Leases

3 Months Ended

Sep. 30, 2021

Leases [Abstract]

Leases

Leases

The Company has operating leases for current corporate offices and certain equipment. These leases have remaining terms of approximately one to ten years. As of September 30, 2021, the weighted average remaining lease term and weighted average discount rate for operating leases was 8.84 years and 3.31%, respectively.

For the three months ended September 30, 2021 and 2020, operating lease expense was $0.8 million and $1.2 million, respectively.

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

	Three Months Ended September 30,
	2021		2020
Operating cash outflows from operating leases	$	768	$	616
Right-of-use assets obtained in exchange for lease obligations	$	—	$	14,682

Maturity of lease liabilities at September 30, 2021 are as follows (in thousands):

Year ended June 30,	Amount
2022 (remaining nine months ending June 30, 2022)	$	2,042
2023	3,150
2024	1,872
2025	1,606
2026	1,646
Thereafter	9,810
Total	20,126
Less: imputed interest	(2,360)
Present value of lease liabilities	$	17,766