Long-term Debt (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Debt Disclosure [Abstract] |
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| Schedule of Long-term Debt |
The following table summarizes the carrying amounts and terms of our long-term debt as of the dates presented (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | June 30, 2025 | | | Maturity date | | Stated interest rate | | Effective interest rate | | Outstanding balance | | Outstanding balance | | Revolving Facility | | November 2030 | | 5.18% | | 5.18% | | $ | 660,000 | | | $ | 124,500 | | | Term Loan | | November 2030 | | 4.87% | | 4.94% | | 1,234,375 | | | 1,071,875 | | | Term Loan B | | October 2031 | | 5.39% | | 5.63% | | 738,750 | | | 746,250 | | | Term Loan B-2 | | March 2033 | | 5.39% | | 5.60% | | 798,000 | | | — | | | 2033 Notes | | June 2033 | | 6.38% | | 6.58% | | 1,000,000 | | | 1,000,000 | | | 2033 Notes-2 | | June 2033 | | 6.38% | | 6.10% | | 500,000 | | | — | | | Principal amount of long-term debt | | | | | | | | 4,931,125 | | | 2,942,625 | | | Less unamortized debt discount, premium, and issuance costs | | | | | | | | (29,616) | | | (24,685) | | | Total long-term debt | | | | | | | | 4,901,509 | | | 2,917,940 | | | Less current portion | | | | | | | | (46,750) | | | (68,750) | | | Long-term debt, net of current portion | | | | | | | | $ | 4,854,759 | | | $ | 2,849,190 | |
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| Schedule of Aggregate Maturities of Long-Term Debt |
The aggregate maturities of long-term debt as of June 30, 2026 are as follows (in thousands): | | | | | | | Fiscal year ending June 30, | | | 2027 | $ | 46,750 | | | 2028 | 62,375 | | | 2029 | 78,000 | | | 2030 | 78,000 | | | 2031 | 1,706,750 | | | Thereafter | 2,959,250 | | | Principal amount of long-term debt | $ | 4,931,125 | |
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| Schedule of Interest Rate Swap Cash Flow Hedges |
The Company’s interest rate swap cash flow hedges receive variable rate one-month term SOFR, and they consist of (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 | | Effective date | | Notional amount | | Paid fixed rate | | Maturity date | | July 2019 | | $ | 100,000 | | | 2.20% | | July 2026 | | July 2022 | | 50,000 | | | 1.69% | | July 2027 | | October 2022 | | 50,000 | | | 1.98% | | October 2027 | | October 2022 | | 50,000 | | | 2.74% | | October 2028 | | January 2023 | | 50,000 | | | 1.80% | | January 2027 | | January 2023 | | 50,000 | | | 2.14% | | January 2027 | | January 2023 | | 50,000 | | | 2.04% | | January 2028 | | April 2023 | | 200,000 | | | 3.71% | | April 2027 | | April 2023 | | 100,000 | | | 3.67% | | April 2028 | | May 2026 | | 300,000 | | | 3.79% | | May 2028 | | May 2026 | | 200,000 | | | 3.80% | | May 2029 | | May 2026 | | 300,000 | | | 3.81% | | May 2030 | | Total notional amount | | $ | 1,500,000 | | | | | |
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| Schedule of Cash Flow Hedges |
The effect of the cash flow hedges on other comprehensive income (loss) and earnings for the periods presented was as follows (in thousands): | | | | | | | | | | | | | | | | | | | Year ended June 30, | | 2026 | | 2025 | | 2024 | | Gain (loss) recognized in other comprehensive income before reclassifications | $ | 8,428 | | | $ | (7,202) | | | $ | 17,417 | | Amounts reclassified from AOCL to earnings (1) | (8,209) | | | (17,570) | | | (27,390) | | | Other comprehensive income (loss) | $ | 219 | | | $ | (24,772) | | | $ | (9,973) | |
______________________ (1)Amounts reclassified from AOCL are included in interest expense and other, net on the consolidated statements of operations.
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