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LEASES | 6 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
LEASES | LEASES We have operating leases for facilities, vehicles and other equipment. Our facility leases are primarily used for administrative functions, research and development (“R&D”), 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 the payment of maintenance, real estate taxes, or insurance costs by us. Our leases have remaining lease terms ranging from less than one year to 16 years, including periods covered by options to extend the lease when it is reasonably certain that the option will be exercised. Lease expense was $9.1 million and $18.3 million for the three and six months ended December 31, 2021, respectively, and $10.0 million and $19.6 million for the three and six months ended December 31, 2020, respectively. Expense related to short-term leases, which are not recorded on the Condensed Consolidated Balance Sheets, was not material for three and six months ended December 31, 2021 and 2020. As of December 31, 2021 and June 30, 2021, the weighted-average remaining lease term was 4.3 years and 4.6 years, respectively, and the weighted-average discount rate for operating leases was 1.62% and 1.64%, respectively. Supplemental cash flow information related to leases was as follows:
| Six Months Ended December 31,
In thousands | 2021 |  | 2020
Operating cash outflows from operating leases | $ | 19,050 |  |  | $ | 19,253 |
Right of use assets obtained in exchange for new operating lease liabilities | $ | 11,389 |  |  | $ | 20,584 |
Maturities of lease liabilities as of December 31, 2021 were as follows:
Fiscal Year Ending June 30: | (In thousands)
2022 (remaining six months) | $ | 18,100 |
2023 | 27,797 |
2024 | 17,891 |
2025 | 12,716 |
2026 | 9,633 |
2027 and thereafter | 12,798 |
Total lease payments | 98,935 |
Less imputed interest | (3,915) |
Total | $ | 95,020 |
As of December 31, 2021, we did not have any material leases that had not yet commenced.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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