CACI International (CACI) 10-Q 30 Oct 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2020	Oct. 15, 2020
Cover [Abstract]
Entity Registrant Name	CACI International Inc
Entity Central Index Key	0000016058
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		25,218,802
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock
Trading Symbol	CACI
Security Exchange Name	NYSE
Entity File Number	001-31400
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	54-1345888
Entity Address, Address Line One	1100 North Glebe Road
Entity Address, City or Town	Arlington
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22201
City Area Code	703
Local Phone Number	841-7800
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenue	$ 1,459,506	$ 1,363,392
Operating costs and expenses:
Costs of revenue	939,934	878,881
Indirect costs and selling expenses	355,004	357,592
Depreciation and amortization	30,144	26,762
Total operating costs and expenses	1,325,082	1,263,235
Income from operations	134,424	100,157
Interest expense and other, net	9,980	16,811
Income before income taxes	124,444	83,346
Income tax expense	30,800	15,369
Net income	$ 93,644	$ 67,977
Basic earnings per share	$ 3.73	$ 2.73
Diluted earnings per share	$ 3.67	$ 2.66
Weighted-average basic shares outstanding	25,099	24,894
Weighted-average diluted shares outstanding	25,486	25,532

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 93,644	$ 67,977
Other comprehensive income (loss):
Foreign currency translation adjustment	7,793	(5,308)
Change in fair value of interest rate swap agreements, net of tax	2,252	(4,964)
Other comprehensive income (loss), net of tax	10,045	(10,272)
Comprehensive income	$ 103,689	$ 57,705

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2020		Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 124,862		$ 107,236
Accounts receivable, net	820,157		841,227
Prepaid expenses and other current assets	155,853		137,423
Total current assets	1,100,872		1,085,886
Goodwill	3,622,188		3,407,110
Intangible assets, net	526,478	[1]	406,885
Property and equipment, net	169,115		170,521
Operating lease right-of-use assets	381,484		330,767
Supplemental retirement savings plan assets	98,393		96,355
Accounts receivable, long-term	9,611		9,629
Other long-term assets	42,227		35,319
Total assets	5,950,368		5,542,472
Current liabilities:
Current portion of long-term debt	46,920		46,920
Accounts payable	79,343		89,961
Accrued compensation and benefits	316,480		338,760
Other accrued expenses and current liabilities	310,611		293,518
Total current liabilities	753,354		769,159
Long-term debt, net of current portion	1,567,371		1,357,519
Supplemental retirement savings plan obligations, net of current portion	108,043		103,004
Deferred income taxes	216,595		213,096
Operating lease liabilities, noncurrent	377,742		309,680
Other long-term liabilities	155,494		128,704
Total liabilities	3,178,599		2,881,162
COMMITMENTS AND CONTINGENCIES
Shareholders’ equity:
Preferred stock $0.10 par value, 10,000 shares authorized, no shares issued or outstanding
Common stock $0.10 par value, 80,000 shares authorized; 42,537 shares issued and 25,105 outstanding at September 30, 2020 and 42,525 shares issued and 25,093 outstanding at June 30, 2020	4,254		4,253
Additional paid-in capital	580,513		573,744
Retained earnings	2,825,288		2,731,644
Accumulated other comprehensive loss	(62,240)		(72,285)
Treasury stock, at cost (17,432 and 17,432 shares, respectively)	(576,181)		(576,181)
Total CACI shareholders’ equity	2,771,634		2,661,175
Noncontrolling interest	135		135
Total shareholders’ equity	2,771,769		2,661,310
Total liabilities and shareholders’ equity	$ 5,950,368		$ 5,542,472
[1]	During the three months ended September 30, 2020, the Company removed $0.6 million in fully amortized intangible assets.

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - $ / shares	Sep. 30, 2020	Jun. 30, 2020
Statement Of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	42,537,000	42,525,000
Common stock, shares outstanding	25,105,000	25,093,000
Treasury stock, shares at cost	17,432,000	17,432,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 93,644	$ 67,977
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization	30,144	26,762
Amortization of deferred financing costs	583	589
Non-cash lease expense	19,056	17,825
Stock-based compensation expense	7,847	7,038
Deferred income taxes	2,339	5,485
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable, net	20,987	21,589
Prepaid expenses and other assets	(21,420)	(25,989)
Accounts payable and other accrued expenses	21,109	3,477
Accrued compensation and benefits	(23,882)	(1,267)
Income taxes payable and receivable	8,384	4,463
Operating lease liabilities	(19,364)	(17,450)
Long-term liabilities	37,473	(7,295)
Net cash provided by operating activities	176,900	103,204
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(16,282)	(22,536)
Cash paid for business acquisitions, net of cash acquired	(354,095)	(1,351)
Net cash used in investing activities	(370,377)	(23,887)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under bank credit facilities	839,500	439,500
Principal payments made under bank credit facilities	(630,230)	(506,230)
Proceeds from employee stock purchase plans	2,431	1,852
Repurchases of common stock	(2,074)	(1,717)
Payment of taxes for equity transactions	(688)	(467)
Net cash provided by (used in) financing activities	208,939	(67,062)
Effect of exchange rate changes on cash and cash equivalents	2,164	(1,101)
Net increase in cash and cash equivalents	17,626	11,154
Cash and cash equivalents at beginning of period	107,236	72,028
Cash and cash equivalents at end of period	124,862	83,182
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for income taxes, net of refunds	19,725	4,675
Cash paid during the period for interest	8,768	15,114
Non-cash financing and investing activities:
Landlord sponsored tenant improvement	1,389
Accrued capital expenditures	$ 938	$ 3,338

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total CACI Shareholders' Equity	Noncontrolling Interest
Beginning balance at Jun. 30, 2019	$ 2,371,466	$ 4,231	$ 576,277	$ 2,410,164	$ (43,156)	$ (576,185)	$ 2,371,331	$ 135
Beginning balance, shares at Jun. 30, 2019		42,314				17,434
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	67,977			67,977			67,977
Stock-based compensation expense	7,038		7,038				7,038
Tax withholdings on restricted share vestings	(10,860)	$ 8	(10,868)				(10,860)
Tax withholdings on restricted share vestings (in shares)		78
Change in fair value of interest rate swap agreements, net	(4,964)				(4,964)		(4,964)
Currency translation adjustment	(5,308)				(5,308)		(5,308)
Repurchases of common stock	(1,717)		(112)			$ (1,605)	(1,717)
Repurchases of common stock (in shares)						8
Treasury stock issued under stock purchase plans	1,619		13			$ 1,606	1,619
Treasury stock issued under stock purchase plans (in shares)						(8)
Ending balance at Sep. 30, 2019	2,425,251	$ 4,239	572,348	2,478,141	(53,428)	$ (576,184)	2,425,116	135
Ending balance, shares at Sep. 30, 2019		42,392				17,434
Beginning balance at Jun. 30, 2020	2,661,310	$ 4,253	573,744	2,731,644	(72,285)	$ (576,181)	2,661,175	135
Beginning balance, shares at Jun. 30, 2020		42,525				17,432
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	93,644			93,644			93,644
Stock-based compensation expense	7,847		7,847				7,847
Tax withholdings on restricted share vestings	(1,176)	$ 1	(1,177)				(1,176)
Tax withholdings on restricted share vestings (in shares)		12
Change in fair value of interest rate swap agreements, net	2,252				2,252		2,252
Currency translation adjustment	7,793				7,793		7,793
Repurchases of common stock	(2,074)		80			$ (2,154)	(2,074)
Repurchases of common stock (in shares)						10
Treasury stock issued under stock purchase plans	2,173		19			$ 2,154	2,173
Treasury stock issued under stock purchase plans (in shares)						(10)
Ending balance at Sep. 30, 2020	$ 2,771,769	$ 4,254	$ 580,513	$ 2,825,288	$ (62,240)	$ (576,181)	$ 2,771,634	$ 135
Ending balance, shares at Sep. 30, 2020		42,537				17,432

