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Leases
 9 Months Ended
Mar. 31, 2024
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 eight years. As of March 31, 2024, the weighted average remaining lease term and weighted average discount rate for operating leases was 7.28 years and 3.26%, respectively. As of June 30, 2023, the weighted average remaining lease term and weighted average discount rate for operating leases was 8.27 years and 3.25%, respectively.
For the three months ended March 31, 2024 and 2023, operating lease expense was $0.5 million and $0.6 million, respectively. For the nine months ended March 31, 2024 and 2023, operating lease expense was $1.6 million and $2.2 million, respectively.
The components of lease expense for the three and nine months ended March 31, 2024 and 2023, were as follows:
Three Months Ended March 31,Nine Months Ended March 31,
2024202320242023
Operating lease expense
Operating lease cost$459 $516 $1,451 $1,929 
Variable lease cost42 103 136 189 
Short-term lease costs12 18 35 63 
Total lease expense$513 $637 $1,622 $2,181 
Supplemental cash flow information related to operating leases was as follows (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2024202320242023
Operating cash outflows from operating leases$560 $782 $1,651 $2,288 
Right-of-use assets obtained in exchange for lease obligations$265 $— $1,767 $— 
Maturity of lease liabilities at March 31, 2024 are as follows (in thousands):
Year ended June 30,Amount
2024 (remaining three months ending June 30, 2024)$550 
20252,025 
20262,068 
20272,080 
20282,057 
Thereafter6,394 
Total15,174 
Less: imputed interest(1,647)
Present value of lease liabilities$13,527