XML 47 R31.htm IDEA: XBRL DOCUMENT v3.19.3
Leases (Tables)
3 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Summary of Activity and Other Information Relating to Operating Leases

Activity and other information relating to operating leases is as follows (in thousands except for lease term and discount rate):

 

 

 

Three Months Ended  September 30, 2019

 

Operating lease costs

$

5,143

 

Cash paid for amounts included in the measurement of operating liabilities

 

5,507

 

ROU assets obtained for new lease obligations

 

64

 

ROU assets obtained from Aerohive business combination

 

6,336

 

Weighted average remaining lease term (in years)

 

4.8

 

Weighted Average Discount Rate

 

4.5

%

Schedule of Maturities of Operating Lease Liabilities

The maturities of the Company’s operating lease liabilities as of September 30, 2019 by fiscal year are as follows:

 

 

 

Operating Leases (in thousands)

 

2020 (remaining nine months)

 

$

15,749

 

2021

 

 

19,941

 

2022

 

 

19,142

 

2023

 

 

15,516

 

2024

 

 

6,128

 

Thereafter

 

 

12,182

 

Total future minimum lease payments

 

 

88,658

 

Less amount representing interest

 

 

9,352

 

Total operating lease liabilities

 

$

79,306

 

Operating lease liabilities, current

 

$

17,767

 

Operating lease liabilities, non-current

 

$

61,539

 

Schedule of Minimum Future Rentals on Non-Cancellable Operating Leases

As of June 30, 2019, the minimum future rentals on non-cancellable operating leases by fiscal year, based on the previous accounting standard, were as follows:

 

 

 

Operating Leases (in thousands)

 

2020

 

$

22,733

 

2021

 

 

21,174

 

2022

 

 

20,680

 

2023

 

 

17,828

 

2024

 

 

5,976

 

Thereafter

 

 

16,287

 

Total lease payments

 

$

104,678