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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Income tax benefit (expense) attributable to continuing operations is comprised of the following components:
|  | Years Ended June 30,
|  | 2024 |  | 2023 |  | 2022
Current benefit (expense): |  |  |  |  |  |
Federal |  | $ | 8,200 |  |  | $ | 1,389 |  |  | $ | 1,555 |
State and other |  | (5,148) |  |  | (4,672) |  |  | 9,927 |
|  | 3,052 |  |  | (3,283) |  |  | 11,482 |
Deferred benefit (expense): |  |  |  |  |  |
Federal |  | 93,322 |  |  | (59,253) |  |  | 17,665 |
State and other |  | 39,218 |  |  | (40,867) |  |  | 683 |
|  | 132,540 |  |  | (100,120) |  |  | 18,348 |
Income tax benefit (expense) |  | $ | 135,592 |  |  | $ | (103,403) |  |  | $ | 29,830 |
Schedule of Effective Income Tax Rate Reconciliation | The income tax benefit (expense) attributable to continuing operations differs from the amount derived by applying the statutory federal rate to pre-tax income (loss) principally due to the effect of the following items:
|  | Years Ended June 30,
|  | 2024 |  | 2023 |  | 2022
Federal tax benefit (expense) at statutory federal rate |  | 75,648 |  |  | (57,840) |  |  | 35,213 |
State income taxes, net of federal benefit |  | 13,337 |  |  | (35,656) |  |  | 3,970 |
Change in the estimated applicable tax rate used to determine deferred taxes |  | 60,877 |  |  | (1,286) |  |  | 1,732 |
Change in valuation allowance |  | (29,189) |  |  | 2,053 |  |  | 2,200 |
Nondeductible officers’ compensation |  | (5,554) |  |  | (4,814) |  |  | (12,759) |
Nondeductible expenses |  | (1,564) |  |  | (291) |  |  | (172) |
Nontaxable gain on repayment of Term Loan |  | 13,757 |  |  | — |  |  | — |
Return to provision |  | 4,881 |  |  | (672) |  |  | — |
Excess tax benefit related to share-based payment awards |  | 974 |  |  | (4,678) |  |  | (320) |
Other |  | 2,425 |  |  | (219) |  |  | (34) |
Income tax benefit (expense) |  | $ | 135,592 |  |  | $ | (103,403) |  |  | $ | 29,830 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences which give rise to significant portions of the deferred tax assets and liabilities at June 30, 2024 and 2023 are as follows:
| As of
| June 30, 2024 |  | June 30, 2023
Deferred tax asset: |  |  |
Net operating loss (“NOL”) carryforwards | $ | 229,962 |  |  | $ | 26,684 |
Tax credit carryforwards | 631 |  |  | — |
Accrued employee benefits | 27,601 |  |  | 27,349 |
Restricted stock units and stock options | 6,897 |  |  | 9,231 |
Right-of-use lease assets and lease liabilities, net | 10,309 |  |  | 11,040 |
Investments | 7,941 |  |  | — |
Accrued litigation | 4,712 |  |  | 14,991 |
Other | 12,956 |  |  | 3,694 |
Total deferred tax assets | $ | 301,009 |  |  | $ | 92,989 |
Less valuation allowance | (29,219) |  |  | (30) |
Net deferred tax assets | $ | 271,790 |  |  | $ | 92,959 |
Deferred tax liabilities: |  |  |
Intangible and other assets | $ | (232,923) |  |  | $ | (264,800) |
Property and equipment | (235,676) |  |  | (105,405) |
Prepaid expenses | (2,913) |  |  | (5,870) |
Deferred interest | (25,447) |  |  | (12,474) |
Other investments | — |  |  | (83,962) |
Total deferred tax liabilities | $ | (496,959) |  |  | $ | (472,511) |
Deferred tax liabilities, net | $ | (225,169) |  |  | $ | (379,552) |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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