The Company’s operating leases consist primarily of leases for office space, data centers and satellite ground facilities and have remaining terms from one to ten years, some of which include renewal options, and some of which include options to terminate the leases within one year. Certain earth station leases have renewal terms that have been deemed to be reasonably certain to be exercised and as such have been recognized as part of the Company’s right-of-use assets and lease liabilities. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company recognized right-of-use assets and lease liabilities for such leases in connection with its adoption of ASC 842 as of April 1, 2019 (see Note 1).

The Company’s condensed consolidated balance sheet as of June 30, 2019 includes the following amounts for right-of-use assets and lease liabilities:

	As of June 30, 2019
	(In thousands)
Operating lease right-of-use assets	$	320,227

Operating lease liabilities	$	40,804
Non-current operating lease liabilities		297,867
Total operating lease liabilities	$	338,671

	Three Months Ended
	June 30, 2019
	(In thousands)
Operating lease cost	$	15,399
Short-term and equipment lease cost		611
Variable lease cost		1,679
Net lease cost	$	17,689

The following table details components of cash flows for operating leases, right-of-use assets obtained in exchange for new operating lease liabilities, weighted average lease terms and discount rates:

	Three Months Ended
(In thousands, except lease term and discount rate)	June 30, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	14,914
Right-of-use assets obtained in exchange for new operating lease liabilities	$	3,566
Weighted average remaining lease term - operating leases (in years)		7.6
Weighted average discount rate - operating leases		5.5	%

The following table presents future lease payments under operating leases as of June 30, 2019:

	Operating Leases
	June 30, 2019
	(In thousands)
Expected for the remainder of fiscal year 2020	$	42,551
Expected for fiscal year 2021		57,982
Expected for fiscal year 2022		55,520
Expected for fiscal year 2023		50,260
Expected for fiscal year 2024		50,225
Thereafter		160,415
Total future lease payments required		416,953
Less: imputed interest		78,282
Total	$	338,671

As of June 30, 2019, the Company had $142.5 million of additional lease commitments that will commence in the future between fiscal years 2020 and 2021 with lease terms of three to 12 years.

As discussed in Note 1, the Company has adopted ASC 842 using the optional transition method presenting prior period amounts and disclosures under ASC 840. The following table presents the Company's future minimum lease payments for operating leases under ASC 840 at March 31, 2019:

	Operating Leases
	March 31, 2019
	(In thousands)
Expected for fiscal year 2020	$	59,164
Expected for fiscal year 2021		59,452
Expected for fiscal year 2022		57,500
Expected for fiscal year 2023		50,933
Expected for fiscal year 2024		51,000
Thereafter		183,077
Total minimum payments required	$	461,126