Leases (Tables)

12 Months Ended

Jun. 30, 2021

The following table represents the lease expenses for the years ended June 30, 2021 and 2020:


	Year Ended
	June 30, 2021		June 30, 2020
Operating lease expense (1)	$	36,803	$	43,058
Finance lease expense:
Amortization of finance lease assets	5,557		5,766
Interest on lease liabilities	211		698
Variable lease expense	7,846		10,775
Less: sublease income	(2,309)		(3,545)
Net operating and finance lease cost	$	48,108	$	56,752

__________________

(1) The decrease in operating lease expense for the fiscal year ended June 30, 2021 is driven primarily by the Waltham lease modification described below.

Schedule of Capital Leased Assets

The following table presents the classification of right-of-use assets and lease liabilities as of June 30, 2021 and 2020:


Leases	Consolidated Balance Sheet Classification	June 30, 2021		June 30, 2020

Assets:
Operating right-of-use assets	Operating lease assets, net (1)	$	87,626	$	156,258
Finance right-of-use assets	Property, plant, and equipment, net (2)	35,384		20,842
Total lease assets		$	123,010	$	177,100
Liabilities:
Current:
Operating lease liabilities	Operating lease liabilities, current (1)	$	26,551	$	41,772
Finance lease liabilities	Other current liabilities (2)	32,314		8,055
Non-current:
Operating lease liabilities	Operating lease liabilities, non-current	66,222		128,963
Finance lease liabilities	Other liabilities	18,528		18,617
Total lease liabilities		$	143,615	$	197,407

__________________

(1) The decrease in operating lease assets and liabilities is due primarily to the Waltham lease modifications described below.

(2) The increase in finance lease assets and liabilities is due primarily to the lease modification described below within the "Other Lease Modification" section.

Schedule of Cash Flow, Supplemental Disclosures


	Year Ended
Supplemental Cash Flow Information	June 30, 2021		June 30, 2020
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases (1)	$	47,327	$	40,777
Operating cash flows from finance leases	211		698
Financing cash flows from finance leases	8,001		9,511

__________________

(1) The operating lease cash flows included $8,761 of termination fees for the Waltham lease modification as described below.

Lease Term and Discount Rate Disclosure

Other information about leases is as follows:


Lease Term and Discount Rate	June 30, 2021		June 30, 2020
Weighted-average remaining lease term (years):
Operating leases	4.28		6.18
Finance leases (1)	10.71		4.61
Weighted-average discount rate:
Operating leases	3.17	%	2.83	%
Finance leases	3.93	%	2.62	%

__________________

(1) The increase to finance leases' weighted-average lease term is largely due to the reclassification of an operating lease to a finance lease upon giving notice to a landlord to exercise our purchase option under an existing lease. Refer to the "Other Lease Modification" section below for more details.

Schedule of Future Minimum Lease Payments for Capital Leases

Future minimum lease payments under non-cancelable leases as of June 30, 2021 were as follows:


Payments Due by Period	Operating lease obligations		Finance lease obligations		Total lease obligations
Less than 1 year	$	29,527	$	32,873	$	62,400
2 years	25,125		6,738		31,863
3 years	20,377		5,511		25,888
4 years	12,397		4,326		16,723
5 years	7,270		2,181		9,451
Thereafter	6,899		1,293		8,192
Total	101,595		52,922		154,517
Less: present value discount	(8,822)		(2,080)		(10,902)
Lease liability	$	92,773	$	50,842	$	143,615