CACI International (CACI) 10-Q 28 Jan 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2020	Jan. 19, 2021
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		25,231,269
Document Type	10-Q
Document Period End Date	Dec. 31, 2020
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
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		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Revenue	$ 1,468,711	$ 1,395,469	$ 2,928,217	$ 2,758,861
Operating costs and expenses:
Costs of revenue	947,131	904,867	1,887,065	1,783,748
Indirect costs and selling expenses	347,807	352,448	702,811	710,040
Depreciation and amortization	32,234	27,967	62,378	54,729
Total operating costs and expenses	1,327,172	1,285,282	2,652,254	2,548,517
Income from operations	141,539	110,187	275,963	210,344
Interest expense and other, net	9,087	14,714	19,067	31,525
Income before income taxes	132,452	95,473	256,896	178,819
Income tax expense	25,974	16,278	56,774	31,647
Net income	$ 106,478	$ 79,195	$ 200,122	$ 147,172
Basic earnings per share	$ 4.22	$ 3.16	$ 7.95	$ 5.89
Diluted earnings per share	$ 4.18	$ 3.11	$ 7.86	$ 5.78
Weighted-average basic shares outstanding	25,225	25,065	25,162	24,979
Weighted-average diluted shares outstanding	25,451	25,435	25,469	25,483

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 106,478	$ 79,195	$ 200,122	$ 147,172
Other comprehensive income (loss):
Foreign currency translation adjustment	13,713	11,215	21,506	5,907
Change in fair value of interest rate swap agreements, net of tax	2,644	3,735	4,896	(1,229)
Other comprehensive income (loss), net of tax	16,357	14,950	26,402	4,678
Comprehensive income	$ 122,835	$ 94,145	$ 226,524	$ 151,850

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Dec. 31, 2020		Jun. 30, 2020
Current assets:
Cash and cash equivalents	$ 102,114		$ 107,236
Accounts receivable, net	747,845		841,227
Prepaid expenses and other current assets	145,747		137,423
Total current assets	995,706		1,085,886
Goodwill	3,631,496		3,407,110
Intangible assets, net	510,101	[1]	406,885
Property and equipment, net	180,258		170,521
Operating lease right-of-use assets	374,310		330,767
Supplemental retirement savings plan assets	102,176		96,355
Accounts receivable, long-term	11,248		9,629
Other long-term assets	46,190		35,319
Total assets	5,851,485		5,542,472
Current liabilities:
Current portion of long-term debt	46,920		46,920
Accounts payable	60,683		89,961
Accrued compensation and benefits	379,978		338,760
Other accrued expenses and current liabilities	285,223		293,518
Total current liabilities	772,804		769,159
Long-term debt, net of current portion	1,371,222		1,357,519
Supplemental retirement savings plan obligations, net of current portion	110,517		103,004
Deferred income taxes	208,957		213,096
Operating lease liabilities, noncurrent	376,039		309,680
Other long-term liabilities	127,667		128,704
Total liabilities	2,967,206		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; 42,663 shares issued and 25,231 outstanding at December 31, 2020 and 42,525 shares issued and 25,093 outstanding at June 30, 2020	4,266		4,253
Additional paid-in capital	570,176		573,744
Retained earnings	2,931,766		2,731,644
Accumulated other comprehensive loss	(45,883)		(72,285)
Treasury stock, at cost (17,432 and 17,432 shares, respectively)	(576,181)		(576,181)
Total CACI shareholders’ equity	2,884,144		2,661,175
Noncontrolling interest	135		135
Total shareholders’ equity	2,884,279		2,661,310
Total liabilities and shareholders’ equity	$ 5,851,485		$ 5,542,472
[1]	During the six months ended December 31, 2020, the Company removed $0.6 million in fully amortized intangible assets.

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - $ / shares	Dec. 31, 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	42,663,000	42,525,000
Common stock, shares outstanding	25,231,000	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	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 200,122	$ 147,172
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization	62,378	54,729
Amortization of deferred financing costs	1,163	1,176
Non-cash lease expense	38,436	35,850
Stock-based compensation expense	15,041	14,499
Deferred income taxes	(6,311)	14,104
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable, net	94,292	51,458
Prepaid expenses and other assets	(20,605)	(28,921)
Accounts payable and other accrued expenses	(30,087)	8,121
Accrued compensation and benefits	39,461	1,529
Income taxes payable and receivable	11,107	(21,384)
Operating lease liabilities	(37,916)	(37,989)
Long-term liabilities	15,206	(3,319)
Net cash provided by operating activities	382,287	237,025
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(31,873)	(41,035)
Cash paid for business acquisitions, net of cash acquired	(355,127)	(102,056)
Net cash used in investing activities	(387,000)	(143,091)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under bank credit facilities	1,174,000	1,034,000
Principal payments made under bank credit facilities	(1,161,460)	(1,102,460)
Proceeds from employee stock purchase plans	4,664	3,665
Repurchases of common stock	(4,420)	(3,596)
Payment of taxes for equity transactions	(18,649)	(29,083)
Net cash used in financing activities	(5,865)	(97,474)
Effect of exchange rate changes on cash and cash equivalents	5,456	157
Net decrease in cash and cash equivalents	(5,122)	(3,383)
Cash and cash equivalents at beginning of period	107,236	72,028
Cash and cash equivalents at end of period	102,114	68,645
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for income taxes, net of refunds	50,903	38,048
Cash paid during the period for interest	17,210	28,410
Non-cash financing and investing activities:
Landlord sponsored tenant improvement	13,853	759
Accrued capital expenditures	$ 1,047	$ 4,910

