Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
 6 Months Ended
Dec. 31, 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 December 31, 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,   Total Operating
Lease Obligations
(in thousands)
2020 (remainder of)   $ 989  
2021     1,688  
2022     1,474  
2023     1,093  
2024     329  
Thereafter     650  
Total minimum lease payments   $ 6,223  
Less: amounts representing interest     466  
Present value of minimum lease payments   $ 5,757  
Less: current portion     1,621  
Long-term portion   $ 4,136  
Schedule of Operating Leases

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

 

    Six months ended
December 31, 2019
Operating lease cost        
Operating lease cost (1)   $ 905  
Short-term lease cost (1)     114  
Variable lease cost (1)     49  
Total lease cost   $ 1,068  

 

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

 

The table below presents lease-related terms and discount rates as of December 31, 2019:

 

    December 31, 2019
Weighted average remaining lease terms    
Operating leases   4.3 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 December 31, 2019 (in thousands):

 

    Six months ended
December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:   $ 905  
Operating lease right-of-use assets obtained in exchange for operating lease liabilities:   $ 864  

 
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)   $ 1,002     $ 551     $ 451  
2021     1,206       754       452  
2022     889       507       382  
2023     623       311       312  
2024     397       162       235  
Thereafter     189       94       95  
                    $ 1,927  

* Excludes residual values of $1.6 million.