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Sales of Receivables (Tables)
 3 Months Ended
Sep. 30, 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

 

 

 

Three Months Ended September 30,

 

 

 

2020

 

 

2019

 

Beginning balance:

 

$

200,000

 

 

$

192,527

 

Sales of receivables

 

 

626,603

 

 

 

493,879

 

Cash collections

 

 

(642,398

)

 

 

(505,303

)

Outstanding balance sold to Purchaser: (1)

 

 

184,205

 

 

 

181,103

 

Cash collected, not remitted to Purchaser (2)

 

 

(79,804

)

 

 

(90,850

)

Remaining sold receivables

 

$

104,401

 

 

$

90,253

 

 

 

(1)

For the three months ended September 30, 2020 and 2019, the Company recorded a net cash outflow in its cash flows from operating activities of $15.8 million and $11.4 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 the Purchaser as of September 30, 2020 and 2019.  This balance is included in other accrued expenses and current liabilities as of the balance sheet date.