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	147,172			147,172			147,172
Stock-based compensation expense	14,499		14,499				14,499
Tax withholdings on restricted share vestings	(29,070)	$ 19	(29,089)				(29,070)
Tax withholdings on restricted share vestings (in shares)		191
Change in fair value of interest rate swap agreements, net	(1,229)				(1,229)		(1,229)
Currency translation adjustment	5,907				5,907		5,907
Repurchases of common stock	(3,596)		(179)			$ (3,417)	(3,596)
Repurchases of common stock (in shares)						17
Treasury stock issued under stock purchase plans	3,431		13			$ 3,418	3,431
Treasury stock issued under stock purchase plans (in shares)						(17)
Ending balance at Dec. 31, 2019	2,508,580	$ 4,250	561,521	2,557,336	(38,478)	$ (576,184)	2,508,445	135
Ending balance, shares at Dec. 31, 2019		42,505				17,434
Beginning balance at Sep. 30, 2019	2,425,251	$ 4,239	572,348	2,478,141	(53,428)	$ (576,184)	2,425,116	135
Beginning balance, shares at Sep. 30, 2019		42,392				17,434
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	79,195			79,195			79,195
Stock-based compensation expense	7,461		7,461				7,461
Tax withholdings on restricted share vestings	(18,210)	$ 11	(18,221)				(18,210)
Tax withholdings on restricted share vestings (in shares)		113
Change in fair value of interest rate swap agreements, net	3,735				3,735		3,735
Currency translation adjustment	11,215				11,215		11,215
Repurchases of common stock	(1,879)		(67)			$ (1,812)	(1,879)
Repurchases of common stock (in shares)						9
Treasury stock issued under stock purchase plans	1,812					$ 1,812	1,812
Treasury stock issued under stock purchase plans (in shares)						(9)
Ending balance at Dec. 31, 2019	2,508,580	$ 4,250	561,521	2,557,336	(38,478)	$ (576,184)	2,508,445	135
Ending balance, shares at Dec. 31, 2019		42,505				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	200,122			200,122			200,122
Stock-based compensation expense	15,041		15,041				15,041
Tax withholdings on restricted share vestings	(18,582)	$ 13	(18,595)				(18,582)
Tax withholdings on restricted share vestings (in shares)		138
Change in fair value of interest rate swap agreements, net	4,896				4,896		4,896
Currency translation adjustment	21,506				21,506		21,506
Repurchases of common stock	(4,420)		(33)			$ (4,387)	(4,420)
Repurchases of common stock (in shares)						22
Treasury stock issued under stock purchase plans	4,406		19			$ 4,387	4,406
Treasury stock issued under stock purchase plans (in shares)						(22)
Ending balance at Dec. 31, 2020	2,884,279	$ 4,266	570,176	2,931,766	(45,883)	$ (576,181)	2,884,144	135
Ending balance, shares at Dec. 31, 2020		42,663				17,432
Beginning balance at Sep. 30, 2020	2,771,769	$ 4,254	580,513	2,825,288	(62,240)	$ (576,181)	2,771,634	135
Beginning balance, shares at Sep. 30, 2020		42,537				17,432
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	106,478			106,478			106,478
Stock-based compensation expense	7,194		7,194				7,194
Tax withholdings on restricted share vestings	(17,406)	$ 12	(17,418)				(17,406)
Tax withholdings on restricted share vestings (in shares)		126
Change in fair value of interest rate swap agreements, net	2,644				2,644		2,644
Currency translation adjustment	13,713				13,713		13,713
Repurchases of common stock	(2,346)		(113)			$ (2,233)	(2,346)
Repurchases of common stock (in shares)						12
Treasury stock issued under stock purchase plans	2,233					$ 2,233	2,233
Treasury stock issued under stock purchase plans (in shares)						(12)
Ending balance at Dec. 31, 2020	$ 2,884,279	$ 4,266	$ 570,176	$ 2,931,766	$ (45,883)	$ (576,181)	$ 2,884,144	$ 135
Ending balance, shares at Dec. 31, 2020		42,663				17,432

Basis of Presentation

Basis of Presentation	6 Months Ended
	Dec. 31, 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 December 31, 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 and six months ended December 31, 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	6 Months Ended
	Dec. 31, 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	6 Months Ended
	Dec. 31, 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 $211.0 million to goodwill and $133.8 million to intangible assets. The goodwill of $211.0 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	6 Months Ended
	Dec. 31, 2020
Finite Lived Intangible Assets Net [Abstract]
Intangible Assets	4 . Intangible Assets Intangible assets consisted of the following (in thousands): December 31, June 30, 2020 (1) 2020 Intangible assets: Customer contracts and related customer relationships $ 639,294 $ 570,562 Acquired technologies 198,243 129,925 Other 7 8 Intangible assets 837,544 700,495 Less accumulated amortization: Customer contracts and related customer relationships (293,304 ) (271,708 ) Acquired technologies (34,137 ) (21,900 ) Other (2 ) (2 ) Less accumulated amortization (327,443 ) (293,610 ) Total intangible assets, net $ 510,101 $ 406,885 __________________ (1) During the six months ended December 31, 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 December 31, 2020 is 17.7 years, and the weighted-average remaining period of amortization is 14.6 years. The weighted-average period of amortization for acquired technologies as of December 31, 2020 is 10.5 years, and the weighted-average remaining period of amortization is 9.2 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 (six months) $ 33,878 2022 68,590 2023 65,160 2024 57,809 2025 50,551 Thereafter 234,113 Total intangible assets, net $ 510,101

