LEASES

12 Months Ended

Jun. 30, 2020

We have operating leases for facilities, vehicles and other equipment. Our facility leases are primarily used for administrative functions, research and development, manufacturing, and storage and distribution. Our finance leases are not material.

Our existing leases do not contain significant restrictive provisions or residual value guarantees; however, certain leases contain provisions for payment of maintenance, real estate taxes, or insurance costs by us. Our leases have remaining lease terms ranging from less than one year to sixteen years, including periods covered by options to extend the lease when it is reasonably certain that the option will be exercised.

Lease expense for the fiscal year ended June 30, 2020 was $35.1 million. Expense related to short-term leases, which are not recorded on the Consolidated Balance Sheets, was not material for the fiscal year ended June 30, 2020. At June 30, 2020, the weighted average remaining lease term and weighted average discount rate for operating leases was 5.1 years and 1.99%, respectively.

Supplemental cash flow information related to leases was as follows:


Fiscal year ending June 30:	Amount (In thousands)
Operating cash outflows from operating leases	$	34,702
ROU assets obtained in exchange for new operating lease liabilities	$	24,549

Maturities of lease liabilities as of June 30, 2020 were as follows:


Fiscal year ending June 30:	Amount (In thousands)
2021	$	30,628
2022	22,750
2023	15,410
2024	10,221
2025	8,508
2026 and thereafter	18,226
Total lease payments	105,743
Less imputed interest	(5,864)
Total	$	99,879

As of June 30, 2020, we did not have material leases that had not yet commenced.

As of June 30, 2019, future minimum lease payments as defined under the previous lease accounting guidance of ASC 840 under noncancelable operating leases were as follows:


Fiscal year ending June 30:	Amount (In thousands)
2020	$	30,296
2021	22,250
2022	16,217
2023	11,878
2024	7,912
2025 and thereafter	15,018
Total minimum lease payments	$	103,571

Facilities rent expense under the previous lease accounting guidance of ASC 840 was $13.5 million and $10.4 million for the fiscal years ended June 30, 2019 and 2018.