Revenues

12 Months Ended

Jun. 30, 2022

Revenue From Contract With Customer [Abstract]

Revenues

Note 5 – Revenues

Disaggregation of Revenues

The Company disaggregates revenues by contract type, customer type, prime vs. subcontractor, and whether the solution provided is primarily Expertise or Technology.  These categories represent how the nature, amount, timing, and uncertainty of revenues and cash flows are affected.

Disaggregated revenues by contract type were as follows (in thousands):

	Year Ended June 30, 2022						Year Ended June 30, 2021						Year Ended June 30, 2020
	Domestic		International		Total		Domestic		International		Total		Domestic		International		Total
Cost-plus-fee	$	3,632,359	$	—	$	3,632,359	$	3,504,838	$	—	$	3,504,838	$	3,274,707	$	—	$	3,274,707
Fixed-price		1,690,480		132,741		1,823,221		1,651,343		118,498		1,769,841		1,524,381		105,094		1,629,475
Time-and-materials		688,220		59,117		747,337		712,211		57,245		769,456		757,584		58,276		815,860
Total	$	6,011,059	$	191,858	$	6,202,917	$	5,868,392	$	175,743	$	6,044,135	$	5,556,672	$	163,370	$	5,720,042

Disaggregated revenues by customer type were as follows (in thousands):

	Year Ended June 30, 2022						Year Ended June 30, 2021						Year Ended June 30, 2020
	Domestic		International		Total		Domestic		International		Total		Domestic		International		Total
Department of Defense	$	4,331,327	$	—	$	4,331,327	$	4,185,292	$	—	$	4,185,292	$	3,999,261	$	—	$	3,999,261
Federal civilian agencies		1,549,791		—		1,549,791		1,585,672		—		1,585,672		1,467,801		—		1,467,801
Commercial and other		129,941		191,858		321,799		97,428		175,743		273,171		89,610		163,370		252,980
Total	$	6,011,059	$	191,858	$	6,202,917	$	5,868,392	$	175,743	$	6,044,135	$	5,556,672	$	163,370	$	5,720,042

Disaggregated revenues by prime vs. subcontractor were as follows (in thousands):

	Year Ended June 30, 2022						Year Ended June 30, 2021						Year Ended June 30, 2020
	Domestic		International		Total		Domestic		International		Total		Domestic		International		Total
Prime contractor	$	5,389,870	$	175,052	$	5,564,922	$	5,284,761	$	164,829	$	5,449,590	$	5,057,930	$	153,436	$	5,211,366
Subcontractor		621,189		16,806		637,995		583,631		10,914		594,545		498,742		9,934		508,676
Total	$	6,011,059	$	191,858	$	6,202,917	$	5,868,392	$	175,743	$	6,044,135	$	5,556,672	$	163,370	$	5,720,042

Disaggregated revenues by Expertise or Technology were as follows (in thousands):

	Year Ended June 30, 2022						Year Ended June 30, 2021						Year Ended June 30, 2020
	Domestic		International		Total		Domestic		International		Total		Domestic		International		Total
Expertise	$	2,796,038	$	73,279	$	2,869,317	$	2,901,204	$	71,762	$	2,972,966	$	2,938,379	$	63,133	$	3,001,512
Technology		3,215,021		118,579		3,333,600		2,967,188		103,981		3,071,169		2,618,293		100,237		2,718,530
Total	$	6,011,059	$	191,858	$	6,202,917	$	5,868,392	$	175,743	$	6,044,135	$	5,556,672	$	163,370	$	5,720,042

Changes in Estimates

Aggregate net changes in estimates reflected an increase to income before income taxes of $29.8 million ($0.93 per diluted share), $44.1 million ($1.30 per diluted share), and $33.0 million ($0.95 per diluted share) during fiscal 2022, 2021, and 2020, respectively.  The Company uses its statutory tax rate when calculating the impact to diluted earnings per share.

Revenues recognized from previously satisfied performance obligations were not significant for fiscal 2022 compared to $2.5 million and $10.5 million for fiscal 2021 and 2020, respectively.  The change in revenues generally relates to final true-up adjustments for estimated award or incentive fees in the period in which the customer’s final performance score was received or when it can be determined that more objective, contractually-defined criteria have been fully satisfied.

Remaining Performance Obligations

As of June 30, 2022, the Company had $8.2 billion of remaining performance obligations and expects to recognize approximately 50% and 73% over the next 12 and 24 months, respectively, with the remainder to be recognized thereafter.  

Contract Balances

Contract balances consisted of the following (in thousands):

Description of Contract Related Balance	Financial Statement Classification	June 30, 2022			June 30, 2021
Billed and billable receivables	Accounts receivable, net	$	800,597		$	763,921
Contract assets – current unbilled receivables	Accounts receivable, net		125,547			115,930
Contract assets – current costs to obtain	Prepaid expenses and other current assets		5,167			4,144
Contract assets – noncurrent unbilled receivables	Accounts receivable, long-term		10,199			12,159
Contract assets – noncurrent costs to obtain	Other long-term assets		10,703			9,584
Contract liabilities – current deferred    revenue and other contract liabilities	Other accrued expenses and current liabilities		(84,810	)		(70,907	)
Contract liabilities – noncurrent deferred    revenue and other contract liabilities	Other long-term liabilities		(7,552	)		(6,837	)

During fiscal 2022 and 2021, respectively, we recognized $74.2 million and $57.1 million of revenue that was included in a previously recorded contract liability as of the beginning of the period.