Goodwill

Goodwill	6 Months Ended
	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	5 . Goodwill The changes in the carrying amount of goodwill for the six months ended December 31, 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) 211,004 (1,478 ) 209,526 Foreign currency translation 1,391 13,469 14,860 Balance at December 31, 2020 $ 3,492,251 $ 139,245 $ 3,631,496 (1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Dec. 31, 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 and six months ended December 31, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended December 31, 2020 December 31, 2020 Domestic International Total Domestic International Total Cost-plus-fee $ 843,584 $ — $ 843,584 $ 1,667,193 $ — $ 1,667,193 Fixed-price 411,114 29,707 440,821 820,698 53,937 874,635 Time-and-materials 172,362 11,944 184,306 357,356 29,033 386,389 Total $ 1,427,060 $ 41,651 $ 1,468,711 $ 2,845,247 $ 82,970 $ 2,928,217 Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Domestic International Total Domestic International Total Cost-plus-fee $ 818,477 $ — $ 818,477 $ 1,566,191 $ — $ 1,566,191 Fixed-price 361,016 27,851 388,867 752,552 54,291 806,843 Time-and-materials 174,300 13,825 188,125 359,823 26,004 385,827 Total $ 1,353,793 $ 41,676 $ 1,395,469 $ 2,678,566 $ 80,295 $ 2,758,861 Customer Group The Company generated revenue from our primary customer groups as follows during the three and six months ended December 31, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended December 31, 2020 December 31, 2020 Domestic International Total Domestic International Total Department of Defense $ 1,012,875 $ — $ 1,012,875 $ 2,017,070 $ — $ 2,017,070 Federal Civilian agencies 390,034 — 390,034 780,213 — 780,213 Commercial and other 24,151 41,651 65,802 47,964 82,970 130,934 Total $ 1,427,060 $ 41,651 $ 1,468,711 $ 2,845,247 $ 82,970 $ 2,928,217 Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Domestic International Total Domestic International Total Department of Defense $ 990,381 $ — $ 990,381 $ 1,928,021 $ — $ 1,928,021 Federal Civilian agencies 342,029 — 342,029 706,022 — 706,022 Commercial and other 21,383 41,676 63,059 44,523 80,295 124,818 Total $ 1,353,793 $ 41,676 $ 1,395,469 $ 2,678,566 $ 80,295 $ 2,758,861 Prime or Subcontractor The Company generated revenue as either the prime or subcontractor as follows during the three and six months ended December 31, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended December 31, 2020 December 31, 2020 Domestic International Total Domestic International Total Prime contractor $ 1,288,533 $ 38,492 $ 1,327,025 $ 2,577,238 $ 76,625 $ 2,653,863 Subcontractor 138,527 3,159 141,686 268,009 6,345 274,354 Total $ 1,427,060 $ 41,651 $ 1,468,711 $ 2,845,247 $ 82,970 $ 2,928,217 Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Domestic International Total Domestic International Total Prime contractor $ 1,227,317 $ 39,338 $ 1,266,655 $ 2,424,951 $ 76,809 $ 2,501,760 Subcontractor 126,476 2,338 128,814 253,615 3,486 257,101 Total $ 1,353,793 $ 41,676 $ 1,395,469 $ 2,678,566 $ 80,295 $ 2,758,861 Expertise or Technology The Company generated revenue by providing expertise or technology solutions to our customers as follows during the three and six months ended December 31, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended December 31, 2020 December 31, 2020 Domestic International Total Domestic International Total Expertise $ 715,812 $ 16,464 $ 732,276 $ 1,439,009 $ 33,950 $ 1,472,959 Technology 711,248 25,187 736,435 1,406,238 49,020 1,455,258 Total $ 1,427,060 $ 41,651 $ 1,468,711 $ 2,845,247 $ 82,970 $ 2,928,217 Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Domestic International Total Domestic International Total Expertise $ 726,476 $ 15,558 $ 742,034 $ 1,435,501 $ 28,886 $ 1,464,387 Technology 627,317 26,118 653,435 1,243,065 51,409 1,294,474 Total $ 1,353,793 $ 41,676 $ 1,395,469 $ 2,678,566 $ 80,295 $ 2,758,861 Significant Estimates 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 and six months ended December 31, 2020, we recognized an increase to income before income taxes of $18.1 million ($0.53 per diluted share) and $25.9 million ($0.75 per diluted share), respectively, compared with $17.2 million ($0.50 per diluted share) and $23.8 million ($0.69 per diluted share) for the three and six months ended December 31, 2019, respectively, Revenue recognized from previously satisfied performance obligations was $1.2 million and $1.6 million for the three and six months ended December 31, 2020, respectively, compared with $9.8 million and $10.2 million for the three and six months ended December 31, 2019, respectively. 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 December 31, 2020 was $6.5 billion. The Company expects to recognize approximately 90 percent of our remaining performance obligations balance as revenue over the next twelve months and the remaining 10 percent thereafter

Accounts Receivable

Accounts Receivable	6 Months Ended
	Dec. 31, 2020
Accounts Receivable Net [Abstract]
Accounts Receivable	7. Accounts Receivable December 31, June 30, 2020 2020 Billed and billable receivables $ 668,563 $ 779,339 Unbilled receivables 79,282 61,888 Total accounts receivable, net – current 747,845 841,227 Unbilled receivables, long-term 11,248 9,629 Total accounts receivable $ 759,093 $ 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 $2.8 million and $3.0 million at December 31, 2020 and June 30, 2020, respectively.

Contract Balances

Contract Balances	6 Months Ended
	Dec. 31, 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): December 31, June 30, Description of Contract Related Balance Financial Statement Classification 2020 2020 Contract assets – current: Unbilled receivables Accounts receivable, net $ 79,282 $ 61,888 Costs to obtain – short-term Prepaid expenses and other current assets 3,692 3,492 Contract assets – noncurrent: Unbilled receivables Accounts receivable, long-term 11,248 9,629 Costs to obtain – long-term Other long-term assets 8,658 7,708 Contract liabilities – current: Deferred revenue and other contract liabilities – short-term Other accrued expenses and current liabilities (68,773 ) (57,082 ) Contract liabilities – noncurrent: Deferred revenue and other contract liabilities – long-term Other long-term liabilities (6,585 ) (6,507 ) Net contract assets (liabilities) $ 27,522 $ 19,128 During the three and six months ended December 31, 2020, we recognized $19.4 million and $52.9 million of revenue, respectively, compared with $12.1 million and $38.7 million of revenue , respectively,

Inventories

Inventories	6 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventories	9. Inventories Inventories consisted of the following (in thousands): December 31, June 30, 2020 2020 Materials, purchased parts and supplies $ 50,120 $ 36,692 Work in process 11,307 10,867 Finished goods 16,491 17,608 Total $ 77,918 $ 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	6 Months Ended
	Dec. 31, 2020
Transfers And Servicing Of Financial Assets [Abstract]
Sales of Receivables	10 . Sales of Receivables On December 24, 2020, 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 23, 2021. 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 December 31, 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 Six Months Ended December 31, 2020 2019 Beginning balance: $ 200,000 $ 192,527 Sales of receivables 1,354,577 1,144,293 Cash collections (1,354,819 ) (1,139,382 ) Outstanding balance sold to Purchaser: (1) 199,758 197,438 Cash collected, not remitted to Purchaser (2) (43,304 ) (53,904 ) Remaining sold receivables $ 156,454 $ 143,534 (1) For the six months ended December 31, 2020 and 2019, the Company recorded a net cash outflow of $0.2 million and a net cash inflow of $4.9 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 the Purchaser as of December 31, 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	6 Months Ended
	Dec. 31, 2020
Long Term Debt [Abstract]
Long-term Debt	1 1 . Long-term Debt Long-term debt consisted of the following (in thousands): December 31, June 30, 2020 2020 Bank credit facility – term loans $ 821,095 $ 844,555 Bank credit facility – revolver loans 605,000 569,000 Principal amount of long-term debt 1,426,095 1,413,555 Less unamortized discounts and debt issuance costs (7,953 ) (9,116 ) Total long-term debt 1,418,142 1,404,439 Less current portion (46,920 ) (46,920 ) Long-term debt, net of current portion $ 1,371,222 $ 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 December 31, 2020, the Company had $605.0 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 December 31, 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 2.49 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 December 31, 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 December 31, 2020 are as follows (in thousands): Twelve months ending December 31, 2021 $ 46,920 2022 46,920 2023 46,920 2024 1,285,335 Principal amount of long-term debt 1,426,095 Less unamortized discounts and debt issuance costs (7,953 ) Total long-term debt $ 1,418,142 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 and six months ended December 31, 2020 and 2019 is as follows (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Gain (loss) recognized in other comprehensive income $ (908 ) $ 3,557 $ (2,188 ) $ (639 ) Amounts reclassified to earnings from accumulated other comprehensive loss 3,552 178 7,084 (590 ) Net current period other comprehensive income (loss) $ 2,644 $ 3,735 $ 4,896 $ (1,229 )

