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LEASES (Tables)
 12 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Assets And Liabilities, Lessee
The following illustrates the Consolidated Balance Sheets information related to leases:
As of June 30, 2024As of June 30, 2023
Operating LeasesBalance Sheet Location
Operating lease right of use assetsOperating lease right of use assets$219,774 $285,723 
Operating lease liabilities (current)Operating lease liabilities$76,446 $91,425 
Operating lease liabilities (noncurrent)Long-term operating lease liabilities218,174 271,579 
Total operating lease liabilities$294,620 $363,004 
Finance Leases
Finance lease receivables (current)Prepaid expenses and other current assets$4,031 $6,362 
Finance lease receivables (noncurrent)Other assets2,329 5,515 
Total finance lease receivables$6,360 $11,877 
Finance lease liabilities (current)Accounts payable and accrued liabilities$3,173 $5,281 
Finance lease liabilities (noncurrent)Accrued liabilities2,327 5,500 
Total finance lease liabilities$5,500 $10,781 
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 June 30, 2024As of June 30, 2023
Weighted-average remaining lease term
Operating leases5.13 years5.62 years
Finance leases1.85 years2.40 years
Weighted-average discount rate
Operating leases5.00 %4.66 %
Finance leases5.47 %5.60 %
The following illustrates the various components of lease costs for the period indicated:
Year Ended June 30,
202420232022
Operating lease cost$90,383 $72,977 $62,401 
Short-term lease cost2,920 4,195 687 
Variable lease cost5,084 3,488 2,694 
Sublease income(12,941)(12,518)(10,008)
Total lease cost$85,446 $68,142 $55,774 
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:
Year Ended June 30,
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases$109,708 $93,556 $70,611 
Finance leases$5,722 $2,473 $— 
Right of use assets obtained in exchange for new lease liabilities:
Operating leases (1) (2)
$30,869 $29,551 $39,155 
___________________________
(1)The year ended June 30, 2023 excludes the impact of $129.7 million of right of use assets obtained through the Micro Focus Acquisition. See Note 19 “Acquisitions and Divestitures” for further details including the finalization of the purchase price allocation for the Micro Focus Acquisition.
(2)The year ended June 30, 2022 excludes the impact of $8.1 million of right of use assets obtained through the acquisition of Zix Corporation. See Note 19 “Acquisitions and Divestitures” for further details including the finalization of the purchase price allocation.
Schedule of Maturity of Lease Liabilities
The following table presents the future minimum lease payments under our lease liabilities as of June 30, 2024:
Fiscal years ending June 30,Operating LeasesFinance Leases
2025$88,768 $3,367 
202671,209 1,939 
202758,163 459 
202844,680 — 
202925,025 — 
Thereafter43,439 — 
Total lease payments$331,284 $5,765 
Less: Imputed interest(36,664)(265)
Total$294,620 $5,500