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Leases
 9 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Leases LEASES
The Company leases office space, warehouse and distribution facilities, manufacturing equipment and vehicles primarily in North America and Europe. The Company determines if an arrangement is or contains a lease at inception. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company’s lease agreements generally do not contain residual value guarantees or material restrictive covenants. A limited number of lease agreements include rental payments adjusted periodically for inflation.
Some of the Company’s leases contain variable lease payments, which are expensed as incurred unless those payments are based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at lease
commencement and included in the measurement of the lease liability; thereafter, changes to lease payments due to rate or index changes are recorded as variable lease expense in the period incurred. The Company does not have any related party leases, and sublease transactions are de minimis.
The components of lease expenses for the three and nine months ended March 31, 2020 were as follows:
Three Months EndedNine Months Ended
March 31, 2020March 31, 2020
Operating lease expenses$4,545  $14,034  
Finance lease expenses272  761  
Variable lease expenses633  1,873  
Short-term lease expenses490  1,349  
Total lease expenses$5,940  $18,017  

Supplemental balance sheet information related to leases was as follows:
LeasesClassification March 31, 2020
Assets
Operating lease ROU assetsOperating lease right-of-use assets$81,959  
Finance lease ROU assets, netProperty, plant and equipment, net1,091  
Total leased assets$83,050  
Liabilities
Current
OperatingAccrued expenses and other current liabilities$13,402  
FinanceCurrent portion of long-term debt357  
Non-current
Operating Operating lease liabilities, noncurrent portion74,937  
FinanceLong-term debt, less current portion333  
Total lease liabilities $89,029  

Additional information related to leases is as follows:
Nine Months Ended
March 31, 2020
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$12,856  
Operating cash flows from finance leases$18  
Financing cash flows from finance leases$372  
ROU assets obtained in exchange for lease obligations (a):
Operating leases$94,389  
Finance leases$1,092  
Weighted average remaining lease term:
Operating leases8.4 years
Finance leases2.3 years
Weighted average discount rate:
Operating leases2.7 %
Finance leases2.9 %
(a) ROU assets obtained in exchange for lease obligations includes the impact of the adoption of ASU 2016-02 effective July 1, 2019 (see Note 2) and leases which commenced, were modified or terminated during the nine months ended March 31, 2020.

Maturities of lease liabilities as of March 31, 2020 were as follows:
Fiscal YearOperating leasesFinance leasesTotal
2020 (remainder of year)$3,224  $85  $3,309  
2021  15,64235615,998  
2022  13,47218013,652  
2023  12,5145412,568  
2024  10,5432610,569  
Thereafter44,177644,183  
Total lease payments99,572707100,279  
Less: Imputed interest11,2331711,250  
Total lease liabilities$88,339  $690  $89,029  

The aggregate minimum future lease payments for operating leases at June 30, 2019 were as follows:
Fiscal Year
2020$19,426  
202116,584  
202214,218  
202313,221  
202411,041  
Thereafter44,452  
$118,942  
At March 31, 2020, the Company had additional leases that had not yet commenced. Obligations under these leases are not material.
Leases LEASES
The Company leases office space, warehouse and distribution facilities, manufacturing equipment and vehicles primarily in North America and Europe. The Company determines if an arrangement is or contains a lease at inception. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company’s lease agreements generally do not contain residual value guarantees or material restrictive covenants. A limited number of lease agreements include rental payments adjusted periodically for inflation.
Some of the Company’s leases contain variable lease payments, which are expensed as incurred unless those payments are based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at lease
commencement and included in the measurement of the lease liability; thereafter, changes to lease payments due to rate or index changes are recorded as variable lease expense in the period incurred. The Company does not have any related party leases, and sublease transactions are de minimis.
The components of lease expenses for the three and nine months ended March 31, 2020 were as follows:
Three Months EndedNine Months Ended
March 31, 2020March 31, 2020
Operating lease expenses$4,545  $14,034  
Finance lease expenses272  761  
Variable lease expenses633  1,873  
Short-term lease expenses490  1,349  
Total lease expenses$5,940  $18,017  

Supplemental balance sheet information related to leases was as follows:
LeasesClassification March 31, 2020
Assets
Operating lease ROU assetsOperating lease right-of-use assets$81,959  
Finance lease ROU assets, netProperty, plant and equipment, net1,091  
Total leased assets$83,050  
Liabilities
Current
OperatingAccrued expenses and other current liabilities$13,402  
FinanceCurrent portion of long-term debt357  
Non-current
Operating Operating lease liabilities, noncurrent portion74,937  
FinanceLong-term debt, less current portion333  
Total lease liabilities $89,029  

Additional information related to leases is as follows:
Nine Months Ended
March 31, 2020
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$12,856  
Operating cash flows from finance leases$18  
Financing cash flows from finance leases$372  
ROU assets obtained in exchange for lease obligations (a):
Operating leases$94,389  
Finance leases$1,092  
Weighted average remaining lease term:
Operating leases8.4 years
Finance leases2.3 years
Weighted average discount rate:
Operating leases2.7 %
Finance leases2.9 %
(a) ROU assets obtained in exchange for lease obligations includes the impact of the adoption of ASU 2016-02 effective July 1, 2019 (see Note 2) and leases which commenced, were modified or terminated during the nine months ended March 31, 2020.

Maturities of lease liabilities as of March 31, 2020 were as follows:
Fiscal YearOperating leasesFinance leasesTotal
2020 (remainder of year)$3,224  $85  $3,309  
2021  15,64235615,998  
2022  13,47218013,652  
2023  12,5145412,568  
2024  10,5432610,569  
Thereafter44,177644,183  
Total lease payments99,572707100,279  
Less: Imputed interest11,2331711,250  
Total lease liabilities$88,339  $690  $89,029  

The aggregate minimum future lease payments for operating leases at June 30, 2019 were as follows:
Fiscal Year
2020$19,426  
202116,584  
202214,218  
202313,221  
202411,041  
Thereafter44,452  
$118,942  
At March 31, 2020, the Company had additional leases that had not yet commenced. Obligations under these leases are not material.