Leases

Leases	6 Months Ended
	Dec. 31, 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): December 31, 2020 June 30, 2020 Operating lease right-of-use assets $ 374,310 $ 330,767 Operating lease liabilities, current 60,175 67,549 Operating lease liabilities, noncurrent 376,039 309,680 $ 436,214 $ 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 Six Months Ended December 31, December 31, 2020 2019 2020 2019 Operating lease cost $ 22,615 $ 21,382 $ 44,587 $ 42,588 Short-term and variable lease cost 3,611 3,623 7,279 6,993 Sublease income (86 ) (438 ) (212 ) (902 ) Total lease cost $ 26,140 $ 24,567 $ 51,654 $ 48,679 The Company’s future minimum lease payments under non-cancelable operating leases for the remainder of the fiscal year ending June 30, 2021, and for each of the fiscal years thereafter, are as follows (in thousands): Fiscal year ending June 30, 2021 (six months) $ 33,167 2022 77,286 2023 73,707 2024 66,459 2025 58,069 Thereafter 174,510 Total undiscounted lease payments 483,198 Less: imputed interest (46,984 ) Total discounted lease liabilities $ 436,214 The weighted-average remaining lease term (in years) and weighted-average discount rate was 7.09 years and 2.85 percent, respectively. Cash paid for operating leases was $44.2 million for the six months ended December 31, 2020. During the six months ended December 31, 2020 operating lease liabilities arising from obtaining new ROU assets was $81.8 million, which includes all noncash changes arising from new or remeasured operating lease arrangements.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 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 2019. 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	6 Months Ended
	Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	1 4 . Stock-Based Compensation For the six months ended December 31, 2020 and 2019, the Company recognized $15.0 million and $14.5 million of stock-based compensation, respectively, related to restricted stock units (RSUs). The stock-based compensation was included in indirect costs and selling expenses in the consolidated statements of operations. Activity related to RSUs during the six months ended December 31, 2020 is as follows: RSUs Unvested at June 30, 2020 501,923 Granted 184,319 Vested (223,180 ) Forfeited (17,207 ) Unvested at December 31, 2020 445,855 As of December 31, 2020, there was $54.4 million of total unrecognized compensation costs related to RSUs scheduled to be recognized over a weighted-average period of 2.8 years.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Dec. 31, 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 Six Months Ended December 31, December 31, 2020 2019 2020 2019 Net income $ 106,478 $ 79,195 $ 200,122 $ 147,172 Weighted-average number of basic shares outstanding during the period 25,225 25,065 25,162 24,979 Dilutive effect of RSUs after application of treasury stock method 226 370 307 504 Weighted-average number of diluted shares outstanding during the period 25,451 25,435 25,469 25,483 Basic earnings per share $ 4.22 $ 3.16 $ 7.95 $ 5.89 Diluted earnings per share $ 4.18 $ 3.11 $ 7.86 $ 5.78

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 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 2016. The Company does not expect resolution of this examination 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 December 31, 2020 and June 30, 2020 was $9.5 million and $8.8 million, respectively. The $9.5 million unrecognized tax benefit at December 31, 2020, if recognized, would positively impact the Company’s effective tax rate. The Company’s effective tax rate for the three and six months ended December 31, 2020 and 2019 are reflected below (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Income tax expense $ 25,974 $ 16,278 $ 56,774 $ 31,647 Effective income tax rate 19.6 % 17.1 % 22.1 % 17.7 % The effective income tax rate was 19.6 percent and 22.1 percent for the three and six months ended December 31, 2020, respectively, compared with 17.1 percent and 17.7 percent, respectively, for the same periods last year. For both comparative reporting periods, the increase in the effective tax rate was primarily due to a decrease in excess tax benefits related to employee stock-based compensation, partially offset by favorable changes related to the value of assets invested in COLI policies

Business Segment Information

Business Segment Information	6 Months Ended
	Dec. 31, 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 December 31, 2020 Revenue from external customers $ 1,427,060 $ 41,651 $ 1,468,711 Net income 99,921 6,557 106,478 Three Months Ended December 31, 2019 Revenue from external customers $ 1,353,793 $ 41,676 $ 1,395,469 Net income 74,684 4,511 79,195 Six Months Ended December 31, 2020 Revenue from external customers $ 2,845,247 $ 82,970 $ 2,928,217 Net income 188,058 12,064 200,122 Six Months Ended December 31, 2019 Revenue from external customers $ 2,678,566 $ 80,295 $ 2,758,861 Net income 138,895 8,277 147,172

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Dec. 31, 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 following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2020 and June 30, 2020, and the level they fall within the fair value hierarchy (in thousands): December 31, 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 $ 847 $ — Interest rate swap agreements Other long-term liabilities Level 2 $ 35,678 $ 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)	6 Months Ended
	Dec. 31, 2020
Finite Lived Intangible Assets Net [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following (in thousands): December 31, June 30, 2020 (1) 2020 Intangible assets: Customer contracts and related customer relationships $ 639,294 $ 570,562 Acquired technologies 198,243 129,925 Other 7 8 Intangible assets 837,544 700,495 Less accumulated amortization: Customer contracts and related customer relationships (293,304 ) (271,708 ) Acquired technologies (34,137 ) (21,900 ) Other (2 ) (2 ) Less accumulated amortization (327,443 ) (293,610 ) Total intangible assets, net $ 510,101 $ 406,885 __________________ (1) During the six months ended December 31, 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 (six months) $ 33,878 2022 68,590 2023 65,160 2024 57,809 2025 50,551 Thereafter 234,113 Total intangible assets, net $ 510,101

