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Commitments and Contingencies
 9 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
Commitments
The Company has non-cancelable operating leases for office and other facilities in various locations, and certain equipment, which expire through 2031. Future minimum lease payments as of March 31, 2023 are as follows (in thousands):
Fiscal years ending June 30:
Amount
Remainder of 2023
$3,609 
202413,831 
202513,425 
202613,292 
202713,226 
202813,590 
Thereafter35,919 
Gross lease payments106,892 
Less - present value adjustments(18,782)
Total operating lease liabilities, net$88,110 
In addition to the minimum lease payments above, the Company has multi-year agreements with certain third parties and financial institution partners, expiring through 2029, which require the Company to pay
fees over the term of the respective agreements. Future payments under these agreements as of March 31, 2023 are as follows (in thousands):
Fiscal years ending June 30:
Amount
Remainder of 2023
$10,023 
202415,103 
202512,705 
20266,004 
20275,241 
20285,491 
Thereafter29,250 
Total$83,817 
Purchase of Card Receivables that have not Cleared
The Company is contractually obligated to purchase all card receivables from the Issuing Banks including authorized transactions that have not cleared. The transactions that have been authorized but not cleared totaled $64.3 million as of March 31, 2023 and have not been recorded on the accompanying consolidated balance sheets. The Company has credit exposures with these authorized but not cleared transactions; however, the expected credit losses recorded were not material as of March 31, 2023.
Litigation
From time to time, the Company is involved in lawsuits, claims, investigations, and proceedings that arise in the ordinary course of business. The Company records a provision for a liability when management believes that it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. As of March 31, 2023 and June 30, 2022, the Company’s reserve for litigation is immaterial. The Company reviews these provisions periodically and adjusts these provisions to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. Litigation is inherently unpredictable.