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Leases (Notes) | 9 Months Ended
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Mar. 31, 2020
Leases [Abstract] |
Lessee, Operating Leases [Text Block] | Leases The Company enters into lease arrangements for real estate, construction equipment and information technology equipment in the normal course of business. Real estate leases accounted for approximately 86% of all right-of-use assets as of March 31, 2020. Most real estate and information technology equipment leases generally have fixed payments that follow an agreed upon payment schedule and have remaining lease terms ranging from less than a year to 16 years. Construction equipment leases generally have "month-to-month" lease terms that automatically renew as long as the equipment remains in use. The Company incurred $2.2 million of impairments to right-of-use assets related to leased office space that was closed in connection with a restructuring plan, see Note 10 – Restructuring Costs for additional information. The components of lease expense in the Condensed Consolidated Statements of Income are as follows:
|  |  |  | Three Months Ended |  | Nine Months Ended
|  |  |  | March 31, 2020 |  | March 31, 2020
Lease expense |  | Location of Expense in Statements of Income |  | (in thousands)
Operating lease expense |  | Cost of revenues and selling, general and administrative expenses |  | $ | 3,229 |  |  | $ | 9,601 |
Short-term lease expense(1) |  | Cost of revenues |  | 9,808 |  |  | 30,423 |
Total lease expense |  |  |  | $ | 13,037 |  |  | $ | 40,024 |
(1) | Primarily represents the lease expense of construction equipment that is subject to month-to-month rental agreements with expected rental durations of less than one year.
The future undiscounted lease payments, as reconciled to the discounted operating lease liabilities presented in the Company's Condensed Consolidated Balance Sheets, were as follows:
|  | March 31, 2020
Maturity Analysis: |  | (in thousands)
Remainder of Fiscal 2020 |  | $ | 2,892 |
Fiscal 2021 |  | 8,767 |
Fiscal 2022 |  | 6,209 |
Fiscal 2023 |  | 4,572 |
Fiscal 2024 |  | 2,992 |
Thereafter |  | 11,922 |
Total future operating lease payments |  | 37,354 |
Less: imputed interest |  | (6,055 | )
Net present value of future lease payments |  | 31,299 |
Less: current portion of operating lease liabilities |  | 8,639 |
Non-current operating lease liabilities |  | $ | 22,660 |
The following is a summary of the weighted average remaining operating lease term and weighted average discount rate as of March 31, 2020:
Weighted-average remaining lease term (in years) |  | 6.1 years |
Weighted-average discount rate |  | 5.6 | %
Supplemental cash flow information related to leases is as follows:
|  | Nine Months Ended
|  | March 31, 2020
|  | (in thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases |  | $ | 9,773 |
Right-of-use assets obtained in exchange for lease liabilities: |  |
Operating leases |  | $ | 36,564 |
During the third quarter, the Company received leasehold improvements of $2.4 million from a lessor as a tenant incentive. This incentive is considered to be a non-cash investing activity.

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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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