Leases Leases (Tables)

3 Months Ended

Sep. 30, 2019

The components of lease expense in the Condensed Consolidated Statements of Income are as follows:



		Three Months Ended
		September 30, 2019
Lease expense	Location of Expense in Statements of Income	(in thousands)
Operating lease expense	Cost of revenues and selling, general and administrative expenses	$	3,117
Short-term lease expense⁽¹⁾	Cost of revenues	9,608
Total lease expense		$	12,725

(1)

Represents the lease expense of equipment that is subject to month-to-month rental agreements with expected rental durations of less than one year.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The future undiscounted lease payments, as reconciled to the discounted operating lease liabilities indicated on the Company's Condensed Consolidated Balance Sheets, were as follows:



	September 30, 2019
Maturity Analysis⁽¹⁾:	(in thousands)
Remainder of Fiscal 2020	$	7,446
Fiscal 2021	6,483
Fiscal 2022	4,828
Fiscal 2023	3,141
Fiscal 2024	1,519
Thereafter	5,024
Total future operating lease payments	28,441
Less: imputed interest	(3,783		)
Net present value of future lease payments	24,658
Less: current portion of operating lease liabilities	8,660
Non-current operating lease liabilities	$	15,998

(1)

This analysis does not include a lease that has been executed, but is not expected to commence until December 2019. This lease has a 10 year term and future minimum lease payments of $11.9 million.

Other Information Related to Leases [Table Text Block]

The following is a summary of the weighted average remaining operating lease term and weighted average discount rate as of September 30, 2019:



Weighted-average remaining lease term (in years)	5.1
Weighted-average discount rate	5.6	%

Supplemental cash flow information related to leases is as follows:



	Three Months Ended
	September 30, 2019
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,134
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	26,399