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Roll Forward of Goodwill	The changes in the carrying amount of goodwill for the six months ended December 31, 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) 211,004 (1,478 ) 209,526 Foreign currency translation 1,391 13,469 14,860 Balance at December 31, 2020 $ 3,492,251 $ 139,245 $ 3,631,496 (1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Dec. 31, 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 and six months ended December 31, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended December 31, 2020 December 31, 2020 Domestic International Total Domestic International Total Cost-plus-fee $ 843,584 $ — $ 843,584 $ 1,667,193 $ — $ 1,667,193 Fixed-price 411,114 29,707 440,821 820,698 53,937 874,635 Time-and-materials 172,362 11,944 184,306 357,356 29,033 386,389 Total $ 1,427,060 $ 41,651 $ 1,468,711 $ 2,845,247 $ 82,970 $ 2,928,217 Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Domestic International Total Domestic International Total Cost-plus-fee $ 818,477 $ — $ 818,477 $ 1,566,191 $ — $ 1,566,191 Fixed-price 361,016 27,851 388,867 752,552 54,291 806,843 Time-and-materials 174,300 13,825 188,125 359,823 26,004 385,827 Total $ 1,353,793 $ 41,676 $ 1,395,469 $ 2,678,566 $ 80,295 $ 2,758,861 Customer Group The Company generated revenue from our primary customer groups as follows during the three and six months ended December 31, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended December 31, 2020 December 31, 2020 Domestic International Total Domestic International Total Department of Defense $ 1,012,875 $ — $ 1,012,875 $ 2,017,070 $ — $ 2,017,070 Federal Civilian agencies 390,034 — 390,034 780,213 — 780,213 Commercial and other 24,151 41,651 65,802 47,964 82,970 130,934 Total $ 1,427,060 $ 41,651 $ 1,468,711 $ 2,845,247 $ 82,970 $ 2,928,217 Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Domestic International Total Domestic International Total Department of Defense $ 990,381 $ — $ 990,381 $ 1,928,021 $ — $ 1,928,021 Federal Civilian agencies 342,029 — 342,029 706,022 — 706,022 Commercial and other 21,383 41,676 63,059 44,523 80,295 124,818 Total $ 1,353,793 $ 41,676 $ 1,395,469 $ 2,678,566 $ 80,295 $ 2,758,861 Prime or Subcontractor The Company generated revenue as either the prime or subcontractor as follows during the three and six months ended December 31, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended December 31, 2020 December 31, 2020 Domestic International Total Domestic International Total Prime contractor $ 1,288,533 $ 38,492 $ 1,327,025 $ 2,577,238 $ 76,625 $ 2,653,863 Subcontractor 138,527 3,159 141,686 268,009 6,345 274,354 Total $ 1,427,060 $ 41,651 $ 1,468,711 $ 2,845,247 $ 82,970 $ 2,928,217 Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Domestic International Total Domestic International Total Prime contractor $ 1,227,317 $ 39,338 $ 1,266,655 $ 2,424,951 $ 76,809 $ 2,501,760 Subcontractor 126,476 2,338 128,814 253,615 3,486 257,101 Total $ 1,353,793 $ 41,676 $ 1,395,469 $ 2,678,566 $ 80,295 $ 2,758,861 Expertise or Technology The Company generated revenue by providing expertise or technology solutions to our customers as follows during the three and six months ended December 31, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended December 31, 2020 December 31, 2020 Domestic International Total Domestic International Total Expertise $ 715,812 $ 16,464 $ 732,276 $ 1,439,009 $ 33,950 $ 1,472,959 Technology 711,248 25,187 736,435 1,406,238 49,020 1,455,258 Total $ 1,427,060 $ 41,651 $ 1,468,711 $ 2,845,247 $ 82,970 $ 2,928,217 Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Domestic International Total Domestic International Total Expertise $ 726,476 $ 15,558 $ 742,034 $ 1,435,501 $ 28,886 $ 1,464,387 Technology 627,317 26,118 653,435 1,243,065 51,409 1,294,474 Total $ 1,353,793 $ 41,676 $ 1,395,469 $ 2,678,566 $ 80,295 $ 2,758,861

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Dec. 31, 2020
Accounts Receivable Net [Abstract]
Schedule of Total Accounts Receivable	December 31, June 30, 2020 2020 Billed and billable receivables $ 668,563 $ 779,339 Unbilled receivables 79,282 61,888 Total accounts receivable, net – current 747,845 841,227 Unbilled receivables, long-term 11,248 9,629 Total accounts receivable $ 759,093 $ 850,856

Contract Balances (Tables)

Contract Balances (Tables)	6 Months Ended
	Dec. 31, 2020
Revenue From Contract With Customer [Abstract]
Contract Assets and Liabilities	Net contract assets (liabilities) consisted of the following (in thousands): December 31, June 30, Description of Contract Related Balance Financial Statement Classification 2020 2020 Contract assets – current: Unbilled receivables Accounts receivable, net $ 79,282 $ 61,888 Costs to obtain – short-term Prepaid expenses and other current assets 3,692 3,492 Contract assets – noncurrent: Unbilled receivables Accounts receivable, long-term 11,248 9,629 Costs to obtain – long-term Other long-term assets 8,658 7,708 Contract liabilities – current: Deferred revenue and other contract liabilities – short-term Other accrued expenses and current liabilities (68,773 ) (57,082 ) Contract liabilities – noncurrent: Deferred revenue and other contract liabilities – long-term Other long-term liabilities (6,585 ) (6,507 ) Net contract assets (liabilities) $ 27,522 $ 19,128

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): December 31, June 30, 2020 2020 Materials, purchased parts and supplies $ 50,120 $ 36,692 Work in process 11,307 10,867 Finished goods 16,491 17,608 Total $ 77,918 $ 65,167

Sales of Receivables (Tables)

Sales of Receivables (Tables)	6 Months Ended
	Dec. 31, 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 Six Months Ended December 31, 2020 2019 Beginning balance: $ 200,000 $ 192,527 Sales of receivables 1,354,577 1,144,293 Cash collections (1,354,819 ) (1,139,382 ) Outstanding balance sold to Purchaser: (1) 199,758 197,438 Cash collected, not remitted to Purchaser (2) (43,304 ) (53,904 ) Remaining sold receivables $ 156,454 $ 143,534 (1) For the six months ended December 31, 2020 and 2019, the Company recorded a net cash outflow of $0.2 million and a net cash inflow of $4.9 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 the Purchaser as of December 31, 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)	6 Months Ended
	Dec. 31, 2020
Long Term Debt [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following (in thousands): December 31, June 30, 2020 2020 Bank credit facility – term loans $ 821,095 $ 844,555 Bank credit facility – revolver loans 605,000 569,000 Principal amount of long-term debt 1,426,095 1,413,555 Less unamortized discounts and debt issuance costs (7,953 ) (9,116 ) Total long-term debt 1,418,142 1,404,439 Less current portion (46,920 ) (46,920 ) Long-term debt, net of current portion $ 1,371,222 $ 1,357,519
Aggregate Maturities of Long-term Debt	The aggregate maturities of long-term debt at December 31, 2020 are as follows (in thousands): Twelve months ending December 31, 2021 $ 46,920 2022 46,920 2023 46,920 2024 1,285,335 Principal amount of long-term debt 1,426,095 Less unamortized discounts and debt issuance costs (7,953 ) Total long-term debt $ 1,418,142
Cash Flow Hedges	The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the three and six months ended December 31, 2020 and 2019 is as follows (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Gain (loss) recognized in other comprehensive income $ (908 ) $ 3,557 $ (2,188 ) $ (639 ) Amounts reclassified to earnings from accumulated other comprehensive loss 3,552 178 7,084 (590 ) Net current period other comprehensive income (loss) $ 2,644 $ 3,735 $ 4,896 $ (1,229 )

