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Leases (Notes) | 9 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Lessee, Operating Leases [Text Block] | Leases We enter into lease arrangements for real estate, construction equipment and information technology equipment in the normal course of business. Real estate leases accounted for approximately 96% of all right-of-use assets as of March 31, 2022. 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 one year to 14 years. Construction equipment leases generally have "month-to-month" lease terms that automatically renew as long as the equipment remains in use. The components of lease expense in the Condensed Consolidated Statements of Income are as follows:
|  |  |  | Three Months Ended |  | Nine Months Ended
|  |  |  | March 31, 2022 |  | March 31, 2021 |  | March 31, 2022 |  | March 31, 2021
Lease expense |  | Location of Expense |  | (in thousands)
Operating lease expense |  | Cost of revenue and Selling, general and administrative expenses |  | $ | 1,867 |  |  | $ | 1,743 |  |  | $ | 5,837 |  |  | $ | 6,542 |
Short-term lease expense(1) |  | Cost of revenue |  | 6,216 |  |  | 6,772 |  |  | 17,079 |  |  | 19,020 |
Total lease expense |  |  |  | $ | 8,083 |  |  | $ | 8,515 |  |  | $ | 22,916 |  |  | $ | 25,562 |
(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 our Condensed Consolidated Balance Sheets, were as follows:
|  | March 31, 2022
Maturity Analysis: |  | (in thousands)
Remainder of Fiscal 2022 |  | $ | 1,745 |
Fiscal 2023 |  | 5,211 |
Fiscal 2024 |  | 3,978 |
Fiscal 2025 |  | 3,483 |
Fiscal 2026 |  | 3,187 |
Thereafter |  | 11,843 |
Total future operating lease payments |  | 29,447 |
Imputed interest |  | (4,889) |
Net present value of future lease payments |  | 24,558 |
Less: current portion of operating lease liabilities |  | 4,928 |
Non-current operating lease liabilities |  | $ | 19,630 |
The following is a summary of the weighted average remaining operating lease term and weighted average discount rate as of March 31, 2022:
Weighted-average remaining lease term (in years) |  | 7.2 years
Weighted-average discount rate |  | 5.2 | %
Supplemental cash flow information related to leases is as follows:
|  | Nine Months Ended
|  | March 31, 2022
|  | (in thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating lease payments |  | $ | 6,197 |
Right-of-use assets obtained in exchange for lease liabilities: |  |
Operating leases |  | $ | 3,065 |

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- References No definition available. + Details
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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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