Basis of Presentation

Basis of Presentation	3 Months Ended
	Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited 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 September 30, 2020 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. See Notes 11 and 18. 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, 2020. The results of operations for the three months ended September 30, 2020 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	3 Months Ended
	Sep. 30, 2020
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements Accounting Standards Updates Adopted In August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses, which requires companies to record an allowance for expected credit losses over the contractual term of financial assets, including short-term trade receivables and contract assets, and expands disclosure requirements for credit quality of financial assets. The Company adopted this standard on July 1, 2020 using the modified retrospective method. The adoption of this standard did not have a material impact on our operating results, financial position or cash flows.

Acquisition

Acquisition	3 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisition	3. Acquisition On August 11, 2020, CACI completed the acquisition of Ascent Vision Technologies (AVT) for a purchase price of approximately $348.8 million. AVT specializes in Electro-Optical Infrared payloads, On-Board Computer Vision Processing and counter-unmanned aircraft system (C-UAS) solutions. The Company preliminarily recognized fair values of the assets acquired and liabilities assumed and allocated $210.9 million to goodwill and $133.8 million to intangible assets. The goodwill of $210.9 million is largely attributable to the assembled workforce of AVT and expected synergies between the Company and AVT. The intangible assets consist of customer relationships of $65.7 million and technology of $68.1 million. The fair value attributed to intangible assets is being amortized on an accelerated basis over approximately 20 years for customer relationships and over approximately 10 years for technology. The fair value attributed to the intangible assets acquired was based on assumptions and other information compiled by management, including independent valuations that utilized established valuation techniques. Of the value attributed to goodwill and intangible assets, approximately $319.7 million is deductible for income tax purposes.

Intangible Assets

Intangible Assets	3 Months Ended
	Sep. 30, 2020
Finite Lived Intangible Assets Net [Abstract]
Intangible Assets	4 . Intangible Assets Intangible assets consisted of the following (in thousands): September 30, June 30, 2020 (1) 2020 Intangible assets: Customer contracts and related customer relationships $ 637,874 $ 570,562 Acquired technologies 198,115 129,925 Other 8 8 Intangible assets 835,997 700,495 Less accumulated amortization: Customer contracts and related customer relationships (281,953 ) (271,708 ) Acquired technologies (27,563 ) (21,900 ) Other (3 ) (2 ) Less accumulated amortization (309,519 ) (293,610 ) Total intangible assets, net $ 526,478 $ 406,885 __________________ (1) During the three months ended September 30, 2020, the Company removed $0.6 million in fully amortized intangible assets. Intangible assets are primarily amortized on an accelerated basis over periods ranging from one to twenty years. The weighted-average period of amortization for all customer contracts and related customer relationships as of September 30, 2020 is 17.6 years, and the weighted-average remaining period of amortization is 14.7 years. The weighted-average period of amortization for acquired technologies as of September 30, 2020 is 10.5 years, and the weighted-average remaining period of amortization is 9.4 years. Expected amortization expense for the remainder of the fiscal year ending June 30, 2021, and for each of the fiscal years thereafter, is as follows (in thousands): Fiscal year ending June 30, Amount 2021 (nine months) $ 51,274 2022 68,452 2023 65,029 2024 57,693 2025 50,452 Thereafter 233,578 Total intangible assets, net $ 526,478

Goodwill

Goodwill	3 Months Ended
	Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	5 . Goodwill The changes in the carrying amount of goodwill for the three months ended September 30, 2020 are as follows (in thousands): Domestic International Total Balance at June 30, 2020 $ 3,279,856 $ 127,254 $ 3,407,110 Goodwill acquired (1) 210,881 (1,396 ) 209,485 Foreign currency translation (30 ) 5,623 5,593 Balance at September 30, 2020 $ 3,490,707 $ 131,481 $ 3,622,188 (1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Revenue Recognition	6 . Revenue Recognition We disaggregate our revenue arrangements by contract type, customer, whether we perform on the contract as the prime or subcontractor, and whether the solution provided is primarily expertise or technology as defined herein. We believe that these categories allow for a better understanding of the nature, amount, timing, and uncertainty of revenue and cash flows arising from our contracts. Revenue by Contract Type The Company generated revenue on our cost-plus-fee, fixed-price, and time-and-materials contracts as follows during the three months ended September 30, 2020 and 2019 (in thousands): Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Domestic International Total Domestic International Total Cost-plus-fee $ 823,609 $ — $ 823,609 $ 747,714 $ — $ 747,714 Fixed-price 409,584 24,230 433,814 391,536 26,440 417,976 Time-and-materials 184,994 17,089 202,083 185,523 12,179 197,702 Total $ 1,418,187 $ 41,319 $ 1,459,506 $ 1,324,773 $ 38,619 $ 1,363,392 Customer Group The Company generated revenue from our primary customer groups as follows during the three months ended September 30, 2020 and 2019 (in thousands): Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Domestic International Total Domestic International Total Department of Defense $ 1,004,195 $ — $ 1,004,195 $ 937,640 $ — $ 937,640 Federal Civilian agencies 390,179 — 390,179 363,993 — 363,993 Commercial and other 23,813 41,319 65,132 23,140 38,619 61,759 Total $ 1,418,187 $ 41,319 $ 1,459,506 $ 1,324,773 $ 38,619 $ 1,363,392 Prime or Subcontractor The Company generated revenue as either the prime or subcontractor as follows during the three months ended September 30, 2020 and 2019 (in thousands): Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Domestic International Total Domestic International Total Prime contractor $ 1,288,705 $ 38,133 $ 1,326,838 $ 1,197,634 $ 37,471 $ 1,235,105 Subcontractor 129,482 3,186 132,668 127,139 1,148 128,287 Total $ 1,418,187 $ 41,319 $ 1,459,506 $ 1,324,773 $ 38,619 $ 1,363,392 Expertise or Technology The Company generated revenue by providing expertise or technology solutions to our customers as follows during the three months ended September 30, 2020 and 2019 (in thousands): Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Domestic International Total Domestic International Total Expertise $ 723,197 $ 17,486 $ 740,683 $ 709,025 $ 13,328 $ 722,353 Technology 694,990 23,833 718,823 615,748 25,291 641,039 Total $ 1,418,187 $ 41,319 $ 1,459,506 $ 1,324,773 $ 38,619 $ 1,363,392 Significant E stimates For many of our fixed price revenue arrangements and for revenue arrangements that have award or incentive fees, the Company uses an estimate at completion (EAC) to measure progress towards the complete satisfaction of its performance obligations. For these revenue arrangements, revenue is recognized over time primarily using a cost-to-cost input method based on the ratio of costs incurred to date to total estimated costs at completion. The EAC process requires the Company to use professional judgment when assessing risks, estimating contract revenue and costs, estimating variable consideration, and making assumptions for schedule and technical issues. The Company periodically reassesses its EAC assumptions and updates its estimates as needed. When estimates of total costs to be incurred on a contract exceed total revenue, a provision for the entire loss on the contract is recorded in the period in which the loss is determined. Based on changes in a contract’s EAC, a cumulative adjustment to revenue will be recorded. For the three months ended September 30, 2020 and 2019, we recognized an increase to income before income taxes of $7.8 million ($0.22 per diluted share) and $6.5 million ($0.19 per diluted share), respectively, from EAC adjustments. The Company used its statutory tax rate when calculating the impact to diluted earnings per share. Revenue recognized from previously satisfied performance obligations was immaterial for the three months ended September 30, 2020 and 2019. The change in revenue generally relates to final true-up adjustments to our estimated award or incentive fees in the period in which we receive the customer’s final performance score or when we can determine that more objective, contractually-defined criteria have been fully satisfied. Remaining Performance Obligations The Company’s remaining performance obligations balance as of period end represents the expected revenue to be recognized for the satisfaction of remaining performance obligations on our existing contracts. This balance excludes unexercised contract option years and task orders that may be issued underneath an Indefinite Delivery/Indefinite Quantity (IDIQ) vehicle until such task orders are awarded. The remaining performance obligations balance generally increases with the execution of new contracts and converts into revenue as our contractual performance obligations are satisfied. The Company continues to monitor this balance as it is subject to change from execution of new contracts, contract modifications or extensions, government deobligations, or early terminations. Based on this analysis, an adjustment to the period end balance may be required. Our remaining performance obligations balance as of September 30, 2020 was $7.0 billion. The Company expects to recognize approximately 80 percent of our remaining performance obligations balance as revenue over the next twelve months and the remaining 20 percent thereafter

