Leases (Tables)

9 Months Ended

Mar. 31, 2020

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.

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

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

Other Information Related to Leases [Table Text Block]

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