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Leases (Tables)

6 Months Ended

Dec. 31, 2020

The following table presents amounts recorded on the Condensed Consolidated Balance Sheet related to operating leases at December 31, 2020 and June 30, 2020:


Operating leases	Balance Sheet location	December 31, 2020		June 30, 2020
		(in thousands)
Operating lease right-of-use assets	Other non-current assets	$	21,458	$	23,581
Current operating lease liabilities	Accrued expenses and other current liabilities	4,395		4,476
Long-term operating lease liabilities	Other long-term liabilities	18,712		20,760

Lease, Cost

The following table presents amounts recorded in operating lease expense as part of selling general and administrative expenses on the Condensed Consolidated Income Statements during the quarters and six months ended December 31, 2020 and 2019. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less.


	Quarter ended December 31,				Six months ended December 31,
	2020		2019		2020		2019
	(in thousands)				(in thousands)
Operating lease cost	$	1,332	$	1,562	$	2,687	$	3,164
Variable lease cost	273		281		583		530
	$	1,605	$	1,843	$	3,270	$	3,694

Supplemental cash flow information related to the Company's operating leases for the quarter and six months ended December 31, 2020 and 2019 are presented in the table below:


	Six months ended
	December 31,
		2020		2019
	(in thousands)
Cash paid for amounts in the measurement of lease liabilities		$	2,602	$	2,607
Right-of-use assets obtained in exchange for lease obligations		—		1,533

The weighted-average remaining lease term and discount rate at December 31, 2020 are presented in the table below:


	December 31, 2020
Weighted-average remaining lease term	5.62 years
Weighted-average discount rate	4.1	%

Lessee, Operating Lease, Liability, Maturity

The following table presents the maturities of the Company's operating lease liabilities at December 31, 2020:


	Operating leases
	(in thousands)
Remainder of 2021	$	2,645
2022	4,975
2023	4,672
2024	4,158
2025	3,256
Thereafter	5,990
Total future payments	25,696
Less: amounts representing interest	2,589
Present value of lease payments	$	23,107