Accounts Receivable

Accounts Receivable	3 Months Ended
	Sep. 30, 2020
Accounts Receivable Net [Abstract]
Accounts Receivable	7. Accounts Receivable September 30, June 30, 2020 2020 Billed and billable receivables $ 729,450 $ 779,339 Unbilled receivables 90,707 61,888 Total accounts receivable, net – current 820,157 841,227 Unbilled receivables, long-term 9,611 9,629 Total accounts receivable $ 829,768 $ 850,856 Accounts receivable are recorded at amounts earned less an allowance for doubtful accounts. The Company periodically reassesses its allowance for doubtful accounts by analyzing reasonably available information as of the balance sheet date, including the length of time that the receivable has been outstanding, historical bad debts and aging trends, and other general and contract specific factors. In addition, the Company monitors its exposure to customer credit risk for its financial assets, including its trade receivables and contract balances. The Company’s allowance for doubtful accounts was $2.9 million and $3.0 million at September 30 and June 30, 2020, respectively.

Contract Balances

Contract Balances	3 Months Ended
	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Contract Balances	8. Contract Balances Contract assets are primarily comprised of unbilled receivables in which revenue has been recognized but our right to consideration is conditional on factors other than the passage of time. Contract assets exclude billed and billable receivables. The incremental costs of obtaining a contract (e.g. sales commissions) are capitalized as an asset when the Company expects to recover them either directly or indirectly through the revenue arrangement’s profit margins. These capitalized costs are subsequently expensed over the revenue arrangement’s period of performance. Contract assets are not stated above their net realizable value. Contract liabilities are primarily comprised of advance payments in which consideration is received in advance of satisfying a performance obligation. The advance payment is subsequently recognized into revenue as the performance obligation is satisfied. Net contract assets (liabilities) consisted of the following (in thousands): September 30, June 30, Description of Contract Related Balance Financial Statement Classification 2020 2020 Contract assets – current: Unbilled receivables Accounts receivable, net $ 90,707 $ 61,888 Costs to obtain – short-term Prepaid expenses and other current assets 3,717 3,492 Contract assets – noncurrent: Unbilled receivables Accounts receivable, long-term 9,611 9,629 Costs to obtain – long-term Other long-term assets 8,518 7,708 Contract liabilities – current: Deferred revenue and other contract liabilities – short-term Other accrued expenses and current liabilities (76,719 ) (57,082 ) Contract liabilities – noncurrent: Deferred revenue and other contract liabilities – long-term Other long-term liabilities (6,516 ) (6,507 ) Net contract assets (liabilities) $ 29,318 $ 19,128 During the three months ended September 30, 2020 and 2019, we recognized $33.5 million and $25.7 million of revenue, respectively, that was included in a previously recorded contract liability as of the beginning of the period.

Inventories

Inventories	3 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventories	9. Inventories Inventories consisted of the following (in thousands): September 30, June 30, 2020 2020 Materials, purchased parts and supplies $ 49,569 $ 36,692 Work in process 12,451 10,867 Finished goods 14,967 17,608 Total $ 76,987 $ 65,167 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. The Company periodically assesses its current inventory balances and records a provision for damaged, deteriorated, or obsolete inventory based on historical patterns and forecasted sales.

Sales of Receivables

Sales of Receivables	3 Months Ended
	Sep. 30, 2020
Transfers And Servicing Of Financial Assets [Abstract]
Sales of Receivables	10 . Sales of Receivables On December 27, 2019, the Company amended its Master Accounts Receivable Purchase Agreement (MARPA) with MUFG Bank, Ltd. (the Purchaser), for the sale of certain designated eligible U.S. government receivables. The amendment extended the term of the MARPA to December 24, 2020. Under the MARPA, the Company can sell eligible receivables, including certain billed and unbilled receivables up to a maximum amount of $200.0 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 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 September 30, 2020. Proceeds from the sold receivables are reflected in our operating cash flows on the statement of cash flows. MARPA activity consisted of the following (in thousands): As of and for the Three Months Ended September 30, 2020 2019 Beginning balance: $ 200,000 $ 192,527 Sales of receivables 626,603 493,879 Cash collections (642,398 ) (505,303 ) Outstanding balance sold to Purchaser: (1) 184,205 181,103 Cash collected, not remitted to Purchaser (2) (79,804 ) (90,850 ) Remaining sold receivables $ 104,401 $ 90,253 (1) For the three months ended September 30, 2020 and 2019, the Company recorded a net cash outflow in its cash flows from operating activities of $15.8 million and $11.4 million, 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 the Purchaser as of September 30, 2020 and 2019. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.

