Leases

3 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Leases

Leases

Operating lease cost amounted to $0.6 million and $0.6 million for three months period ended September 30, 2020 and 2019. As of September 30, 2020, the Company’s right-of-use assets, lease obligations and remaining cash commitment on these leases (in thousands):

	Right-of-Use Assets		Operating Lease Obligations		Remaining Cash Commitment
Operating leases	$	4,213	$	4,323	$	5,080

The Company has other operating lease agreements with commitments of less than one year or that are not significant. The Company elected the practical expedient option and as such, these lease payments are expensed as incurred. The Company’s weighted average discount rate and remaining term on lease liabilities is approximately 9.0% and 4.0 years. As of September 30, 2020, the Company’s financing leases are de minimis. The foreign exchange impact affecting the operating leases are de minimis.

The Company entered into $0.1 million in operating lease commitments during the three months ended September 30, 2020. At September 30, 2020, the Company had the following fiscal year minimum operating lease commitments (in thousands)

Three months ended September 30, 2020	Operating Lease Commitments
2021 (Remainder of year)	$	1,757
2022	1,051
2023	740
2024	707
2025	349
Thereafter	476
Subtotal	$	5,080
Imputed interest	(757)
Total	4,323