Leases (Tables)

9 Months Ended

Mar. 31, 2022

Leases [Abstract]

Assets and Liabilities, Lessee

The following table presents amounts recorded on the Condensed Consolidated Balance Sheet related to operating leases at March 31, 2022 and June 30, 2021:

		March 31, 2022		June 30, 2021
Operating leases	Balance Sheet location	(in thousands)
Operating lease right-of-use assets	Other non-current assets	$	17,569	$	19,246
Current operating lease liabilities	Accrued expenses and other current liabilities	$	4,391	$	4,284
Long-term operating lease liabilities	Other long-term liabilities	$	14,591	$	16,550

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 nine months ended March 31, 2022 and 2021. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less.

	Quarter ended March 31,				Nine months ended March 31,
	2022		2021		2022		2021
	(in thousands)
Operating lease cost	$	1,366	$	1,277	$	3,877	$	3,964
Variable lease cost	317		297		966		880
	$	1,683	$	1,574	$	4,843	$	4,844

Supplemental cash flow information related to the Company's operating leases for the nine months ended March 31, 2022 and 2021 are presented in the table below:

	Nine months ended
	March 31,
	2022		2021
	(in thousands)
Cash paid for amounts in the measurement of lease liabilities	$	4,082	$	4,116
Right-of-use assets obtained in exchange for lease obligations	2,313		—

The weighted-average remaining lease term and discount rate at March 31, 2022 are presented in the table below:

	March 31, 2022
Weighted-average remaining lease term	4.52 years
Weighted-average discount rate	4.09	%

Lessee, Operating Lease, Liability, Maturity

The following table presents the maturities of the Company's operating lease liabilities at March 31, 2022:

	Operating leases
	(in thousands)
2022	$	1,438
2023	5,507
2024	4,666
2025	3,563
2026	3,029
Thereafter	2,621
Total future payments	20,824
Less: amounts representing interest	1,842
Present value of lease payments	$	18,982