CACI International (CACI) 10-Q 28 Oct 21 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2021	Oct. 11, 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		23,327,067
Document Type	10-Q
Document Period End Date	Sep. 30, 2021
Amendment Flag	false
Document Fiscal Year Focus	2022
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	12021 Sunset Hills Road
Entity Address, City or Town	Reston
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	20190
City Area Code	703
Local Phone Number	841-7800
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenues	$ 1,490,898	$ 1,459,506
Costs of revenues:
Direct costs	974,171	939,934
Indirect costs and selling expenses	357,106	355,004
Depreciation and amortization	32,592	30,144
Total costs of revenues	1,363,869	1,325,082
Income from operations	127,029	134,424
Interest expense and other, net	10,398	9,980
Income before income taxes	116,631	124,444
Income taxes	28,522	30,800
Net income	$ 88,109	$ 93,644
Basic earnings per share	$ 3.74	$ 3.73
Diluted earnings per share	$ 3.70	$ 3.67
Weighted-average basic shares outstanding	23,560	25,099
Weighted-average diluted shares outstanding	23,844	25,486

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 88,109	$ 93,644
Other comprehensive income (loss):
Foreign currency translation adjustment	(6,762)	7,793
Change in fair value of interest rate swap agreements, net of tax	2,214	2,252
Other comprehensive (loss) income, net of tax	(4,548)	10,045
Comprehensive income	$ 83,561	$ 103,689

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2021		Jun. 30, 2021
Current assets:
Cash and cash equivalents	$ 104,430		$ 88,031
Accounts receivable, net	774,934		879,851
Prepaid expenses and other current assets	362,809		363,294
Total current assets	1,242,173		1,331,176
Goodwill	3,707,719		3,632,578
Intangible assets, net	501,574	[1]	476,106
Property, plant and equipment, net	183,864		190,444
Operating lease right-of-use assets	359,603		356,887
Supplemental retirement savings plan assets	103,048		102,984
Accounts receivable, long-term	11,540		12,159
Other long-term assets	69,789		70,038
Total assets	6,179,310		6,172,372
Current liabilities:
Current portion of long-term debt	46,920		46,920
Accounts payable	119,176		148,636
Accrued compensation and benefits	370,905		409,275
Other accrued expenses and current liabilities	299,273		279,970
Total current liabilities	836,274		884,801
Long-term debt, net of current portion	1,647,765		1,688,919
Supplemental retirement savings plan obligations, net of current portion	106,574		104,490
Deferred income taxes	330,658		327,230
Operating lease liabilities, noncurrent	366,492		363,302
Other long-term liabilities	136,425		138,352
Total liabilities	3,424,188		3,507,094
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; 42,710 shares issued and 23,306 outstanding at September 30, 2021 and 42,676 shares issued and 23,554 outstanding at June 30, 2021	4,271		4,268
Additional paid-in capital	561,688		484,260
Retained earnings	3,277,196		3,189,087
Accumulated other comprehensive loss	(40,839)		(36,291)
Treasury stock, at cost (19,404 and 19,122 shares, respectively)	(1,047,329)		(976,181)
Total CACI shareholders’ equity	2,754,987		2,665,143
Noncontrolling interest	135		135
Total shareholders’ equity	2,755,122		2,665,278
Total liabilities and shareholders’ equity	$ 6,179,310		$ 6,172,372
[1]	During the three months ended September 30, 2021, the Company removed $26.8 million in fully amortized intangible assets.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - $ / shares	Sep. 30, 2021	Jun. 30, 2021
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	42,710,000	42,676,000
Common stock, shares outstanding	23,306,000	23,554,000
Treasury stock, shares at cost	19,404,000	19,122,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 88,109	$ 93,644
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	32,592	30,144
Amortization of deferred financing costs	576	583
Non-cash lease expense	16,960	19,056
Stock-based compensation expense	6,669	7,847
Deferred income taxes	(4,461)	2,339
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable, net	108,236	20,987
Prepaid expenses and other assets	(24,085)	(21,420)
Accounts payable and other accrued expenses	(16,235)	21,109
Accrued compensation and benefits	(40,521)	(23,882)
Income taxes payable and receivable	31,444	8,384
Operating lease liabilities	(16,076)	(19,364)
Long-term liabilities	2,745	37,473
Net cash provided by operating activities	185,953	176,900
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(10,203)	(16,282)
Acquisition of businesses, net of cash acquired	(116,273)	(354,095)
Net cash used in investing activities	(126,476)	(370,377)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under bank credit facilities	548,000	839,500
Principal payments made under bank credit facilities	(589,730)	(630,230)
Proceeds from employee stock purchase plans	2,911	2,431
Repurchases of common stock	(2,472)	(2,074)
Payment of taxes for equity transactions	(426)	(688)
Net cash (used in) provided by financing activities	(41,717)	208,939
Effect of exchange rate changes on cash and cash equivalents	(1,361)	2,164
Net change in cash and cash equivalents	16,399	17,626
Cash and cash equivalents at beginning of period	88,031	107,236
Cash and cash equivalents at end of period	104,430	124,862
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for income taxes, net of refunds	518	19,725
Cash paid during the period for interest	9,383	8,768
Non-cash financing and investing activities:
Landlord sponsored tenant incentives	724	1,389
Accrued capital expenditures	$ 227	$ 938

