CACI International (CACI) 10-Q 24 Apr 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2024	Apr. 11, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-31400
Entity Registrant Name	CACI International Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	54-1345888
Entity Address, Address Line One	12021 Sunset Hills Road
Entity Address, City or Town	Reston
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	20190
City Area Code	703
Local Phone Number	841-7800
Title of 12(b) Security	Common Stock
Trading Symbol	CACI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		22,296,410
Entity Central Index Key	0000016058
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 1,937,456	$ 1,744,270	$ 5,621,537	$ 4,999,445
Costs of revenues:
Direct costs	1,290,903	1,143,781	3,819,072	3,293,867
Indirect costs and selling expenses	430,134	410,235	1,244,122	1,180,619
Depreciation and amortization	35,115	35,220	106,385	106,255
Total costs of revenues	1,756,152	1,589,236	5,169,579	4,580,741
Income from operations	181,304	155,034	451,958	418,704
Interest expense and other, net	27,668	23,570	80,758	59,705
Income before income taxes	153,636	131,464	371,200	358,999
Income taxes	38,286	30,722	85,933	82,031
Net income	$ 115,350	$ 100,742	$ 285,267	$ 276,968
Basic earnings per share (in dollars per shares)	$ 5.17	$ 4.37	$ 12.73	$ 11.87
Diluted earnings per share (in dollars per shares)	$ 5.13	$ 4.33	$ 12.63	$ 11.76
Weighted-average basic shares outstanding (in shares)	22,292	23,055	22,407	23,329
Weighted-average diluted shares outstanding (in shares)	22,478	23,277	22,593	23,546

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 115,350	$ 100,742	$ 285,267	$ 276,968
Other comprehensive income (loss):
Foreign currency translation adjustment	(3,500)	4,025	(1,255)	3,659
Change in fair value of interest rate swap agreements, net of tax	7,373	(10,001)	(6,417)	4,012
Total other comprehensive income (loss), net of tax	3,873	(5,976)	(7,672)	7,671
Comprehensive income	$ 119,223	$ 94,766	$ 277,595	$ 284,639

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 159,226	$ 115,776
Accounts receivable, net	1,013,677	894,946
Prepaid expenses and other current assets	220,623	199,315
Total current assets	1,393,526	1,210,037
Goodwill	4,138,450	4,084,705
Intangible assets, net	490,004	507,835
Property, plant and equipment, net	188,226	199,519
Operating lease right-of-use assets	303,926	312,989
Supplemental retirement savings plan assets	98,962	96,739
Accounts receivable, long-term	12,557	11,857
Other long-term assets	178,733	177,127
Total assets	6,804,384	6,600,808
Current liabilities:
Current portion of long-term debt	61,250	45,938
Accounts payable	363,451	198,177
Accrued compensation and benefits	257,485	372,354
Other accrued expenses and current liabilities	402,656	377,502
Total current liabilities	1,084,842	993,971
Long-term debt, net of current portion	1,631,150	1,650,443
Supplemental retirement savings plan obligations, net of current portion	112,455	104,912
Deferred income taxes	36,616	120,545
Operating lease liabilities, noncurrent	321,324	329,432
Other long-term liabilities	252,633	177,171
Total liabilities	3,439,020	3,376,474
COMMITMENTS AND CONTINGENCIES (NOTE 9)
Shareholders’ equity:
Preferred stock $0.10 par value, 10,000 shares authorized, no shares issued or outstanding	0	0
Common stock $0.10 par value, 80,000 shares authorized; 43,037 shares issued and 22,296 outstanding at March 31, 2024 and 42,923 shares issued and 22,797 outstanding at June 30, 2023	4,304	4,292
Additional paid-in capital	613,090	546,334
Retained earnings	4,225,883	3,940,616
Accumulated other comprehensive loss	(12,723)	(5,051)
Treasury stock, at cost (20,740 and 20,126 shares, respectively)	(1,465,325)	(1,261,992)
Total CACI shareholders’ equity	3,365,229	3,224,199
Noncontrolling interest	135	135
Total shareholders’ equity	3,365,364	3,224,334
Total liabilities and shareholders’ equity	$ 6,804,384	$ 6,600,808

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2024	Jun. 30, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	80,000,000	80,000,000
Common stock, shares issued (in shares)	43,037,000	42,923,000
Common stock, shares outstanding (in shares)	22,296,000	22,797,000
Treasury stock, shares at cost (in shares)	20,740,000	20,126,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 285,267	$ 276,968
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	106,385	106,255
Amortization of deferred financing costs	1,644	1,688
Non-cash lease expense	50,765	52,293
Stock-based compensation expense	35,016	30,564
Deferred income taxes	(36,231)	(84,794)
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable, net	(109,617)	(80,116)
Prepaid expenses and other assets	(24,254)	(42,137)
Accounts payable and other accrued expenses	179,922	62,116
Accrued compensation and benefits	(117,580)	(62,522)
Income taxes payable and receivable	2,483	28,825
Operating lease liabilities	(55,111)	(58,667)
Long-term liabilities	21,434	5,481
Net cash provided by operating activities	340,123	235,954
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(41,091)	(40,844)
Acquisitions of businesses, net of cash acquired	(81,577)	0
Other	1,974	1,626
Net cash used in investing activities	(120,694)	(39,218)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under bank credit facilities	2,421,000	2,384,000
Principal payments made under bank credit facilities	(2,426,625)	(2,314,969)
Proceeds from employee stock purchase plans	8,374	7,638
Repurchases of common stock	(158,426)	(270,449)
Payment of taxes for equity transactions	(19,945)	(14,115)
Net cash used in financing activities	(175,622)	(207,895)
Effect of exchange rate changes on cash and cash equivalents	(357)	3,144
Net change in cash and cash equivalents	43,450	(8,015)
Cash and cash equivalents, beginning of period	115,776	114,804
Cash and cash equivalents, end of period	159,226	106,789
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for income taxes, net of refunds	101,965	131,114
Cash paid during the period for interest	71,089	47,941
Non-cash financing and investing activities:
Accrued capital expenditures	1,000	4,803
Landlord sponsored tenant incentives	$ 9,183	$ 3,883

