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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2025

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 (dollars in thousands):

			Year Ended June 30,
			2025						2024						2023
Domestic			$	534,394					$	480,145					$	447,975
Foreign			70,947						64,504						35,664
Income before income taxes			$	605,341					$	544,649					$	483,639

Schedule of Components of Income Tax Expense

The components of income tax expense are as follows (dollars in thousands):

			Year Ended June 30,
			2025						2024						2023
Current:
Federal			$	82,647					$	130,621					$	184,040
State and local			32,174						26,268						49,824
Foreign			17,750						17,599						11,053
Total current			132,571						174,488						244,917
Deferred:
Federal			(18,829)						(42,322)						(109,894)
State and local			(6,167)						(6,827)						(36,717)
Foreign			(2,064)						(614)						598
Total deferred			(27,060)						(49,763)						(146,013)
Total income tax expense			$	105,511					$	124,725					$	98,904

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% as a result of the following (dollars in thousands):

			Year Ended June 30,
			2025						2024						2023
Expected tax expense computed at federal statutory rate			$	127,122					$	114,376					$	101,564
State and local taxes, net of federal benefit			20,362						16,508						15,900
R&D tax credit, net			(14,073)						(12,604)						(14,205)
Stock-based compensation			(6,221)						(2,385)						(930)
Nonincludible and nondeductible items, net			3,426						4,368						1,105
Remeasurement of deferred taxes			—						(1,150)						(5,546)
Changes in unrecognized tax benefits			(23,161)						—						—
Other			(1,944)						5,612						1,016
Total income tax expense			$	105,511					$	124,725					$	98,904
Effective income tax rate			17.4		%				22.9		%				20.4		%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to deferred taxes are presented below (dollars in thousands):

			June 30,
			2025						2024
Deferred tax assets:
Operating lease liabilities			$	110,068					$	97,911
Reserves and accruals			18,782						22,172
Capitalized research and development			211,035						170,086
Credits and net operating loss carryovers			11,191						9,407
Deferred compensation and post-retirement obligations			34,650						34,315
Stock-based compensation			13,076						12,362
Valuation allowance			(4,781)						(2,887)
Total deferred tax assets			$	394,021					$	343,366
Deferred tax liabilities:
Goodwill and other intangible assets			$	(384,600)					$	(357,150)
Property, plant, and equipment			(26,091)						(27,578)
Operating lease right-of-use assets			(82,747)						(74,769)
Deferred revenue			(21,967)						(23,591)
Prepaid expenses			(11,209)						(12,084)
Interest rate swaps			(2,063)						(8,322)
Other			(7,062)						(9,680)
Total deferred tax liabilities			$	(535,739)					$	(513,174)
Net deferred tax liability			$	(141,718)					$	(169,808)

Schedule of Unrecognized Tax Benefits

Changes in the Company’s liability for unrecognized tax benefits is shown in the table below (dollars in thousands):

			Year Ended June 30,
			2025						2024						2023
Beginning of year			$	73,044					$	153,860					$	42,810
Additions based on prior year tax positions			—						3,592						3,829
Additions based on current year tax positions			6,974						11,703						107,221
Reductions based on prior year tax positions			(15,183)						(96,111)						—
Settlement with taxing authorities			(34,150)						—						—
Lapse of statute of limitations			(522)						—						—
End of year			$	30,163					$	73,044					$	153,860
Unrecognized tax benefits that, if recognized, would affect the effective tax rate			$	30,163					$	73,044					$	56,944

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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