Sales of Receivables (Tables)

12 Months Ended

Jun. 30, 2024

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,
	2024		2023
Beginning balance:	$	200,000	$	157,785
Sales of receivables	3,471,335		2,856,936
Cash collections	(3,421,335)		(2,814,721)
Outstanding balance sold to Purchaser: (1)	250,000		200,000
Cash collected, not remitted to Purchaser (2)	(110,750)		(71,677)
Remaining sold receivables	$	139,250	$	128,323

______________________

(1)During fiscal 2024 and 2023, the Company recorded a net cash inflow in its cash flows from operating activities of $50.0 million and a net cash inflow of $42.2 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, 2024 and 2023. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.