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SEGMENTS (Tables)
 9 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table presents disaggregated revenue by business segment and underlying source (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2023202220232022
Net revenue:
Supply Chain Services
Net administrative fees$148,441 $148,396 $452,870 $448,261 
Software licenses, other services and support11,032 8,914 35,963 27,165 
Services and software licenses159,473 157,310 488,833 475,426 
Products57,212 93,629 183,066 323,825 
Total Supply Chain Services (a)
216,685 250,939 671,899 799,251 
Performance Services
Software licenses, other services and support
SaaS-based products subscriptions44,685 49,347 142,097 144,357 
Consulting services22,087 16,342 57,963 46,440 
Software licenses14,400 12,169 51,197 44,033 
Other(b)
24,384 19,045 72,603 58,132 
Total Performance Services (a)
105,556 96,903 323,860 292,962 
Total segment net revenue322,241 347,842 995,759 1,092,213 
Eliminations (a)
(9)(9)(28)(18)
Net revenue$322,232 $347,833 $995,731 $1,092,195 
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(a)Includes intersegment revenue that is eliminated in consolidation. Intersegment revenue is not separately identified in Segments as the amounts are not material.
(b)Includes revenue from Contigo Health, Remitra and other PINC AI revenue.
Additional segment information related to depreciation and amortization expense, capital expenditures and total assets was as follows (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2023202220232022
Depreciation and amortization expense (a):
Supply Chain Services$13,002 $14,114 $40,862 $40,710 
Performance Services17,189 16,163 53,407 48,349 
Corporate2,000 2,282 6,299 6,705 
Total depreciation and amortization expense$32,191 $32,559 $100,568 $95,764 
Capital expenditures:
Supply Chain Services$6,571 $6,740 $19,586 $22,212 
Performance Services13,311 10,926 38,576 34,312 
Corporate166 735 302 4,537 
Total capital expenditures$20,048 $18,401 $58,464 $61,061 
March 31, 2023June 30, 2022
Total assets:
Supply Chain Services $1,355,552 $1,406,108 
Performance Services1,261,241 1,054,687 
Corporate896,047 896,336 
Total assets3,512,840 3,357,131 
Eliminations (b)
(323)(4)
Total assets, net$3,512,517 $3,357,127 
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(a)Includes amortization of purchased intangible assets.
(b)Includes eliminations of intersegment transactions which occur during the ordinary course of business.
Schedule of Reconciliation of Income Before Income Taxes to Segment Adjusted EBITDA
A reconciliation of income before income taxes to unaudited Segment Adjusted EBITDA, a Non-GAAP financial measure, is as follows (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2023202220232022
Income before income taxes$65,881 $53,763 $215,748 $277,701 
Equity in net income of unconsolidated affiliates (a)
(4,630)(3,991)(14,547)(17,165)
Interest expense, net4,269 2,804 11,759 8,465 
Gain on FFF Put and Call Rights (b)
— — — (64,110)
Other (income) expense, net(2,954)4,248 (3,720)2,176 
Operating income62,566 56,824 209,240 207,067 
Depreciation and amortization20,275 21,408 65,153 62,874 
Amortization of purchased intangible assets11,916 11,151 35,415 32,890 
Stock-based compensation (c)
6,709 14,149 16,859 38,229 
Acquisition- and disposition-related expenses6,294 3,115 11,592 10,282 
Strategic initiative and financial restructuring-related expenses1,942 5,540 10,988 9,314 
Equity in net income of unconsolidated affiliates (a)
4,630 3,991 14,547 17,165 
Deferred compensation plan expense (income) (d)
2,859 (3,994)3,148 (1,923)
Other reconciling items, net95 4 260 9 
Non-GAAP Adjusted EBITDA$117,286 $112,188 $367,202 $375,907 
Segment Non-GAAP Adjusted EBITDA:
Supply Chain Services (e)
$122,040 $118,034 $371,228 $381,586 
Performance Services (e)
25,018 26,552 87,587 89,277 
Corporate(29,772)(32,398)(91,613)(94,956)
Non-GAAP Adjusted EBITDA$117,286 $112,188 $367,202 $375,907 
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(a)Refer to Note 4 - Investments for more information.
(b)Refer to Note 5 - Fair Value Measurements for more information.
(c)Includes non-cash employee stock-based compensation expense and stock purchase plan expense of $0.1 million for both the three months ended March 31, 2023 and 2022 and $0.5 million and $0.4 million for the nine months ended March 31, 2023 and 2022, respectively.
(d)Represents realized and unrealized gains and (losses) and dividend income on deferred compensation plan assets.
(e)Includes intersegment revenue which is eliminated in consolidation.