CONDENSED CONSOLIDATED STATEM_4

CONDENSED 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, 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
Other comprehensive income (loss), net of tax	10,045				10,045		10,045
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
Beginning balance at Jun. 30, 2021	2,665,278	$ 4,268	484,260	3,189,087	(36,291)	$ (976,181)	2,665,143	135
Beginning balance, shares at Jun. 30, 2021		42,676				19,122
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	88,109			88,109			88,109
Stock-based compensation expense	6,669		6,669				6,669
Tax withholdings on restricted share vestings	(273)	$ 3	(276)				(273)
Tax withholdings on restricted share vestings (in shares)		34
Other comprehensive income (loss), net of tax	(4,548)				(4,548)		(4,548)
Repurchases of common stock	(2,472)		70,974			$ (73,446)	(2,472)
Repurchases of common stock (in shares)						292
Treasury stock issued under stock purchase plans	2,359		61			$ 2,298	2,359
Treasury stock issued under stock purchase plans (in shares)						(10)
Ending balance at Sep. 30, 2021	$ 2,755,122	$ 4,271	$ 561,688	$ 3,277,196	$ (40,839)	$ (1,047,329)	$ 2,754,987	$ 135
Ending balance, shares at Sep. 30, 2021		42,710				19,404

Basis of Presentation

Basis of Presentation	3 Months Ended
	Sep. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Note 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, 2021 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 10 and 15. 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, 2021. The results of operations for the three months ended September 30, 2021 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, 2021
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Recent Accounting Pronouncements	Note 2. Recent Accounting Pronouncements In March 2020, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions that reference the London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued because of reference rate reform. The guidance in this ASU is optional and expedients may be elected over time through December 31, 2022, as reference rate reform activities occur. During the three months ended June 30, 2020, CACI elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives consistent with past presentation. Application of these expedients assisted in preserving the Company's presentation of derivatives as qualifying cash flow hedges. The Company continues to evaluate this guidance and may apply other elections, as applicable, as additional changes in the market occur.

Acquisitions

Acquisitions	3 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Acquisitions	Note 3. Acquisitions During the three months ended September 30, 2021 CACI completed two acquisitions that provide mission technology to sensitive government customers. Their capabilities include open source intelligence solutions, specialized cyber, and satellite communications. The aggregate purchase consideration was approximately $120.3 million. The Company preliminarily recognized fair values of the assets acquired and liabilities assumed and allocated $79.7 million to goodwill and $43.5 million to intangible assets. 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 $44.0 million is deductible for income tax purposes.

Intangible Assets

Intangible Assets	3 Months Ended
	Sep. 30, 2021
Finite Lived Intangible Assets Net [Abstract]
Intangible Assets	Note 4 . Intangible Assets Intangible assets, net consisted of the following (in thousands): September 30, June 30, 2021 (1) 2021 Intangible assets: Customer contracts and related customer relationships $ 598,074 $ 601,516 Acquired technologies 217,711 198,273 Intangible assets 815,785 799,789 Less accumulated amortization: Customer contracts and related customer relationships (259,607 ) (276,498 ) Acquired technologies (54,604 ) (47,185 ) Less accumulated amortization (314,211 ) (323,683 ) Total intangible assets, net $ 501,574 $ 476,106 (1) During the three months ended September 30, 2021, the Company removed $26.8 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, 2021 is 17.9 years, and the weighted-average remaining period of amortization is 14.4 years. The weighted-average period of amortization for acquired technologies as of September 30, 2021 is 10.1 years, and the weighted-average remaining period of amortization is 8.4 years. Amortization expense for the three months ended September 30, 2021 and 2020 was $17.6 million and $16.1 million, respectively. The estimated annual amortization expense as of September 30, 2021 was as follows (in thousands): Fiscal year ending June 30, Amount 2022 (remainder of year) $ 53,442 2023 69,062 2024 62,060 2025 54,886 2026 47,083 2027 and thereafter 215,041 $ 501,574

Goodwill

Goodwill	3 Months Ended
	Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	Note 5 . Goodwill The changes in the carrying amount of goodwill for the three months ended September 30, 2021 are as follows (in thousands): Domestic International Total Balance at June 30, 2021 $ 3,491,747 $ 140,831 $ 3,632,578 Goodwill acquired (1) 79,690 — 79,690 Foreign currency translation (739 ) (3,810 ) (4,549 ) Balance at September 30, 2021 $ 3,570,698 $ 137,021 $ 3,707,719 (1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable.

