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Debt (Tables)

12 Months Ended

Jun. 30, 2023

Debt Instruments [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following senior secured credit facilities (in thousands):

​

​	​	​	​	​	​	​
​	​	June 30,
​	​	2023		​	2022
Total debt:		​	​	​	​	​
Senior Secured Notes due 2028	​	$	404,950	​	$	405,882
Term Loan B	​		303,333	​		453,333
Total principal payments due	​		708,283	​		859,215
Unamortized debt discount and issuance costs	​		(13,206)	​		(20,307)
Total amount outstanding and noncurrent	​	$	695,077	​	$	838,908

Schedule of Maturities of Long-term Debt

Scheduled future maturities of long-term debt were as follows (in thousands):

​

​	​	​	​
​	​	Maturity
Fiscal Year	​	Payments
2024	​	$	—
2025	​		—
2026	​		—
2027	​		—
2028	​		708,283
Total	​	$	708,283

Schedule Of Debt Issuance Costs

In addition, based on the $150.0 million prepayments on the Term Loan B during fiscal year 2023, we expensed $4.3 million in interest expense in the Consolidated Statements of Income for the year ended June 30, 2023, which was the proportionate amount of the remaining unamortized debt discount and issuance costs related to the Term Loan B as of the prepayment date. The following table summarizes the unamortized debt discount and issuance costs activity for fiscal year 2023 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Notes

​

Term Loan B

​

Revolver

​

Total

Unamortized debt discount and issuance costs as of June 30, 2022

​

$

6,725

​

$

13,582

​

$

8,383

​

$

28,690

Amortization of debt discount and issuance costs

​

(1,118)

​

(1,686)

​

(2,028)

​

(4,832)

Debt discount and issuance costs write-off

​

​

(15)

​

​

(4,282)

​

​

—

​

​

(4,297)

Unamortized debt discount and issuance costs as of June 30, 2023

​

$

5,592

​

$

7,614

​

$

6,355

​

$

19,561

Schedule of components of interest expense

The components of interest expense were as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	Year Ended June 30,
​	​	2023		​	2022		​	2021
Notes interest expense	​	$	22,301	​	$	39,371	​	$	14,667
Term Loan B interest expense	​	​	26,831	​	​	33,413	​	​	—
Term Loan B ticking fees	​	​	—	​	​	5,330	​	​	11,263
Prior Term Loan B interest expense	​	​	—	​	​	1,272	​	​	9,311
Term Loan B debt discount and issuance costs write-off	​	​	4,282	​	​	12,471	​	​	—
Notes issuance costs write-off	​	​	15	​	​	6,771	​	​	—
Gain on extinguishment of debt	​	​	(71)	​	​	(2,072)	​	​	—
Unused bridge fee	​	​	—	​	​	10,329	​	​	—
Prior Credit Facility issuance costs write-off	​	​	—	​	​	6,000	​	​	—
Swap settlement	​	​	—	​	​	4,525	​	​	—
Amortization of debt discount and issuance costs	​	​	4,832	​	​	7,083	​	​	2,657
Other	​	​	4,910	​	​	4,855	​	​	3,467
Total interest expense	​	$	63,100	​	$	129,348	​	$	41,365

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481544/470-10-50-1

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