Long-term Debt

Long-term Debt	3 Months Ended
	Sep. 30, 2020
Long Term Debt [Abstract]
Long-term Debt	1 1 . Long-term Debt Long-term debt consisted of the following (in thousands): September 30, June 30, 2020 2020 Bank credit facility – term loans $ 832,824 $ 844,555 Bank credit facility – revolver loans 790,000 569,000 Principal amount of long-term debt 1,622,824 1,413,555 Less unamortized discounts and debt issuance costs (8,533 ) (9,116 ) Total long-term debt 1,614,291 1,404,439 Less current portion (46,920 ) (46,920 ) Long-term debt, net of current portion $ 1,567,371 $ 1,357,519 Bank Credit Facility The Company has a $2,438.4 million credit facility (the Credit Facility), which consists of an $1,500.0 million revolving credit facility (the Revolving Facility) and a $938.4 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 $1,500.0 million. As of September 30, 2020, the Company had $790.0 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 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 Eurodollar rate plus, in each case, an applicable rate based upon the Company’s consolidated total leverage ratio. As of September 30, 2020, 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 2.14 percent. 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 September 30, 2020, 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. The aggregate maturities of long-term debt at September 30, 2020 are as follows (in thousands): Twelve months ending September 30, 2021 $ 46,920 2022 46,920 2023 46,920 2024 1,482,064 Principal amount of long-term debt 1,622,824 Less unamortized discounts and debt issuance costs (8,533 ) Total long-term debt $ 1,614,291 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 $800.0 million which hedge a portion of the Company’s floating rate indebtedness. The swaps mature at various dates through 2026. 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 months ended September 30, 2020 and 2019 is as follows (in thousands): Three Months Ended September 30, 2020 2019 Gain (loss) recognized in other comprehensive income $ (1,280 ) $ (4,196 ) Amounts reclassified to earnings from accumulated other comprehensive loss 3,532 (768 ) Net current period other comprehensive income (loss) $ 2,252 $ (4,964 )

Leases

Leases	3 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	1 2 . Leases All of the Company’s leases are operating leases. The current portion of operating lease liabilities is included in other accrued expenses and current liabilities in our consolidated balance sheets. Lease balances in our consolidated balance sheet are as follows (in thousands): September 30, 2020 June 30, 2020 Operating lease right-of-use assets $ 381,484 $ 330,767 Operating lease liabilities, current 52,489 67,549 Operating lease liabilities, noncurrent 377,742 309,680 $ 430,231 $ 377,229 The Company’s total lease cost is recorded primarily within indirect costs and selling expenses and had the following impact on the consolidated statement of operations (in thousands): Three Months Ended September 30, 2020 2019 Operating lease cost $ 21,972 $ 21,206 Short-term and variable lease cost 3,668 3,370 Sublease income (126 ) (464 ) Total lease cost $ 25,514 $ 24,112 The Company’s future minimum lease payments under non-cancelable operating leases for the remainder of the fiscal year ending June 30, 2020, and for each of the fiscal years thereafter, are as follows (in thousands): Fiscal year ending June 30, 2021 (nine months) $ 43,550 2022 75,878 2023 71,507 2024 64,277 2025 56,019 Thereafter 168,161 Total undiscounted lease payments 479,392 Less: imputed interest (49,161 ) Total discounted lease liabilities $ 430,231 The weighted-average remaining lease term (in years) and weighted-average discount rate was 7.16 years and 2.90 percent, respectively. Cash paid for operating leases was $22.4 million for the three months ended September 30, 2020. During the three months ended September 30, 2020 operating lease liabilities arising from obtaining new ROU assets was $70.5 million, which includes all noncash changes arising from new or remeasured operating lease arrangements.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	1 3 . Commitments and Contingencies The Company is involved in various lawsuits, claims, and administrative proceedings arising in the normal course of business. Management is of the opinion that any liability or loss associated with such matters, either individually or in the aggregate, will not have a material adverse effect on the Company’s operations and liquidity. Government Contracting Payments to the Company on cost-plus-fee and T&M 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 2018. We are still negotiating the results of prior years’ audits with the respective cognizant contracting officers and believe our reserves for such are adequate. In the opinion of management, 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 as 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 are identified, discussed and settled.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	1 4 . Stock-Based Compensation For the three months ended September 30, 2020 and 2019, the Company recognized $7.8 million and $7.0 million of stock-based compensation, respectively, that was related to restricted stock units (RSUs). The stock-based compensation was included in indirect costs and selling expenses in the consolidated statements of operations. During the periods presented all equity instrument grants were made in the form of RSUs. Other than performance-based RSUs (PRSUs) which contain a market-based element, the fair value of RSU grants was determined based on the closing price of a share of the Company’s common stock on the date of grant. The fair value of RSUs with market-based vesting features was also measured on the grant date, but was done so using a binomial lattice model. The Company granted performance-based stock awards to key employees in October of 2019, October of 2018 and September of 2017. The final number of PRSUs that are earned by participants and vest is based on the achievement of a specified EPS for the fiscal year and on the average share price for the 90-day period ended for the following three years. If the 90-day average share price of the Company’s stock in years one, two and three exceeds the 90-day average share price at the grant date by 100 percent or more the number of shares ultimately awarded could range up to 200 percent of the specified target award. In addition to the performance and market conditions, there is a service vesting condition that stipulates 50 percent of the award will vest approximately three years from the grant date and 50 percent will vest approximately four years from the grant date, depending on the award date. During the second quarter of FY2021, the Company granted its annual performance-based stock awards to key employees. The annual performance-based awards granted for each of the fiscal years presented were as follows: Performance-based stock awards granted Number of additional shares earned under performance-based stock awards Fiscal year 2021 7,059 — Fiscal year 2020 108,844 — Fiscal year 2019 129,108 12,462 The total number of shares authorized by shareholders for grants under the 2016 Plan and its predecessor plan is 1,200,000 plus any forfeitures from the 2006 Plan. The aggregate number of grants that may be made may exceed this approved amount as forfeited RSUs become available for future grants. As of September 30, 2020, cumulative grants of 937,934 equity instruments underlying the shares authorized have been awarded, and 197,997 of these instruments have been forfeited. Activity related to RSUs during the three months ended September 30, 2020 is as follows: RSUs Unvested at June 30, 2020 501,923 Granted 73,504 Vested (17,578 ) Forfeited (10,286 ) Unvested at September 30, 2020 547,563 As of September 30, 2020, there was $35.4 million of total unrecognized compensation costs related to RSUs scheduled to be recognized over a weighted-average period of 2.3 years.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	1 5 . 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 September 30, 2020 2019 Net income $ 93,644 $ 67,977 Weighted-average number of basic shares outstanding during the period 25,099 24,894 Dilutive effect of RSUs after application of treasury stock method 387 638 Weighted-average number of diluted shares outstanding during the period 25,486 25,532 Basic earnings per share $ 3.73 $ 2.73 Diluted earnings per share $ 3.67 $ 2.66

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	1 6 . 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 year 2015 and one state jurisdiction for years 2016 and 2017. The Company does not expect resolution of these examinations to have a material impact on its results of operations, financial condition or cash flows. The Company’s total liability for unrecognized tax benefits as of September 30, 2020 and June 30, 2020 was $9.2 million and $8.8 million, respectively. The $9.2 million unrecognized tax benefit at September 30, 2020, if recognized, would positively impact the Company’s effective tax rate. For the three months ended September 30, 2020, the effective tax rate was 24.8 percent compared to 18.4 percent for the same period last year. The Company’s effective tax rate was lower in the prior year quarter primarily due to the timing of excess tax benefits of employee stock-based payment plan awards. For both comparative reporting periods, the Company’s effective tax rate was impacted by the change in value of assets invested in COLI policies. If gains or losses on the COLI investments throughout the rest of the current fiscal year vary from our estimates, our FY2021 effective tax rate will fluctuate.

