Leases (Tables)

3 Months Ended

Sep. 30, 2020

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

	Three Months Ended September 30, 2020		Three Months Ended September 30, 2019
Operating lease cost	$	15,039	$	24,068
Variable lease cost		3,956		6,553
Finance lease cost:
Amortization of right-of-use assets		73		71
Interest on lease liabilities		6		8
Total lease cost	$	19,074	$	30,700

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

	As of September 30, 2020
Weighted average remaining lease term (in years)
Operating leases		5.2
Finance leases		1.5
Weighted average discount rate
Operating leases		7.6	%
Finance leases		2.4	%

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

	Three Months Ended September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	16,732
Operating cash flows from finance leases		5
Financing cash flows from finance leases		69
Right-of-use assets obtained in exchange for operating lease liabilities		(115,285	)

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

	Operating Leases		Finance Leases		Total
Fiscal year:
2021 (remaining)	$	47,974	$	211	$	48,185
2022		63,364		125		63,489
2023		55,079		—		55,079
2024		43,190		—		43,190
2025		34,448		—		34,448
2026		21,292		—		21,292
Thereafter		25,653		—		25,653
Total lease payments	$	291,000	$	336	$	291,336
Less: Interest		51,405		14		51,419
Total lease liabilities	$	239,595	$	322	$	239,917
Less: Current lease liabilities		48,549		257		48,806
Non-current lease liabilities	$	191,046	$	65	$	191,111