Acquisitions (Notes)

9 Months Ended

Mar. 28, 2020

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 nine months ended March 28, 2020, the Company recorded operating lease expense of $2.3 million and $7.0 million, respectively.

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



	March 28, 2020
	(in thousands)
Other assets	$	54,355

Accrued expenses	$	10,233
Other liabilities	$	48,101

Future minimum lease payments under non-cancelable operating leases as of March 28, 2020 are as follows:



	Operating Lease Obligations
Fiscal Year	(in thousands)
Remainder of 2020	$	3,190
2021	11,805
2022	10,693
2023	9,444
2024	8,231
Thereafter	21,935
Total	65,298
Less imputed interest	7,102
Total	$	58,196

Future minimum lease payments under non-cancelable operating leases as of March 30, 2019, based on the previous lease standard, are as follows:



	Operating Lease Obligations
Fiscal Year	(in thousands)
Remainder of 2019	$	2,664
2020	9,544
2021	9,003
2022	8,433
2023	7,262
Thereafter	20,484
Total	$	57,390

Other information related to leases as of March 28, 2020 are as follows:



	Nine Months Ended
	March 28, 2020
Supplemental cash flow information
Operating cash flows used for operating leases, in thousands	$	8,759
Weighted-average remaining lease term - operating leases, in years	7
Weighted-average discount rate - operating leases	3.43		%

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.