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Leases (Tables)
12 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of maturities of operating lease liabilities

Fiscal years ending

Maturity of

Operating Lease

Liabilities

(in thousands)

 

2023

$

2,749

2024

1,898

2025

1,339

2026

902

2027

735

Thereafter

1,281

Total lease payments

$

8,904

Less: amounts representing interest

650

Present value of lease liabilities

$

8,254

Less: current portion

2,518

Long-term portion

$

5,736

Schedule of operating leases

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

Operating lease cost

Twelve months

ended June 30,

2022

Twelve months

ended June 30,

2021

 

Operating lease cost (1)

$

2,612

$

2,109

Short-term lease cost (1)

-

12

Variable lease cost (1)

289

351

Total lease cost

$

2,901

$

2,472

(1) Expenses are classified within selling, general and administrative expenses in the Company’s consolidated statements of operations for the years ended June 30, 2022 and 2021.

The table below presents lease-related terms and discount rates as of June 30, 2022 and 2021:

June 30, 2022

June 30, 2021

Weighted average remaining lease terms

Operating leases

4.8 years

5.4 years

Weighted average discount rate

Operating leases

3.2

%

2.9

%

Schedule of supplemental cash Flow information related to company's long-term operating lease liabilities

Twelve months

ended

June 30, 2022

Twelve months

ended

June 30, 2021

Cash paid for amounts included in the measurement of lease liabilities:

$

2,612

$

2,109

Operating lease right-of-use assets obtained in exchange for operating lease liabilities:

$

2,658

$

3,649

Schedule of minimum future rental commitments

Fiscal years ending June 30,

Total Minimum

Lease Payments

to be Received

Amortization of

Unearned

Income

Net Investment

in

Sales Type

Leases

 

2022

$

3,768

$

2,262

$

1,506

2023

2,907

1,699

1,208

2024

2,133

1,156

977

2025

1,484

691

793

2026

702

302

400

Thereafter

506

206

300

$

5,184

*

* Excludes non-guaranteed residual values of $2.6 million.