Sales of Receivables (Tables)

12 Months Ended

Jun. 30, 2023

Transfers and Servicing of Financial Assets [Abstract]

Summary of MARPA Activity

MARPA activity consisted of the following (in thousands):

	As of and for the Year Ended June 30,
	2023		2022
Beginning balance:	$	157,785	$	182,027
Sales of receivables	2,856,936		2,724,090
Cash collections	(2,814,721)		(2,748,332)
Outstanding balance sold to Purchaser: (1)	200,000		157,785
Cash collected, not remitted to Purchaser (2)	(71,677)		(16,502)
Remaining sold receivables	$	128,323	$	141,283

______________________

(1)During fiscal 2023 and 2022, the Company recorded a net cash inflow in its cash flows from operating activities of $42.2 million and a net cash outflow of $24.2 million, respectively, from sold receivables. MARPA cash flows are calculated as the change in the outstanding balance during the fiscal year.

(2)Includes the cash collected on behalf of but not yet remitted to Purchaser as of June 30, 2023 and 2022. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.