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Summary of Lease Balances	Lease balances in our consolidated balance sheet are as follows (in thousands): December 31, 2020 June 30, 2020 Operating lease right-of-use assets $ 374,310 $ 330,767 Operating lease liabilities, current 60,175 67,549 Operating lease liabilities, noncurrent 376,039 309,680 $ 436,214 $ 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 Six Months Ended December 31, December 31, 2020 2019 2020 2019 Operating lease cost $ 22,615 $ 21,382 $ 44,587 $ 42,588 Short-term and variable lease cost 3,611 3,623 7,279 6,993 Sublease income (86 ) (438 ) (212 ) (902 ) Total lease cost $ 26,140 $ 24,567 $ 51,654 $ 48,679
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, 2021, and for each of the fiscal years thereafter, are as follows (in thousands): Fiscal year ending June 30, 2021 (six months) $ 33,167 2022 77,286 2023 73,707 2024 66,459 2025 58,069 Thereafter 174,510 Total undiscounted lease payments 483,198 Less: imputed interest (46,984 ) Total discounted lease liabilities $ 436,214

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Activity Related to RSUs	Activity related to RSUs during the six months ended December 31, 2020 is as follows: RSUs Unvested at June 30, 2020 501,923 Granted 184,319 Vested (223,180 ) Forfeited (17,207 ) Unvested at December 31, 2020 445,855

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 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 Six Months Ended December 31, December 31, 2020 2019 2020 2019 Net income $ 106,478 $ 79,195 $ 200,122 $ 147,172 Weighted-average number of basic shares outstanding during the period 25,225 25,065 25,162 24,979 Dilutive effect of RSUs after application of treasury stock method 226 370 307 504 Weighted-average number of diluted shares outstanding during the period 25,451 25,435 25,469 25,483 Basic earnings per share $ 4.22 $ 3.16 $ 7.95 $ 5.89 Diluted earnings per share $ 4.18 $ 3.11 $ 7.86 $ 5.78

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The Company’s effective tax rate for the three and six months ended December 31, 2020 and 2019 are reflected below (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2020 2019 2020 2019 Income tax expense $ 25,974 $ 16,278 $ 56,774 $ 31,647 Effective income tax rate 19.6 % 17.1 % 22.1 % 17.7 %

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Dec. 31, 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 December 31, 2020 Revenue from external customers $ 1,427,060 $ 41,651 $ 1,468,711 Net income 99,921 6,557 106,478 Three Months Ended December 31, 2019 Revenue from external customers $ 1,353,793 $ 41,676 $ 1,395,469 Net income 74,684 4,511 79,195 Six Months Ended December 31, 2020 Revenue from external customers $ 2,845,247 $ 82,970 $ 2,928,217 Net income 188,058 12,064 200,122 Six Months Ended December 31, 2019 Revenue from external customers $ 2,678,566 $ 80,295 $ 2,758,861 Net income 138,895 8,277 147,172

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Dec. 31, 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 December 31, 2020 and June 30, 2020, and the level they fall within the fair value hierarchy (in thousands): December 31, 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 $ 847 $ — Interest rate swap agreements Other long-term liabilities Level 2 $ 35,678 $ 43,168

Acquisition (Detail Textual)

Acquisition (Detail Textual) - USD ($) $ in Thousands	Aug. 11, 2020	Dec. 31, 2020	Jun. 30, 2020
Business Acquisition [Line Items]
Goodwill		$ 3,631,496	$ 3,407,110
Customer contracts and related customer relationships
Business Acquisition [Line Items]
Amortization period of acquired intangible assets		17 years 8 months 12 days
Technology
Business Acquisition [Line Items]
Amortization period of acquired intangible assets		14 years 7 months 6 days
AVT
Business Acquisition [Line Items]
Purchase consideration	$ 348,800
Acquisition date	Aug. 11, 2020
Goodwill	$ 211,000
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	Dec. 31, 2020	[1]	Jun. 30, 2020
Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 837,544		$ 700,495
Less accumulated amortization	(327,443)		(293,610)
Total intangible assets, net	510,101		406,885
Customer contracts and related customer relationships
Finite Lived Intangible Assets [Line Items]
Intangible assets	639,294		570,562
Less accumulated amortization	(293,304)		(271,708)
Acquired technologies
Finite Lived Intangible Assets [Line Items]
Intangible assets	198,243		129,925
Less accumulated amortization	(34,137)		(21,900)
Other
Finite Lived Intangible Assets [Line Items]
Intangible assets	7		8
Less accumulated amortization	$ (2)		$ (2)
[1]	During the six months ended December 31, 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	6 Months Ended
	Dec. 31, 2020USD ($)
Finite Lived Intangible Assets Net [Abstract]
Removal of fully amortized intangible assets	$ 0.6

Intangible Assets (Detail Textu

Intangible Assets (Detail Textual)	6 Months Ended
	Dec. 31, 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 8 months 12 days
Weighted-average remaining amortization period	10 years 6 months
Acquired technologies
Finite Lived Intangible Assets [Line Items]
Weighted-average amortization period	14 years 7 months 6 days
Weighted-average remaining amortization period	9 years 2 months 12 days

Intangible Assets - Expected Am

Intangible Assets - Expected Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2020		Jun. 30, 2020
Finite Lived Intangible Assets Net [Abstract]
2021 (six months)	$ 33,878
2022	68,590
2023	65,160
2024	57,809
2025	50,551
Thereafter	234,113
Total intangible assets, net	$ 510,101	[1]	$ 406,885
[1]	During the six months ended December 31, 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	6 Months Ended
	Dec. 31, 2020USD ($)
Goodwill [Roll Forward]
Balance	$ 3,407,110
Goodwill acquired	209,526	[1]
Foreign currency translation	14,860
Balance	3,631,496
Domestic
Goodwill [Roll Forward]
Balance	3,279,856
Goodwill acquired	211,004	[1]
Foreign currency translation	1,391
Balance	3,492,251
International
Goodwill [Roll Forward]
Balance	127,254
Goodwill acquired	(1,478)	[1]
Foreign currency translation	13,469
Balance	$ 139,245
[1]	Includes goodwill initially allocated to new business combinations as well as measurement period adjustments.

