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LEASES | 9 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
LEASES | LEASES The Company enters into agreements under which it leases various real estate spaces in North America, Europe and Asia Pacific, under non-cancellable leases that expire on various dates through fiscal 2029. Some of the Company’s leases include options to extend the term of such leases for a period from 12 months to 60 months, and/or have options to early terminate the lease. As of March 31, 2021, the Company included such options in determining the lease terms for certain of the Company’s leases because the Company was reasonably certain that it would exercise the extension options. Most of the Company’s leases require it to pay certain operating expenses in addition to base rent, such as taxes, insurance and maintenance costs. The following table summarizes the Company’s lease costs for the three and nine months ended March 31, 2021 and 2020 (in thousands):
|  | Financial Statement Classification |  | Three Months Ended March 31, |  | Nine Months Ended March 31,
|  |  |  | 2021 |  | 2020 |  | 2021 |  | 2020
Operating lease costs: |  |  |  |  |  |  |  |  |  |
Fixed lease costs |  | Operating expenses |  | $ | 1,994 |  |  | $ | 1,568 |  |  | $ | 5,652 |  |  | $ | 4,415 |
Fixed lease costs |  | Cost of revenues |  | 507 |  |  | 515 |  |  | 1,525 |  |  | 1,553 |
Variable lease costs |  | Operating expenses |  | 244 |  |  | 81 |  |  | 639 |  |  | 256 |
Variable lease costs |  | Cost of revenues |  | 113 |  |  | 107 |  |  | 327 |  |  | 309 |
Total lease costs |  |  |  | $ | 2,858 |  |  | $ | 2,271 |  |  | $ | 8,143 |  |  | $ | 6,533 |
The operating lease costs in the table above include costs for long-term and short-term leases. Total short-term costs for the three and nine months ended March 31, 2021 and 2020 were immaterial. Variable lease costs primarily include maintenance, utilities and operating expenses that are incremental to the fixed base rent payments and are excluded from the calculation of operating lease liabilities and ROU assets. For the three and nine months ended March 31, 2021, cash paid for amounts associated with the Company’s operating lease liabilities were approximately $2.8 million and $8.2 million, respectively. For the three and nine months ended March 31, 2020, cash paid for amounts associated with the Company’s operating lease liabilities were approximately $2.3 million and $6.6 million, respectively. Cash paid for amounts associated with the Company’s operating lease liabilities were classified as operating activities in the consolidated statement of cash flows. The following table shows the Company’s undiscounted future fixed payment obligations under the Company’s recognized operating leases and a reconciliation to the operating lease liabilities as of March 31, 2021:
Remainder of Fiscal 2021 |  | $ | 2,466 |
Fiscal 2022 |  | 9,343 |
Fiscal 2023 |  | 8,258 |
Fiscal 2024 |  | 7,820 |
Fiscal 2025 |  | 7,265 |
Thereafter |  | 8,020 |
Total future fixed operating lease payments |  | $ | 43,172 |
Less: Imputed interest |  | $ | 3,099 |
Total operating lease liabilities |  | $ | 40,073 |
Weighted-average remaining lease term - operating leases |  | 5 years
Weighted-average discount rate - operating leases |  | 2.8 | %

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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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