Business Segment Information

Business Segment Information	3 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Business Segment Information	1 7 . Business Segment Information 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): Domestic Operations International Operations Total Three Months Ended September 30, 2020 Revenue from external customers $ 1,418,187 $ 41,319 $ 1,459,506 Net income 88,137 5,507 93,644 Three Months Ended September 30, 2019 Revenue from external customers $ 1,324,773 $ 38,619 $ 1,363,392 Net income 64,211 3,766 67,977

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	1 8 . Fair Value of Financial Instruments ASC 820, Fair Value Measurements and Disclosures The Company’s financial assets and liabilities recorded at fair value on a recurring basis are categorized based on the priority of the inputs used to measure fair value. The inputs used in measuring fair value are categorized into three levels, as follows: • Level 1 Inputs – unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2 Inputs – unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. • Level 3 Inputs – amounts derived from valuation models in which unobservable inputs reflect the reporting entity’s own assumptions about the assumptions of market participants that would be used in pricing the asset or liability. The Company’s financial instruments measured at fair value included interest rate swap agreements. The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and June 30, 2020, and the level they fall within the fair value hierarchy (in thousands): September 30, June 30, Financial Statement Fair Value 2020 2020 Description of Financial Instrument Classification Hierarchy Fair Value Interest rate swap agreements Other accrued expenses and current liabilities Level 2 $ 1,251 $ — Interest rate swap agreements Other long-term liabilities Level 2 $ 38,861 $ 43,168 Changes in the fair value of the interest rate swap agreements are recorded as a component of accumulated other comprehensive income or loss.

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Sep. 30, 2020
Finite Lived Intangible Assets Net [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following (in thousands): September 30, June 30, 2020 (1) 2020 Intangible assets: Customer contracts and related customer relationships $ 637,874 $ 570,562 Acquired technologies 198,115 129,925 Other 8 8 Intangible assets 835,997 700,495 Less accumulated amortization: Customer contracts and related customer relationships (281,953 ) (271,708 ) Acquired technologies (27,563 ) (21,900 ) Other (3 ) (2 ) Less accumulated amortization (309,519 ) (293,610 ) Total intangible assets, net $ 526,478 $ 406,885 __________________ (1) During the three months ended September 30, 2020, the Company removed $0.6 million in fully amortized intangible assets.
Expected Amortization Expense	Expected amortization expense for the remainder of the fiscal year ending June 30, 2021, and for each of the fiscal years thereafter, is as follows (in thousands): Fiscal year ending June 30, Amount 2021 (nine months) $ 51,274 2022 68,452 2023 65,029 2024 57,693 2025 50,452 Thereafter 233,578 Total intangible assets, net $ 526,478

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Roll Forward of Goodwill	The changes in the carrying amount of goodwill for the three months ended September 30, 2020 are as follows (in thousands): Domestic International Total Balance at June 30, 2020 $ 3,279,856 $ 127,254 $ 3,407,110 Goodwill acquired (1) 210,881 (1,396 ) 209,485 Foreign currency translation (30 ) 5,623 5,593 Balance at September 30, 2020 $ 3,490,707 $ 131,481 $ 3,622,188 (1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Disaggregation of Revenue by Contract Type, Customer Information and Prime or Subcontractor	Revenue by Contract Type The Company generated revenue on our cost-plus-fee, fixed-price, and time-and-materials contracts as follows during the three months ended September 30, 2020 and 2019 (in thousands): Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Domestic International Total Domestic International Total Cost-plus-fee $ 823,609 $ — $ 823,609 $ 747,714 $ — $ 747,714 Fixed-price 409,584 24,230 433,814 391,536 26,440 417,976 Time-and-materials 184,994 17,089 202,083 185,523 12,179 197,702 Total $ 1,418,187 $ 41,319 $ 1,459,506 $ 1,324,773 $ 38,619 $ 1,363,392 Customer Group The Company generated revenue from our primary customer groups as follows during the three months ended September 30, 2020 and 2019 (in thousands): Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Domestic International Total Domestic International Total Department of Defense $ 1,004,195 $ — $ 1,004,195 $ 937,640 $ — $ 937,640 Federal Civilian agencies 390,179 — 390,179 363,993 — 363,993 Commercial and other 23,813 41,319 65,132 23,140 38,619 61,759 Total $ 1,418,187 $ 41,319 $ 1,459,506 $ 1,324,773 $ 38,619 $ 1,363,392 Prime or Subcontractor The Company generated revenue as either the prime or subcontractor as follows during the three months ended September 30, 2020 and 2019 (in thousands): Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Domestic International Total Domestic International Total Prime contractor $ 1,288,705 $ 38,133 $ 1,326,838 $ 1,197,634 $ 37,471 $ 1,235,105 Subcontractor 129,482 3,186 132,668 127,139 1,148 128,287 Total $ 1,418,187 $ 41,319 $ 1,459,506 $ 1,324,773 $ 38,619 $ 1,363,392 Expertise or Technology The Company generated revenue by providing expertise or technology solutions to our customers as follows during the three months ended September 30, 2020 and 2019 (in thousands): Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Domestic International Total Domestic International Total Expertise $ 723,197 $ 17,486 $ 740,683 $ 709,025 $ 13,328 $ 722,353 Technology 694,990 23,833 718,823 615,748 25,291 641,039 Total $ 1,418,187 $ 41,319 $ 1,459,506 $ 1,324,773 $ 38,619 $ 1,363,392

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Sep. 30, 2020
Accounts Receivable Net [Abstract]
Schedule of Total Accounts Receivable	September 30, June 30, 2020 2020 Billed and billable receivables $ 729,450 $ 779,339 Unbilled receivables 90,707 61,888 Total accounts receivable, net – current 820,157 841,227 Unbilled receivables, long-term 9,611 9,629 Total accounts receivable $ 829,768 $ 850,856

Contract Balances (Tables)

Contract Balances (Tables)	3 Months Ended
	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Contract Assets and Liabilities	Net contract assets (liabilities) consisted of the following (in thousands): September 30, June 30, Description of Contract Related Balance Financial Statement Classification 2020 2020 Contract assets – current: Unbilled receivables Accounts receivable, net $ 90,707 $ 61,888 Costs to obtain – short-term Prepaid expenses and other current assets 3,717 3,492 Contract assets – noncurrent: Unbilled receivables Accounts receivable, long-term 9,611 9,629 Costs to obtain – long-term Other long-term assets 8,518 7,708 Contract liabilities – current: Deferred revenue and other contract liabilities – short-term Other accrued expenses and current liabilities (76,719 ) (57,082 ) Contract liabilities – noncurrent: Deferred revenue and other contract liabilities – long-term Other long-term liabilities (6,516 ) (6,507 ) Net contract assets (liabilities) $ 29,318 $ 19,128

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): September 30, June 30, 2020 2020 Materials, purchased parts and supplies $ 49,569 $ 36,692 Work in process 12,451 10,867 Finished goods 14,967 17,608 Total $ 76,987 $ 65,167

Sales of Receivables (Tables)

Sales of Receivables (Tables)	3 Months Ended
	Sep. 30, 2020
Transfers And Servicing Of Financial Assets [Abstract]
Summary of MARPA Activity	MARPA activity consisted of the following (in thousands): As of and for the Three Months Ended September 30, 2020 2019 Beginning balance: $ 200,000 $ 192,527 Sales of receivables 626,603 493,879 Cash collections (642,398 ) (505,303 ) Outstanding balance sold to Purchaser: (1) 184,205 181,103 Cash collected, not remitted to Purchaser (2) (79,804 ) (90,850 ) Remaining sold receivables $ 104,401 $ 90,253 (1) For the three months ended September 30, 2020 and 2019, the Company recorded a net cash outflow in its cash flows from operating activities of $15.8 million and $11.4 million, 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 the Purchaser as of September 30, 2020 and 2019. This balance is included in other accrued expenses and current liabilities as of the balance sheet date.

