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LEASES (Tables) | 12 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Lease Costs and Other Information | The following illustrates the various components of operating lease costs for the period indicated:
| Year Ended June 30, 2020
Operating lease cost | $ | 68,705 |
Short-term lease cost | 1,178 |
Variable lease cost | 3,536 |
Sublease income | (6,035 | )
Total lease cost | $ | 67,384 |
The following table summarizes the weighted average remaining lease term and discount rate as of June 30, 2020:
Weighted-average remaining lease term | 6.18 years |
Weighted-average discount rate | 3.12 | %
Supplemental Cash Flow Information The following table presents supplemental information relating to cash flows arising from lease transactions. Cash payment made for variable lease cost and short-term lease are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
| Year Ended June 30, 2020
Cash paid for amounts included in the measurement of operating lease liabilities: | $ | 71,900 |
Right of use assets obtained in exchange for new operating lease liabilities(1) : | $ | 32,328 |
(1) Excludes the impact of $60.1 million of ROU assets acquired as part of the acquisition of Carbonite and $2.9 million of ROU assets acquired as part of the acquisition of XMedius during the year ended June 30, 2020.
Maturity of Lease Liabilities | The following table presents the future minimum lease payments under our operating leases liabilities as of June 30, 2020:
Fiscal years ending June 30, |
2021 | $ | 71,577 |
2022 | 59,399 |
2023 | 45,778 |
2024 | 34,077 |
2025 | 25,121 |
Thereafter | 72,657 |
Total Lease payments | $ | 308,609 |
Less: Imputed interest | (27,373 | )
Total | $ | 281,236 |
Reported as: |
Current operating lease liabilities | 64,071 |
Non-current operating lease liabilities | 217,165 |
Total | $ | 281,236 |
Maturity of Non-cancellable Operating Leases | The following table presents the future minimum lease payments under our operating leases, based on the expected due dates of the various agreements as of June 30, 2019, as previously reported in our Annual Report on Form 10-K for the year ended June 30, 2019, prior to the adoption of Topic 842:
Fiscal years ending June 30, |
2020 | $ | 72,853 |
2021 | 59,451 |
2022 | 46,943 |
2023 | 33,871 |
2024 | 25,570 |
Thereafter | 80,163 |
Total minimum lease payments (1) | $ | 318,851 |
(1) Net of $30.7 million of sublease income to be received from properties which we have subleased to third parties.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
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