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Leases | 3 Months Ended
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Sep. 28, 2024
Leases [Abstract] |
Leases | Leases Our leases primarily include our worldwide office and research and development facilities which are all classified as operating leases. Certain leases include renewal options at our discretion. The leases expire at various dates through fiscal 2034, some of which include options to extend the lease for up to seven years. For the three months ended September 2024 and September 2023, we recorded operating lease expense of approximately $3.2 million and $2.9 million, respectively. Our short-term leases are immaterial and we do not have finance leases. As of September 2024 and June 2024, the components of leases are as follows (in millions):
| September |  | June
| 2024 |  | 2024
Operating lease right-of-use assets | $ | 47.2 |  |  | $ | 46.8 |
Operating lease liabilities | $ | 11.1 |  |  | $ | 11.5 |
Operating lease liabilities, long-term | 38.6 |  | 37.9
Total operating lease liabilities | $ | 49.7 |  |  | $ | 49.4 |
Supplemental cash flow information related to leases, including from acquisitions, is as follows (in millions):
| Three Months Ended
| September
| 2024 |  | 2023
Cash paid for operating leases included in operating cash flows | $ | 4.2 |  |  | $ | 2.3 |
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets | $ | 3.5 |  |  | $ | 1.2 |
As of September 2024, the weighted average remaining lease term is 6.33 years, and the weighted average discount rate is 5.34%. Future minimum lease payments for the operating lease liabilities are as follows (in millions):
Fiscal Year |  | Operating Lease Payments
Remainder of 2025 |  | $ | 10.0 |
2026 |  | 11.4 |
2027 |  | 8.7 |
2028 |  | 7.1 |
2029 |  | 6.1 |
Thereafter |  | 15.0 |
Total future minimum operating lease payments |  | 58.3 |
Less: interest |  | (8.6) |
Total lease liabilities |  | $ | 49.7 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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