Sales of Receivables (Tables)

12 Months Ended

Jun. 30, 2026

Transfers and Servicing of Financial Assets [Abstract]

MARPA activity consists of the following (in thousands):


	As of and for the year ended June 30,
	2026		2025
Beginning balance	$	288,909	$	250,000
Sales of receivables	3,881,281		3,902,102
Cash collections	(3,836,657)		(3,863,193)
Outstanding balance sold to Purchaser (1)	333,533		288,909
Cash collected, not remitted to Purchaser (2)	(110,127)		(96,391)
Remaining sold receivables	$	223,406	$	192,518

______________________

(1)During fiscal 2026 and 2025, the Company recorded net operating cash inflows from sold receivables of $44.6 million and $38.9 million, respectively.

(2)This balance is included in other accrued expenses and current liabilities on the consolidated balance sheets.