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Leases | 12 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Leases | Leases 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,
| 2024 |  | 2023
Operating lease right-of-use assets | $ | 305,637 |  |  | $ | 312,989 |
Operating lease liabilities, current | 51,223 |  |  | 46,260 |
Operating lease liabilities, noncurrent | 325,046 |  |  | 329,432 |
| $ | 376,269 |  |  | $ | 375,692 |
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):
| Year Ended June 30,
| 2024 |  | 2023 |  | 2022
Operating lease cost | $ | 82,441 |  |  | $ | 80,057 |  |  | $ | 80,748 |
Short-term and variable lease cost | 17,390 |  |  | 16,287 |  |  | 15,567 |
Sublease income | (366) |  |  | (344) |  |  | (404) |
Total lease cost | $ | 99,465 |  |  | $ | 96,000 |  |  | $ | 95,911 |
The Company’s future minimum lease payments under non-cancelable operating leases as of June 30, 2024 are as follows (in thousands):
Fiscal Year Ending June 30: |
2025 | $ | 64,565 |
2026 | 82,663 |
2027 | 73,338 |
2028 | 57,016 |
2029 | 44,930 |
Thereafter | 107,251 |
Total undiscounted lease payments | 429,763 |
Less: imputed interest | (53,494) |
Total discounted lease liabilities | $ | 376,269 |
The weighted-average remaining lease terms as of June 30, 2024 and 2023 were 6.22 years and 6.44 years and the weighted-average discount rates were 3.91% and 3.42%, respectively. Cash paid for operating leases was $88.0 million, $86.1 million, and $85.2 million in fiscal 2024, 2023, and 2022, respectively. Operating lease liabilities arising from obtaining new ROU assets was $61.3 million, $64.5 million and $30.9 million in fiscal 2024, 2023, and 2022, respectively, which includes all noncash changes arising from new or remeasured operating lease arrangements.

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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