Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.4
Leases (Tables)
 6 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Components of Operating Lease Expense Components of operating lease expense for the three and six months ended December 31, 2022 and 2021 were as follows:

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,
2022

 

 

December 31,
2021

 

 

December 31,
2022

 

 

December 31,
2021

 

Operating lease costs

 

$

366

 

 

$

385

 

 

$

728

 

 

$

834

 

Variable lease costs

 

 

115

 

 

 

121

 

 

 

219

 

 

 

236

 

Short term lease costs

 

 

24

 

 

 

25

 

 

 

49

 

 

 

47

 

Finance lease costs

 

 

—

 

 

 

5

 

 

 

—

 

 

 

10

 

 

 

$

505

 

 

$

536

 

 

$

996

 

 

$

1,127

 
Schedule of Future Undiscounted Cash Flows for Each of Next Five Years and Thereafter and Reconciliation to Lease Liabilities

The following represents our future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities, as of December 31, 2022:

Years ending June 30,

 

Operating
Leases

 

 

2023 (6 months remaining)

 

$

810

 

 

2024

 

 

1,624

 

 

2025

 

 

1,599

 

 

2026

 

 

1,171

 

 

2027

 

 

823

 

 

Thereafter

 

 

1,326

 

 

Total lease payments

 

 

7,353

 

 

Imputed interest

 

 

(890

)

 

 

 

$

6,463

 

(1)

Operating lease liability - current

 

$

1,310

 

(2)

Operating lease liability - long-term

 

 

5,153

 

(3)

 

 

$

6,463

 

(1)

 

(1)
Represents the present value of the capitalized operating lease liabilities as of December 31, 2022.
(2)
Current operating lease liabilities are presented within accrued liabilities on our condensed consolidated balance sheets.
(3)
Long-term operating lease liabilities are presented within other liabilities on our condensed consolidated balance sheets.