Operating Leases (Tables)

12 Months Ended

Jun. 30, 2020

The components of lease cost are as follows (in thousands):

	Year Ended June 30, 2020
Operating lease cost	$	94,318
Variable lease cost		24,014
Finance lease cost:
Amortization of right-of-use assets		286
Interest on lease liabilities		29
Total lease cost	$	118,647

The table below presents additional information related to the Company’s leases as of June 30, 2020:

	As of June 30, 2020
Weighted average remaining lease term (in years)
Operating leases		5.9
Finance leases		2.6
Weighted average discount rate
Operating leases		5.8	%
Finance leases		3.9	%

Other information related to leases, including supplemental disclosures of cash flow information, is as follows (in thousands):

	Year Ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	90,983
Operating cash flows from finance leases		23
Financing cash flows from finance leases		224
Right-of-use assets obtained in exchange for operating lease liabilities		28,957

Maturities of lease liabilities were as follows as of June 30, 2020 (in thousands):

	Operating Leases		Finance Leases		Total
Fiscal year:
2021	$	89,598	$	383	$	89,981
2022		78,074		236		78,310
2023		68,032		94		68,126
2024		58,480		10		58,490
2025		50,217		—		50,217
Thereafter		89,140		—		89,140
Total lease payments	$	433,541	$	723	$	434,264
Less: Interest		67,632		34		67,666
Total lease liabilities	$	365,909	$	689	$	366,598
Less: Current lease liabilities		71,097		363		71,460
Non-current lease liabilities	$	294,812	$	326	$	295,138