Revenues from Contracts with Cu

Revenues from Contracts with Customers	3 Months Ended
	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Revenues from Contracts with Customers	Note 6 . Revenues from Contracts with Customers Disaggregation of Revenues The Company disaggregates revenues by contract type, customer type, prime vs. subcontractor, and whether the solution provided is primarily expertise or technology. These categories represent how the nature, amount, timing, and uncertainty of revenues and cash flows are affected. Disaggregated revenues by contract type were as follows (in thousands): Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Domestic International Total Domestic International Total Cost-plus-fee $ 893,713 $ — $ 893,713 $ 823,609 $ — $ 823,609 Fixed-price 374,474 33,231 407,705 409,584 24,230 433,814 Time-and-materials 175,535 13,945 189,480 184,994 17,089 202,083 Total $ 1,443,722 $ 47,176 $ 1,490,898 $ 1,418,187 $ 41,319 $ 1,459,506 Disaggregated revenues by customer type were as follows (in thousands): Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Domestic International Total Domestic International Total Department of Defense $ 1,000,127 $ — $ 1,000,127 $ 1,004,195 $ — $ 1,004,195 Federal Civilian agencies 413,664 — 413,664 390,179 — 390,179 Commercial and other 29,931 47,176 77,107 23,813 41,319 65,132 Total $ 1,443,722 $ 47,176 $ 1,490,898 $ 1,418,187 $ 41,319 $ 1,459,506 Disaggregated revenues by prime vs. subcontractor were as follows (in thousands): Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Domestic International Total Domestic International Total Prime contractor $ 1,298,653 $ 42,906 $ 1,341,559 $ 1,288,705 $ 38,133 $ 1,326,838 Subcontractor 145,069 4,270 149,339 129,482 3,186 132,668 Total $ 1,443,722 $ 47,176 $ 1,490,898 $ 1,418,187 $ 41,319 $ 1,459,506 Disaggregated revenues by expertise or technology were as follows (in thousands): Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Domestic International Total Domestic International Total Expertise $ 683,624 $ 19,422 $ 703,046 $ 723,197 $ 17,486 $ 740,683 Technology 760,098 27,754 787,852 694,990 23,833 718,823 Total $ 1,443,722 $ 47,176 $ 1,490,898 $ 1,418,187 $ 41,319 $ 1,459,506 Changes in Estimates The Company recognizes revenues on many of its fixed price, award fee, and incentive fee arrangements 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 process requires the Company to use professional judgment when assessing risks, estimating contract revenues and costs, estimating variable consideration, and making assumptions for schedule and technical issues. The Company periodically reassesses its assumptions and updates its estimates as needed. When estimates of total costs to be incurred on a contract exceed total revenues, a provision for the entire loss on the contract is recorded in the period in which the loss is determined. Aggregate net changes in estimates for the three months ended September 30, 2021 reflected an increase to income before income taxes of $2.8 million ($0.09 per diluted share), compared with $7.8 million ($0.22 per diluted share) for the three months ended September 30, 2020 Revenues recognized from previously satisfied performance obligations were immaterial for the three months ended September 30, 2021 and 2020. The change in revenues generally relates to final true-up adjustments for estimated award or incentive fees in the period in which the customer’s final performance score was received or when it can be determined that more objective, contractually-defined criteria have been fully satisfied. Remaining Performance Obligations Remaining performance obligations (RPO) represent the expected revenues to be recognized for the satisfaction of remaining performance obligations on 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 RPO balance generally increases with the execution of new contracts and converts into revenues as 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. As of September 30, 2021, the Company had $7.5 billion of RPO and expects to recognize approximately 80 percent over the next twelve months with the remainder thereafter

Contract Balances

Contract Balances	3 Months Ended
	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Contract Balances	Note 7 . Contract Balances Contract balances consisted of the following (in thousands): September 30, June 30, Description of Contract Related Balance Financial Statement Classification 2021 2021 Billed and billable receivables Accounts receivable, net $ 676,912 $ 763,921 Contract assets – current unbilled receivables Accounts receivable, net 98,022 115,930 Contract assets – current costs to obtain Prepaid expenses and other current assets 4,411 4,144 Contract assets – noncurrent unbilled receivables Accounts receivable, long-term 11,540 12,159 Contract assets – noncurrent costs to obtain Other long-term assets 10,927 9,584 Contract liabilities – current deferred revenue and other contract liabilities Other accrued expenses and current liabilities (80,551 ) (70,907 ) Contract liabilities – noncurrent deferred revenue and other contract liabilities Other long-term liabilities (7,015 ) (6,837 ) During the three months ended September 30, 2021, the Company recognized $54.7 million of revenues, compared with $33.5 million of revenues ,

