LEASES (Tables)

12 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lease Costs and Other Information

The following illustrates the various components of operating lease costs for the period indicated:

	Year Ended June 30, 2020
Operating lease cost	$	68,705
Short-term lease cost	1,178
Variable lease cost	3,536
Sublease income	(6,035		)
Total lease cost	$	67,384

The following table summarizes the weighted average remaining lease term and discount rate as of June 30, 2020:

Weighted-average remaining lease term	6.18 years
Weighted-average discount rate	3.12	%

Supplemental Cash Flow Information

The following table presents supplemental information relating to cash flows arising from lease transactions. Cash payment made for variable lease cost and short-term lease are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:

	Year Ended June 30, 2020
Cash paid for amounts included in the measurement of operating lease liabilities:	$	71,900
Right of use assets obtained in exchange for new operating lease liabilities(1) :	$	32,328

⁽¹⁾ Excludes the impact of $60.1 million of ROU assets acquired as part of the acquisition of Carbonite and $2.9 million of ROU assets acquired as part of the acquisition of XMedius during the year ended June 30, 2020.

Maturity of Lease Liabilities

The following table presents the future minimum lease payments under our operating leases liabilities as of June 30, 2020:

Fiscal years ending June 30,
2021	$	71,577
2022	59,399
2023	45,778
2024	34,077
2025	25,121
Thereafter	72,657
Total Lease payments	$	308,609
Less: Imputed interest	(27,373		)
Total	$	281,236
Reported as:
Current operating lease liabilities	64,071
Non-current operating lease liabilities	217,165
Total	$	281,236

Maturity of Non-cancellable Operating Leases

The following table presents the future minimum lease payments under our operating leases, based on the expected due dates of the various agreements as of June 30, 2019, as previously reported in our Annual Report on Form 10-K for the year ended June 30, 2019, prior to the adoption of Topic 842:

Fiscal years ending June 30,
2020	$	72,853
2021	59,451
2022	46,943
2023	33,871
2024	25,570
Thereafter	80,163
Total minimum lease payments (1)	$	318,851

⁽¹⁾ Net of $30.7 million of sublease income to be received from properties which we have subleased to third parties.