Note E - Leases

3 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

E. Leases

We currently lease our Vista, CA and Lugano, Switzerland product manufacturing and support facilities.

Leases are classified as operating leases. Substantially all our operating leases are comprised of payments for the use of manufacturing and office space. We have no leases classified as finance leases. As of September 30, 2022, the weighted average remaining lease term for our operating leases was 6.1 years and the weighted average discount rate for our operating leases was 4.13%. As of June 30, 2022, the weighted average remaining lease term for our operating leases was 6.3 years and the weighted average discount rate was 4.12%.

Other information related to leases as of September 30, 2022, was as follows (in thousands):

Supplemental Cash Flows Information	Three Months Ended September 30, 2022		Three Months Ended September 30, 2021
Cash paid for amounts included in the measurement of operating lease liabilities	$	811	$	811
Operating lease liabilities arising from obtaining Right of Use Assets for new leases		—		—