XML 50 R34.htm IDEA: XBRL DOCUMENT
v3.25.2

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,
| 2025 |  | 2024
Beginning balance | $ | 250,000 |  |  | $ | 200,000 |
Sales of receivables | 3,902,102 |  |  | 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.

X
- 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
Name: | us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TransfersAndServicingOfFinancialAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration