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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Net revenue:      
Net administrative fees $ 643,839 $ 557,468 $ 498,394
Other services and support 372,133 363,087 337,554
Services 1,015,972 920,555 835,948
Products 645,284 534,118 326,646
Net revenue 1,661,256 1,454,673 1,162,594
Cost of revenue:      
Services 187,399 182,775 163,240
Products 610,892 497,273 293,816
Cost of revenue 798,291 680,048 457,056
Gross profit 862,965 774,625 705,538
Remeasurement of tax receivable agreement liabilities 177,174 5,447 4,818
Other operating income 177,174 5,447 4,818
Operating expenses:      
Selling, general and administrative 443,639 410,918 408,429
Research and development 1,423 3,107 2,925
Amortization of purchased intangible assets 55,447 48,327 33,054
Operating expenses 500,509 462,352 444,408
Operating income 539,630 317,720 265,948
Remeasurement gain attributable to acquisition of Innovatix, LLC 0 205,146 0
Equity in net income of unconsolidated affiliates 1,174 14,745 21,647
Interest and investment income (loss), net (5,300) (4,512) (1,021)
Loss on disposal of long-lived assets (2,376) (2,422) 0
Other income (expense) (16,324) 614 (1,692)
Other income (expense), net (22,826) 213,571 18,934
Income before income taxes 516,804 531,291 284,882
Income tax expense 259,234 81,814 49,721
Net income 257,570 449,477 235,161
Net income attributable to non-controlling interest in Premier LP (224,269) (336,052) (193,547)
Adjustment of redeemable limited partners' capital to redemption amount 157,581 (37,176) 776,750
Net income attributable to stockholders $ 190,882 $ 76,249 $ 818,364
Weighted average shares outstanding:      
Basic (shares) 53,518 49,654 42,368
Diluted (shares) 137,340 50,374 145,308
Earnings per share attributable to stockholders:      
Basic (usd per share) $ 3.57 $ 1.54 $ 19.32
Diluted (usd per share) $ 1.36 $ 1.51 $ 0.97