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Sep. 30, 2020
Long Term Debt [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following (in thousands): September 30, June 30, 2020 2020 Bank credit facility – term loans $ 832,824 $ 844,555 Bank credit facility – revolver loans 790,000 569,000 Principal amount of long-term debt 1,622,824 1,413,555 Less unamortized discounts and debt issuance costs (8,533 ) (9,116 ) Total long-term debt 1,614,291 1,404,439 Less current portion (46,920 ) (46,920 ) Long-term debt, net of current portion $ 1,567,371 $ 1,357,519
Aggregate Maturities of Long-term Debt	The aggregate maturities of long-term debt at September 30, 2020 are as follows (in thousands): Twelve months ending September 30, 2021 $ 46,920 2022 46,920 2023 46,920 2024 1,482,064 Principal amount of long-term debt 1,622,824 Less unamortized discounts and debt issuance costs (8,533 ) Total long-term debt $ 1,614,291
Cash Flow Hedges	The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the three months ended September 30, 2020 and 2019 is as follows (in thousands): Three Months Ended September 30, 2020 2019 Gain (loss) recognized in other comprehensive income $ (1,280 ) $ (4,196 ) Amounts reclassified to earnings from accumulated other comprehensive loss 3,532 (768 ) Net current period other comprehensive income (loss) $ 2,252 $ (4,964 )

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Summary of Lease Balances	Lease balances in our consolidated balance sheet are as follows (in thousands): September 30, 2020 June 30, 2020 Operating lease right-of-use assets $ 381,484 $ 330,767 Operating lease liabilities, current 52,489 67,549 Operating lease liabilities, noncurrent 377,742 309,680 $ 430,231 $ 377,229
Summary of Lease Costs	The Company’s total lease cost is recorded primarily within indirect costs and selling expenses and had the following impact on the consolidated statement of operations (in thousands): Three Months Ended September 30, 2020 2019 Operating lease cost $ 21,972 $ 21,206 Short-term and variable lease cost 3,668 3,370 Sublease income (126 ) (464 ) Total lease cost $ 25,514 $ 24,112
Schedule of Future Minimum Operating Lease Payments	The Company’s future minimum lease payments under non-cancelable operating leases for the remainder of the fiscal year ending June 30, 2020, and for each of the fiscal years thereafter, are as follows (in thousands): Fiscal year ending June 30, 2021 (nine months) $ 43,550 2022 75,878 2023 71,507 2024 64,277 2025 56,019 Thereafter 168,161 Total undiscounted lease payments 479,392 Less: imputed interest (49,161 ) Total discounted lease liabilities $ 430,231

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Annual Performance-Based Awards Granted	The annual performance-based awards granted for each of the fiscal years presented were as follows: Performance-based stock awards granted Number of additional shares earned under performance-based stock awards Fiscal year 2021 7,059 — Fiscal year 2020 108,844 — Fiscal year 2019 129,108 12,462
Summary of Activity Related to RSUs	Activity related to RSUs during the three months ended September 30, 2020 is as follows: RSUs Unvested at June 30, 2020 501,923 Granted 73,504 Vested (17,578 ) Forfeited (10,286 ) Unvested at September 30, 2020 547,563

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Calculation of basic and diluted 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 September 30, 2020 2019 Net income $ 93,644 $ 67,977 Weighted-average number of basic shares outstanding during the period 25,099 24,894 Dilutive effect of RSUs after application of treasury stock method 387 638 Weighted-average number of diluted shares outstanding during the period 25,486 25,532 Basic earnings per share $ 3.73 $ 2.73 Diluted earnings per share $ 3.67 $ 2.66

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Summarized Financial Information of Reportable Segments	Summarized financial information for the Company’s reportable segments is as follows (in thousands): Domestic Operations International Operations Total Three Months Ended September 30, 2020 Revenue from external customers $ 1,418,187 $ 41,319 $ 1,459,506 Net income 88,137 5,507 93,644 Three Months Ended September 30, 2019 Revenue from external customers $ 1,324,773 $ 38,619 $ 1,363,392 Net income 64,211 3,766 67,977

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Recurring Fair Value Measurements	The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and June 30, 2020, and the level they fall within the fair value hierarchy (in thousands): September 30, June 30, Financial Statement Fair Value 2020 2020 Description of Financial Instrument Classification Hierarchy Fair Value Interest rate swap agreements Other accrued expenses and current liabilities Level 2 $ 1,251 $ — Interest rate swap agreements Other long-term liabilities Level 2 $ 38,861 $ 43,168

Acquisition (Detail Textual)

Acquisition (Detail Textual) - USD ($) $ in Thousands	Aug. 11, 2020	Sep. 30, 2020	Jun. 30, 2020
Business Acquisition [Line Items]
Goodwill		$ 3,622,188	$ 3,407,110
Customer contracts and related customer relationships
Business Acquisition [Line Items]
Amortization period of acquired intangible assets		17 years 7 months 6 days
Technology
Business Acquisition [Line Items]
Amortization period of acquired intangible assets		14 years 8 months 12 days
AVT
Business Acquisition [Line Items]
Purchase consideration	$ 348,800
Acquisition date	Aug. 11, 2020
Goodwill	$ 210,900
Identifiable intangible assets	133,800
Amount of tax deductible goodwill and intangibles	319,700
AVT | Customer contracts and related customer relationships
Business Acquisition [Line Items]
Identifiable intangible assets	$ 65,700
Amortization period of acquired intangible assets	20 years
AVT | Technology
Business Acquisition [Line Items]
Identifiable intangible assets	$ 68,100
Amortization period of acquired intangible assets	10 years

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	[1]	Jun. 30, 2020
Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 835,997		$ 700,495
Less accumulated amortization	(309,519)		(293,610)
Total intangible assets, net	526,478		406,885
Customer contracts and related customer relationships
Finite Lived Intangible Assets [Line Items]
Intangible assets	637,874		570,562
Less accumulated amortization	(281,953)		(271,708)
Acquired technologies
Finite Lived Intangible Assets [Line Items]
Intangible assets	198,115		129,925
Less accumulated amortization	(27,563)		(21,900)
Other
Finite Lived Intangible Assets [Line Items]
Intangible assets	8		8
Less accumulated amortization	$ (3)		$ (2)
[1]	During the three months ended September 30, 2020, the Company removed $0.6 million in fully amortized intangible assets.

Intangible Assets - Summary o_2

Intangible Assets - Summary of Intangible Assets (Parenthetical) (Detail) $ in Millions	3 Months Ended
	Sep. 30, 2020USD ($)
Finite Lived Intangible Assets Net [Abstract]
Removal of fully amortized intangible assets	$ 0.6

Intangible Assets (Detail Textu

Intangible Assets (Detail Textual)	3 Months Ended
	Sep. 30, 2020
Minimum
Finite Lived Intangible Assets [Line Items]
Intangible asset amortization period	1 year
Maximum
Finite Lived Intangible Assets [Line Items]
Intangible asset amortization period	20 years
Customer contracts and related customer relationships
Finite Lived Intangible Assets [Line Items]
Weighted-average amortization period	17 years 7 months 6 days
Weighted-average remaining amortization period	10 years 6 months
Acquired technologies
Finite Lived Intangible Assets [Line Items]
Weighted-average amortization period	14 years 8 months 12 days
Weighted-average remaining amortization period	9 years 4 months 24 days

Intangible Assets - Expected Am

Intangible Assets - Expected Amortization Expense (Detail) - USD ($) $ in Thousands	Sep. 30, 2020		Jun. 30, 2020
Finite Lived Intangible Assets Net [Abstract]
2021 (nine months)	$ 51,274
2022	68,452
2023	65,029
2024	57,693
2025	50,452
Thereafter	233,578
Total intangible assets, net	$ 526,478	[1]	$ 406,885
[1]	During the three months ended September 30, 2020, the Company removed $0.6 million in fully amortized intangible assets.

