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Income Taxes (Tables)

12 Months Ended

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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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

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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

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

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-Topic 740
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

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-Topic 740
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-Section 50
-Paragraph 12
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