Leases

9 Months Ended

Mar. 31, 2023

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 March 31, 2023, the weighted average remaining lease term and weighted average discount rate for operating leases was 8.36 years and 3.25%, respectively.

For the three months ended March 31, 2023 and 2022, operating lease expense was $0.6 million and $0.8 million, respectively. For the nine months ended March 31, 2023 and 2022, operating lease expense was $2.2 million and $2.5 million, respectively.

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

	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2022		2021
Operating cash outflows from operating leases	$	782	$	804	$	2,288	$	1,858

Maturity of lease liabilities at March 31, 2023 are as follows (in thousands):

Year ended June 30,	Amount
2023 (remaining three months ending June 30, 2023)	$	700
2024	1,930
2025	1,606
2026	1,646
2027	1,687
Thereafter	8,123
Total	15,692
Less: imputed interest	(1,999)
Present value of lease liabilities	$	13,693