XML 34 R22.htm IDEA: XBRL DOCUMENT v3.20.4
Leases (Tables)
6 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease expense in the condensed consolidated statements of income are as follows:
Three Months EndedSix Months Ended
December 31, 2020December 31, 2019December 31, 2020December 31, 2019
Lease expenseLocation of Expense(in thousands)
Operating lease expenseCost of revenue and selling, general and administrative expenses$2,310 $3,256 $4,798 $6,372 
Short-term lease expense(1)
Cost of revenue6,274 11,007 12,248 20,615 
Total lease expense$8,584 $14,263 $17,046 $26,987 
(1)Primarily represents the lease expense of construction equipment that is subject to month-to-month rental agreements with expected rental durations of less than one year.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The future undiscounted lease payments, as reconciled to the discounted operating lease liabilities presented in the Company's Condensed Consolidated Balance Sheets, were as follows:
December 31, 2020
Maturity Analysis:(in thousands)
Remainder of Fiscal 2021$3,767 
Fiscal 20225,350 
Fiscal 20233,845 
Fiscal 20242,822 
Fiscal 20252,282 
Thereafter9,601 
Total future operating lease payments27,667 
Less: imputed interest (4,787)
Net present value of future lease payments22,880 
Less: current portion of operating lease liabilities5,359 
Non-current operating lease liabilities$17,521 
Other Information Related to Leases [Table Text Block]
The following is a summary of the weighted average remaining operating lease term and weighted average discount rate as of December 31, 2020:
Weighted-average remaining lease term (in years)6.8 years
Weighted-average discount rate5.6 %
Supplemental cash flow information related to leases is as follows:
Six Months Ended
December 31, 2020
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,972 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$1,098