Goodwill - Roll Forward of Good

Goodwill - Roll Forward of Goodwill (Detail) $ in Thousands	3 Months Ended
	Sep. 30, 2020USD ($)
Goodwill [Roll Forward]
Balance	$ 3,407,110
Goodwill acquired	209,485	[1]
Foreign currency translation	5,593
Balance	3,622,188
Domestic
Goodwill [Roll Forward]
Balance	3,279,856
Goodwill acquired	210,881	[1]
Foreign currency translation	(30)
Balance	3,490,707
International
Goodwill [Roll Forward]
Balance	127,254
Goodwill acquired	(1,396)	[1]
Foreign currency translation	5,623
Balance	$ 131,481
[1]	Includes goodwill initially allocated to new business combinations as well as measurement period adjustments.

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue by Contract Type, Customer Information and Prime or Subcontractor (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Disaggregation Of Revenue [Line Items]
Revenue	$ 1,459,506	$ 1,363,392
Expertise
Disaggregation Of Revenue [Line Items]
Revenue	740,683	722,353
Technology
Disaggregation Of Revenue [Line Items]
Revenue	718,823	641,039
Prime contractor
Disaggregation Of Revenue [Line Items]
Revenue	1,326,838	1,235,105
Subcontractor
Disaggregation Of Revenue [Line Items]
Revenue	132,668	128,287
Department of Defense
Disaggregation Of Revenue [Line Items]
Revenue	1,004,195	937,640
Federal civilian agencies
Disaggregation Of Revenue [Line Items]
Revenue	390,179	363,993
Commercial and other
Disaggregation Of Revenue [Line Items]
Revenue	65,132	61,759
Cost-plus-fee
Disaggregation Of Revenue [Line Items]
Revenue	823,609	747,714
Fixed-price
Disaggregation Of Revenue [Line Items]
Revenue	433,814	417,976
Time and materials
Disaggregation Of Revenue [Line Items]
Revenue	202,083	197,702
Domestic
Disaggregation Of Revenue [Line Items]
Revenue	1,418,187	1,324,773
Domestic | Expertise
Disaggregation Of Revenue [Line Items]
Revenue	723,197	709,025
Domestic | Technology
Disaggregation Of Revenue [Line Items]
Revenue	694,990	615,748
Domestic | Prime contractor
Disaggregation Of Revenue [Line Items]
Revenue	1,288,705	1,197,634
Domestic | Subcontractor
Disaggregation Of Revenue [Line Items]
Revenue	129,482	127,139
Domestic | Department of Defense
Disaggregation Of Revenue [Line Items]
Revenue	1,004,195	937,640
Domestic | Federal civilian agencies
Disaggregation Of Revenue [Line Items]
Revenue	390,179	363,993
Domestic | Commercial and other
Disaggregation Of Revenue [Line Items]
Revenue	23,813	23,140
Domestic | Cost-plus-fee
Disaggregation Of Revenue [Line Items]
Revenue	823,609	747,714
Domestic | Fixed-price
Disaggregation Of Revenue [Line Items]
Revenue	409,584	391,536
Domestic | Time and materials
Disaggregation Of Revenue [Line Items]
Revenue	184,994	185,523
International
Disaggregation Of Revenue [Line Items]
Revenue	41,319	38,619
International | Expertise
Disaggregation Of Revenue [Line Items]
Revenue	17,486	13,328
International | Technology
Disaggregation Of Revenue [Line Items]
Revenue	23,833	25,291
International | Prime contractor
Disaggregation Of Revenue [Line Items]
Revenue	38,133	37,471
International | Subcontractor
Disaggregation Of Revenue [Line Items]
Revenue	3,186	1,148
International | Commercial and other
Disaggregation Of Revenue [Line Items]
Revenue	41,319	38,619
International | Fixed-price
Disaggregation Of Revenue [Line Items]
Revenue	24,230	26,440
International | Time and materials
Disaggregation Of Revenue [Line Items]
Revenue	$ 17,089	$ 12,179

Revenue Recognition (Detail Tex

Revenue Recognition (Detail Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Change In Accounting Estimate [Line Items]
Income before income taxes	$ 124,444	$ 83,346
Diluted earnings per share	$ 3.67	$ 2.66
EAC Adjustments
Change In Accounting Estimate [Line Items]
Income before income taxes	$ 7,800	$ 6,500
Diluted earnings per share	$ 0.22	$ 0.19

Revenue - Remaining Performance

Revenue - Remaining Performance Obligations (Detail) $ in Billions	Sep. 30, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Remaining performance obligations	$ 7

Revenue - Remaining Performan_2

Revenue - Remaining Performance Obligations (Detail 1)	Sep. 30, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-10-01
Remaining Performance Obligations [Line Items]
Remaining performance obligations, expected satisfaction, percentage	80.00%
Remaining performance obligations, expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-10-01
Remaining Performance Obligations [Line Items]
Remaining performance obligations, expected satisfaction, percentage	20.00%
Remaining performance obligations, expected timing of satisfaction

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Total Accounts Receivable (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Accounts Receivable Net [Abstract]
Billed and billable receivables	$ 729,450	$ 779,339
Unbilled receivables	90,707	61,888
Total accounts receivable, net – current	820,157	841,227
Unbilled receivables, long-term	9,611	9,629
Total accounts receivable	$ 829,768	$ 850,856

Accounts Receivable (Detail Tex

Accounts Receivable (Detail Textual) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020
Accounts Receivable Net [Abstract]
Allowance for doubtful accounts receivable	$ 2.9	$ 3

Contract Balances - Contract As

Contract Balances - Contract Assets and Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Contract assets – current:
Unbilled receivables	$ 90,707	$ 61,888
Costs to obtain – short-term	3,717	3,492
Contract assets – noncurrent:
Unbilled receivables	9,611	9,629
Costs to obtain – long-term	8,518	7,708
Contract liabilities – current:
Deferred revenue and other contract liabilities – short-term	(76,719)	(57,082)
Contract liabilities – noncurrent:
Deferred revenue and other contract liabilities – long-term	(6,516)	(6,507)
Net contract assets (liabilities)	$ 29,318	$ 19,128

Contract Balances (Detail Textu

Contract Balances (Detail Textual) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Revenue From Contract With Customer [Abstract]
Liability, revenue recognized	$ 33.5	$ 25.7

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Inventory Disclosure [Abstract]
Materials, purchased parts and supplies	$ 49,569	$ 36,692
Work in process	12,451	10,867
Finished goods	14,967	17,608
Total	$ 76,987	$ 65,167

Sales of Receivables (Detail Te

Sales of Receivables (Detail Textual) $ in Millions	Dec. 27, 2019USD ($)
MARPA
MARPA maturity date	Dec. 24, 2020
MARPA maximum commitment	$ 200

Sales of Receivables - Summary

Sales of Receivables - Summary of MARPA Activity (Detail) - USD ($) $ in Thousands		Sep. 30, 2020		Jun. 30, 2020	Sep. 30, 2019		Jun. 30, 2019
Transfers And Servicing Of Financial Assets [Abstract]
Outstanding balance sold to Purchaser		$ 184,205	[1]	$ 200,000	$ 181,103	[1]	$ 192,527
Sales of receivables		626,603			493,879
Cash collections		(642,398)			(505,303)
Cash collected, not remitted to Purchaser	[2]	(79,804)			(90,850)
Remaining sold receivables		$ 104,401			$ 90,253
[1]	For the three months ended September 30, 2020 and 2019, the Company recorded a net cash outflow in its cash flows from operating activities of $15.8 million and $11.4 million, 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 the Purchaser as of September 30, 2020 and 2019.  This balance is included in other accrued expenses and current liabilities as of the balance sheet date.

