LEASES (Tables)

3 Months Ended

Jun. 28, 2019

Leases [Abstract]

Components of Lease Cost

Other information related to leases as of the quarter ended June 28, 2019 was (in thousands):

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	43,040

The components of lease cost for the quarter ended June 28, 2019 were (in thousands): 

Lease cost	Three-Month Period Ended
	June 28, 2019
Operating lease cost	$	45,704
Total lease cost	$	45,704

Balance Sheet Amounts

Amounts reported in the Consolidated Balance Sheet as of the quarter ended June 28, 2019 were (in thousands, except weighted average lease term and discount rate):

	As of June 28, 2019
Operating Leases:
Operating lease right of use assets	$	656,267
Operating lease liabilities	(690,241		)
Weighted-average remaining lease term (In years)
Operating leases	7
Weighted-average discount rate
Operating leases	4.0		%

Future Minimum Lease Payments

Future lease payments under non-cancellable leases as of June 28, 2019 are as follows (in thousands):

Fiscal Year Ended March 31,	Operating Leases
2020 (1)	$	124,615
2021	130,200
2022	109,199
2023	92,762
2024	78,452
Thereafter	262,057
Total undiscounted lease payments	797,285
Less: imputed interest	107,044
Total lease liabilities	$	690,241

(1)

Represents estimated lease payments for the remaining nine-month period ending March 31, 2020.

Future Minimum Rental Payments

As previously disclosed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2019 and under the previous lease accounting standard ASC 840, the aggregate future non-cancellable minimum rental payments on our operating lease, as of March 31, 2019, are as follows:

Fiscal Year Ending March 31,	Operating Leases
	(In thousands)
2020	$	155,391
2021	113,245
2022	93,777
2023	81,335
2024	67,341
Thereafter	171,828
Total minimum lease payments	$	682,917