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Disaggregation Of Revenue [Line Items]
Revenue	$ 1,468,711	$ 1,395,469	$ 2,928,217	$ 2,758,861
Expertise
Disaggregation Of Revenue [Line Items]
Revenue	732,276	742,034	1,472,959	1,464,387
Technology
Disaggregation Of Revenue [Line Items]
Revenue	736,435	653,435	1,455,258	1,294,474
Prime contractor
Disaggregation Of Revenue [Line Items]
Revenue	1,327,025	1,266,655	2,653,863	2,501,760
Subcontractor
Disaggregation Of Revenue [Line Items]
Revenue	141,686	128,814	274,354	257,101
Department of Defense
Disaggregation Of Revenue [Line Items]
Revenue	1,012,875	990,381	2,017,070	1,928,021
Federal civilian agencies
Disaggregation Of Revenue [Line Items]
Revenue	390,034	342,029	780,213	706,022
Commercial and other
Disaggregation Of Revenue [Line Items]
Revenue	65,802	63,059	130,934	124,818
Cost-plus-fee
Disaggregation Of Revenue [Line Items]
Revenue	843,584	818,477	1,667,193	1,566,191
Fixed-price
Disaggregation Of Revenue [Line Items]
Revenue	440,821	388,867	874,635	806,843
Time and materials
Disaggregation Of Revenue [Line Items]
Revenue	184,306	188,125	386,389	385,827
Domestic
Disaggregation Of Revenue [Line Items]
Revenue	1,427,060	1,353,793	2,845,247	2,678,566
Domestic | Expertise
Disaggregation Of Revenue [Line Items]
Revenue	715,812	726,476	1,439,009	1,435,501
Domestic | Technology
Disaggregation Of Revenue [Line Items]
Revenue	711,248	627,317	1,406,238	1,243,065
Domestic | Prime contractor
Disaggregation Of Revenue [Line Items]
Revenue	1,288,533	1,227,317	2,577,238	2,424,951
Domestic | Subcontractor
Disaggregation Of Revenue [Line Items]
Revenue	138,527	126,476	268,009	253,615
Domestic | Department of Defense
Disaggregation Of Revenue [Line Items]
Revenue	1,012,875	990,381	2,017,070	1,928,021
Domestic | Federal civilian agencies
Disaggregation Of Revenue [Line Items]
Revenue	390,034	342,029	780,213	706,022
Domestic | Commercial and other
Disaggregation Of Revenue [Line Items]
Revenue	24,151	21,383	47,964	44,523
Domestic | Cost-plus-fee
Disaggregation Of Revenue [Line Items]
Revenue	843,584	818,477	1,667,193	1,566,191
Domestic | Fixed-price
Disaggregation Of Revenue [Line Items]
Revenue	411,114	361,016	820,698	752,552
Domestic | Time and materials
Disaggregation Of Revenue [Line Items]
Revenue	172,362	174,300	357,356	359,823
International
Disaggregation Of Revenue [Line Items]
Revenue	41,651	41,676	82,970	80,295
International | Expertise
Disaggregation Of Revenue [Line Items]
Revenue	16,464	15,558	33,950	28,886
International | Technology
Disaggregation Of Revenue [Line Items]
Revenue	25,187	26,118	49,020	51,409
International | Prime contractor
Disaggregation Of Revenue [Line Items]
Revenue	38,492	39,338	76,625	76,809
International | Subcontractor
Disaggregation Of Revenue [Line Items]
Revenue	3,159	2,338	6,345	3,486
International | Commercial and other
Disaggregation Of Revenue [Line Items]
Revenue	41,651	41,676	82,970	80,295
International | Fixed-price
Disaggregation Of Revenue [Line Items]
Revenue	29,707	27,851	53,937	54,291
International | Time and materials
Disaggregation Of Revenue [Line Items]
Revenue	$ 11,944	$ 13,825	$ 29,033	$ 26,004

Revenue Recognition (Detail Tex

Revenue Recognition (Detail Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Change In Accounting Estimate [Line Items]
Income before income taxes	$ 132,452	$ 95,473	$ 256,896	$ 178,819
Diluted earnings per share	$ 4.18	$ 3.11	$ 7.86	$ 5.78
EAC Adjustments
Change In Accounting Estimate [Line Items]
Income before income taxes	$ 18,100	$ 17,200	$ 25,900	$ 23,800
Diluted earnings per share	$ 0.53	$ 0.50	$ 0.75	$ 0.69
Revenue from previously satisfied performance obligations	$ 1,200	$ 9,800	$ 1,600	$ 10,200

Revenue - Remaining Performance

Revenue - Remaining Performance Obligations (Detail) $ in Billions	Dec. 31, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Remaining performance obligations	$ 6.5

Revenue - Remaining Performan_2

Revenue - Remaining Performance Obligations (Detail 1)	Dec. 31, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-01-01
Remaining Performance Obligations [Line Items]
Remaining performance obligations, expected satisfaction, percentage	90.00%
Remaining performance obligations, expected timing of satisfaction	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Remaining Performance Obligations [Line Items]
Remaining performance obligations, expected satisfaction, percentage	10.00%
Remaining performance obligations, expected timing of satisfaction

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Total Accounts Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Accounts Receivable Net [Abstract]
Billed and billable receivables	$ 668,563	$ 779,339
Unbilled receivables	79,282	61,888
Total accounts receivable, net – current	747,845	841,227
Unbilled receivables, long-term	11,248	9,629
Total accounts receivable	$ 759,093	$ 850,856

Accounts Receivable (Detail Tex

Accounts Receivable (Detail Textual) - USD ($) $ in Millions	Dec. 31, 2020	Jun. 30, 2020
Accounts Receivable Net [Abstract]
Allowance for doubtful accounts receivable	$ 2.8	$ 3

Contract Balances - Contract As

Contract Balances - Contract Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Contract assets – current:
Unbilled receivables	$ 79,282	$ 61,888
Costs to obtain – short-term	3,692	3,492
Contract assets – noncurrent:
Unbilled receivables	11,248	9,629
Costs to obtain – long-term	8,658	7,708
Contract liabilities – current:
Deferred revenue and other contract liabilities – short-term	(68,773)	(57,082)
Contract liabilities – noncurrent:
Deferred revenue and other contract liabilities – long-term	(6,585)	(6,507)
Net contract assets (liabilities)	$ 27,522	$ 19,128

Contract Balances (Detail Textu

Contract Balances (Detail Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Liability, revenue recognized	$ 19.4	$ 12.1	$ 52.9	$ 38.7

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Inventory Disclosure [Abstract]
Materials, purchased parts and supplies	$ 50,120	$ 36,692
Work in process	11,307	10,867
Finished goods	16,491	17,608
Total	$ 77,918	$ 65,167

