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LEASES (Tables)
 12 Months Ended
Jun. 30, 2022
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,
202220212020
Operating lease cost$62,401 $63,068 $68,705 
Short-term lease cost687 881 1,178 
Variable lease cost2,694 2,754 3,536 
Sublease income(10,008)(6,469)(6,035)
Total lease cost$55,774 $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, 2022As of June 30, 2021
Weighted-average remaining lease term6.13 years6.47 years
Weighted-average discount rate2.95 %2.82 %
The following table presents supplemental information relating to cash flows arising from lease transactions. Cash payments made for variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and, as such, are excluded from the amounts below:
Year Ended June 30,
202220212020
Cash paid for amounts included in the measurement of operating lease liabilities
$70,611 $72,871 $71,900 
Right of use assets obtained in exchange for new operating lease liabilities (1) (2) (3)
$39,155 $82,718 $32,328 
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(1)The year ended June 30, 2022 excludes the impact of $8.1 million of right of use (ROU) assets obtained through the acquisition of Zix Corporation. See Note 19 “Acquisitions” for further details including expected finalization of preliminary purchase price allocation.
(2)The year ended June 30, 2021 excludes the release of $22.6 million of lease liabilities relating to office space that was abandoned during the fourth quarter of Fiscal 2020 and has since been early terminated or assigned to a third party. These recoveries were recorded in “Special charges (recoveries)” in the Consolidated Statements of Income. Please see Note 18 “Special Charges (Recoveries).”
(3)The year ended June 30, 2020 excludes the impact of $60.1 million and $2.9 million of ROU assets acquired through the acquisitions of Carbonite and XMedius, respectively.
Maturity of Lease Liabilities
The following table presents the future minimum lease payments under our operating leases liabilities as of June 30, 2022:
Fiscal years ending June 30,
2023$62,833 
202451,779 
202542,433 
202629,674 
202727,181 
Thereafter64,279 
Total lease payments$278,179 
Less: Imputed interest(23,104)
Total$255,075 
Reported as:
Current operating lease liabilities$56,380 
Non-current operating lease liabilities198,695 
Total$255,075