LEASES (Tables)

9 Months Ended

Mar. 31, 2021

The following illustrates the various components of operating lease costs for the period indicated:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease cost	$	16,065	$	19,157	$	47,327	$	51,259
Short-term lease cost	222		455		724		743
Variable lease cost	852		1,140		2,152		2,647
Sublease income	(1,569)		(1,481)		(4,762)		(4,618)
Total lease cost	$	15,570	$	19,271	$	45,441	$	50,031

The weighted average remaining lease term and discount rate for the periods indicated below were as follows:


	As of March 31, 2021		As of June 30, 2020
Weighted-average remaining lease term	6.45 years		6.18 years
Weighted-average discount rate	2.81	%	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:


	Nine Months Ended March 31,
	2021		2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	56,645	$	53,996
Right of use assets obtained in exchange for new operating lease liabilities (1) (2)	$	59,762	$	15,964

(1) Excludes the impact of $60.1 million and $2.9 million of ROU assets acquired through the acquisitions of Carbonite, Inc. (Carbonite) and XMedius, respectively, during the nine months ended March 31, 2020.

(2) Excludes the release of $22.3 million of lease liabilities during the nine months ended March 31, 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 Condensed 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 March 31, 2021:


Fiscal years ending June 30,
2021 (three months ended)	$	15,796
2022	62,238
2023	52,597
2024	42,075
2025	31,916
Thereafter	94,010
Total Lease payments	$	298,632
Less: Imputed interest	(24,905)
Total	$	273,727
Reported as:
Current operating lease liabilities	$	56,143
Non-current operating lease liabilities	217,584
Total	$	273,727