Leases (Tables)

12 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lease, Cost

The following table presents lease costs, which include short-term leases, lease term, and discount rates ($000):

	Year Ended June 30, 2020
Finance Lease Cost
Amortization of right-of-use assets	$	1,667
Interest on lease liabilities	1,328
Total finance lease cost	2,995
Operating lease cost	32,466
Sublease income	368
Total lease cost	$	35,093
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating cash flows from finance leases	1,328
Operating cash flows from operating leases	30,816
Financing cash flows from finance leases	1,026
Assets Obtained in Exchange for Lease Liabilities
Right-of-use assets obtained in Finisar acquisition	29,247
Right-of-use assets obtained in exchange for new operating lease liabilities	29,458
Total assets obtained in exchange for new operating lease liabilities	58,705
Weighted-Average Remaining Lease Term (in Years)
Finance leases	11.5
Operating leases	7.2
Weighted-Average Discount Rate
Finance leases	5.6		%
Operating leases	7.3		%

Finance Leases, Future Minimum Lease Payments

The following table presents future minimum lease payments, which include short-term leases ($000):

Future Years	Operating Leases		Finance Leases		Total
Year 1	$	31,100	$	2,419	$	33,519
Year 2	23,964		2,486		26,450
Year 3	20,621		2,554		23,175
Year 4	17,906		2,624		20,530
Year 5	15,381		2,697		18,078
Thereafter	52,316		19,419		71,735
Total minimum lease payments	$	161,288	$	32,199	$	193,487
Less: amounts representing interest	41,953		8,752		50,705
Present value of total lease liabilities	$	119,335	$	23,447	$	142,782

Operating Lease, Future Minimum Lease Payments

The following table presents future minimum lease payments, which include short-term leases ($000):

Future Years	Operating Leases		Finance Leases		Total
Year 1	$	31,100	$	2,419	$	33,519
Year 2	23,964		2,486		26,450
Year 3	20,621		2,554		23,175
Year 4	17,906		2,624		20,530
Year 5	15,381		2,697		18,078
Thereafter	52,316		19,419		71,735
Total minimum lease payments	$	161,288	$	32,199	$	193,487
Less: amounts representing interest	41,953		8,752		50,705
Present value of total lease liabilities	$	119,335	$	23,447	$	142,782