Inventories

Inventories	3 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Inventories	Note 8 . Inventories Inventories consisted of the following (in thousands): September 30, June 30, 2021 2021 Materials, purchased parts and supplies $ 57,047 $ 52,615 Work in process 15,439 11,353 Finished goods 14,102 15,728 Total $ 86,588 $ 79,696 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, 2021
Transfers And Servicing Of Financial Assets [Abstract]
Sales of Receivables	Note 9 . 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 September 30, 2021. Proceeds from the sold receivables are reflected in operating cash flows on the statement of cash flows. MARPA activity consisted of the following (in thousands): As of and for the Three Months Ended September 30, 2021 2020 Beginning balance: $ 182,027 $ 200,000 Sales of receivables 690,132 626,603 Cash collections (678,643 ) (642,398 ) Outstanding balance sold to Purchaser: (1) 193,516 184,205 Cash collected, not remitted to Purchaser (2) (51,034 ) (79,804 ) Remaining sold receivables $ 142,482 $ 104,401 (1) For the three months ended September 30, 2021 and 2020, the Company recorded a net cash inflow of $11.5 million and a net cash outflow of $15.8 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 September 30, 2021 and 2020. 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, 2021
Long Term Debt [Abstract]
Long-term Debt	Note 1 0 . Long-term Debt Long-term debt consisted of the following (in thousands): September 30, June 30, 2021 2021 Bank credit facility – term loans $ 785,905 $ 797,635 Bank credit facility – revolver loans 915,000 945,000 Principal amount of long-term debt 1,700,905 1,742,635 Less unamortized discounts and debt issuance costs (6,220 ) (6,796 ) Total long-term debt 1,694,685 1,735,839 Less current portion (46,920 ) (46,920 ) Long-term debt, net of current portion $ 1,647,765 $ 1,688,919 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, 2021, the Company had $915.0 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, 2021, 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 2.16 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, 2021, 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, 2021 were as follows (in thousands): Twelve months ending September 30, 2022 $ 46,920 2023 46,920 2024 1,607,065 Principal amount of long-term debt 1,700,905 Less unamortized discounts and debt issuance costs (6,220 ) Total long-term debt $ 1,694,685 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 $650.0 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, 2021 and 2020 is as follows (in thousands): Three Months Ended September 30, 2021 2020 Loss recognized in other comprehensive income $ (1,008 ) $ (1,280 ) Amounts reclassified to earnings from accumulated other comprehensive loss 3,222 3,532 Net current period other comprehensive income $ 2,214 $ 2,252

Legal Proceedings and Other Com

Legal Proceedings and Other Commitments and Contingencies	3 Months Ended
	Sep. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Legal Proceedings and Other Commitments and Contingencies	Note 1 1 . Legal Proceedings and Other Commitments and Contingencies Legal Proceedings The Company is involved in various claims, lawsuits, and administrative proceedings arising in the normal course of business, none of which, based on current information, are expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows. Government Contracting Payments to the Company on cost-plus-fee and 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. The Company is still negotiating the results of prior years’ audits with the respective cognizant contracting officers and believe its reserves for such are adequate. Adjustments that may result from these audits and the audits not yet started are not expected to have a material effect on the Company’s financial position, results of operations, or cash flows and the Company has accrued its best estimate of potential disallowances. Additionally, the DCAA continually reviews the cost accounting and other practices of government contractors, including the Company. In the course of those reviews, cost accounting and other issues may be identified, discussed and settled.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Note 1 2 . 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, 2021 2020 Net income $ 88,109 $ 93,644 Weighted-average number of basic shares outstanding during the period 23,560 25,099 Dilutive effect of RSUs after application of treasury stock method 284 387 Weighted-average number of diluted shares outstanding during the period 23,844 25,486 Basic earnings per share $ 3.74 $ 3.73 Diluted earnings per share $ 3.70 $ 3.67

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 1 3 . Income Taxes The Company is subject to income taxes in the U.S. and various state and foreign jurisdictions. Tax statutes and regulations within each jurisdiction are subject to interpretation and require the application of significant judgment. The Company is currently under examination by the Internal Revenue Service for fiscal years 2017 through 2019 and does not expect the 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, 2021 and June 30, 2021 was $32.9 million and $31.5 million, respectively. The $32.9 million unrecognized tax benefit at September 30, 2021, if recognized, would positively impact the Company’s effective tax rate. The Company’s effective income tax rate was 24.5 percent for the three months ended September 30, 2021, and 24.8 percent for the three months ended September 30, 2020. The Company’s effective income tax rate was lower in the current period primarily due to an increase in research and development credits and an increase in excess tax benefits related to employee stock-based compensation.

Business Segment Information

Business Segment Information	3 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Business Segment Information	Note 1 4 . 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, 2021 Revenues from external customers $ 1,443,722 $ 47,176 $ 1,490,898 Net income 81,697 6,412 88,109 Three Months Ended September 30, 2020 Revenues from external customers $ 1,418,187 $ 41,319 $ 1,459,506 Net income 88,137 5,507 93,644

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 1 5 . 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 September 30, 2021 and June 30, 2021, and the level they fall within the fair value hierarchy (in thousands): September 30, June 30, Financial Statement Fair Value 2021 2021 Description of Financial Instrument Classification Hierarchy Fair Value Interest rate swap agreements Other accrued expenses and current liabilities Level 2 $ 530 $ 1,028 Interest rate swap agreements Other long-term liabilities Level 2 $ 22,332 $ 24,838 Changes in the fair value of the interest rate swap agreements are recorded as a component of accumulated other comprehensive income or loss.

Accelerated Share Repurchase

Accelerated Share Repurchase	3 Months Ended
	Sep. 30, 2021
Disclosure Of Repurchase Agreements [Abstract]
Accelerated Share Repurchase	Note 1 6 . Accelerated Share Repurchase On March 12, 2021, the Company entered into an accelerated share repurchase agreement (ASR Agreement) with JPMorgan Chase Bank, National Association (JPMorgan). Under the ASR Agreement, the Company paid $500.0 million to JPMorgan and received an initial delivery of 1.7 million shares of common stock which became treasury shares. During the three months ended September 30, 2021, the ASR Agreement was completed and an additional 0.3 million shares of common stock were received which became treasury shares. In total, 2.0 million shares were repurchased at an average price per share of $253.47.

