Sales of Receivables (Tables)

3 Months Ended

Sep. 30, 2023

Transfers and Servicing of Financial Assets [Abstract]

Schedule of MARPA Activity

MARPA activity consisted of the following (in thousands):

	As of and for the Three Months Ended September 30,
	2023		2022
Beginning balance:	$	200,000	$	157,785
Sales of receivables	695,260		737,873
Cash collections	(718,427)		(735,969)
Outstanding balance sold to Purchaser: (1)	176,833		159,689
Cash collected, not remitted to Purchaser (2)	(80,542)		(24,550)
Remaining sold receivables	$	96,291	$	135,139

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(1)For the three months ended September 30, 2023 and 2022, the Company recorded a net cash outflow of $23.2 million and a net cash inflow of $1.9 million in its cash flows from operating activities, 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 September 30, 2023 and 2022. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.