Sales of Receivables (Detail Te

Sales of Receivables (Detail Textual) $ in Millions	Dec. 24, 2020USD ($)
MARPA
MARPA maturity date	Dec. 23, 2021
MARPA maximum commitment	$ 200

Sales of Receivables - Summary

Sales of Receivables - Summary of MARPA Activity (Detail) - USD ($) $ in Thousands		Dec. 31, 2020		Jun. 30, 2020	Dec. 31, 2019		Jun. 30, 2019
Transfers And Servicing Of Financial Assets [Abstract]
Outstanding balance sold to Purchaser		$ 199,758	[1]	$ 200,000	$ 197,438	[1]	$ 192,527
Sales of receivables		1,354,577			1,144,293
Cash collections		(1,354,819)			(1,139,382)
Cash collected, not remitted to Purchaser	[2]	(43,304)			(53,904)
Remaining sold receivables		$ 156,454			$ 143,534
[1]	For the six months ended December 31, 2020 and 2019, the Company recorded a net cash outflow of $0.2 million and a net cash inflow of $4.9 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 the Purchaser as of December 31, 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	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Transfers And Servicing Of Financial Assets [Abstract]
Cash provided (used) by MARPA	$ (0.2)	$ 4.9

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 1,426,095	$ 1,413,555
Less unamortized discounts and debt issuance costs	(7,953)	(9,116)
Total long-term debt	1,418,142	1,404,439
Less current portion	(46,920)	(46,920)
Long-term debt, net of current portion	1,371,222	1,357,519
Bank credit facility - term loans
Debt Instrument [Line Items]
Principal amount of long-term debt	821,095	844,555
Bank credit facility - revolver loans
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 605,000	$ 569,000

Long-term Debt (Detail Textual)

Long-term Debt (Detail Textual) - USD ($)	6 Months Ended
	Dec. 31, 2020	Jun. 30, 2020
Debt Instrument [Line Items]
Outstanding amount under Credit Facility	$ 1,426,095,000	$ 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	2.49%
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	$ 1,500,000,000
Outstanding amount under Credit Facility	605,000,000	569,000,000
Term loans
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	938,400,000
Outstanding amount under Credit Facility	$ 821,095,000	$ 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	Dec. 31, 2020	Jun. 30, 2020
Long Term Debt [Abstract]
2021	$ 46,920
2022	46,920
2023	46,920
2024	1,285,335
Principal amount of long-term debt	1,426,095	$ 1,413,555
Less unamortized discounts and debt issuance costs	(7,953)	(9,116)
Total long-term debt	$ 1,418,142	$ 1,404,439

Long-term Debt - Cash Flow Hedg

Long-term Debt - Cash Flow Hedges (Detail 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Long Term Debt [Abstract]
Gain (loss) recognized in other comprehensive income	$ (908)	$ 3,557	$ (2,188)	$ (639)
Amounts reclassified to earnings from accumulated other comprehensive loss	3,552	178	7,084	(590)
Net current period other comprehensive income (loss)	$ 2,644	$ 3,735	$ 4,896	$ (1,229)

Leases - Summary of Lease Balan

Leases - Summary of Lease Balances (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 374,310	$ 330,767
Operating lease liabilities, current	60,175	67,549
Operating lease liabilities, noncurrent	376,039	309,680
Operating lease liabilities	$ 436,214	$ 377,229

Leases - Summary of Lease Costs

Leases - Summary of Lease Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 22,615	$ 21,382	$ 44,587	$ 42,588
Short-term and variable lease cost	3,611	3,623	7,279	6,993
Sublease income	(86)	(438)	(212)	(902)
Total lease cost	$ 26,140	$ 24,567	$ 51,654	$ 48,679

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Operating Lease Payments (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021 (six months)	$ 33,167
2022	77,286
2023	73,707
2024	66,459
2025	58,069
Thereafter	174,510
Total undiscounted lease payments	483,198
Less: imputed interest	(46,984)
Total discounted lease liabilities	$ 436,214	$ 377,229

Leases (Detail Textual)

Leases (Detail Textual) $ in Millions	6 Months Ended
	Dec. 31, 2020USD ($)
Leases [Abstract]
Operating lease, weighted average remaining lease term	7 years 1 month 2 days
Operating lease, weighted average discount rate	2.85%
Cash paid for operating leases	$ 44.2
Operating lease liabilities arising from obtaining new ROU assets	$ 81.8

Stock-Based Compensation (Detai

Stock-Based Compensation (Detail Textual) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation related to restricted stock units	$ 15	$ 14.5
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 54.4
Weighted-average period to recognize unrecognized compensation cost (in years)	2 years 9 months 18 days

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Activity Related to RSUs (Detail 1) - RSUs	6 Months Ended
	Dec. 31, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at June 30, 2020	501,923
Granted	184,319
Vested	(223,180)
Forfeited	(17,207)
Unvested at December 31, 2020	445,855

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		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income	$ 106,478	$ 79,195	$ 200,122	$ 147,172
Weighted-average number of basic shares outstanding during the period	25,225	25,065	25,162	24,979
Dilutive effect of RSUs after application of treasury stock method	226	370	307	504
Weighted-average number of diluted shares outstanding during the period	25,451	25,435	25,469	25,483
Basic earnings per share	$ 4.22	$ 3.16	$ 7.95	$ 5.89
Diluted earnings per share	$ 4.18	$ 3.11	$ 7.86	$ 5.78

Income Taxes (Detail Textual)

Income Taxes (Detail Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Liability for unrecognized tax benefits	$ 9.5		$ 9.5		$ 8.8
Unrecognized tax benefit that would impact the company's effective tax rate	$ 9.5		$ 9.5
Effective income tax rate	19.60%	17.10%	22.10%	17.70%

Income Taxes - Schedule Of Effe

Income Taxes - Schedule Of Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense	$ 25,974	$ 16,278	$ 56,774	$ 31,647
Effective income tax rate	19.60%	17.10%	22.10%	17.70%

Business Segment Information (D

Business Segment Information (Detail Textual)	6 Months Ended
	Dec. 31, 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		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenue from external customers	$ 1,468,711	$ 1,395,469	$ 2,928,217	$ 2,758,861
Net income	106,478	79,195	200,122	147,172
Domestic Operations
Segment Reporting Information [Line Items]
Revenue from external customers	1,427,060	1,353,793	2,845,247	2,678,566
Net income	99,921	74,684	188,058	138,895
International Operations
Segment Reporting Information [Line Items]
Revenue from external customers	41,651	41,676	82,970	80,295
Net income	$ 6,557	$ 4,511	$ 12,064	$ 8,277

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	Dec. 31, 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	$ 847
Other long-term liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements	$ 35,678	$ 43,168