Leases

3 Months Ended

Sep. 30, 2020

The Company leases offices, warehouses and other premises, vehicles and certain equipment leased under non-cancelable operating leases. Operating lease expense recognized and supplemental cash flow information related to operating leases for the three months ended September 30, 2020 and 2019 were as follows (in thousands):


	Three Months Ended September 30,
	2020		2019
Operating lease expense (including expense for lease agreements with related parties of $347 and $365 for the three months ended September 30, 2020 and 2019, respectively)	$	2,000	$	1,709
Cash payments for operating leases (including payments to related parties of $347 and $357 for the three months ended September 30, 2020 and, 2019, respectively)	$	1,966	$	1,845

During the three months ended September 30, 2020 and 2019, the Company's costs related to short-term lease arrangements for real estate and non-real estate assets were immaterial. Variable payments expensed in the three months ended September 30, 2020 and September 30, 2019 were immaterial.

As of September 30, 2020, the weighted average remaining lease term for operating leases was 4.3 years and the weighted average discount rate was 3.5%. Future minimum lease payments under noncancelable operating lease arrangements as of September 30, 2020 were as follows (in thousands):


Fiscal Year:	Minimum lease payments
2021	$	5,857
2022	6,492
2023	4,933
2024	4,267
2025	4,354
2026 and beyond	993
Total future lease payments	$	26,896
Less: Imputed interest	(1,977)
Present value of operating lease liabilities	$	24,919

As of September 30, 2020, commitments under short-term lease arrangements, and operating and financing leases that have not yet commenced were immaterial.

The Company has entered into lease agreements with related parties. See Note 8, "Related Party Transactions," for discussion.