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Commitments
12 Months Ended
Jun. 30, 2019
Legal Actions And Contingencies [Abstract]  
Commitments

(18)  Commitments



We lease buildings, motor vehicles and office equipment under operating leases. We expense rental charges for operating leases on a straight-line basis over the lease term taking into account rent concessions or holidays. Rent expenses under operating leases for the years ended June 30, 2019, 2018 and 2017, were approximately $23.4 million, $21.1 million and $20.1 million, respectively. At June 30, 2019 we had the following future minimum lease payments under non-cancelable operating leases (in thousands):





 

 

 

Fiscal Years

 

Operating Leases

2020

 

$

23,500 

2021

 

 

17,161 

2022

 

 

12,403 

2023

 

 

9,478 

2024

 

 

7,916 

Thereafter

 

 

27,555 

Total minimum lease payments

 

$

98,013 

 

As outlined in note 3 – new accounting pronouncements, and in relation to ASU No. 2016-02, “Leases”, we expect to recognize additional right-of-use assets and lease liabilities for operating leases of approximately $60.0 million to $70.0 million as of July 1, 2019, excluding the impact of our evaluation of lease terms and several contracts that may contain an embedded lease. The table above includes operating leases that have been executed and are non-cancelable but will not commence in accordance with the provisions of the new leases guidance until after the adoption date and, therefore, will not be included in the right-of-use assets and lease liabilities for operating leases at the date of adoption.