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LEASES (Tables) | 9 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Schedule of Assets And Liabilities, Lessee | The following illustrates the Condensed Consolidated Balance Sheets information related to leases:
|  | As of March 31, 2023 |  | As of June 30, 2022
Operating Leases | Balance Sheet Location |  |  |
Operating lease right of use assets | Operating lease right of use assets | $ | 297,640 |  |  | $ | 198,132 |
Operating lease liabilities (current) | Operating lease liabilities | $ | 94,015 |  |  | $ | 56,380 |
Operating lease liabilities (noncurrent) | Long-term operating lease liabilities | 286,025 |  |  | 198,695 |
Total operating lease liabilities |  | $ | 380,040 |  |  | $ | 255,075 |
Finance Leases |  |  |  |
Finance lease receivables (current) | Prepaid expenses and other current assets | $ | 4,589 |  |  | $ | — |
Finance lease receivables (noncurrent) | Other assets | 6,705 |  |  | — |
Total finance lease receivables |  | $ | 11,294 |  |  | $ | — |
Finance lease liabilities (current) | Accounts payable and accrued liabilities | $ | 5,362 |  |  | $ | — |
Finance lease liabilities (noncurrent) | Accrued liabilities | 6,739 |  |  | — |
Total finance lease liabilities |  | $ | 12,101 |  |  | $ | — |
Schedule of Lease Costs and Other Information | The weighted average remaining lease term and discount rate for the periods indicated below were as follows:
| As of March 31, 2023 |  | As of June 30, 2022
Weighted-average remaining lease term |  |  |
Operating leases | 5.78 years |  | 6.13 years
Finance leases | 2.59 years |  | 0 years
Weighted-average discount rate |  |  |
Operating leases | 4.42 | % |  | 2.95 | %
Finance leases | 5.62 | % |  | —
The following illustrates the various components of lease costs for the period indicated:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost | $ | 20,923 |  |  | $ | 16,158 |  |  | $ | 49,225 |  |  | $ | 47,121 |
Short-term lease cost | 1,696 |  |  | 223 |  |  | 2,253 |  |  | 532 |
Variable lease cost | 1,204 |  |  | 891 |  |  | 2,404 |  |  | 2,056 |
Sublease income | (3,018) |  |  | (3,087) |  |  | (8,834) |  |  | (6,945) |
Total lease cost | $ | 20,805 |  |  | $ | 14,185 |  |  | $ | 45,048 |  |  | $ | 42,764 |
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 lease liabilities, and, as such, are excluded from the amounts below:
| Nine Months Ended March 31,
| 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating leases | $ | 62,282 |  |  | $ | 53,200 |
Finance leases | $ | 989 |  |  | $ | — |
Right of use assets obtained in exchange for new lease liabilities: |  |  |
Operating leases (1) (2) | $ | 28,579 |  |  | $ | 24,880 |
______________________ (1)The nine months ended March 31, 2023 excludes the impact of $129.3 million of right of use assets obtained through the Micro Focus Acquisition. See Note 19 “Acquisitions” for further details including the finalization of the purchase price allocation for the Micro Focus Acquisition. (2)The nine months ended March 31, 2022 excludes the impact of $8.1 million of right of use assets obtained through the acquisition of Zix Corporation. See Note 19 “Acquisitions” for further details including the finalization of the purchase price allocation for the acquisition of Zix Corporation.
Schedule of Maturity of Lease Liabilities | The following table presents the future minimum lease payments under our leases liabilities as of March 31, 2023:
Fiscal years ending June 30, | Operating Leases |  | Finance Leases
2023 (three months ended) | $ | 28,363 |  |  | $ | 1,475 |
2024 | 104,554 |  |  | 5,720 |
2025 | 80,842 |  |  | 3,366 |
2026 | 57,657 |  |  | 1,938 |
2027 | 49,011 |  |  | 459 |
Thereafter | 107,344 |  |  | — |
Total lease payments | $ | 427,771 |  |  | $ | 12,958 |
Less: Imputed interest | (47,731) |  |  | (857) |
Total | $ | 380,040 |  |  | $ | 12,101 |

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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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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