XML 68 R42.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
12 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Assets And Liabilities Lessee
The following table presents amounts recorded on the Condensed Consolidated Balance Sheet related to operating leases at June 30, 2021 and 2020:

Operating leasesBalance Sheet locationJune 30, 2021June 30, 2020
(in thousands)
Operating lease right-of-use assetsOther non-current assets$19,246 $23,581 
Current operating lease liabilitiesAccrued expenses and other current liabilities4,284 4,476 
Long-term operating lease liabilitiesOther long-term liabilities16,550 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 fiscal years ended June 30, 2021 and 2020. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less.
Fiscal year ended June 30,
20212020
(in thousands)
Operating lease cost$5,256 $6,135 
Variable lease cost1,068 1,485 
$6,324 $7,620 


Supplemental cash flow information related to the Company's operating leases for the fiscal year ended June 30, 2021 are presented in the table below:

Fiscal year ended June 30,
20212020
(in thousands)
Cash paid for amounts in the measurement of lease liabilities$5,456 $5,773 
Right-of-use assets obtained in exchange for lease obligations 1,672 


The weighted-average remaining lease term and discount rate at June 30, 2021 are presented in the table below:

June 30, 2021
Weighted-average remaining lease term5.22
Weighted-average discount rate4.11 %
Lessee, Operating Lease, Liability, Maturity The following table presents the maturities of the Company's operating lease liabilities at June 30, 2021:
Operating leases
(in thousands)
2022$5,040 
20234,680 
20244,158 
20253,256 
20262,721 
Thereafter3,269 
Total future payments23,124 
Less: amounts representing interest2,290 
Present value of lease payments$20,834