Operating lease cost	Fiscal year ended June 30, 2023		Fiscal year ended June 30, 2022
Operating lease cost (1)	$	3,526	$	2,612
Variable lease cost (2)		3,391		289
Total lease cost	$	6,917	$	2,901

(1)

Expenses are classified within selling, general and administrative expenses in the Company’s consolidated statements of operations for the fiscal years ended June 30, 2023 and 2022.

(2)

Certain of the Company’s subsidiaries lease space at locations where (i) they install laundry equipment and customers pay for the use of equipment and (ii) the leased space is paid for as part of a revenue sharing arrangement. The Company did not report this variable lease cost in the fiscal year ended June 30, 2022 and does not believe the omission is material to the Company’s consolidated financial statements. These expenses are classified within cost of sales in the Company’s consolidated statements of operations for the fiscal years ended June 30, 2023 and 2022.

	June 30, 2023		June 30, 2022
Weighted average remaining lease terms
Operating leases		4.0 years		4.8 years
Weighted average discount rate
Operating leases		3.45%		3.2%

Schedule of 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

2024	$	4,385	$	2,759	$	1,626
2025		3,377		2,172		1,205
2026		2,749		1,522		1,227
2027		1,962		951		1,011
2028		938		414		524
Thereafter		816		355		461
					$	6,054	*

* Excludes non-guaranteed residual values of $3.0 million.