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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income Loss Before Income Tax Expense | The domestic and foreign components of income before provision for income taxes are as follows (in thousands):
|  | Year Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Domestic |  | $ | 471,711 |  |  | $ | 379,414 |  |  | $ | 308,922 |
Foreign |  |  | 27,904 |  |  |  | 22,223 |  |  |  | 18,987 |
Income before income taxes |  | $ | 499,615 |  |  | $ | 401,637 |  |  | $ | 327,909 |
Schedule of Components of Income Tax Expense | The components of income tax expense are as follows (in thousands):
|  | Year Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (94,143 | ) |  | $ | 42,268 |  |  | $ | 41,675 |
State and local |  |  | 19,958 |  |  |  | 14,744 |  |  |  | 17,606 |
Foreign |  |  | 7,384 |  |  |  | 5,271 |  |  |  | 4,033 |
Total current |  |  | (66,801 | ) |  |  | 62,283 |  |  |  | 63,314 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 109,157 |  |  |  | 12,940 |  |  |  | (27 | )
State and local |  |  | 185 |  |  |  | 5,465 |  |  |  | (877 | )
Foreign |  |  | (369 | ) |  |  | (531 | ) |  |  | (105 | )
Total deferred |  |  | 108,973 |  |  |  | 17,874 |  |  |  | (1,009 | )
Total income tax expense |  | $ | 42,172 |  |  | $ | 80,157 |  |  | $ | 62,305 |
Schedule of Effective Income Tax Rate Reconciliation | Income tax expense differs from the amounts computed by applying the U.S. federal statutory income tax rate of 21.0 percent as a result of the following (in thousands):
|  | Year Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Expected tax expense computed at federal statutory rate |  | $ | 104,919 |  |  | $ | 84,344 |  |  | $ | 68,861 |
State and local taxes, net of federal benefit |  |  | 21,252 |  |  |  | 15,965 |  |  |  | 13,216 |
Remeasurement of current year NOL |  |  | (56,192 | ) |  |  | — |  |  |  | — |
Nonincludible and nondeductible items, net |  |  | (2,269 | ) |  |  | 3,133 |  |  |  | 1,971 |
Remeasurement of deferred taxes and transition tax |  |  | — |  |  |  | — |  |  |  | (2,182 | )
Effect of foreign tax rates |  |  | (687 | ) |  |  | (377 | ) |  |  | (380 | )
R&D tax credit, net |  |  | (18,173 | ) |  |  | (10,700 | ) |  |  | (6,755 | )
Other tax credits |  |  | (648 | ) |  |  | (1,183 | ) |  |  | (2,138 | )
Stock-based compensation |  |  | (5,525 | ) |  |  | (10,900 | ) |  |  | (7,493 | )
Other |  |  | (505 | ) |  |  | (125 | ) |  |  | (2,795 | )
Total income tax expense |  | $ | 42,172 |  |  | $ | 80,157 |  |  | $ | 62,305 |
Effective income tax rate |  |  | 8.4 | % |  |  | 20.0 | % |  |  | 19.0 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to deferred taxes are presented below (in thousands):
|  | June 30, |
|  | 2021 |  |  | 2020 |
Deferred tax assets: |  |  |  |  |  |  |  |
Deferred compensation and post-retirement obligations |  | $ | 36,183 |  |  | $ | 33,094 |
Reserves and accruals |  |  | 58,900 |  |  |  | 41,137 |
Stock-based compensation |  |  | 11,767 |  |  |  | 9,860 |
NOL carryforward |  |  | 39,123 |  |  |  | — |
Lease liability |  |  | 110,282 |  |  |  | 99,539 |
Interest rate swaps |  |  | 6,800 |  |  |  | 11,349 |
Other assets |  |  | 2,757 |  |  |  | 6,786 |
Total deferred tax assets |  |  | 265,812 |  |  |  | 201,765 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Goodwill and other intangible assets |  |  | (291,282 | ) |  |  | (273,088 | )
Unbilled revenue |  |  | (35,115 | ) |  |  | (17,429 | )
Prepaid expenses |  |  | (8,932 | ) |  |  | (6,444 | )
Right of use assets |  |  | (90,186 | ) |  |  | (85,275 | )
Property and equipment |  |  | (167,527 | ) |  |  | (32,625 | )
Total deferred tax liabilities |  |  | (593,042 | ) |  |  | (414,861 | )
Net deferred tax liability |  | $ | (327,230 | ) |  | $ | (213,096 | )
Schedule of Unrecognized Tax Benefits | Changes in the Company’s liability for unrecognized tax benefits is shown in the table below (in thousands):
|  | Year Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Beginning of year |  | $ | 8,826 |  |  | $ | 1,530 |  |  | $ | 4,122 |
Additions based on current year tax positions |  |  | 5,702 |  |  |  | 2,293 |  |  |  | 676 |
Lapse of statute of limitations |  |  | — |  |  |  | — |  |  |  | (164 | )
Additions based on prior year tax positions |  |  | 20,025 |  |  |  | 5,003 |  |  |  | — |
Reductions based on prior tax year positions |  |  | — |  |  |  | — |  |  |  | (3,104 | )
Settlement with taxing authorities |  |  | (3,048 | ) |  |  | — |  |  |  | — |
End of year |  | $ | 31,505 |  |  | $ | 8,826 |  |  | $ | 1,530 |

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