Leases

6 Months Ended

Dec. 31, 2020

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):

	December 31, 2020		June 30, 2020
Operating lease right-of-use assets	$	374,310	$	330,767

Operating lease liabilities, current		60,175		67,549
Operating lease liabilities, noncurrent		376,039		309,680
	$	436,214	$	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						Six Months Ended
	December 31,						December 31,
	2020			2019			2020			2019
Operating lease cost	$	22,615		$	21,382		$	44,587		$	42,588
Short-term and variable lease cost		3,611			3,623			7,279			6,993
Sublease income		(86	)		(438	)		(212	)		(902	)
Total lease cost	$	26,140		$	24,567		$	51,654		$	48,679

The Company’s future minimum lease payments under non-cancelable operating leases for the remainder of the fiscal year ending June 30, 2021, and for each of the fiscal years thereafter, are as follows (in thousands):

Fiscal year ending June 30,
2021 (six months)	$	33,167
2022		77,286
2023		73,707
2024		66,459
2025		58,069
Thereafter		174,510
Total undiscounted lease payments		483,198
Less: imputed interest		(46,984	)
Total discounted lease liabilities	$	436,214

The weighted-average remaining lease term (in years) and weighted-average discount rate was 7.09 years and 2.85 percent, respectively.

Cash paid for operating leases was $44.2 million for the six months ended December 31, 2020. During the six months ended December 31, 2020 operating lease liabilities arising from obtaining new ROU assets was $81.8 million, which includes all noncash changes arising from new or remeasured operating lease arrangements.