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Sep. 30, 2021
Finite Lived Intangible Assets Net [Abstract]
Schedule of Intangible Assets	Intangible assets, net consisted of the following (in thousands): September 30, June 30, 2021 (1) 2021 Intangible assets: Customer contracts and related customer relationships $ 598,074 $ 601,516 Acquired technologies 217,711 198,273 Intangible assets 815,785 799,789 Less accumulated amortization: Customer contracts and related customer relationships (259,607 ) (276,498 ) Acquired technologies (54,604 ) (47,185 ) Less accumulated amortization (314,211 ) (323,683 ) Total intangible assets, net $ 501,574 $ 476,106 (1) During the three months ended September 30, 2021, the Company removed $26.8 million in fully amortized intangible assets.
Schedule of Estimated Annual Amortization Expense	Amortization expense for the three months ended September 30, 2021 and 2020 was $17.6 million and $16.1 million, respectively. The estimated annual amortization expense as of September 30, 2021 was as follows (in thousands): Fiscal year ending June 30, Amount 2022 (remainder of year) $ 53,442 2023 69,062 2024 62,060 2025 54,886 2026 47,083 2027 and thereafter 215,041 $ 501,574

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Sep. 30, 2021
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, 2021 are as follows (in thousands): Domestic International Total Balance at June 30, 2021 $ 3,491,747 $ 140,831 $ 3,632,578 Goodwill acquired (1) 79,690 — 79,690 Foreign currency translation (739 ) (3,810 ) (4,549 ) Balance at September 30, 2021 $ 3,570,698 $ 137,021 $ 3,707,719 (1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable.

Revenues from Contracts with _2

Revenues from Contracts with Customers (Tables)	3 Months Ended
	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Schedule of Disaggregated Revenues	Disaggregated revenues by contract type were as follows (in thousands): Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Domestic International Total Domestic International Total Cost-plus-fee $ 893,713 $ — $ 893,713 $ 823,609 $ — $ 823,609 Fixed-price 374,474 33,231 407,705 409,584 24,230 433,814 Time-and-materials 175,535 13,945 189,480 184,994 17,089 202,083 Total $ 1,443,722 $ 47,176 $ 1,490,898 $ 1,418,187 $ 41,319 $ 1,459,506 Disaggregated revenues by customer type were as follows (in thousands): Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Domestic International Total Domestic International Total Department of Defense $ 1,000,127 $ — $ 1,000,127 $ 1,004,195 $ — $ 1,004,195 Federal Civilian agencies 413,664 — 413,664 390,179 — 390,179 Commercial and other 29,931 47,176 77,107 23,813 41,319 65,132 Total $ 1,443,722 $ 47,176 $ 1,490,898 $ 1,418,187 $ 41,319 $ 1,459,506 Disaggregated revenues by prime vs. subcontractor were as follows (in thousands): Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Domestic International Total Domestic International Total Prime contractor $ 1,298,653 $ 42,906 $ 1,341,559 $ 1,288,705 $ 38,133 $ 1,326,838 Subcontractor 145,069 4,270 149,339 129,482 3,186 132,668 Total $ 1,443,722 $ 47,176 $ 1,490,898 $ 1,418,187 $ 41,319 $ 1,459,506 Disaggregated revenues by expertise or technology were as follows (in thousands): Three Months Ended Three Months Ended September 30, 2021 September 30, 2020 Domestic International Total Domestic International Total Expertise $ 683,624 $ 19,422 $ 703,046 $ 723,197 $ 17,486 $ 740,683 Technology 760,098 27,754 787,852 694,990 23,833 718,823 Total $ 1,443,722 $ 47,176 $ 1,490,898 $ 1,418,187 $ 41,319 $ 1,459,506

Contract Balances (Tables)

Contract Balances (Tables)	3 Months Ended
	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Contract Assets and Liabilities	Contract balances consisted of the following (in thousands): September 30, June 30, Description of Contract Related Balance Financial Statement Classification 2021 2021 Billed and billable receivables Accounts receivable, net $ 676,912 $ 763,921 Contract assets – current unbilled receivables Accounts receivable, net 98,022 115,930 Contract assets – current costs to obtain Prepaid expenses and other current assets 4,411 4,144 Contract assets – noncurrent unbilled receivables Accounts receivable, long-term 11,540 12,159 Contract assets – noncurrent costs to obtain Other long-term assets 10,927 9,584 Contract liabilities – current deferred revenue and other contract liabilities Other accrued expenses and current liabilities (80,551 ) (70,907 ) Contract liabilities – noncurrent deferred revenue and other contract liabilities Other long-term liabilities (7,015 ) (6,837 )

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): September 30, June 30, 2021 2021 Materials, purchased parts and supplies $ 57,047 $ 52,615 Work in process 15,439 11,353 Finished goods 14,102 15,728 Total $ 86,588 $ 79,696

Sales of Receivables (Tables)

