Sales of Receivables (Tables)

9 Months Ended

Mar. 31, 2020

Transfers And Servicing Of Financial Assets [Abstract]

Summary of MARPA Activity

MARPA activity consisted of the following (in thousands):

	As of and for the
	Nine Months Ended
	March 31, 2020
Outstanding balance – June 30, 2019:	$	192,527
Sales of receivables		1,750,496
Cash collections		(1,749,524	)
Outstanding balance sold to Purchaser – March 31, 2020: (1)		193,499
Cash collected, not remitted to Purchaser (2)		(55,588	)
Remaining sold receivables	$	137,911

(1) For the nine months ended March 31, 2020, the Company recorded a cash inflow in its cash flows from operating activities of $1.0 million from sold receivables.  The cash inflow is calculated as the change in the outstanding balance of sold receivables as of March 31, 2020, compared with the outstanding balance as of June 30, 2019.

(2) Includes the cash collected on behalf of but not yet remitted to the Purchaser as of March 31, 2020.  This balance represents an obligation to the Purchaser and is included in other accrued expenses and current liabilities in the accompanying consolidated balance sheet.