v3.25.2
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule Of Components Of Income From Continuing Operations
The components of income from continuing operations upon which domestic and foreign income taxes have been provided are as follows:
(in 000s)
Year ended June 30,202520242023
Domestic$437,971 $489,912 $447,900 
Foreign343,432 272,410 263,312 
$781,403 $762,322 $711,212 
Schedule Of Effective Income Tax Rate Reconciliation
The reconciliation between the statutory U.S. federal tax rate and our effective tax rate from continuing operations is as follows:
Year ended June 30,202520242023
U.S. statutory tax rate21.0 %21.0 %21.0 %
Change in tax rate resulting from:
State income taxes, net of federal income tax benefit1.3 %1.4 %1.6 %
Earnings taxed in foreign jurisdictions(2.1)%(1.9)%(2.9)%
Permanent differences0.7 %0.7 %0.6 %
Uncertain tax positions1.9 %(0.4)%(0.9)%
U.S. tax on income from foreign affiliates1.7 %4.1 %3.1 %
Federal income tax credits(1.6)%(2.4)%(1.3)%
Foreign investment recapture— %2.6 %— %
Change in valuation allowance - domestic0.3 %— %(0.4)%
Change in valuation allowance - foreign— %(2.8)%0.7 %
Other(1.2)%(0.7)%(0.5)%
Effective tax rate22.0 %21.6 %21.0 %
Schedule Of Components Of Income Tax Expense (Benefit) For Continuing Operations The components of income tax expense for continuing operations are as follows:
(in 000s)
Year ended June 30,202520242023
Current:
Federal$143,298 $191,664 $97,430 
State30,716 9,695 19,023 
Foreign21,689 18,240 18,214 
195,703 219,599 134,667 
Deferred:
Federal(52,659)(59,441)23,367 
State(4,454)(11,749)1,860 
Foreign33,363 15,950 (10,482)
(23,750)(55,240)14,745 
Total income taxes for continuing operations$171,953 $164,359 $149,412 
Schedule Of Deferred Tax Assets And Liabilities
The significant components of deferred tax assets and liabilities are reflected in the following table:
(in 000s)
As ofJune 30, 2025June 30, 2024
Deferred tax assets:
Deferred revenue33,435 50,944 
Allowance for credit losses30,098 30,581 
Deferred and stock-based compensation7,204 8,060 
Net operating loss carry-forward38,856 63,398 
Lease liabilities130,911 117,483 
Federal tax benefits related to state unrecognized tax benefits31,061 26,841 
Internally developed software84,301 15,063 
Intangibles - intellectual property61,138 71,367 
Other22,121 6,056 
Valuation allowance(18,538)(16,569)
Total deferred tax assets420,587 373,224 
Deferred tax liabilities:
Prepaid expenses and other(20,396)(3,001)
Lease right of use assets(128,204)(115,128)
Intangibles(43,879)(51,398)
Total deferred tax liabilities(192,479)(169,527)
Net deferred tax assets$228,108 $203,697 
A reconciliation of the deferred tax assets and liabilities and the corresponding amounts reported in the consolidated balance sheets is as follows:
(in 000s)
As ofJune 30, 2025June 30, 2024
Deferred income tax assets$228,108 $203,697 
Deferred tax liabilities— — 
Net deferred tax asset$228,108 $203,697 
Summary of Valuation Allowance
Changes in our valuation allowance for fiscal years 2025, 2024 and 2023 are as follows:
(in 000s)
Year ended June 30,202520242023
Balance, beginning of the year$16,569 $57,566 $55,172 
Additions charged to costs and expenses4,166 4,584 6,438 
Deductions(2,197)(45,581)(4,044)
Balance, end of the year$18,538 $16,569 $57,566 
Schedule of Unrecognized Tax Benefits Roll Forward
Changes in unrecognized tax benefits for fiscal years 2025, 2024 and 2023 are as follows:
(in 000s)
Year ended June 30,202520242023
Balance, beginning of the year$251,787 $240,063 $232,004 
Additions based on tax positions related to prior years574 1,232 1,252 
Reductions based on tax positions related to prior years— (4,604)— 
Additions based on tax positions related to the current year37,883 37,063 33,330 
Reductions related to settlements with tax authorities(379)(4,472)(661)
Expiration of statute of limitations(23,317)(17,495)(25,862)
Balance, end of the year$266,548 $251,787 $240,063