Leases

6 Months Ended

Dec. 31, 2022

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 nine years. As of December 31, 2022, the weighted average remaining lease term and weighted average discount rate for operating leases was 8.44 years and 3.25%, respectively.

For the three months ended December 31, 2022 and 2021, operating lease expense was $0.8 million and $0.8 million, respectively. For the six months ended December 31, 2022 and 2021, operating lease expense was $1.5 million and $1.6 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,
	2022		2021		2022		2021
Operating cash outflows from operating leases	$	755	$	524	$	1,506	$	1,054

Maturity of lease liabilities at December 31, 2022 are as follows (in thousands):

Year ended June 30,	Amount
2023 (remaining six months ending June 30, 2023)	$	1,404
2024	1,926
2025	1,606
2026	1,646
2027	1,687
Thereafter	8,123
Total	16,392
Less: imputed interest	(2,100)
Present value of lease liabilities	$	14,292