NOTE 14. LEASES

The Company conducts its operations from leased office facilities, all of which are classified as operating leases and expire over the next 12 years. Future minimum lease payments due under non-cancelable leases as of June 30, 2018, are as follows (in thousands):

Year ending June 30:
2019	$	62,931
2020		48,959
2021		42,488
2022		33,227
2023		22,509
Thereafter		58,726
Total minimum lease payments	$	268,840

The minimum lease payments above are shown net of sublease rental income of $6.7 million scheduled to be received over the next five years under non-cancelable sublease agreements.

Rent expense incurred under operating leases for the years ended June 30, 2018, 2017, and 2016 totaled $68.0 million, $76.2 million, and $62.8 million, respectively.