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Total CACI Shareholders’ Equity	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interest
Beginning balance (in shares) at Jun. 30, 2022			42,820,000
Beginning balance at Jun. 30, 2022	$ 3,053,543	$ 3,053,408	$ 4,282	$ 571,650	$ 3,555,881	$ (31,076)	$ (1,047,329)	$ 135
Beginning balance (in shares) at Jun. 30, 2022							19,404,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	276,968	276,968			276,968
Stock-based compensation expense	30,564	30,564		30,564
Tax withholdings on restricted share vestings (in shares)			99,000
Tax withholdings on restricted share vestings	(14,081)	(14,081)	$ 10	(14,091)
Other comprehensive (loss) income, net of tax	7,671	7,671				7,671
Repurchases of common stock	(272,401)	(272,401)		(50,414)			$ (221,987)
Repurchases of common stock (in shares)							750,000
Treasury stock issued under stock purchase plans	7,376	7,376		64			$ 7,312
Treasury stock issued under stock purchase plans (in shares)							(28,000)
Ending balance (in shares) at Mar. 31, 2023			42,919,000
Ending balance at Mar. 31, 2023	3,089,640	3,089,505	$ 4,292	537,773	3,832,849	(23,405)	$ (1,262,004)	135
Ending balance (in shares) at Mar. 31, 2023							20,126,000
Beginning balance (in shares) at Dec. 31, 2022			42,911,000
Beginning balance at Dec. 31, 2022	3,250,246	3,250,111	$ 4,291	578,470	3,732,107	(17,429)	$ (1,047,328)	135
Beginning balance (in shares) at Dec. 31, 2022							19,404,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	100,742	100,742			100,742
Stock-based compensation expense	10,368	10,368		10,368
Tax withholdings on restricted share vestings (in shares)			8,000
Tax withholdings on restricted share vestings	(975)	(975)	$ 1	(976)
Other comprehensive (loss) income, net of tax	(5,976)	(5,976)				(5,976)
Repurchases of common stock	(267,115)	(267,115)		(50,089)			$ (217,026)
Repurchases of common stock (in shares)							731,000
Treasury stock issued under stock purchase plans	2,350	2,350		0			$ 2,350
Treasury stock issued under stock purchase plans (in shares)							(9,000)
Ending balance (in shares) at Mar. 31, 2023			42,919,000
Ending balance at Mar. 31, 2023	$ 3,089,640	3,089,505	$ 4,292	537,773	3,832,849	(23,405)	$ (1,262,004)	135
Ending balance (in shares) at Mar. 31, 2023							20,126,000
Beginning balance (in shares) at Jun. 30, 2023	42,923,000		42,923,000
Beginning balance at Jun. 30, 2023	$ 3,224,334	3,224,199	$ 4,292	546,334	3,940,616	(5,051)	$ (1,261,992)	135
Beginning balance (in shares) at Jun. 30, 2023	20,126,000						20,126,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 285,267	285,267			285,267
Stock-based compensation expense	35,016	35,016		35,016
Tax withholdings on restricted share vestings (in shares)			114,000
Tax withholdings on restricted share vestings	(19,710)	(19,710)	$ 12	(19,722)
Other comprehensive (loss) income, net of tax	(7,672)	(7,672)				(7,672)
Repurchases of common stock	(160,071)	(160,071)		51,097			$ (211,168)
Repurchases of common stock (in shares)							641,000
Treasury stock issued under stock purchase plans	$ 8,200	8,200		365			$ 7,835
Treasury stock issued under stock purchase plans (in shares)							(27,000)
Ending balance (in shares) at Mar. 31, 2024	43,037,000		43,037,000
Ending balance at Mar. 31, 2024	$ 3,365,364	3,365,229	$ 4,304	613,090	4,225,883	(12,723)	$ (1,465,325)	135
Ending balance (in shares) at Mar. 31, 2024	20,740,000						20,740,000
Beginning balance (in shares) at Dec. 31, 2023			43,027,000
Beginning balance at Dec. 31, 2023	$ 3,235,624	3,235,489	$ 4,303	602,613	4,110,533	(16,596)	$ (1,465,364)	135
Beginning balance (in shares) at Dec. 31, 2023							20,742,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	115,350	115,350			115,350
Stock-based compensation expense	12,067	12,067		12,067
Tax withholdings on restricted share vestings (in shares)			10,000
Tax withholdings on restricted share vestings	(1,782)	(1,782)	$ 1	(1,783)
Other comprehensive (loss) income, net of tax	3,873	3,873				3,873
Repurchases of common stock	(2,626)	(2,626)		(134)			$ (2,492)
Repurchases of common stock (in shares)							8,000
Treasury stock issued under stock purchase plans	$ 2,858	2,858		327			$ 2,531
Treasury stock issued under stock purchase plans (in shares)							(10,000)
Ending balance (in shares) at Mar. 31, 2024	43,037,000		43,037,000
Ending balance at Mar. 31, 2024	$ 3,365,364	$ 3,365,229	$ 4,304	$ 613,090	$ 4,225,883	$ (12,723)	$ (1,465,325)	$ 135
Ending balance (in shares) at Mar. 31, 2024	20,740,000						20,740,000

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of CACI International Inc and subsidiaries (CACI or the Company) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and include the assets, liabilities, results of operations, comprehensive income and cash flows for the Company, including its subsidiaries and ventures that are majority-owned or otherwise controlled by the Company. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. All intercompany balances and transactions have been eliminated in consolidation. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and amounts included in other current assets and current liabilities that meet the definition of a financial instrument approximate fair value because of the short-term nature of these amounts. The fair value of the Company’s debt outstanding as of March 31, 2024 under its bank credit facility approximates its carrying value. The fair value of the Company’s debt under its bank credit facility was estimated using Level 2 inputs based on market data of companies with a corporate rating similar to CACI’s that have recently priced credit facilities. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments and reclassifications (all of which are of a normal, recurring nature) that are necessary for the fair presentation of the periods presented. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s latest annual report to the SEC on Form 10-K for the year ended June 30, 2023. The results of operations for the three and nine months ended March 31, 2024 are not necessarily indicative of the results to be expected for any subsequent interim period or for the full fiscal year.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Mar. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Updates Issued but Not Yet Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Improvements to Reportable Segment Disclosures , which requires disclosure of significant segment expenses and other segment items in annual and interim periods. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements. We are currently evaluating the impacts of the new standard. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , which requires disaggregated information about an entity’s effective tax rate reconciliation as well as information on income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, and should be applied prospectively. Retrospective application is permitted. We are currently evaluating the impacts of the new standard. Accounting Standards Updates Adopted There have been no recently adopted accounting pronouncements that are material to the Company's consolidated financial statements.

Acquisition

Acquisition	9 Months Ended
	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Acquisition	Acquisition During the third quarter of fiscal 2024, CACI completed the acquisition of a company specializing in modern human capital management, business systems, and mission solutions for the intelligence community. The purchase consideration was approximately $67.2 million, net of cash acquired, which includes initial cash payments and deferred consideration. The Company preliminarily recognized fair values of the assets acquired and liabilities assumed and allocated $34.6 million to goodwill and $33.7 million to intangible assets. At March 31, 2024, the Company had not finalized the determination of fair values allocated to assets and liabilities. During the second quarter of fiscal 2024, CACI Limited completed the acquisition of a digital transformation business in the United Kingdom that provides user experience, software development and digital optimization expertise to government and commercial organizations. The purchase consideration was approximately $25.2 million, net of cash acquired, which includes initial cash payments, deferred consideration, and estimated contingent consideration. The Company preliminarily recognized fair values of the assets acquired and liabilities assumed and allocated $19.9 million to goodwill and $3.6 million to intangible assets. At March 31, 2024, the Company had not finalized the determination of fair values allocated to assets and liabilities.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill for the nine months ended March 31, 2024 are as follows (in thousands): Domestic International Total Balance at June 30, 2023 $ 3,940,064 $ 144,641 $ 4,084,705 Goodwill acquired (1) 34,596 19,238 53,834 Foreign currency translation (318) 229 (89) Balance at March 31, 2024 $ 3,974,342 $ 164,108 $ 4,138,450 __________________________________________________ (1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable. The final purchase price allocations for our fiscal 2024 and 2023 acquisitions remain open as of March 31, 2024. There were no impairments of goodwill during the periods presented. Intangible Assets Intangible assets consisted of the following (in thousands): March 31, 2024 June 30, 2023 Gross carrying value Accumulated Net carrying Gross carrying Accumulated Net carrying Customer contracts and related customer relationships $ 692,925 $ (342,974) $ 349,951 $ 655,877 $ (313,745) $ 342,132 Acquired technologies 271,282 (131,229) 140,053 277,180 (111,477) 165,703 Total intangible assets $ 964,207 $ (474,203) $ 490,004 $ 933,057 $ (425,222) $ 507,835 Amortization expense related to intangible assets was $18.4 million and $55.1 million for the three and nine months ended March 31, 2024, respectively, and $18.6 million and $56.8 million for the three and nine months ended March 31, 2023, respectively.

