Acquisitions (Notes)

6 Months Ended

Dec. 28, 2019

Business Combination Disclosure [Text Block]

LEASES

The Company's lease obligations consist of operating leases for domestic and international office facilities, data centers, and equipment. These leases expire at various dates through fiscal year 2031. For the three and six months ended December 28, 2019, the Company recorded operating lease expense of $2.9 million and $5.9 million, respectively.

Leases are included in the following Condensed Consolidated Balance Sheet lines:



	December 28, 2019
	(in thousands)
Other assets	$	56,170

Accrued expenses	$	10,028
Other liabilities	$	50,784

Future minimum lease payments under non-cancelable operating leases as of December 28, 2019 are as follows:



	Operating Lease Obligations
Fiscal Year	(in thousands)
Remainder of 2020	$	5,969
2021	11,818
2022	10,847
2023	9,599
2024	8,202
Thereafter	21,904
Total	68,339
Less imputed interest	7,657
Total	$	60,682

Other information related to leases as of December 28, 2019 are as follows:



	Six Months Ended
	December 28, 2019
Supplemental cash flow information	(in thousands)
Operating cash flows used for operating leases	$	5,911
Weighted-average remaining lease term - operating leases, in years	7
Weighted-average discount rate - operating leases	3.45		%

Since most of our operating leases do not provide an implicit interest rate, the Company used a portfolio approach to determine a collateralized incremental borrowing rate based on the information available at the commencement date to determine the lease liability.