XML 30 R24.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
6 Months Ended
Dec. 31, 2019
Lessee Disclosure [Abstract]  
Schedule of Maturities of Operating Lease Liabilities

The following table provides details of the Company’s future minimum lease payments under operating lease liabilities recorded on the Company’s condensed consolidated balance sheet as of December 31, 2019. The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.

 

Fiscal years ending June 30,  Total Operating
Lease Obligations
(in thousands)
2020 (remainder of)  $989 
2021   1,688 
2022   1,474 
2023   1,093 
2024   329 
Thereafter   650 
Total minimum lease payments  $6,223 
Less: amounts representing interest   466 
Present value of minimum lease payments  $5,757 
Less: current portion   1,621 
Long-term portion  $4,136 
Schedule of Operating Leases

The table below presents additional information related to the Company’s operating leases (in thousands):

 

   Six months ended
December 31, 2019
Operating lease cost     
Operating lease cost (1)  $905 
Short-term lease cost (1)   114 
Variable lease cost (1)   49 
Total lease cost  $1,068 

 

(1)Expenses are classified within selling, general and administrative expenses in the Company’s condensed consolidated statement of operations.

 

The table below presents lease-related terms and discount rates as of December 31, 2019:

 

    December 31, 2019
Weighted average remaining lease terms    
Operating leases   4.3 years
Weighted average discount rate    
Operating leases   3.6%
Schedule of Supplemental Cash Flow Information Related to Company's Long-Term Operating Lease Liabilities

The table below presents supplemental cash flow information related to the Company’s long-term operating lease liabilities as of December 31, 2019 (in thousands):

 

   Six months ended
December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:  $905 
Operating lease right-of-use assets obtained in exchange for operating lease liabilities:  $864 

 

Schedule of Future Minimum Lease Payments Receivable

The future minimum lease payments receivable for sales type leases are as follows (in thousands):

 

Fiscal years ending June 30,  Total Minimum
Lease Payments
to be Received
  Amortization
of Unearned
Income
  Net Investment
in Sales Type
Leases
2020 (remainder of)  $1,002   $551   $451 
2021   1,206    754    452 
2022   889    507    382 
2023   623    311    312 
2024   397    162    235 
Thereafter   189    94    95 
             $1,927 

* Excludes residual values of $1.6 million.