Leases

6 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases

LeasesThe Company has operating leases for current corporate offices and certain equipment. These leases have remaining terms of approximately one to eleven years. As of December 31, 2020, the weighted average remaining lease term and weighted average discount rate for operating leases was 9.17 years and 3.34%, respectively.

For the three months ended December 31, 2020 and 2019, operating lease expense was $0.8 million and $0.7 million, respectively. For the six months ended December 31, 2020 and 2019, operating lease expense was $2.0 million and $1.3 million, respectively.

Supplemental cash flow information related to operating leases was as follows (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2020		2019		2020		2019
Operating cash outflows from operating leases	$	776	$	720	$	1,392	$	1,440
Right-of-use assets obtained in exchange for lease obligations	$	—	$	—	$	14,682	$	—

Maturity of lease liabilities at December 31, 2020 are as follows (in thousands):

Year ended June 30,	Amount
2021 (remaining six months ending June 30, 2021)	$	1,225
2022	2,431
2023	3,043
2024	1,726
2025	1,606
Thereafter	10,601
Total	20,632
Less: imputed interest	(3,174)
Present value of lease liabilities	$	17,458