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Leases
3 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Leases

11.

Leases

All of the Company’s leases are operating leases. The current portion of operating lease liabilities is included in other accrued expenses and current liabilities in our consolidated balance sheets. Lease balances in our consolidated balance sheet are as follows (in thousands):

 

 

 

September 30,

2019

 

Operating lease right-of-use assets

 

$

346,273

 

 

 

 

 

 

Operating lease liabilities, current

 

 

69,715

 

Operating lease liabilities, noncurrent

 

 

324,601

 

 

 

$

394,316

 

The Company’s total lease cost is recorded primarily within indirect costs and selling expenses and had the following impact on the consolidated statement of operations (in thousands):

 

 

 

Three Months

Ended

September 30, 2019

 

Operating lease cost

 

$

21,206

 

Short-term and variable lease cost

 

 

3,370

 

Sublease income

 

 

(464

)

 

 

$

24,112

 

The Company’s future minimum lease payments under non-cancelable operating leases for the remainder of the fiscal year ending June 30, 2020, and for each of the fiscal years thereafter, are as follows (in thousands):  

 

Fiscal year ending June 30,

 

 

 

 

2020 (nine months)

 

$

61,044

 

2021

 

 

76,464

 

2022

 

 

67,172

 

2023

 

 

57,465

 

2024

 

 

45,953

 

Thereafter

 

 

134,390

 

Total undiscounted lease payments

 

 

442,488

 

Less:  imputed interest

 

 

(48,172

)

Total discounted lease liabilities

 

$

394,316

 

The weighted-average remaining lease term (in years) and weighted-average discount rate was 6.62 years and 3.39 percent, respectively.

Cash paid for operating leases was $20.9 million for the three months ended September 30, 2019.