Leases

9 Months Ended

Mar. 31, 2021

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):

	March 31, 2021		June 30, 2020
Operating lease right-of-use assets	$	371,151	$	330,767

Operating lease liabilities, current		59,357		67,549
Operating lease liabilities, noncurrent		377,044		309,680
	$	436,401	$	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						Nine Months Ended
	March 31,						March 31,
	2021			2020			2021			2020
Operating lease cost	$	22,312		$	21,674		$	66,899		$	64,262
Short-term and variable lease cost		3,427			3,850			10,706			10,844
Sublease income		(84	)		(94	)		(296	)		(998	)
Total lease cost	$	25,655		$	25,430		$	77,309		$	74,108

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 (three months)	$	13,188
2022		77,841
2023		76,895
2024		70,669
2025		62,468
Thereafter		180,313
Total undiscounted lease payments		481,374
Less: imputed interest		(44,973	)
Total discounted lease liabilities	$	436,401

The weighted-average remaining lease term (in years) and weighted-average discount rate was 6.94 years and 2.78 percent, respectively.

Cash paid for operating leases was $64.6 million for the nine months ended March 31, 2021. During the nine months ended March 31, 2021 operating lease liabilities arising from obtaining new ROU assets was $97.8 million, which includes all noncash changes arising from new or remeasured operating lease arrangements.