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Sales of Receivables (Tables)
 12 Months Ended
Jun. 30, 2022
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,

 

 

 

2022

 

 

2021

 

Beginning balance:

 

$

182,027

 

 

$

200,000

 

Sales of receivables

 

 

2,724,090

 

 

 

2,741,518

 

Cash collections

 

 

(2,748,332

)

 

 

(2,759,491

)

Outstanding balance sold to Purchaser: (1)

 

 

157,785

 

 

 

182,027

 

Cash collected, not remitted to Purchaser (2)

 

 

(16,502

)

 

 

(62,159

)

Remaining sold receivables

 

$

141,283

 

 

$

119,868

 

 

(1)

During fiscal 2022 and 2021, the Company recorded a net cash outflow in its cash flows from operating activities of $24.2 million and a net cash outflow of $18.0 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, 2022 and 2021.  This balance is included in other accrued expenses and current liabilities as of the balance sheet date.