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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 528,547 $ 500,614
Accounts receivable, net of allowance of $34,680 and $31,298 699,817 472,754
Inventories, net 22,375 36,748
Prepaid expenses 49,733 29,164
Marketable securities 195,144 191,672
Other current assets 17,361 14,494
Total current assets 1,512,977 1,245,446
Operating lease right-of-use assets, net 46,011 54,503
Property and equipment, net 88,490 50,856
Capitalized software, net 76,932 81,952
Capitalized curriculum development costs, net 55,860 53,232
Intangible assets, net 52,759 60,282
Goodwill 246,676 246,676
Deferred tax asset 3,363 7,200
Deposits and other assets 124,876 120,318
Total assets 2,207,944 1,920,465
Current liabilities    
Accounts payable 40,204 40,970
Accrued liabilities 71,185 60,796
Accrued compensation and benefits 68,959 64,878
Deferred revenue 32,902 35,742
Current portion of finance lease liability 44,011 29,146
Current portion of operating lease liability 12,306 12,748
Total current liabilities 269,567 244,280
Long-term finance lease liability 52,763 26,452
Long-term operating lease liability 36,790 45,192
Long-term debt 415,913 414,675
Other long-term liabilities 15,539 13,841
Total liabilities 790,572 744,440
Commitments and contingencies
Stockholders' equity    
Preferred stock, par value $0.0001; 10,000,000 shares authorized; zero shares issued or outstanding
Common stock, par value $0.0001; 100,000,000 shares authorized; 48,824,622 and 48,576,164 shares issued; and 43,489,879 and 43,241,421 shares outstanding, respectively 4 4
Additional paid-in capital 724,767 720,033
Accumulated other comprehensive loss (50) (42)
Retained earnings 795,133 558,512
Treasury stock of 5,334,743 shares at cost (102,482) (102,482)
Total stockholders' equity 1,417,372 1,176,025
Total liabilities and stockholders' equity $ 2,207,944 $ 1,920,465