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Leases (Tables)
12 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Operating Lease Right-of-use Assets and Operating Lease Obligation

Operating lease right-of-use assets and operating lease obligation as of June 30, 2020 represented in the table below (in thousands):

 

 

 

Operating

Lease

 

 

Finance

Lease (a)

 

 

Total

 

Operating lease right-of-use asset - initial recognition

 

$

30,578

 

 

$

 

 

$

30,578

 

Lease asset added after initial recognition

 

 

5,244

 

 

 

10

 

 

 

5,254

 

Amortization for the year

 

 

(7,175

)

 

 

(2

)

 

 

(7,177

)

Balance at June 30, 2020

 

$

28,647

 

 

$

8

 

 

$

28,655

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease obligation - initial recognition

 

$

34,465

 

 

$

 

 

$

34,465

 

Lease liability added after initial recognition

 

 

5,244

 

 

 

10

 

 

 

5,254

 

Repayment and interest accretion

 

 

(7,312

)

 

 

(2

)

 

 

(7,314

)

Balance at June 30, 2020

 

$

32,397

 

 

$

8

 

 

$

32,405

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current portion of operating lease obligation

 

$

8,224

 

 

$

5

 

 

$

8,229

 

Noncurrent portion of operating lease obligation

 

$

24,173

 

 

$

3

 

 

$

24,176

 

 

(a)

Finance lease assets included in property and equipment

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2020 are presented in the table below (in thousands):

 

Year Ending June 30,

 

Amount

 

2021

 

$

9,449

 

2022

 

 

9,130

 

2023

 

 

8,510

 

2024

 

 

5,812

 

2025

 

 

3,005

 

Total operating lease payments

 

 

35,906

 

Less: imputed interest

 

 

(3,501

)

Present value of operating lease liabilities

 

$

32,405

 

Weighted average remaining lease term (in years)

 

 

3.94

 

Weighted average discount rate

 

 

5.30

%