Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2025

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock-based compensation expense

Stock-based compensation expense, which is included in student services and administrative expense, and the related income tax benefit were as follows (in thousands):

	Year Ended June 30,
	2025		2024		2023
Stock-based compensation	$	41,590	$	25,947	$	14,299
Income tax benefit		(8,695)		(8,594)		(3,938)
Stock-based compensation, net of tax	$	32,895	$	17,353	$	10,361

Summary of Options Activity

The following table summarizes stock option activity for the year ended June 30, 2025:

				Weighted-Average
	Number of			Remaining	Aggregate
	Stock	Weighted-Average		Contractual Life	Intrinsic Value
	Options	Exercise Price		(in years)	(in thousands)
Outstanding as of June 30, 2024	550,343	$	37.34
Exercised	(273,780)		36.63
Expired	(1,325)		36.46
Outstanding as of June 30, 2025	275,238		38.05	5.4	$	24,545
Exercisable as of June 30, 2025	232,430	$	38.24	5.3	$	20,683

Summary of Restricted Stock Units Activity

The following table summarizes RSU activity for the year ended June 30, 2025:

		Weighted-Average
	Number of	Grant Date
	RSUs	Fair Value
Unvested as of June 30, 2024	755,841	$	40.51
Granted	221,210		89.65
Vested	(390,514)		40.68
Forfeited	(56,568)		54.38
Unvested as of June 30, 2025	529,969	$	59.41

Summary of Performance Shares Unit Activity

The following table summarizes PSU activity for the year ended June 30, 2025:

		Weighted-Average
	Number of	Grant Date
	PSUs	Fair Value
Unvested as of June 30, 2024	629,770	$	43.77
Granted	167,050		89.74
Vested	(83,357)		33.84
Forfeited	(99,463)		46.36
Unvested as of June 30, 2025	614,000	$	57.20