Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3
Leases (Tables)
3 Months Ended
Sep. 30, 2019
Lessee Disclosure [Abstract]  
Schedule of Maturities of Operating Lease Liabilities

The following table provides details of the Company’s future minimum lease payments under operating lease liabilities recorded on the Company’s condensed consolidated balance sheet as of September 30, 2019. The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.

 

Fiscal years ending June 30,
(in thousands)
  Total Operating
Lease Obligations
2020 (remainder of)   $ 1,449  
2021     1,661  
2022     1,378  
2023     948  
2024     329  
Thereafter     650  
Total minimum lease payments   $ 6,415  
Less: amounts representing interest     494  
Present value of minimum lease payments   $ 5,921  
Less: current portion     1,689  
Long-term portion   $ 4,232  
Schedule of Operating Leases

The table below presents additional information related to the Company’s operating leases (in thousands):

 

  Three months ended
September 30, 2019
Operating lease cost
Operating lease cost (1) $ 435
Short-term lease cost (1)   59
Variable lease cost (1)   61
Total lease cost $ 555

 

(1) Expenses are classified within selling, general and administrative expenses within the Company’s condensed consolidated statement of operations.

 

The table below presents lease-related terms and discount rates as of September 30, 2019:

 

    September 30, 2019
Weighted average remaining lease terms    
Operating leases   4.4 years
Weighted average discount rate    
Operating leases   3.6%
Schedule of Supplemental Cash Flow Information Related to Company's Long-Term Operating Lease Liabilities

The table below presents supplemental cash flow information related to the Company’s long-term operating lease liabilities as of September 30, 2019 (in thousands):

 

    Three months ended
September 30, 2019
 
Cash paid for amounts included in the measurement of lease liabilities:   $ 435  
Operating lease right-of-use assets obtained in exchange for operating lease liabilities:   $ 474  
Schedule of Future Minimum Lease Payments Receivable

The future minimum lease payments receivable for sales type leases are as follows (in thousands):

 

Fiscal years ending June 30,   Total Minimum
Lease Payments
to be Received
  Amortization
of Unearned
Income
  Net Investment
in Sales Type
Leases
2020 (remainder of)   $ 1,284     $ 689     $ 595  
2021     1,084       674       410  
2022     775       438       337  
2023     515       250       265  
2024     288       114       174  
Thereafter     73       33       40  
                    $ 1,821  

* Excludes residual values of $1.5 million.