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Leases (Tables)
6 Months Ended
Dec. 31, 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  December 31, 2019

 

Six Months Ended  December 31, 2019

 

Operating lease costs

$

5,002

 

$

10,003

 

Cash paid for amounts included in the measurement of operating liabilities

 

5,346

 

 

10,831

 

ROU assets obtained for new lease obligations

 

1,357

 

 

1,422

 

ROU assets obtained from Aerohive business combination

 

-

 

 

6,336

 

 

 

December 31, 2019

 

Weighted average remaining lease term (in years)

 

4.7

 

Weighted Average Discount Rate

 

4.5

%

 

Schedule of Maturities of Operating Lease Liabilities

The maturities of the Company’s operating lease liabilities as of December 31, 2019 by fiscal year are as follows:

 

 

 

Operating Leases (in thousands)

 

2020 (remaining six months)

 

$

10,534

 

2021

 

 

20,298

 

2022

 

 

19,486

 

2023

 

 

15,767

 

2024

 

 

6,370

 

Thereafter

 

 

12,505

 

Total future minimum lease payments

 

 

84,960

 

Less amount representing interest

 

 

8,441

 

Total operating lease liabilities

 

$

76,519

 

Operating lease liabilities, current

 

$

17,921

 

Operating lease liabilities, non-current

 

$

58,598

 

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