Revenues and Contract Balances

Revenues and Contract Balances	9 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenues and Contract Balances	Revenues and Contract Balances Disaggregation of Revenues The Company disaggregates revenues by contract type, customer type, prime vs. subcontractor, and whether the solution provided is primarily Expertise or Technology. These categories represent how the nature, amount, timing, and uncertainty of revenues and cash flows are affected. Disaggregated revenues by contract type were as follows (in thousands): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Domestic International Total Domestic International Total Cost-plus-fee $ 1,174,219 $ — $ 1,174,219 $ 3,411,128 $ — $ 3,411,128 Fixed-price 484,980 36,007 520,987 1,437,282 105,326 1,542,608 Time-and-materials 218,787 23,463 242,250 604,752 63,049 667,801 Total $ 1,877,986 $ 59,470 $ 1,937,456 $ 5,453,162 $ 168,375 $ 5,621,537 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Domestic International Total Domestic International Total Cost-plus-fee $ 1,008,688 $ — $ 1,008,688 $ 2,896,778 $ — $ 2,896,778 Fixed-price 494,095 35,691 529,786 1,420,858 100,057 1,520,915 Time-and-materials 191,696 14,100 205,796 540,913 40,839 581,752 Total $ 1,694,479 $ 49,791 $ 1,744,270 $ 4,858,549 $ 140,896 $ 4,999,445 Disaggregated revenues by customer type were as follows (in thousands): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Domestic International Total Domestic International Total Department of Defense $ 1,452,264 $ — $ 1,452,264 $ 4,163,079 $ — $ 4,163,079 Federal civilian agencies 381,214 — 381,214 1,178,500 — 1,178,500 Commercial and other 44,508 59,470 103,978 111,583 168,375 279,958 Total $ 1,877,986 $ 59,470 $ 1,937,456 $ 5,453,162 $ 168,375 $ 5,621,537 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Domestic International Total Domestic International Total Department of Defense $ 1,298,700 $ — $ 1,298,700 $ 3,554,080 $ — $ 3,554,080 Federal civilian agencies 355,612 — 355,612 1,179,467 — 1,179,467 Commercial and other 40,167 49,791 89,958 125,002 140,896 265,898 Total $ 1,694,479 $ 49,791 $ 1,744,270 $ 4,858,549 $ 140,896 $ 4,999,445 Disaggregated revenues by prime vs. subcontractor were as follows (in thousands): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Domestic International Total Domestic International Total Prime contractor $ 1,689,140 $ 52,637 $ 1,741,777 $ 4,878,820 $ 148,696 $ 5,027,516 Subcontractor 188,846 6,833 195,679 574,342 19,679 594,021 Total $ 1,877,986 $ 59,470 $ 1,937,456 $ 5,453,162 $ 168,375 $ 5,621,537 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Domestic International Total Domestic International Total Prime contractor $ 1,511,758 $ 44,975 $ 1,556,733 $ 4,339,579 $ 128,303 $ 4,467,882 Subcontractor 182,721 4,816 187,537 518,970 12,593 531,563 Total $ 1,694,479 $ 49,791 $ 1,744,270 $ 4,858,549 $ 140,896 $ 4,999,445 Disaggregated revenues by expertise or technology were as follows (in thousands): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Domestic International Total Domestic International Total Expertise $ 895,791 $ 21,164 $ 916,955 $ 2,583,634 $ 60,956 $ 2,644,590 Technology 982,195 38,306 1,020,501 2,869,528 107,419 2,976,947 Total $ 1,877,986 $ 59,470 $ 1,937,456 $ 5,453,162 $ 168,375 $ 5,621,537 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Domestic International Total Domestic International Total Expertise $ 793,993 $ 18,307 $ 812,300 $ 2,237,146 $ 50,977 $ 2,288,123 Technology 900,486 31,484 931,970 2,621,403 89,919 2,711,322 Total $ 1,694,479 $ 49,791 $ 1,744,270 $ 4,858,549 $ 140,896 $ 4,999,445 Changes in Estimates Aggregate net changes in estimates for the three and nine months ended March 31, 2024 reflected an increase to income before income taxes of $7.5 million ($0.25 per diluted share) and $24.5 million ($0.81 per diluted share), respectively, compared with $5.3 million ($0.17 per diluted share) and $16.8 million ($0.53 per diluted share), for the three and nine months ended March 31, 2023. The Company uses its statutory tax rate when calculating the impact to diluted earnings per share. Revenues recognized from previously satisfied performance obligations were not material for the three and nine months ended March 31, 2024 and 2023, respectively. The change in revenues recognized from previously satisfied performance obligations generally relates to final true-up adjustments for estimated award or incentive fees in the period in which the customer’s final performance score was received or when it can be determined that more objective, contractually-defined criteria have been fully satisfied. Remaining Performance Obligations As of March 31, 2024, the Company had $9.7 billion of remaining performance obligations and expects to recognize approximately 46% and 67% as revenue over the next 12 and 24 months, respectively, with the remainder to be recognized thereafter. Contract Balances Contract balances consisted of the following (in thousands): Description of Contract Related Balance Financial Statement Classification March 31, 2024 June 30, 2023 Billed and billable receivables Accounts receivable, net $ 838,927 $ 763,547 Contract assets – current unbilled receivables Accounts receivable, net 174,750 131,399 Contract assets – current costs to obtain Prepaid expenses and other current assets 5,898 5,163 Contract assets – noncurrent unbilled receivables Accounts receivable, long-term 12,557 11,857 Contract assets – noncurrent costs to obtain Other long-term assets 11,296 8,294 Contract liabilities – current deferred revenue and other contract liabilities Other accrued expenses and current liabilities (134,355) (138,469) Contract liabilities – noncurrent deferred revenue and other contract liabilities Other long-term liabilities (2,999) (5,522) During the three and nine months ended March 31, 2024, we recognized $23.0 million and $117.4 million of revenues, respectively, compared with $10.8 million and $81.8 million of revenues for the three and nine months ended March 31, 2023, that was included in a previously recorded contract liability as of the beginning of the period.

Inventories

Inventories	9 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in thousands): March 31, 2024 June 30, 2023 Materials, purchased parts and supplies $ 84,632 $ 78,691 Work in process 15,002 21,894 Finished goods 33,051 30,006 Total $ 132,685 $ 130,591 Inventories are stated at the lower of cost (average cost or first-in, first-out) or net realizable value and are included in prepaid expenses and other current assets on the accompanying consolidated balance sheets.