Sales of Receivables - Summar_2

Sales of Receivables - Summary of MARPA Activity (Parentheticals) (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Transfers And Servicing Of Financial Assets [Abstract]
Cash provided (used) by MARPA	$ (15.8)	$ (11.4)

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 1,622,824	$ 1,413,555
Less unamortized discounts and debt issuance costs	(8,533)	(9,116)
Total long-term debt	1,614,291	1,404,439
Less current portion	(46,920)	(46,920)
Long-term debt, net of current portion	1,567,371	1,357,519
Bank credit facility - term loans
Debt Instrument [Line Items]
Principal amount of long-term debt	832,824	844,555
Bank credit facility - revolver loans
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 790,000	$ 569,000

Long-term Debt (Detail Textual)

Long-term Debt (Detail Textual) - USD ($)	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020
Debt Instrument [Line Items]
Outstanding amount under Credit Facility	$ 1,622,824,000	$ 1,413,555,000
Interest Rate Swap | Cash Flow Hedging
Debt Instrument [Line Items]
Aggregate notional amount	800,000,000
Bank Credit Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	$ 2,438,400,000
Outstanding borrowings interest rate	2.14%
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	$ 1,500,000,000
Outstanding amount under Credit Facility	790,000,000	569,000,000
Term loans
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	938,400,000
Outstanding amount under Credit Facility	$ 832,824,000	$ 844,555,000
Term loan period	5 years
Loan maturity date	Jun. 30, 2024
Term loan frequency of payment	quarterly
Term loan principal payment	$ 11,700,000
Same-Day Swing Line Loan Revolving Credit Sub-Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	100,000,000
Outstanding amount under Credit Facility	0
Stand-By Letters Of Credit Revolving Credit Sub-Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	$ 25,000,000

Long-term Debt - Aggregate Matu

Long-term Debt - Aggregate Maturities of Long-Term Debt (Detail 2) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Long Term Debt [Abstract]
2021	$ 46,920
2022	46,920
2023	46,920
2024	1,482,064
Principal amount of long-term debt	1,622,824	$ 1,413,555
Less unamortized discounts and debt issuance costs	(8,533)	(9,116)
Total long-term debt	$ 1,614,291	$ 1,404,439

Long-term Debt - Cash Flow Hedg

Long-term Debt - Cash Flow Hedges (Detail 3) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Long Term Debt [Abstract]
Gain (loss) recognized in other comprehensive income	$ (1,280)	$ (4,196)
Amounts reclassified to earnings from accumulated other comprehensive loss	3,532	(768)
Net current period other comprehensive income (loss)	$ 2,252	$ (4,964)

Leases - Summary of Lease Balan

Leases - Summary of Lease Balances (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 381,484	$ 330,767
Operating lease liabilities, current	52,489	67,549
Operating lease liabilities, noncurrent	377,742	309,680
Operating lease liabilities	$ 430,231	$ 377,229

Leases - Summary of Lease Costs

Leases - Summary of Lease Costs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 21,972	$ 21,206
Short-term and variable lease cost	3,668	3,370
Sublease income	(126)	(464)
Total lease cost	$ 25,514	$ 24,112

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Operating Lease Payments (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021 (nine months)	$ 43,550
2022	75,878
2023	71,507
2024	64,277
2025	56,019
Thereafter	168,161
Total undiscounted lease payments	479,392
Less: imputed interest	(49,161)
Total discounted lease liabilities	$ 430,231	$ 377,229

Leases (Detail Textual)

Leases (Detail Textual) $ in Millions	3 Months Ended
	Sep. 30, 2020USD ($)
Leases [Abstract]
Operating lease, weighted average remaining lease term	7 years 1 month 28 days
Operating lease, weighted average discount rate	2.90%
Cash paid for operating leases	$ 22.4
Operating lease liabilities arising from obtaining new ROU assets	$ 70.5

Stock-Based Compensation (Detai

Stock-Based Compensation (Detail Textual) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation related to restricted stock units	$ 7.8	$ 7
2016 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grants	1,200,000
Cumulative equity instruments awarded	937,934
Cumulative equity instruments forfeited	197,997
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period to establish average share price for performance measurement	90 days
Average share price performance condition, percentage	100.00%
Maximum earned award, percentage of target award	200.00%
Percentage of earned award vesting after three years	50.00%
Percentage of earned award vesting after four years	50.00%
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 35.4
Weighted-average period to recognize unrecognized compensation cost (in years)	2 years 3 months 18 days

Stock-Based Compensation - Annu

Stock-Based Compensation - Annual Performance-Based Awards Granted (Detail)	3 Months Ended
	Sep. 30, 2020shares
FY2021 PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
PRSUs granted	7,059
FY2020 PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
PRSUs granted	108,844
FY2019 PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
PRSUs granted	129,108
Additional PRSUs earned pursuant to condition	12,462

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Activity Related to RSUs (Detail 1) - RSUs	3 Months Ended
	Sep. 30, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at June 30, 2020	501,923
Granted	73,504
Vested	(17,578)
Forfeited	(10,286)
Unvested at September 30, 2020	547,563

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic and Diluted Earnings per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 93,644	$ 67,977
Weighted-average number of basic shares outstanding during the period	25,099	24,894
Dilutive effect of RSUs after application of treasury stock method	387	638
Weighted-average number of diluted shares outstanding during the period	25,486	25,532
Basic earnings per share	$ 3.73	$ 2.73
Diluted earnings per share	$ 3.67	$ 2.66

Income Taxes (Detail Textual)

Income Taxes (Detail Textual) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Liability for unrecognized tax benefits	$ 9.2		$ 8.8
Unrecognized tax benefit that would impact the company's effective tax rate	$ 9.2
Effective tax rate, percentage	24.80%	18.40%

Business Segment Information (D

Business Segment Information (Detail Textual)	3 Months Ended
	Sep. 30, 2020Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Business Segment Information -

Business Segment Information - Summarized Financial Information of Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Revenue from external customers	$ 1,459,506	$ 1,363,392
Net income	93,644	67,977
Domestic Operations
Segment Reporting Information [Line Items]
Revenue from external customers	1,418,187	1,324,773
Net income	88,137	64,211
International Operations
Segment Reporting Information [Line Items]
Revenue from external customers	41,319	38,619
Net income	$ 5,507	$ 3,766

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Recurring Fair Value Measurements (Detail) - Fair Value, Measurements, Recurring - Level 2 - Interest Rate Swap - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Other accrued expenses and current liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements	$ 1,251
Other long-term liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements	$ 38,861	$ 43,168