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Leases
 12 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases Leases
We have operating leases with initial noncancelable lease terms in excess of one year covering the rental of various facilities and equipment. Certain of these leases contain renewal options and some provide options to purchase during the lease term. Our operating leases include leases for real estate for some of our office and manufacturing facilities as well as manufacturing and non-manufacturing equipment used in our business. The remaining lease terms for these operating leases range from 1 year to 10 years.
We have finance leases with initial noncancelable lease terms in excess of one year covering the rental of various facilities and equipment. Certain of these leases contain renewal options and some provide options to purchase during the lease term. These leases are generally for non-manufacturing equipment used in our business and warehouse facilities. The remaining lease terms for these finance leases range from 1 year to 3 years.
As of June 30, 2022 and 2021, the weighted-average discount rate of our operating leases was 2.6% and 2.9%, respectively. As of June 30, 2022 and 2021, the weighted-average discount rate of our finance leases was 1.8% and 1.9%, respectively.
The components of lease expense in each of the years ended June 30 have been provided as follows:
202220212020
Operating lease cost in Cost of Sales and Selling, General and Administrative Expenses$9,246 $8,300 $8,726 
Finance lease cost:
Amortization of assets in Cost of Sales and Selling, General and Administrative Expenses$2,413 $1,571 $335 
Interest on lease liabilities in Other, Net153 156 73 
Total finance lease cost$2,566 $1,727 $408 
Short-term lease cost in Cost of Sales and Selling, General and Administrative Expenses4,639 2,652 2,405 
Total net lease cost$16,451 $12,679 $11,539 
Supplemental balance sheet information related to leases at June 30 is as follows:
20222021
Operating Leases
Operating Lease Right-Of-Use Assets$28,177 $22,455 
Current operating lease liabilities in Accrued Liabilities$8,874 $6,861 
Noncurrent Operating Lease Liabilities20,494 17,228 
Total operating lease liabilities$29,368 $24,089 
Finance Leases
Finance lease right-of-use assets in Property, Plant and Equipment-Net$7,217 $9,212 
Current finance lease liabilities in Accrued Liabilities$2,542 $2,517 
Noncurrent finance lease liabilities in Other Noncurrent Liabilities4,320 6,667 
Total finance lease liabilities$6,862 $9,184 
Supplemental cash flow information related to leases in each of the years ended June 30 is as follows:
202220212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$9,603 $8,501 $8,923 
Operating cash flows from finance leases$153 $156 $73 
Financing cash flows from finance leases$2,655 $2,002 $432 
Supplemental noncash information on operating lease liabilities arising from obtaining right-of-use assets$16,617 $7,005 $5,611 
Supplemental noncash information on operating lease liabilities removed due to purchase of leased asset$— $— $5,765 
Supplemental noncash information on finance lease liabilities arising from obtaining right-of-use assets$334 $9,035 $631 
As of June 30, 2022, the maturities of lease liabilities were as follows:
Operating LeasesFinance Leases
2023$9,541 $2,644 
20248,016 2,122 
20255,223 1,973 
20264,995 306 
20272,697 — 
Thereafter546 — 
Total minimum payments$31,018 $7,045 
Less amount representing interest(1,650)(183)
Present value of lease obligations$29,368 $6,862 
As of June 30, 2022 and 2021, the weighted-average remaining term of our operating leases was 4.0 years and 4.4 years, respectively. As of June 30, 2022 and 2021, the weighted-average remaining term of our finance leases was 3.0 years and 4.0 years, respectively.
We have additional operating lease commitments totaling $1.9 million for equipment that had not been delivered as of June 30, 2022.