Leases

The Company determines if a contract is or contains a lease at inception. The Company leases certain office, manufacturing, and warehouse facilities under operating leases, in addition to land on which certain office and manufacturing facilities reside. These operating leases expire from fiscal year 2020 to 2057. The Company has a minimal number of finance leases with an immaterial impact on its Condensed Consolidated Financial Statements.

Operating lease costs for the three and nine months ended March 31, 2020 were $0.3 million and $0.9 million, respectively, including short-term and variable lease costs. Cash payments for operating leases included in the measurement of lease liabilities for the nine months ended March 31, 2020 were $0.6 million, which is included in Cash Flows from Operating Activities in the Condensed Consolidated Statement of Cash Flows.

The lease assets and liabilities, which exclude leases with terms of 12 months or less, as of March 31, 2020 were as follows:



(Amounts in Thousands)
Operating lease right-of-use assets (included in Other Assets)	$	2,041
Operating lease liability, current (included in Accrued expenses)	$	761
Operating lease liability, noncurrent (included in Other long-term liabilities)	$	1,280
Weighted average remaining lease term in years - operating leases	5.0
Weighted average discount rate - operating leases	3.4		%

Future lease payments as of March 31, 2020 are as follows:



(Amounts in Thousands)
2020 ⁽¹⁾	$	182
2021	740
2022	592
2023	95
2024	95
Thereafter	475
Total undiscounted lease payments	$	2,179
Less: imputed interest	138
Total lease liabilities	$	2,041

(1) Represents estimated lease payments for the remaining three-month period ending June 30, 2020.

As reported under the previous lease accounting standard, the aggregate future minimum rental payments on our operating leases, as of June 30, 2019, were, in millions, $0.8, $0.7, $0.6, $0.1, and $0.1 for the five years ending June 30, 2024, respectively, and $0.5 million thereafter.