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Sales of Receivables (Tables)
12 Months Ended
Jun. 30, 2025
Transfers and Servicing of Financial Assets [Abstract]  
Schedules of MARPA Activity
MARPA activity consisted of the following (dollars in thousands):
As of and for the
Year Ended June 30,
20252024
Beginning balance$250,000 $200,000 
Sales of receivables3,902,102 3,471,335 
Cash collections(3,863,193)(3,421,335)
Outstanding balance sold to Purchaser (1)
288,909 250,000 
Cash collected, not remitted to Purchaser (2)
(96,391)(110,750)
Remaining sold receivables$192,518 $139,250 
______________________
(1)During fiscal 2025 and 2024, the Company recorded a net cash inflow from operating activities of $38.9 million and $50.0 million, respectively, from sold receivables.
(2)Includes the cash collected on behalf of but not yet remitted to Purchaser as of June 30, 2025 and 2024. This balance is included in other accrued expenses and current liabilities on the consolidated balance sheets.