Sales of Receivables (Tables)	3 Months Ended
	Sep. 30, 2021
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, 2021 2020 Beginning balance: $ 182,027 $ 200,000 Sales of receivables 690,132 626,603 Cash collections (678,643 ) (642,398 ) Outstanding balance sold to Purchaser: (1) 193,516 184,205 Cash collected, not remitted to Purchaser (2) (51,034 ) (79,804 ) Remaining sold receivables $ 142,482 $ 104,401 (1) For the three months ended September 30, 2021 and 2020, the Company recorded a net cash inflow of $11.5 million and a net cash outflow of $15.8 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 September 30, 2021 and 2020. 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, 2021
Long Term Debt [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following (in thousands): September 30, June 30, 2021 2021 Bank credit facility – term loans $ 785,905 $ 797,635 Bank credit facility – revolver loans 915,000 945,000 Principal amount of long-term debt 1,700,905 1,742,635 Less unamortized discounts and debt issuance costs (6,220 ) (6,796 ) Total long-term debt 1,694,685 1,735,839 Less current portion (46,920 ) (46,920 ) Long-term debt, net of current portion $ 1,647,765 $ 1,688,919
Aggregate Maturities of Long-term Debt	The aggregate maturities of long-term debt at September 30, 2021 were as follows (in thousands): Twelve months ending September 30, 2022 $ 46,920 2023 46,920 2024 1,607,065 Principal amount of long-term debt 1,700,905 Less unamortized discounts and debt issuance costs (6,220 ) Total long-term debt $ 1,694,685
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, 2021 and 2020 is as follows (in thousands): Three Months Ended September 30, 2021 2020 Loss recognized in other comprehensive income $ (1,008 ) $ (1,280 ) Amounts reclassified to earnings from accumulated other comprehensive loss 3,222 3,532 Net current period other comprehensive income $ 2,214 $ 2,252

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2021
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, 2021 2020 Net income $ 88,109 $ 93,644 Weighted-average number of basic shares outstanding during the period 23,560 25,099 Dilutive effect of RSUs after application of treasury stock method 284 387 Weighted-average number of diluted shares outstanding during the period 23,844 25,486 Basic earnings per share $ 3.74 $ 3.73 Diluted earnings per share $ 3.70 $ 3.67

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Sep. 30, 2021
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, 2021 Revenues from external customers $ 1,443,722 $ 47,176 $ 1,490,898 Net income 81,697 6,412 88,109 Three Months Ended September 30, 2020 Revenues from external customers $ 1,418,187 $ 41,319 $ 1,459,506 Net income 88,137 5,507 93,644

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 30, 2021
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, 2021 and June 30, 2021, and the level they fall within the fair value hierarchy (in thousands): September 30, June 30, Financial Statement Fair Value 2021 2021 Description of Financial Instrument Classification Hierarchy Fair Value Interest rate swap agreements Other accrued expenses and current liabilities Level 2 $ 530 $ 1,028 Interest rate swap agreements Other long-term liabilities Level 2 $ 22,332 $ 24,838

Acquisitions (Detail Textual)

Acquisitions (Detail Textual) $ in Thousands	3 Months Ended
	Sep. 30, 2021USD ($)Acquisition	Jun. 30, 2021USD ($)
Business Acquisition [Line Items]
Goodwill	$ 3,707,719	$ 3,632,578
Other Acquisitions
Business Acquisition [Line Items]
Purchase consideration	$ 120,300
Number of acquisitions | Acquisition	2
Goodwill	$ 79,700
Identifiable intangible assets	43,500
Amount of tax deductible goodwill and intangibles	$ 44,000

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	[1]	Jun. 30, 2021
Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 815,785		$ 799,789
Less accumulated amortization	(314,211)		(323,683)
Total intangible assets, net	501,574		476,106
Customer contracts and related customer relationships
Finite Lived Intangible Assets [Line Items]
Intangible assets	598,074		601,516
Less accumulated amortization	(259,607)		(276,498)
Acquired technologies
Finite Lived Intangible Assets [Line Items]
Intangible assets	217,711		198,273
Less accumulated amortization	$ (54,604)		$ (47,185)
[1]	During the three months ended September 30, 2021, the Company removed $26.8 million in fully amortized intangible assets.

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Intangible Assets Net (Parenthetical) (Detail) $ in Millions	3 Months Ended
	Sep. 30, 2021USD ($)
Finite Lived Intangible Assets Net [Abstract]
Removal of fully amortized intangible assets	$ 26.8

Intangible Assets (Detail Textu

Intangible Assets (Detail Textual) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Finite Lived Intangible Assets [Line Items]
Amortization expense	$ 17.6	$ 16.1
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 10 months 24 days
Weighted-average remaining amortization period	10 years 1 month 6 days
Acquired technologies
Finite Lived Intangible Assets [Line Items]
Weighted-average amortization period	14 years 4 months 24 days
Weighted-average remaining amortization period	8 years 4 months 24 days

Intangible Assets - Schedule _3

Intangible Assets - Schedule of Estimated Annual Amortization Expense (Detail) - USD ($) $ in Thousands	Sep. 30, 2021		Jun. 30, 2021
Finite Lived Intangible Assets Net [Abstract]
2022 (remainder of year)	$ 53,442
2023	69,062
2024	62,060
2025	54,886
2026	47,083
2027 and thereafter	215,041
Total intangible assets, net	$ 501,574	[1]	$ 476,106
[1]	During the three months ended September 30, 2021, the Company removed $26.8 million in fully amortized intangible assets.

