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Leases
3 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases

12.

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,

2020

 

 

June 30,

2020

 

Operating lease right-of-use assets

 

$

381,484

 

 

$

330,767

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities, current

 

 

52,489

 

 

 

67,549

 

Operating lease liabilities, noncurrent

 

 

377,742

 

 

 

309,680

 

 

 

$

430,231

 

 

$

377,229

 

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,

 

 

 

2020

 

 

2019

 

Operating lease cost

 

$

21,972

 

 

$

21,206

 

Short-term and variable lease cost

 

 

3,668

 

 

 

3,370

 

Sublease income

 

 

(126

)

 

 

(464

)

Total lease cost

 

$

25,514

 

 

$

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,

 

 

 

 

2021 (nine months)

 

$

43,550

 

2022

 

 

75,878

 

2023

 

 

71,507

 

2024

 

 

64,277

 

2025

 

 

56,019

 

Thereafter

 

 

168,161

 

Total undiscounted lease payments

 

 

479,392

 

Less:  imputed interest

 

 

(49,161

)

Total discounted lease liabilities

 

$

430,231

 

The weighted-average remaining lease term (in years) and weighted-average discount rate was 7.16 years and 2.90 percent, respectively.

Cash paid for operating leases was $22.4 million for the three months ended September 30, 2020.  During the three months ended September 30, 2020 operating lease liabilities arising from obtaining new ROU assets was $70.5 million, which includes all noncash changes arising from new or remeasured operating lease arrangements.