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Leases (Tables)
12 Months Ended
Jun. 30, 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):

 

 

 

Year Ended

 

 

 

June 30,

2020

 

Operating lease costs

$

19,600

 

Variable lease costs

 

 

6,176

 

Cash paid for amounts included in the measurement of operating liabilities

 

21,064

 

ROU assets obtained for new lease obligations

 

3,779

 

ROU assets obtained from Aerohive business combination

 

6,336

 

 

 

June 30,

2020

 

Weighted average remaining lease term (in years)

 

4.3

 

Weighted Average Discount Rate

 

 

4.5

%

 

Schedule of Maturities of Operating Lease Liabilities

The maturities of the Company’s operating lease liabilities as of June 30, 2020 by fiscal year are as follows:

 

 

Operating Leases (in thousands)

 

2021

 

$

21,725

 

2022

 

 

19,765

 

2023

 

 

15,869

 

2024

 

 

6,427

 

2025

 

 

4,406

 

Thereafter

 

 

8,156

 

Total future minimum lease payments

 

 

76,348

 

Less amount representing interest

 

 

(6,914

)

Total operating lease liabilities

 

$

69,434

 

Operating lease liabilities, current

 

$

19,196

 

Operating lease liabilities, non-current

 

$

50,238

 

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