LEASES (Tables)

9 Months Ended

Mar. 31, 2024

Schedule of Assets And Liabilities, Lessee

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


Operating Leases	Balance Sheet Location	As of March 31, 2024		As of June 30, 2023
Operating lease right of use assets (1)	Operating lease right of use assets	$	229,327	$	285,723

Operating lease liabilities (current) (1)	Operating lease liabilities	$	80,960	$	91,425
Operating lease liabilities (non-current) (1)	Long-term operating lease liabilities	224,984		271,579
Total operating lease liabilities		$	305,944	$	363,004

Finance Leases
Finance lease receivables (current)	Prepaid expenses and other current assets	$	4,255	$	6,362
Finance lease receivables (non-current)	Other assets	2,934		5,515
Total finance lease receivables		$	7,189	$	11,877

Finance lease liabilities (current)	Accounts payable and accrued liabilities	$	3,785	$	5,281
Finance lease liabilities (non-current)	Accrued liabilities	2,932		5,500
Total finance lease liabilities		$	6,717	$	10,781

______________________

(1)Excludes Operating lease right of use assets of $3.4 million that have been reclassified to Assets held for sale, as well as $2.1 million of Operating lease liabilities and $1.4 million of Long-term operating lease liabilities that have been reclassified to Liabilities held for sale related to the AMC Divestiture. See Note 19 “Acquisitions and Divestitures” for more details.

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 March 31, 2024		As of June 30, 2023
Weighted-average remaining lease term
Operating leases	5.23 years		5.62 years
Finance leases	1.96 years		2.40 years
Weighted-average discount rate
Operating leases	4.86	%	4.66	%
Finance leases	5.51	%	5.60	%

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


	Three Months Ended March 31,				Nine Months Ended March 31,
	2024		2023		2024		2023
Operating lease cost	$	22,068	$	20,923	$	68,402	$	49,225
Short-term lease cost	675		1,696		2,567		2,253
Variable lease cost	1,342		1,204		3,798		2,404
Sublease income	(2,955)		(3,018)		(9,668)		(8,834)
Total lease cost	$	21,130	$	20,805	$	65,099	$	45,048

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,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating leases	$	82,449	$	62,282
Finance leases	$	4,427	$	989
Right of use assets obtained in exchange for new lease liabilities:
Operating leases (1)	$	19,360	$	28,579

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(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 and Divestitures” for further details including the finalization of the purchase price allocation for the Micro Focus Acquisition.

Schedule of Maturity of Lease Liabilities

The following table presents the future minimum lease payments under our lease liabilities as of March 31, 2024:


Fiscal years ending June 30,	Operating Leases		Finance Leases
2024 (three months ended)	$	26,578	$	1,295
2025	88,505		3,369
2026	67,585		1,940
2027	55,966		459
2028	42,277		—
Thereafter	66,900		—
Total lease payments	$	347,811	$	7,063
Less: Imputed interest	(38,408)		(346)
Total	$	309,403	$	6,717