Sales of Receivables

Sales of Receivables	9 Months Ended
	Mar. 31, 2024
Transfers and Servicing of Financial Assets [Abstract]
Sales of Receivables	Sales of Receivables On December 20, 2023, the Company amended its Master Accounts Receivable Purchase Agreement (MARPA) with MUFG Bank, Ltd. (Purchaser), for the sale of certain designated eligible U.S. government receivables. The amendment extended the term of the MARPA to December 20, 2024. Under the MARPA, the Company can sell eligible receivables, including certain billed and unbilled receivables up to a maximum amount of $250.0 million. The Company’s receivables are sold under the MARPA without recourse for any U.S. government credit risk. The Company accounts for receivable transfers under the MARPA as sales under ASC 860, Transfers and Servicing , and derecognizes the sold receivables from its balance sheets. The fair value of the sold receivables approximated their book value due to their short-term nature. The Company does not retain an ongoing financial interest in the transferred receivables other than cash collection and administrative services. The Company estimated that its servicing fee was at fair value and therefore no servicing asset or liability related to these receivables was recognized as of March 31, 2024. Proceeds from the sold receivables are reflected in operating cash flows on the statement of cash flows. MARPA activity consisted of the following (in thousands): As of and for the 2024 2023 Beginning balance: $ 200,000 $ 157,785 Sales of receivables 2,423,064 2,150,891 Cash collections (2,373,064) (2,135,986) Outstanding balance sold to Purchaser: (1) 250,000 172,690 Cash collected, not remitted to Purchaser (2) (85,120) (47,680) Remaining sold receivables $ 164,880 $ 125,010 __________________________________________________ (1) For the nine months ended March 31, 2024 and 2023, the Company recorded a net cash inflow of $50.0 million and a net cash inflow of $14.9 million in its cash flows from operating activities, respectively, from sold receivables. MARPA cash flows are calculated as the change in the outstanding balance during the fiscal year. (2) Includes the cash collected on behalf of but not yet remitted to Purchaser as of March 31, 2024 and 2023. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.

Debt

Debt	9 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt Long-term debt consisted of the following (in thousands): March 31, 2024 June 30, 2023 Bank credit facility – term loans $ 1,148,438 $ 1,179,063 Bank credit facility – revolver loans 550,000 525,000 Principal amount of long-term debt 1,698,438 1,704,063 Less unamortized discounts and debt issuance costs (6,038) (7,682) Total long-term debt 1,692,400 1,696,381 Less current portion (61,250) (45,938) Long-term debt, net of current portion $ 1,631,150 $ 1,650,443 Bank Credit Facility On December 13, 2021, the Company amended its credit facility (the Credit Facility) primarily to extend the maturity date, increase borrowing capacity, and improve pricing. As amended, the Company’s $3,200.0 million Credit Facility consists of a $1,975.0 million revolving credit facility (the Revolving Facility) and a $1,225.0 million term loan (the Term Loan). The Revolving Facility has subfacilities of $100.0 million for same-day swing line loan borrowings and $25.0 million for stand-by letters of credit. The Revolving Facility is a secured facility that permits continuously renewable borrowings of up to $1,975.0 million. As of March 31, 2024, the Company had $550.0 million outstanding under the Revolving Facility and no borrowings on the swing line. The Company pays a quarterly facility fee for the unused portion of the Revolving Facility. The Term Loan is a five-year secured facility under which principal payments are due in quarterly installments of $7.7 million through December 31, 2023 and $15.3 million thereafter until the balance is due in full on December 13, 2026. As of March 31, 2024, the Company had $1,148.4 million outstanding under the Term Loan. The interest rates applicable to loans under the Credit Facility are floating interest rates that, at the Company’s option, equal a base rate or a Secured Overnight Financing Rate (SOFR) rate plus, in each case, an applicable margin based upon the Company’s consolidated total net leverage ratio. As of March 31, 2024, the effective interest rate, including the impact of the Company’s floating-to-fixed interest rate swap agreements and excluding the effect of amortization of debt financing costs, for the outstanding borrowings under the Credit Facility was 4.83%. The Credit Facility requires the Company to comply with certain financial covenants, including a maximum total leverage ratio and a minimum interest coverage ratio. The Credit Facility also includes customary negative covenants restricting or limiting the Company’s ability to guarantee or incur additional indebtedness, grant liens or other security interests to third parties, make loans or investments, transfer assets, declare dividends or redeem or repurchase capital stock or make other distributions, prepay subordinated indebtedness and engage in mergers, acquisitions or other business combinations, in each case except as expressly permitted under the Credit Facility. As of March 31, 2024, the Company was in compliance with all of the financial covenants. A majority of the Company’s assets serve as collateral under the Credit Facility. All debt issuance costs are being amortized from the date incurred to the expiration date of the Credit Facility. Cash Flow Hedges The Company periodically uses derivative financial instruments as part of a strategy to manage exposure to market risks associated with interest rate fluctuations. The Company has entered into several floating-to-fixed interest rate swap agreements for an aggregate notional amount of $1,100.0 million which hedge a portion of the Company’s floating rate indebtedness. The swaps mature at various dates through 2028. The Company has designated the swaps as cash flow hedges. Unrealized gains are recognized as assets while unrealized losses are recognized as liabilities. The interest rate swap agreements are highly correlated to the changes in interest rates to which the Company is exposed. Realized gains and losses in connection with each required interest payment are reclassified from accumulated other comprehensive income or loss to interest expense. The Company does not hold or issue derivative financial instruments for trading purposes. The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the three and nine months ended March 31, 2024 and 2023 is as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Gain (loss) recognized in other comprehensive income $ 14,252 $ (5,906) $ 14,130 $ 10,584 Amounts reclassified to earnings from accumulated other comprehensive loss (6,879) (4,095) (20,547) (6,572) Net current period other comprehensive income (loss) $ 7,373 $ (10,001) $ (6,417) $ 4,012

Legal Proceedings and Other Com

Legal Proceedings and Other Commitments and Contingencies	9 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings and Other Commitments and Contingencies	Legal Proceedings and Other Commitments and Contingencies Legal Proceedings The Company is involved in various claims, lawsuits, and administrative proceedings arising in the normal course of business, none of which, based on current information, are expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows. Government Contracting Payments to the Company on cost-plus-fee and time-and-materials contracts are subject to adjustment upon audit by the Defense Contract Audit Agency (DCAA) and other government agencies that do not utilize DCAA’s services. The DCAA has completed audits of the Company’s annual incurred cost proposals through fiscal year 2022. The Company is still negotiating the results of prior years’ audits with the respective cognizant contracting officers and believes its reserves for such are adequate. Adjustments that may result from these audits and the audits not yet started are not expected to have a material effect on the Company’s financial position, results of operations, or cash flows and the Company has accrued its best estimate of potential disallowances. Additionally, the DCAA continually reviews the cost accounting and other practices of government contractors, including the Company. In the course of those reviews, cost accounting and other issues may be identified, discussed and settled.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Earnings per share and the weighted-average number of diluted shares are computed as follows (in thousands, except per share data): Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Net income $ 115,350 $ 100,742 $ 285,267 $ 276,968 Weighted-average number of basic shares outstanding during the period 22,292 23,055 22,407 23,329 Dilutive effect of RSUs after application of treasury stock method 186 222 186 217 Weighted-average number of diluted shares outstanding during the period 22,478 23,277 22,593 23,546 Basic earnings per share $ 5.17 $ 4.37 $ 12.73 $ 11.87 Diluted earnings per share $ 5.13 $ 4.33 $ 12.63 $ 11.76 Share Repurchases On January 26, 2023, the Company’s Board of Directors authorized a share repurchase program of up to $750.0 million of the Company’s common stock (the "2023 Repurchase Program"). On January 30, 2023, CACI entered into an Accelerated Share Repurchase (ASR) Agreement with Citibank, N.A (Citibank). Under the ASR Agreement, we paid $250.0 million to Citibank and received an initial delivery of approximately 0.7 million shares of our common stock, which became treasury shares. On August 4, 2023, the ASR was completed and an additional 0.1 million shares of common stock were received which became treasury shares. In total, 0.8 million shares were repurchased at an average price per share of $303.57. In addition to the ASR, during the nine months ended March 31, 2024, CACI repurchased 0.5 million shares of its outstanding common stock for $150.0 million on the open market at an average share price of $318.99 including commissions paid. The total remaining authorization for future common share repurchases under the 2023 Repurchase Program was $337.3 million as of March 31, 2024.

