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Sales of Receivables (Tables) | 12 Months Ended
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Jun. 30, 2024
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,
| 2024 |  | 2023
Beginning balance: | $ | 200,000 |  |  | $ | 157,785 |
Sales of receivables | 3,471,335 |  |  | 2,856,936 |
Cash collections | (3,421,335) |  |  | (2,814,721) |
Outstanding balance sold to Purchaser: (1) | 250,000 |  |  | 200,000 |
Cash collected, not remitted to Purchaser (2) | (110,750) |  |  | (71,677) |
Remaining sold receivables | $ | 139,250 |  |  | $ | 128,323 |
______________________ (1)During fiscal 2024 and 2023, the Company recorded a net cash inflow in its cash flows from operating activities of $50.0 million and a net cash inflow of $42.2 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, 2024 and 2023. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.

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- Definition Tabular disclosure of derecognized financial assets from transactions which comprise an initial transfer and an agreement entered into in contemplation of the initial transfer resulting in retention of substantially all of the exposure to the economic return throughout the term of the transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 4D -SubTopic 20 -Topic 860 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481326/860-20-50-4D + Details
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