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LEASES (Tables) | 12 Months Ended
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Jun. 30, 2021
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,
| 2021 |  | 2020
Operating lease cost | $ | 63,068 |  |  | $ | 68,705 |
Short-term lease cost | 881 |  |  | 1,178 |
Variable lease cost | 2,754 |  |  | 3,536 |
Sublease income | (6,469) |  |  | (6,035) |
Total lease cost | $ | 60,234 |  |  | $ | 67,384 |
The weighted average remaining lease term and discount rate for the periods indicated below were as follows:
| As of June 30, 2021 |  | As of June 30, 2020
Weighted-average remaining lease term | 6.47 years |  | 6.18 years
Weighted-average discount rate | 2.82 | % |  | 3.12 | %
The following table presents supplemental information relating to cash flows arising from lease transactions. Cash payments 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,
| 2021 |  | 2020
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 72,871 |  |  | $ | 71,900 |
Right of use assets obtained in exchange for new operating lease liabilities (1) (2) | $ | 82,718 |  |  | $ | 32,328 |
(1) Excludes the impact of $60.1 million and $2.9 million of ROU assets acquired through the acquisitions of Carbonite and XMedius, respectively, during the year ended June 30, 2020. (2) Excludes the release of $22.6 million of lease liabilities during the year ended June 30, 2021 relating to office space that was abandoned during the fourth quarter of Fiscal 2020 that has since been early terminated or assigned to a third party. These recoveries have been recorded in "Special charges (recoveries)" in the Consolidated Statements of Income. Please see note 18 "Special Charges (Recoveries)".
Maturity of Lease Liabilities | The following table presents the future minimum lease payments under our operating leases liabilities as of June 30, 2021:
Fiscal years ending June 30, |
2022 | $ | 65,260 |
2023 | 57,055 |
2024 | 46,455 |
2025 | 36,987 |
2026 | 25,046 |
Thereafter | 77,546 |
Total Lease payments | $ | 308,349 |
Less: Imputed interest | (25,581) |
Total | $ | 282,768 |
Reported as: |
Current operating lease liabilities | $ | 58,315 |
Non-current operating lease liabilities | 224,453 |
Total | $ | 282,768 |

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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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