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is subject to income taxes in the U.S. and various state and foreign jurisdictions. Tax statutes and regulations within each jurisdiction are subject to interpretation and require the application of significant judgment. The Company is currently under examination by the Internal Revenue Service for fiscal years 2017 through 2021 and a state jurisdiction for fiscal years 2019 and 2020. The Company does not expect resolution of these examinations to have a material impact on its results of operations, financial condition, or cash flows. During fiscal year 2023, a provision of the Tax Cuts and Jobs Act of 2017 (TCJA) went into effect which eliminated the option to deduct domestic research and development costs in the year incurred and instead requires taxpayers to capitalize and amortize such costs over five years. Based upon our interpretation of the law as currently enacted, we estimate that the fiscal 2024 impact will result in increases of $75.3 million to both our income taxes payable and net deferred tax assets. We also estimate a fiscal 2024 increase to our liability for unrecognized tax benefits of $72.9 million, with a corresponding increase to net deferred tax assets. Although it is possible that Congress amends this provision, potentially with retroactive effect, we have no assurance that Congress will take any action with respect to this provision. For the nine months ended March 31, 2024, the Company recognized a $50.3 million increase in our liability for unrecognized tax benefits and a $51.9 million increase in income taxes payable, with corresponding increases to net deferred tax assets.

Business Segments

Business Segments	9 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Business Segments	Business Segments The Company reports operating results and financial data in two segments: domestic operations and international operations. Domestic operations provide Expertise and Technology primarily to U.S. federal government agencies. International operations provide Expertise and Technology primarily to international government and commercial customers. The Company evaluates the performance of its operating segments based on net income. Summarized financial information for the Company’s reportable segments is as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Revenues: Domestic $ 1,877,986 $ 1,694,479 $ 5,453,162 $ 4,858,549 International 59,470 49,791 168,375 140,896 Total revenues $ 1,937,456 $ 1,744,270 $ 5,621,537 $ 4,999,445 Net income: Domestic $ 106,598 $ 93,383 $ 257,901 $ 254,298 International 8,752 7,359 27,366 22,670 Total net income $ 115,350 $ 100,742 $ 285,267 $ 276,968

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC 820, Fair Value Measurements and Disclosures , establishes a framework for measuring fair value and categorizes the inputs used in measuring fair value as follows: observable inputs such as quoted prices in active markets (Level 1); inputs other than quoted prices in active markets that are observable, either directly or indirectly, or quoted prices that are not active (Level 2); and unobservable inputs in which there is little or no market data which requires development of assumptions that market participants would use in pricing the asset or liability (Level 3). The financial instruments measured at fair value on a recurring basis consist of the following (in thousands): Description of Financial Instrument Financial Statement Fair Value March 31, 2024 June 30, 2023 Fair Value Contingent consideration Other long-term liabilities Level 3 $ (10,691) $ — Interest rate swap agreements Prepaid expenses and other current assets Level 2 $ 777 $ 17 Interest rate swap agreements Other long-term assets Level 2 $ 33,909 $ 43,283 The Company uses interest rate swap agreements to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves. The Company recognized contingent consideration liabilities in connection with its current year acquisition, representing potential earnout payments and other contingent payments. The fair values of these liabilities were determined using a valuation model which included an assessment of the most likely outcome, assumptions related to projected earnings of the acquired company and the application of a discount rate when applicable. Fair value of contingent consideration is reassessed quarterly, including an analysis of the significant inputs used in the evaluation, as well as the accretion of the discount. Changes are reflected within indirect costs and selling expenses.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 115,350	$ 100,742	$ 285,267	$ 276,968

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements of CACI International Inc and subsidiaries (CACI or the Company) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and include the assets, liabilities, results of operations, comprehensive income and cash flows for the Company, including its subsidiaries and ventures that are majority-owned or otherwise controlled by the Company. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. All intercompany balances and transactions have been eliminated in consolidation. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and amounts included in other current assets and current liabilities that meet the definition of a financial instrument approximate fair value because of the short-term nature of these amounts. The fair value of the Company’s debt outstanding as of March 31, 2024 under its bank credit facility approximates its carrying value. The fair value of the Company’s debt under its bank credit facility was estimated using Level 2 inputs based on market data of companies with a corporate rating similar to CACI’s that have recently priced credit facilities. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments and reclassifications (all of which are of a normal, recurring nature) that are necessary for the fair presentation of the periods presented. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s latest annual report to the SEC on Form 10-K for the year ended June 30, 2023. The results of operations for the three and nine months ended March 31, 2024 are not necessarily indicative of the results to be expected for any subsequent interim period or for the full fiscal year.
Accounting Standards Updates Issued but Not Yet Adopted and Accounting Standards Updates Adopted	Accounting Standards Updates Issued but Not Yet Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Improvements to Reportable Segment Disclosures , which requires disclosure of significant segment expenses and other segment items in annual and interim periods. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements. We are currently evaluating the impacts of the new standard. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , which requires disaggregated information about an entity’s effective tax rate reconciliation as well as information on income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, and should be applied prospectively. Retrospective application is permitted. We are currently evaluating the impacts of the new standard. Accounting Standards Updates Adopted There have been no recently adopted accounting pronouncements that are material to the Company's consolidated financial statements.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the nine months ended March 31, 2024 are as follows (in thousands): Domestic International Total Balance at June 30, 2023 $ 3,940,064 $ 144,641 $ 4,084,705 Goodwill acquired (1) 34,596 19,238 53,834 Foreign currency translation (318) 229 (89) Balance at March 31, 2024 $ 3,974,342 $ 164,108 $ 4,138,450 __________________________________________________ (1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable. The final purchase price allocations for our fiscal 2024 and 2023 acquisitions remain open as of March 31, 2024.
Schedule of Intangible Assets	Intangible assets consisted of the following (in thousands): March 31, 2024 June 30, 2023 Gross carrying value Accumulated Net carrying Gross carrying Accumulated Net carrying Customer contracts and related customer relationships $ 692,925 $ (342,974) $ 349,951 $ 655,877 $ (313,745) $ 342,132 Acquired technologies 271,282 (131,229) 140,053 277,180 (111,477) 165,703 Total intangible assets $ 964,207 $ (474,203) $ 490,004 $ 933,057 $ (425,222) $ 507,835

