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LEASES (Tables)
 9 Months Ended
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, 2023As of June 30, 2022
Operating LeasesBalance Sheet Location
Operating lease right of use assetsOperating 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 liabilities286,025 198,695 
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 assets6,705 — 
Total finance lease receivables$11,294 $— 
Finance lease liabilities (current)Accounts payable and accrued liabilities$5,362 $— 
Finance lease liabilities (noncurrent)Accrued liabilities6,739 — 
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, 2023As of June 30, 2022
Weighted-average remaining lease term
Operating leases5.78 years6.13 years
Finance leases2.59 years0 years
Weighted-average discount rate
Operating leases4.42 %2.95 %
Finance leases5.62 %—
The following illustrates the various components of lease costs for the period indicated:
Three Months Ended March 31,Nine Months Ended March 31,
2023202220232022
Operating lease cost$20,923 $16,158 $49,225 $47,121 
Short-term lease cost1,696 223 2,253 532 
Variable lease cost1,204 891 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,
20232022
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 LeasesFinance 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 
Thereafter107,344 — 
Total lease payments$427,771 $12,958 
Less: Imputed interest(47,731)(857)
Total$380,040 $12,101