v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES:      
Net income $ 66,186 $ 37,431 $ 144,300
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 56,069 57,768 53,876
Impairment of long-lived assets 13,782 11,202 0
Share-based compensation expense, net 32,439 27,694 31,168
Amortization of deferred financing costs 2,022 3,342 3,351
Deferred income tax expense (benefit) 138 14,840 (92,197)
Loss on extinguishment of debt 0 6,132 0
Other non-cash adjustments (2) 762 2,286
Change in assets and liabilities:      
Accounts receivable, net (22,077) 9,589 (13,940)
Related party receivables and payables, net 34,503 (23,694) 47,222
Prepaid expenses and other current and non-current assets (51,625) (42,826) (44,195)
Accounts payable 14,673 (14,492) 10,105
Accrued and other current and non-current liabilities 125,950 (32,645) (65,835)
Deferred revenue 54,529 20,448 (10,274)
Operating lease right-of-use assets and lease liabilities 24,848 39,746 45,399
Net cash provided by operating activities 351,435 115,297 111,266
INVESTING ACTIVITIES      
Capital expenditures (28,343) (22,222) (24,181)
Proceeds from sale of investments 0 55 28,465
Loan to related parties 0 0 (65,000)
Other investing activities (1,443) (1,526) (1,655)
Net cash used in investing activities (29,786) (23,693) (62,371)
FINANCING ACTIVITIES      
Proceeds from issuance of loans 0 609,375 0
Proceeds from revolving credit facilities 35,000 55,000 73,000
Principal repayments on long-term debt (65,469) (680,626) (106,350)
Repurchases of Class A common stock (25,000) (39,692) (50,874)
Taxes paid in lieu of shares issued for equity-based compensation (15,772) (16,277) (14,534)
Payments for debt financing costs 0 (9,348) (633)
Other financing activities 212 (53) (304)
Net cash used in financing activities (71,029) (81,621) (99,695)
Net increase (decrease) in cash, cash equivalents and restricted cash 250,620 9,983 (50,800)
Cash, cash equivalents and restricted cash, beginning of period 43,538 33,555 84,355
Cash, cash equivalents and restricted cash, end of period 294,158 43,538 33,555
Non-cash investing and financing activities:      
Capital expenditures incurred but not yet paid or paid by landlord 86 23,693 34,765
Non-cash financing activities 0 (148) 0
Non-cash stock repurchases in lieu of payment of loan due from related party $ 0 $ 0 $ 65,512