Revenues and Contract Balances

Revenues and Contract Balances (Tables)	9 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenues	Disaggregated revenues by contract type were as follows (in thousands): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Domestic International Total Domestic International Total Cost-plus-fee $ 1,174,219 $ — $ 1,174,219 $ 3,411,128 $ — $ 3,411,128 Fixed-price 484,980 36,007 520,987 1,437,282 105,326 1,542,608 Time-and-materials 218,787 23,463 242,250 604,752 63,049 667,801 Total $ 1,877,986 $ 59,470 $ 1,937,456 $ 5,453,162 $ 168,375 $ 5,621,537 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Domestic International Total Domestic International Total Cost-plus-fee $ 1,008,688 $ — $ 1,008,688 $ 2,896,778 $ — $ 2,896,778 Fixed-price 494,095 35,691 529,786 1,420,858 100,057 1,520,915 Time-and-materials 191,696 14,100 205,796 540,913 40,839 581,752 Total $ 1,694,479 $ 49,791 $ 1,744,270 $ 4,858,549 $ 140,896 $ 4,999,445 Disaggregated revenues by customer type were as follows (in thousands): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Domestic International Total Domestic International Total Department of Defense $ 1,452,264 $ — $ 1,452,264 $ 4,163,079 $ — $ 4,163,079 Federal civilian agencies 381,214 — 381,214 1,178,500 — 1,178,500 Commercial and other 44,508 59,470 103,978 111,583 168,375 279,958 Total $ 1,877,986 $ 59,470 $ 1,937,456 $ 5,453,162 $ 168,375 $ 5,621,537 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Domestic International Total Domestic International Total Department of Defense $ 1,298,700 $ — $ 1,298,700 $ 3,554,080 $ — $ 3,554,080 Federal civilian agencies 355,612 — 355,612 1,179,467 — 1,179,467 Commercial and other 40,167 49,791 89,958 125,002 140,896 265,898 Total $ 1,694,479 $ 49,791 $ 1,744,270 $ 4,858,549 $ 140,896 $ 4,999,445 Disaggregated revenues by prime vs. subcontractor were as follows (in thousands): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Domestic International Total Domestic International Total Prime contractor $ 1,689,140 $ 52,637 $ 1,741,777 $ 4,878,820 $ 148,696 $ 5,027,516 Subcontractor 188,846 6,833 195,679 574,342 19,679 594,021 Total $ 1,877,986 $ 59,470 $ 1,937,456 $ 5,453,162 $ 168,375 $ 5,621,537 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Domestic International Total Domestic International Total Prime contractor $ 1,511,758 $ 44,975 $ 1,556,733 $ 4,339,579 $ 128,303 $ 4,467,882 Subcontractor 182,721 4,816 187,537 518,970 12,593 531,563 Total $ 1,694,479 $ 49,791 $ 1,744,270 $ 4,858,549 $ 140,896 $ 4,999,445 Disaggregated revenues by expertise or technology were as follows (in thousands): Three Months Ended March 31, 2024 Nine Months Ended March 31, 2024 Domestic International Total Domestic International Total Expertise $ 895,791 $ 21,164 $ 916,955 $ 2,583,634 $ 60,956 $ 2,644,590 Technology 982,195 38,306 1,020,501 2,869,528 107,419 2,976,947 Total $ 1,877,986 $ 59,470 $ 1,937,456 $ 5,453,162 $ 168,375 $ 5,621,537 Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Domestic International Total Domestic International Total Expertise $ 793,993 $ 18,307 $ 812,300 $ 2,237,146 $ 50,977 $ 2,288,123 Technology 900,486 31,484 931,970 2,621,403 89,919 2,711,322 Total $ 1,694,479 $ 49,791 $ 1,744,270 $ 4,858,549 $ 140,896 $ 4,999,445
Schedule of Contract Assets and Liabilities	Contract balances consisted of the following (in thousands): Description of Contract Related Balance Financial Statement Classification March 31, 2024 June 30, 2023 Billed and billable receivables Accounts receivable, net $ 838,927 $ 763,547 Contract assets – current unbilled receivables Accounts receivable, net 174,750 131,399 Contract assets – current costs to obtain Prepaid expenses and other current assets 5,898 5,163 Contract assets – noncurrent unbilled receivables Accounts receivable, long-term 12,557 11,857 Contract assets – noncurrent costs to obtain Other long-term assets 11,296 8,294 Contract liabilities – current deferred revenue and other contract liabilities Other accrued expenses and current liabilities (134,355) (138,469) Contract liabilities – noncurrent deferred revenue and other contract liabilities Other long-term liabilities (2,999) (5,522)

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Components of Inventories	Inventories consisted of the following (in thousands): March 31, 2024 June 30, 2023 Materials, purchased parts and supplies $ 84,632 $ 78,691 Work in process 15,002 21,894 Finished goods 33,051 30,006 Total $ 132,685 $ 130,591

Sales of Receivables (Tables)

Sales of Receivables (Tables)	9 Months Ended
	Mar. 31, 2024
Transfers and Servicing of Financial Assets [Abstract]
Schedule of MARPA Activity	MARPA activity consisted of the following (in thousands): As of and for the 2024 2023 Beginning balance: $ 200,000 $ 157,785 Sales of receivables 2,423,064 2,150,891 Cash collections (2,373,064) (2,135,986) Outstanding balance sold to Purchaser: (1) 250,000 172,690 Cash collected, not remitted to Purchaser (2) (85,120) (47,680) Remaining sold receivables $ 164,880 $ 125,010 __________________________________________________ (1) For the nine months ended March 31, 2024 and 2023, the Company recorded a net cash inflow of $50.0 million and a net cash inflow of $14.9 million in its cash flows from operating activities, respectively, from sold receivables. MARPA cash flows are calculated as the change in the outstanding balance during the fiscal year. (2) Includes the cash collected on behalf of but not yet remitted to Purchaser as of March 31, 2024 and 2023. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following (in thousands): March 31, 2024 June 30, 2023 Bank credit facility – term loans $ 1,148,438 $ 1,179,063 Bank credit facility – revolver loans 550,000 525,000 Principal amount of long-term debt 1,698,438 1,704,063 Less unamortized discounts and debt issuance costs (6,038) (7,682) Total long-term debt 1,692,400 1,696,381 Less current portion (61,250) (45,938) Long-term debt, net of current portion $ 1,631,150 $ 1,650,443
Schedule of Cash Flow Hedges	The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the three and nine months ended March 31, 2024 and 2023 is as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Gain (loss) recognized in other comprehensive income $ 14,252 $ (5,906) $ 14,130 $ 10,584 Amounts reclassified to earnings from accumulated other comprehensive loss (6,879) (4,095) (20,547) (6,572) Net current period other comprehensive income (loss) $ 7,373 $ (10,001) $ (6,417) $ 4,012

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Earnings per share and the weighted-average number of diluted shares are computed as follows (in thousands, except per share data): Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Net income $ 115,350 $ 100,742 $ 285,267 $ 276,968 Weighted-average number of basic shares outstanding during the period 22,292 23,055 22,407 23,329 Dilutive effect of RSUs after application of treasury stock method 186 222 186 217 Weighted-average number of diluted shares outstanding during the period 22,478 23,277 22,593 23,546 Basic earnings per share $ 5.17 $ 4.37 $ 12.73 $ 11.87 Diluted earnings per share $ 5.13 $ 4.33 $ 12.63 $ 11.76

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Summarized Financial Information of Reportable Segments	Summarized financial information for the Company’s reportable segments is as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Revenues: Domestic $ 1,877,986 $ 1,694,479 $ 5,453,162 $ 4,858,549 International 59,470 49,791 168,375 140,896 Total revenues $ 1,937,456 $ 1,744,270 $ 5,621,537 $ 4,999,445 Net income: Domestic $ 106,598 $ 93,383 $ 257,901 $ 254,298 International 8,752 7,359 27,366 22,670 Total net income $ 115,350 $ 100,742 $ 285,267 $ 276,968

