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Leases (Tables)
9 Months Ended
Mar. 31, 2020
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

 

Nine Months Ended

 

 

 

March 31,

2020

 

March 31,

2020

 

Operating lease costs

$

4,871

 

$

14,874

 

Variable lease costs

 

 

1,613

 

 

4,548

 

Cash paid for amounts included in the measurement of operating liabilities

 

5,328

 

 

16,159

 

ROU assets obtained for new lease obligations

 

1,103

 

 

2,525

 

ROU assets obtained from Aerohive business combination

 

 

 

6,336

 

 

 

March 31,

2020

 

Weighted average remaining lease term (in years)

 

4.5

 

Weighted Average Discount Rate

 

4.5

%

 

Schedule of Maturities of Operating Lease Liabilities

The maturities of the Company’s operating lease liabilities as of March 31, 2020 by fiscal year are as follows:

 

 

 

Operating Leases (in thousands)

 

2020 (remaining three months)

 

$

5,356

 

2021

 

 

20,509

 

2022

 

 

19,351

 

2023

 

 

15,666

 

2024

 

 

6,333

 

Thereafter

 

 

12,396

 

Total future minimum lease payments

 

 

79,611

 

Less amount representing interest

 

 

7,559

 

Total operating lease liabilities

 

$

72,052

 

Operating lease liabilities, current

 

$

18,197

 

Operating lease liabilities, non-current

 

$

53,855

 

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