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Leases | 6 Months Ended
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Dec. 31, 2019
Leases |
Leases | 7. Leases Our lease portfolio consists of real estate, vehicles and equipment ROU assets, classified as operating leases. As of December 31, 2019, the remaining non-cancelable lease terms, inclusive of renewal options reasonably certain of exercise, range from one to 16 years. The following table summarizes the ROU assets and the related lease liabilities recorded on the consolidated balance sheet:
|  | December 31, |  |
As of |  | 2019 |  | Balance Sheet Classification
Assets: |  |  |  |  |
Operating lease ROU assets |  | $ | 23,115 |  | Other Assets
Liabilities: |  |  |  |  |
Current portion |  |  | 6,672 |  | Accrued expenses and other current liabilities
Non-current portion |  |  | 17,453 |  | Other liabilities
Total operating lease liabilities |  | $ | 24,125 |  |
The following table summarizes the composition of net lease cost:
|  | Three months |  | Six months
For the Periods Ended December 31 |  | 2019 |  | 2019
Operating lease expense |  | $ | 1,911 |  | $ | 3,762
Variable lease expense |  |  | 307 |  |  | 631
Short-term lease expense |  |  | 214 |  |  | 417
Total lease cost |  | $ | 2,432 |  | $ | 4,810
The following tables include other supplemental information:
|  | Three months |  | Six months
For the Periods Ended December 31 |  | 2019 |  | 2019
Operating cash flows used for ROU operating leases |  | $ | 1,968 |  | $ | 3,645
Right of use assets obtained in exchange for new operating lease liabilities |  | $ | 3,972 |  | $ | 7,762
|  | As of |
|  | December 31, 2019 |
Weighted average remaining lease term (in years) - ROU operating leases |  | 6.4 |
Weighted average discount rate - ROU operating leases |  | 4.17 | %
At December 31, 2019, maturities of future lease liabilities were:
For the Years Ending June 30 |  |  |
2020 |  | $ | 3,853
2021 |  |  | 6,627
2022 |  |  | 5,012
2023 |  |  | 2,765
2024 |  |  | 2,283
2025 and thereafter |  |  | 7,273
Total lease payments |  |  | 27,813
Less: interest |  |  | 3,688
Total operating lease liabilities |  | $ | 24,125
There were no significant future payment obligations related to executed lease agreements for which the related lease had not yet commenced as of December 31, 2019. Our lease agreements do not contain any material restrictive covenants or residual value guarantee provisions. Future minimum lease payments for operating leases accounted for under ASC 840, "Leases," with remaining non-cancelable terms in excess of one year at June 30, 2019 were:
For the Years Ending June 30 |  |  |
2020 |  | $ | 5,815
2021 |  |  | 4,160
2022 |  |  | 3,191
2023 |  |  | 1,445
2024 |  |  | 865
Thereafter |  |  | 765
Total minimum lease payments |  | $ | 16,241

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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