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Recurring Fair Value Measurements	The financial instruments measured at fair value on a recurring basis consist of the following (in thousands): Description of Financial Instrument Financial Statement Fair Value March 31, 2024 June 30, 2023 Fair Value Contingent consideration Other long-term liabilities Level 3 $ (10,691) $ — Interest rate swap agreements Prepaid expenses and other current assets Level 2 $ 777 $ 17 Interest rate swap agreements Other long-term assets Level 2 $ 33,909 $ 43,283

Acquisition - Narrative (Detail

Acquisition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023
Business Acquisition [Line Items]
Goodwill	$ 4,138,450		$ 4,084,705
Fiscal Two Thousand Twenty Four Acquisitions
Business Acquisition [Line Items]
Purchase consideration	67,200	$ 25,200
Goodwill	34,600	19,900
Identifiable intangible assets	$ 33,700	$ 3,600

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Changes in Goodwill (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 4,084,705
Goodwill acquired	53,834
Foreign currency translation	(89)
Ending balance	4,138,450
Domestic
Goodwill [Roll Forward]
Beginning balance	3,940,064
Goodwill acquired	34,596
Foreign currency translation	(318)
Ending balance	3,974,342
International
Goodwill [Roll Forward]
Beginning balance	144,641
Goodwill acquired	19,238
Foreign currency translation	229
Ending balance	$ 164,108

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Finite Lived Intangible Assets [Line Items]
Gross carrying value	$ 964,207	$ 933,057
Accumulated amortization	(474,203)	(425,222)
Net carrying value	490,004	507,835
Customer contracts and related customer relationships
Finite Lived Intangible Assets [Line Items]
Gross carrying value	692,925	655,877
Accumulated amortization	(342,974)	(313,745)
Net carrying value	349,951	342,132
Acquired technologies
Finite Lived Intangible Assets [Line Items]
Gross carrying value	271,282	277,180
Accumulated amortization	(131,229)	(111,477)
Net carrying value	$ 140,053	$ 165,703

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 18.4	$ 18.6	$ 55.1	$ 56.8

Revenues and Contract Balance_2

Revenues and Contract Balances - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Disaggregation Of Revenue [Line Items]
Revenues	$ 1,937,456	$ 1,744,270	$ 5,621,537	$ 4,999,445
Expertise
Disaggregation Of Revenue [Line Items]
Revenues	916,955	812,300	2,644,590	2,288,123
Technology
Disaggregation Of Revenue [Line Items]
Revenues	1,020,501	931,970	2,976,947	2,711,322
Prime contractor
Disaggregation Of Revenue [Line Items]
Revenues	1,741,777	1,556,733	5,027,516	4,467,882
Subcontractor
Disaggregation Of Revenue [Line Items]
Revenues	195,679	187,537	594,021	531,563
Department of Defense
Disaggregation Of Revenue [Line Items]
Revenues	1,452,264	1,298,700	4,163,079	3,554,080
Federal civilian agencies
Disaggregation Of Revenue [Line Items]
Revenues	381,214	355,612	1,178,500	1,179,467
Commercial and other
Disaggregation Of Revenue [Line Items]
Revenues	103,978	89,958	279,958	265,898
Cost-plus-fee
Disaggregation Of Revenue [Line Items]
Revenues	1,174,219	1,008,688	3,411,128	2,896,778
Fixed-price
Disaggregation Of Revenue [Line Items]
Revenues	520,987	529,786	1,542,608	1,520,915
Time-and-materials
Disaggregation Of Revenue [Line Items]
Revenues	242,250	205,796	667,801	581,752
Domestic
Disaggregation Of Revenue [Line Items]
Revenues	1,877,986	1,694,479	5,453,162	4,858,549
Domestic | Expertise
Disaggregation Of Revenue [Line Items]
Revenues	895,791	793,993	2,583,634	2,237,146
Domestic | Technology
Disaggregation Of Revenue [Line Items]
Revenues	982,195	900,486	2,869,528	2,621,403
Domestic | Prime contractor
Disaggregation Of Revenue [Line Items]
Revenues	1,689,140	1,511,758	4,878,820	4,339,579
Domestic | Subcontractor
Disaggregation Of Revenue [Line Items]
Revenues	188,846	182,721	574,342	518,970
Domestic | Department of Defense
Disaggregation Of Revenue [Line Items]
Revenues	1,452,264	1,298,700	4,163,079	3,554,080
Domestic | Federal civilian agencies
Disaggregation Of Revenue [Line Items]
Revenues	381,214	355,612	1,178,500	1,179,467
Domestic | Commercial and other
Disaggregation Of Revenue [Line Items]
Revenues	44,508	40,167	111,583	125,002
Domestic | Cost-plus-fee
Disaggregation Of Revenue [Line Items]
Revenues	1,174,219	1,008,688	3,411,128	2,896,778
Domestic | Fixed-price
Disaggregation Of Revenue [Line Items]
Revenues	484,980	494,095	1,437,282	1,420,858
Domestic | Time-and-materials
Disaggregation Of Revenue [Line Items]
Revenues	218,787	191,696	604,752	540,913
International
Disaggregation Of Revenue [Line Items]
Revenues	59,470	49,791	168,375	140,896
International | Expertise
Disaggregation Of Revenue [Line Items]
Revenues	21,164	18,307	60,956	50,977
International | Technology
Disaggregation Of Revenue [Line Items]
Revenues	38,306	31,484	107,419	89,919
International | Prime contractor
Disaggregation Of Revenue [Line Items]
Revenues	52,637	44,975	148,696	128,303
International | Subcontractor
Disaggregation Of Revenue [Line Items]
Revenues	6,833	4,816	19,679	12,593
International | Department of Defense
Disaggregation Of Revenue [Line Items]
Revenues	0	0	0	0
International | Federal civilian agencies
Disaggregation Of Revenue [Line Items]
Revenues	0	0	0	0
International | Commercial and other
Disaggregation Of Revenue [Line Items]
Revenues	59,470	49,791	168,375	140,896
International | Cost-plus-fee
Disaggregation Of Revenue [Line Items]
Revenues	0	0	0	0
International | Fixed-price
Disaggregation Of Revenue [Line Items]
Revenues	36,007	35,691	105,326	100,057
International | Time-and-materials
Disaggregation Of Revenue [Line Items]
Revenues	$ 23,463	$ 14,100	$ 63,049	$ 40,839

Revenues and Contract Balance_3

Revenues and Contract Balances - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Change In Accounting Estimate [Line Items]
Income before income taxes	$ 153,636,000	$ 131,464,000	$ 371,200,000	$ 358,999,000
Diluted earnings per share (in dollars per shares)	$ 5.13	$ 4.33	$ 12.63	$ 11.76
EAC Adjustments
Change In Accounting Estimate [Line Items]
Income before income taxes	$ 7,500,000	$ 5,300,000	$ 24,500,000	$ 16,800,000
Diluted earnings per share (in dollars per shares)	$ 0.25	$ 0.17	$ 0.81	$ 0.53
Revenue from previously satisfied performance obligations	$ 0	$ 0	$ 0	$ 0

