v3.26.1
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2026
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 30,202620252024
Domestic$537,329 $437,971 $489,912 
Foreign316,559 343,432 272,410 
Total income before income taxes$853,888 $781,403 $762,322 
The components of income tax expense for continuing operations are as follows:
(in 000s)
Year ended June 30,202620252024
Current:
Federal$13,481 $143,298 $191,664 
State13,059 30,716 9,695 
Foreign49,108 21,689 18,240 
75,648 195,703 219,599 
Deferred:
Federal8,940 (52,659)(59,441)
State(386)(4,454)(11,749)
Foreign33,368 33,363 15,950 
41,922 (23,750)(55,240)
Total income tax expense (benefit):
Federal$22,421 $90,639 $132,223 
State12,673 26,262 (2,054)
Foreign82,476 55,052 34,190 
Total income taxes for continuing operations$117,570 $171,953 $164,359 
Schedule Of Effective Income Tax Rate Reconciliation
Year ended June 30,20252024
U.S. statutory tax rate21.0 %21.0 %
Change in tax rate resulting from:
State income taxes, net of federal income tax benefit1.3 %1.4 %
Earnings taxed in foreign jurisdictions(2.1)%(1.9)%
Permanent differences0.7 %0.7 %
Uncertain tax positions1.9 %(0.4)%
U.S. tax on income from foreign affiliates1.7 %4.1 %
Federal income tax credits(1.6)%(2.4)%
Foreign investment recapture— %2.6 %
Change in valuation allowance - domestic0.3 %— %
Change in valuation allowance - foreign— %(2.8)%
Other(1.2)%(0.7)%
Effective tax rate22.0 %21.6 %
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, 2026June 30, 2025
Deferred tax assets:
Deferred revenue19,165 33,435 
Allowance for credit losses26,485 30,098 
Deferred and stock-based compensation7,528 7,204 
Net operating loss carry-forward13,071 38,856 
Tax credit carry-forward8,513 6,569 
Lease liabilities151,596 130,911 
Federal tax benefits related to state unrecognized tax benefits26,172 31,061 
Internally developed software81,926 84,301 
Intangibles - intellectual property51,178 61,138 
Property and equipment8,973 1,873 
Other13,455 13,679 
Valuation allowance(19,789)(18,538)
Total deferred tax assets388,273 420,587 
Deferred tax liabilities:
Prepaid expenses and other(17,706)(20,396)
Lease right of use assets(148,278)(128,204)
Intangibles(36,100)(43,879)
Total deferred tax liabilities(202,084)(192,479)
Net deferred tax assets$186,189 $228,108 
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, 2026June 30, 2025
Deferred income tax assets$186,189 $228,108 
Deferred tax liabilities— — 
Net deferred tax asset$186,189 $228,108 
Summary of Valuation Allowance
Changes in our valuation allowance for fiscal years 2026, 2025 and 2024 are as follows:
(in 000s)
Year ended June 30,202620252024
Balance, beginning of the year$18,538 $16,569 $57,566 
Additions charged to costs and expenses1,960 4,166 4,584 
Deductions(709)(2,197)(45,581)
Balance, end of the year$19,789 $18,538 $16,569 
Schedule of Unrecognized Tax Benefits Roll Forward
Changes in unrecognized tax benefits for fiscal years 2026, 2025 and 2024 are as follows:
(in 000s)
Year ended June 30,202620252024
Balance, beginning of the year$266,548 $251,787 $240,063 
Additions based on tax positions related to prior years6,588 574 1,232 
Reductions based on tax positions related to prior years(6,803)— (4,604)
Additions based on tax positions related to the current year25,819 37,883 37,063 
Reductions based on tax positions related to the current year(5,419)— — 
Reductions related to the 2020 IRS examination closure(120,392)— — 
Reductions related to settlements with tax authorities(998)(379)(4,472)
Expiration of statute of limitations(29,182)(23,317)(17,495)
Balance, end of the year$136,161 $266,548 $251,787