All of the Company’s leases are operating leases. The current portion of operating lease liabilities is included in other accrued expenses and current liabilities in our consolidated balance sheets. Lease balances in our consolidated balance sheet are as follows (in thousands):

	June 30,
	2020
Operating lease right-of-use assets	$	330,767

Operating lease liabilities, current		67,549
Operating lease liabilities, noncurrent		309,680
	$	377,229

The Company’s total lease cost is recorded primarily within indirect costs and selling expenses and had the following impact on the consolidated statement of operations (in thousands):

	June 30,
	2020
Operating lease cost	$	86,039
Short-term and variable lease cost		14,777
Sublease income		(1,201	)
Total lease cost	$	99,615

The Company’s future minimum lease payments under non-cancelable operating leases at June 30, 2020 are as follows (in thousands):

Year ending June 30:
2021	$	78,302
2022		68,239
2023		62,529
2024		55,302
2025		47,430
Thereafter		106,067
Total undiscounted lease payments		417,869
Less: imputed interest		(40,640	)
Total discounted lease liabilities	$	377,229

The weighted-average remaining lease term (in years) and weighted-average discount rate was 6.27 years and 3.14 percent, respectively.

Cash paid for operating leases was $87.1 million for the year ended June 30, 2020. During the year ended June 30, 2020 operating lease liabilities arising from obtaining new ROU assets was $50.5 million, which includes all noncash changes arising from new or remeasured operating lease arrangements.

During April 2020, the Company entered into a lease agreement that will impact its financial statements starting in Q2 FY2021. Annual lease cost is expected to be approximately $6.0 million over a lease term of 12 years.

The Company’s future minimum lease payments under non-cancelable operating leases at June 30, 2019 are as follows (in thousands):

Year ending June 30:
2020	$	81,027
2021		72,331
2022		63,655
2023		54,056
2024		43,691
Thereafter		132,792
Total minimum lease payments	$	447,552