Revenues and Contract Balance_4

Revenues and Contract Balances - Remaining Performance Obligations (Details) $ in Billions	Mar. 31, 2024 USD ($)
Remaining Performance Obligations [Line Items]
Remaining performance obligations	$ 9.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-04-01
Remaining Performance Obligations [Line Items]
Remaining performance obligations, expected satisfaction, percentage	46%
Remaining performance obligations, expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-04-01
Remaining Performance Obligations [Line Items]
Remaining performance obligations, expected satisfaction, percentage	67%
Remaining performance obligations, expected timing of satisfaction	24 months

Revenues and Contract Balance_5

Revenues and Contract Balances - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Contract with Customer, Asset and Liability [Abstract]
Billed and billable receivables	$ 838,927	$ 763,547
Contract assets – current unbilled receivables	174,750	131,399
Contract assets – current costs to obtain	5,898	5,163
Contract assets – noncurrent unbilled receivables	12,557	11,857
Contract assets – noncurrent costs to obtain	11,296	8,294
Contract liabilities – current deferred revenue and other contract liabilities	(134,355)	(138,469)
Contract liabilities – noncurrent deferred revenue and other contract liabilities	$ (2,999)	$ (5,522)

Revenues and Contract Balance_6

Revenues and Contract Balances - Change in Contract with Customer Liability (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Liability, revenue recognized	$ 23	$ 10.8	$ 117.4	$ 81.8

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Inventory Disclosure [Abstract]
Materials, purchased parts and supplies	$ 84,632	$ 78,691
Work in process	15,002	21,894
Finished goods	33,051	30,006
Total	$ 132,685	$ 130,591

Sales of Receivables - Narrativ

Sales of Receivables - Narrative (Details) $ in Millions	Dec. 20, 2023 USD ($)
Transfers and Servicing of Financial Assets [Abstract]
MARPA maximum commitment	$ 250

Sales of Receivables - Schedule

Sales of Receivables - Schedule of MARPA Activity (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Transfer of Financial Assets Accounted for as Sales, Amount [Roll Forward]
Beginning balance	$ 200,000	$ 157,785
Sales of receivables	2,423,064	2,150,891
Cash collections	(2,373,064)	(2,135,986)
Outstanding balance sold to Purchaser	250,000	172,690
Cash collected, not remitted to Purchaser	(85,120)	(47,680)
Remaining sold receivables	164,880	125,010
Cash provided (used) by MARPA	$ 50,000	$ 14,900

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 1,698,438	$ 1,704,063
Less unamortized discounts and debt issuance costs	(6,038)	(7,682)
Total long-term debt	1,692,400	1,696,381
Less current portion	(61,250)	(45,938)
Long-term debt, net of current portion	1,631,150	1,650,443
Bank credit facility – term loans
Debt Instrument [Line Items]
Principal amount of long-term debt	1,148,438	1,179,063
Bank credit facility – revolver loans
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 550,000	$ 525,000

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	9 Months Ended
	Mar. 31, 2024	Jun. 30, 2023	Dec. 13, 2021
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 1,698,438,000	$ 1,704,063,000
Interest rate swap agreements | Cash flow hedging
Debt Instrument [Line Items]
Aggregate notional amount	$ 1,100,000,000
Bank Credit Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity			$ 3,200,000,000
Outstanding borrowings interest rate	4.83%
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity			1,975,000,000
Principal amount of long-term debt	$ 550,000,000	525,000,000
Term loans
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity			1,225,000,000
Principal amount of long-term debt	$ 1,148,438,000	$ 1,179,063,000
Term loan period	5 years
Term loan principal payment	$ 7,700,000
Term loans | Principal payment after December 31, 2023
Debt Instrument [Line Items]
Term loan principal payment	15,300,000
Same-Day Swing Line Loan Revolving Credit Sub-Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity			100,000,000
Principal amount of long-term debt	$ 0
Stand-By Letters Of Credit Revolving Credit Sub-Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity			$ 25,000,000

Debt - Schedule of Cash Flow He

Debt - Schedule of Cash Flow Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Debt Disclosure [Abstract]
Gain (loss) recognized in other comprehensive income	$ 14,252	$ (5,906)	$ 14,130	$ 10,584
Amounts reclassified to earnings from accumulated other comprehensive loss	(6,879)	(4,095)	(20,547)	(6,572)
Net current period other comprehensive income (loss)	$ 7,373	$ (10,001)	$ (6,417)	$ 4,012

Earnings Per Share - Computatio

Earnings Per Share - Computation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net income	$ 115,350	$ 100,742	$ 285,267	$ 276,968
Weighted-average number of basic shares outstanding during the period (in shares)	22,292	23,055	22,407	23,329
Dilutive effect of RSUs after application of treasury stock method (in shares)	186	222	186	217
Weighted-average number of diluted shares outstanding during the period (in shares)	22,478	23,277	22,593	23,546
Basic earnings per share (in dollars per shares)	$ 5.17	$ 4.37	$ 12.73	$ 11.87
Diluted earnings per share (in dollars per shares)	$ 5.13	$ 4.33	$ 12.63	$ 11.76

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions			9 Months Ended
	Aug. 04, 2023	Jan. 30, 2023	Mar. 31, 2024	Mar. 31, 2023	Jan. 26, 2023
Equity, Class of Treasury Stock [Line Items]
Payment for repurchase of common stock			$ 158,426	$ 270,449
2023 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase program, authorized amount					$ 750,000
Share repurchase program, remaining authorized amount			$ 337,300
Accelerated Share Repurchase
Equity, Class of Treasury Stock [Line Items]
Payment for repurchase of common stock		$ 250,000
Shares repurchased (in shares)	0.1	0.7	0.8
Shares repurchased, average price per share (in dollars per share)			$ 303.57
Open Market Repurchases
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)			0.5
Shares repurchased, average price per share (in dollars per share)			$ 318.99
Payment for repurchase of common stock			$ 150,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2024
Income Tax Contingency [Line Items]
Unrecognized tax benefits, increase			$ 50.3
Income taxes payable, increase			$ 51.9
Effective income tax rate	24.90%	23.40%	23.20%	22.80%
Forecast
Income Tax Contingency [Line Items]
Expected increase in income tax payable and net deferred tax assets					$ 75.3
Expected increase in unrecognized tax benefits					$ 72.9

Business Segments - Narrative (

Business Segments - Narrative (Details)	9 Months Ended
	Mar. 31, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	2

Business Segments - Schedule of

Business Segments - Schedule of Summarized Financial Information of Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenues	$ 1,937,456	$ 1,744,270	$ 5,621,537	$ 4,999,445
Net income	115,350	100,742	285,267	276,968
Domestic
Segment Reporting Information [Line Items]
Revenues	1,877,986	1,694,479	5,453,162	4,858,549
Domestic | Operating segments
Segment Reporting Information [Line Items]
Revenues	1,877,986	1,694,479	5,453,162	4,858,549
Net income	106,598	93,383	257,901	254,298
International
Segment Reporting Information [Line Items]
Revenues	59,470	49,791	168,375	140,896
International | Operating segments
Segment Reporting Information [Line Items]
Revenues	59,470	49,791	168,375	140,896
Net income	$ 8,752	$ 7,359	$ 27,366	$ 22,670

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Recurring Fair Value Measurements (Details) - Recurring - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Other long-term liabilities | Level 3 | Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration liability	$ (10,691)	$ 0
Prepaid expenses and other current assets | Level 2 | Interest rate swap agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	777	17
Other long-term assets | Level 2 | Interest rate swap agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 33,909	$ 43,283