In thousands) |  | Operating Leases |  | Finance Leases
2023 |  | $ | 5,838 |  |  | $ | 144 |
2024 |  | 7,524 |  |  | 193 |
2025 |  | 6,333 |  |  | 193 |
2026 |  | 5,238 |  |  | 96 |
2027 |  | 3,784 |  |  | — |
Thereafter |  | 3,060 |  |  | — |
Total lease payments |  | 31,777 |  |  | 626 |
Less: interest |  | (4,114) |  |  | (63) |
Total lease obligations |  | $ | 27,663 |  |  | $ | 563 |
Lease term and discount rate:
|  | September 30, 2022 |  | June 30, 2022
Weighted-average remaining lease terms (in years): |  |  |  |
Operating lease |  | 6.0 |  | 6.3
Finance lease |  | 3.3 |  | 3.5
Weighted-average discount rate: |  |  |  |
Operating lease |  | 5.88 | % |  | 5.69 | %
Finance lease |  | 6.50 | % |  | 6.50 | %
Other Information:
|  | Three Months Ended September 30,
(In thousands) |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 1,920 |  |  | $ | 1,615 |
Operating cash flows from finance leases |  | 10 |  |  | 41 |
Financing cash flows from finance leases |  | 48 |  |  | 12 |

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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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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