Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Sep. 30, 2022
Leases [Abstract]  
We have operating leases for facilities, vehicles and other equipment. Our facility leases are primarily used for administrative functions, research and development (“R&D”), manufacturing, and storage and distribution. Our finance leases are not material.
Our existing leases do not contain significant restrictive provisions or residual value guarantees; however, certain leases contain provisions for the payment of maintenance, real estate taxes or insurance costs by us. Our leases have remaining lease terms ranging from less than one year to 15 years, including periods covered by options to extend the lease when it is reasonably certain that the option will be exercised.
Lease expense was $9.4 million and $9.1 million for the three months ended September 30, 2022 and 2021, respectively. Expense related to short-term leases, which are not recorded on the Condensed Consolidated Balance Sheets, was not material for the three months ended September 30, 2022 and 2021. As of September 30, 2022 and June 30, 2022, the weighted-average
remaining lease term was 4.8 years for both periods, and the weighted-average discount rate for operating leases was 2.30% and 2.18%, respectively.
Supplemental cash flow information related to leases was as follows:
Three Months Ended September 30,
In thousands 2022 2021
Operating cash outflows from operating leases $ 9,627  $ 9,485 
Right of use assets obtained in exchange for new operating lease liabilities $ 9,220  $ 5,955 
Maturities of lease liabilities as of September 30, 2022 were as follows:
Fiscal Year Ending June 30: (In thousands)
2023 (remaining nine months) $ 25,807 
2024 27,028 
2025 21,023 
2026 16,200 
2027 11,987 
2028 and thereafter 15,499 
Total lease payments 117,544 
Less imputed interest (7,054)
Total $ 110,490 
As of September 30, 2022, w