Goodwill - Roll Forward of Good

Goodwill - Roll Forward of Goodwill (Detail) $ in Thousands	3 Months Ended
	Sep. 30, 2021USD ($)
Goodwill [Roll Forward]
Balance	$ 3,632,578
Goodwill acquired	79,690	[1]
Foreign currency translation	(4,549)
Balance	3,707,719
Domestic
Goodwill [Roll Forward]
Balance	3,491,747
Goodwill acquired	79,690	[1]
Foreign currency translation	(739)
Balance	3,570,698
International
Goodwill [Roll Forward]
Balance	140,831
Foreign currency translation	(3,810)
Balance	$ 137,021
[1]	Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable.

Revenues from Contracts with _3

Revenues from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Disaggregation Of Revenue [Line Items]
Revenues	$ 1,490,898	$ 1,459,506
Expertise
Disaggregation Of Revenue [Line Items]
Revenues	703,046	740,683
Technology
Disaggregation Of Revenue [Line Items]
Revenues	787,852	718,823
Prime contractor
Disaggregation Of Revenue [Line Items]
Revenues	1,341,559	1,326,838
Subcontractor
Disaggregation Of Revenue [Line Items]
Revenues	149,339	132,668
Department of Defense
Disaggregation Of Revenue [Line Items]
Revenues	1,000,127	1,004,195
Federal civilian agencies
Disaggregation Of Revenue [Line Items]
Revenues	413,664	390,179
Commercial and other
Disaggregation Of Revenue [Line Items]
Revenues	77,107	65,132
Cost-plus-fee
Disaggregation Of Revenue [Line Items]
Revenues	893,713	823,609
Fixed-price
Disaggregation Of Revenue [Line Items]
Revenues	407,705	433,814
Time and materials
Disaggregation Of Revenue [Line Items]
Revenues	189,480	202,083
Domestic
Disaggregation Of Revenue [Line Items]
Revenues	1,443,722	1,418,187
Domestic | Expertise
Disaggregation Of Revenue [Line Items]
Revenues	683,624	723,197
Domestic | Technology
Disaggregation Of Revenue [Line Items]
Revenues	760,098	694,990
Domestic | Prime contractor
Disaggregation Of Revenue [Line Items]
Revenues	1,298,653	1,288,705
Domestic | Subcontractor
Disaggregation Of Revenue [Line Items]
Revenues	145,069	129,482
Domestic | Department of Defense
Disaggregation Of Revenue [Line Items]
Revenues	1,000,127	1,004,195
Domestic | Federal civilian agencies
Disaggregation Of Revenue [Line Items]
Revenues	413,664	390,179
Domestic | Commercial and other
Disaggregation Of Revenue [Line Items]
Revenues	29,931	23,813
Domestic | Cost-plus-fee
Disaggregation Of Revenue [Line Items]
Revenues	893,713	823,609
Domestic | Fixed-price
Disaggregation Of Revenue [Line Items]
Revenues	374,474	409,584
Domestic | Time and materials
Disaggregation Of Revenue [Line Items]
Revenues	175,535	184,994
International
Disaggregation Of Revenue [Line Items]
Revenues	47,176	41,319
International | Expertise
Disaggregation Of Revenue [Line Items]
Revenues	19,422	17,486
International | Technology
Disaggregation Of Revenue [Line Items]
Revenues	27,754	23,833
International | Prime contractor
Disaggregation Of Revenue [Line Items]
Revenues	42,906	38,133
International | Subcontractor
Disaggregation Of Revenue [Line Items]
Revenues	4,270	3,186
International | Commercial and other
Disaggregation Of Revenue [Line Items]
Revenues	47,176	41,319
International | Fixed-price
Disaggregation Of Revenue [Line Items]
Revenues	33,231	24,230
International | Time and materials
Disaggregation Of Revenue [Line Items]
Revenues	$ 13,945	$ 17,089

Revenues from Contracts with _4

Revenues from Contracts with Customers (Detail Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Change In Accounting Estimate [Line Items]
Income before income taxes	$ 116,631	$ 124,444
Diluted earnings per share	$ 3.70	$ 3.67
EAC Adjustments
Change In Accounting Estimate [Line Items]
Income before income taxes	$ 2,800	$ 7,800
Diluted earnings per share	$ 0.09	$ 0.22

Revenues from Contracts with _5

Revenues from Contracts with Customers - Remaining Performance Obligations (Detail) $ in Billions	Sep. 30, 2021USD ($)
Revenue From Contract With Customer [Abstract]
Remaining performance obligations	$ 7.5

Revenues from Contracts with _6

Revenues from Contracts with Customers - Remaining Performance Obligations (Detail 1)	Sep. 30, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-10-01
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: 2022-10-01
Remaining Performance Obligations [Line Items]
Remaining performance obligations, expected satisfaction, percentage	20.00%
Remaining performance obligations, expected timing of satisfaction

Contract Balances - Contract As

Contract Balances - Contract Assets and Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Contract with Customer, Asset and Liability [Abstract]
Billed and billable receivables	$ 676,912	$ 763,921
Contract assets – current unbilled receivables	98,022	115,930
Contract assets – current costs to obtain	4,411	4,144
Contract assets – noncurrent unbilled receivables	11,540	12,159
Contract assets – noncurrent costs to obtain	10,927	9,584
Contract liabilities – current deferred revenue and other contract liabilities	(80,551)	(70,907)
Contract liabilities – noncurrent deferred revenue and other contract liabilities	$ (7,015)	$ (6,837)

