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):

	March 31, 2020
Operating lease right-of-use assets	$	339,292

Operating lease liabilities, current		69,601
Operating lease liabilities, noncurrent		315,702
	$	385,303

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			Nine Months Ended
	March 31, 2020			March 31, 2020
Operating lease cost	$	21,674		$	64,262
Short-term and variable lease cost		3,850			10,844
Sublease income		(94	)		(998	)
Total lease cost	$	25,430		$	74,108

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 (three months)	$	15,389
2021		86,905
2022		71,014
2023		62,090
2024		51,155
Thereafter		142,258
Total undiscounted lease payments		428,811
Less: imputed interest		(43,508	)
Total discounted lease liabilities	$	385,303

The weighted-average remaining lease term (in years) and weighted-average discount rate was 6.26 years and 3.27 percent, respectively.

Cash paid for operating leases was $65.9 million for the nine months ended March 31, 2020. During the nine months ended March 31, 2020 operating lease liabilities arising from obtaining new ROU assets was $39.8 million, which includes all noncash changes arising from new or remeasured operating lease arrangements.

During April 2020, the Company entered into a lease agreement that will impact its financial statements starting in Q2 FY2021. Annual lease cost is expected to be approximately $6.0 million over a lease term of 12 years.