LEASES (Tables)

6 Months Ended

Dec. 31, 2023

Schedule of Assets And Liabilities, Lessee

The following illustrates the Condensed Consolidated Balance Sheets information related to leases:


		As of December 31, 2023		As of June 30, 2023
Operating Leases	Balance Sheet Location
Operating lease right of use assets (1)	Operating lease right of use assets	$	245,118	$	285,723

Operating lease liabilities (current) (1)	Operating lease liabilities	$	86,868	$	91,425
Operating lease liabilities (noncurrent) (1)	Long-term operating lease liabilities	236,481		271,579
Total operating lease liabilities		$	323,349	$	363,004

Finance Leases
Finance lease receivables (current)	Prepaid expenses and other current assets	$	4,911	$	6,362
Finance lease receivables (noncurrent)	Other assets	3,676		5,515
Total finance lease receivables		$	8,587	$	11,877

Finance lease liabilities (current)	Accounts payable and accrued liabilities	$	4,413	$	5,281
Finance lease liabilities (noncurrent)	Accrued liabilities	3,672		5,500
Total finance lease liabilities		$	8,085	$	10,781

______________________

(1)Excludes Operating lease right of use assets of $0.7 million that have been reclassified to Assets held for sale, as well as $0.3 million of Operating lease liabilities and $0.4 million of Long-term operating lease liabilities that have been reclassified to Liabilities held for sale related to the proposed divestiture of our AMC business. See Note 19 “Acquisitions and Divestitures.”

Schedule of Lease Costs and Other Information

The weighted average remaining lease term and discount rate, inclusive of assets held, for sale for the periods indicated below were as follows:


	As of December 31, 2023		As of June 30, 2023
Weighted-average remaining lease term
Operating leases	5.33 years		5.62 years
Finance leases	2.07 years		2.40 years
Weighted-average discount rate
Operating leases	4.77	%	4.66	%
Finance leases	5.55	%	5.60	%

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


	Three Months Ended December 31,				Six Months Ended December 31,
	2023		2022		2023		2022
Operating lease cost	$	22,594	$	13,991	$	46,334	$	28,302
Short-term lease cost	737		170		1,892		557
Variable lease cost	1,321		621		2,456		1,200
Sublease income	(3,375)		(2,904)		(6,713)		(5,816)
Total lease cost	$	21,277	$	11,878	$	43,969	$	24,243

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:


	Six Months Ended December 31,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases	$	55,800	$	35,230
Finance leases	$	2,763	$	—
Right of use assets obtained in exchange for new lease liabilities:
Operating leases	$	9,219	$	25,061

Schedule of Maturity of Lease Liabilities

The following table presents the future minimum lease payments under our lease liabilities as of December 31, 2023:


Fiscal years ending June 30,	Operating Leases		Finance Leases
2024 (six months ended)	$	52,754	$	2,757
2025	85,793		3,373
2026	65,735		1,941
2027	53,788		459
2028	40,336		—
Thereafter	66,235		—
Total lease payments	$	364,641	$	8,530
Less: Imputed interest	(40,636)		(445)
Total	$	324,005	$	8,085