Contract Balances (Detail Textu

Contract Balances (Detail Textual) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Liability, revenue recognized	$ 54.7	$ 33.5

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Inventory Disclosure [Abstract]
Materials, purchased parts and supplies	$ 57,047	$ 52,615
Work in process	15,439	11,353
Finished goods	14,102	15,728
Total	$ 86,588	$ 79,696

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		Sep. 30, 2021		Sep. 30, 2020		Jun. 30, 2020	Jun. 30, 2019
Transfers And Servicing Of Financial Assets [Abstract]
Outstanding balance sold to Purchaser		$ 193,516	[1]	$ 184,205	[1]	$ 182,027	$ 200,000
Sales of receivables		690,132		626,603
Cash collections		(678,643)		(642,398)
Cash collected, not remitted to Purchaser	[2]	(51,034)		(79,804)
Remaining sold receivables		$ 142,482		$ 104,401
[1]	For the three months ended September 30, 2021 and 2020, the Company recorded a net cash inflow of $11.5 million and a net cash outflow of $15.8 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 September 30, 2021 and 2020.  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, 2021	Sep. 30, 2020
Transfers And Servicing Of Financial Assets [Abstract]
Cash provided (used) by MARPA	$ 11.5	$ (15.8)

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-term Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 1,700,905	$ 1,742,635
Less unamortized discounts and debt issuance costs	(6,220)	(6,796)
Total long-term debt	1,694,685	1,735,839
Less current portion	(46,920)	(46,920)
Long-term debt, net of current portion	1,647,765	1,688,919
Bank credit facility - term loans
Debt Instrument [Line Items]
Principal amount of long-term debt	785,905	797,635
Bank credit facility - revolver loans
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 915,000	$ 945,000

Long-term Debt (Detail Textual)

Long-term Debt (Detail Textual) - USD ($)	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021
Debt Instrument [Line Items]
Outstanding amount under Credit Facility	$ 1,700,905,000	$ 1,742,635,000
Interest Rate Swap | Cash Flow Hedging
Debt Instrument [Line Items]
Aggregate notional amount	650,000,000
Bank Credit Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	$ 2,438,400,000
Outstanding borrowings interest rate	2.16%
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	$ 1,500,000,000
Outstanding amount under Credit Facility	915,000,000	945,000,000
Term loans
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	938,400,000
Outstanding amount under Credit Facility	$ 785,905,000	$ 797,635,000
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, 2021	Jun. 30, 2021
Long Term Debt [Abstract]
2022	$ 46,920
2023	46,920
2024	1,607,065
Principal amount of long-term debt	1,700,905	$ 1,742,635
Less unamortized discounts and debt issuance costs	(6,220)	(6,796)
Total long-term debt	$ 1,694,685	$ 1,735,839

Long-term Debt - Cash Flow Hedg

Long-term Debt - Cash Flow Hedges (Detail 3) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Long Term Debt [Abstract]
Loss recognized in other comprehensive income	$ (1,008)	$ (1,280)
Amounts reclassified to earnings from accumulated other comprehensive loss	3,222	3,532
Net current period other comprehensive income	$ 2,214	$ 2,252

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, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net income	$ 88,109	$ 93,644
Weighted-average number of basic shares outstanding during the period	23,560	25,099
Dilutive effect of RSUs after application of treasury stock method	284	387
Weighted-average number of diluted shares outstanding during the period	23,844	25,486
Basic earnings per share	$ 3.74	$ 3.73
Diluted earnings per share	$ 3.70	$ 3.67

Income Taxes (Detail Textual)

Income Taxes (Detail Textual) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Liability for unrecognized tax benefits	$ 32.9		$ 31.5
Unrecognized tax benefit that would impact the company's effective tax rate	$ 32.9
Effective income tax rate	24.50%	24.80%

Business Segment Information (D

Business Segment Information (Detail Textual)	3 Months Ended
	Sep. 30, 2021Segment
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, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Revenues from external customers	$ 1,490,898	$ 1,459,506
Net income	88,109	93,644
Domestic Operations
Segment Reporting Information [Line Items]
Revenues from external customers	1,443,722	1,418,187
Net income	81,697	88,137
International Operations
Segment Reporting Information [Line Items]
Revenues from external customers	47,176	41,319
Net income	$ 6,412	$ 5,507

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, 2021	Jun. 30, 2021
Other accrued expenses and current liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements	$ 530	$ 1,028
Other long-term liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements	$ 22,332	$ 24,838

Accelerated Share Repurchase (D

Accelerated Share Repurchase (Detail Textual) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Mar. 12, 2021	Sep. 30, 2021	Sep. 30, 2020
Accelerated Share Repurchases [Line Items]
Payment for repurchase of common stock		$ 2,472	$ 2,074
Accelerated Share Repurchase
Accelerated Share Repurchases [Line Items]
Payment for repurchase of common stock	$ 500,000
Shares repurchased	1.7	0.3
Total shares repurchased		2
Shares repurchased, average price per share		$ 253.47