Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.19.3
Leases
3 Months Ended
Sep. 30, 2019
Leases [Abstract]
LEASES
NOTE 9– LEASES
We have operating leases for facilities, vehicles, and other equipment. Our facility leases are primarily used for administrative functions, research and development, manufacturing, and storage and distribution. Our finance leases are not material.
Our existing leases do not contain significant restrictive provisions or residual value guarantees; however, certain leases contain provisions for payment of maintenance, real estate taxes, or insurance costs by us. Our leases have remaining lease terms ranging from less than one year to eleven years , including periods covered by options to extend the lease when it is reasonably certain that the option will be exercised.
Total lease expense for the three months ended September 30, 2019 was $8.7 million and included $0.2 million of costs related to short term leases which are not recorded on the Condensed Consolidated Balance Sheets. At September 30, 2019 , the weighted average remaining lease term and weighted average discount rate for operating leases was 5.2 years and 1.7% , respectively.
Supplemental cash flow information related to leases was as follows:
Three months ended September 30, 2019
Amount
(In thousands)
Operating cash outflows from operating leases
8,374

ROU assets obtained in exchange for new operating lease liabilities
2,805


Maturities of lease liabilities as of September 30, 2019 were as follows:
Fiscal year ending June 30,
Amount
(In thousands)
2020 (remaining 9 months)
23,347

2021
24,802

2022
18,374

2023
12827年

2024
8,760

2025 and thereafter
20,856

Total lease payments
108,966

Less imputed interest
(4,559
)
Total
104,407


As of September 30, 2019 , we did not have material leases that had not yet commenced.
As of 2019年6月30日 , future minimum lease payments as defined under the previous lease accounting guidance of ASC 840 under noncancelable operating leases were as follows:
Fiscal year ending June 30,
Amount
(In thousands)
2020
$
30,296

2021
22,250

2022
16,217

2023
11,878

2024
7,912

2025 and thereafter
15,018

总最低租赁付款
$
103,571


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