XML 63 R33.htm IDEA: XBRL DOCUMENT v3.25.2 Income Taxes (Tables) 12 Months Ended Jun. 30, 2025 Income Tax Disclosure [Abstract]   Schedule Of Components Of Income From Continuing Operations The components of income from continuing operations upon which domestic and foreign income taxes have been provided are as follows: (in 000s) Year ended June 30, 2025 2024 2023 Domestic $ 437,971   $ 489,912  $ 447,900  Foreign 343,432   272,410  263,312  $ 781,403   $ 762,322  $ 711,212  Schedule Of Effective Income Tax Rate Reconciliation The reconciliation between the statutory U.S. federal tax rate and our effective tax rate from continuing operations is as follows: Year ended June 30, 2025 2024 2023 U.S. statutory tax rate 21.0   % 21.0  % 21.0  % Change in tax rate resulting from: State income taxes, net of federal income tax benefit 1.3   % 1.4  % 1.6  % Earnings taxed in foreign jurisdictions (2.1) % (1.9) % (2.9) % Permanent differences 0.7   % 0.7  % 0.6  % Uncertain tax positions 1.9   % (0.4) % (0.9) % U.S. tax on income from foreign affiliates 1.7   % 4.1  % 3.1  % Federal income tax credits (1.6) % (2.4) % (1.3) % Foreign investment recapture —   % 2.6  % —  % Change in valuation allowance - domestic 0.3   % —  % (0.4) % Change in valuation allowance - foreign —   % (2.8) % 0.7  % Other (1.2) % (0.7) % (0.5) % Effective tax rate 22.0   % 21.6  % 21.0  % Schedule Of Components Of Income Tax Expense (Benefit) For Continuing Operations The components of income tax expense for continuing operations are as follows: (in 000s) Year ended June 30, 2025 2024 2023 Current: Federal $ 143,298   $ 191,664  $ 97,430  State 30,716   9,695  19,023  Foreign 21,689   18,240  18,214  195,703   219,599  134,667  Deferred: Federal (52,659) (59,441) 23,367  State (4,454) (11,749) 1,860  Foreign 33,363   15,950  (10,482) (23,750) (55,240) 14,745  Total income taxes for continuing operations $ 171,953   $ 164,359  $ 149,412  Schedule Of Deferred Tax Assets And Liabilities The significant components of deferred tax assets and liabilities are reflected in the following table: (in 000s) As of June 30, 2025 June 30, 2024 Deferred tax assets: Deferred revenue 33,435   50,944  Allowance for credit losses 30,098   30,581  Deferred and stock-based compensation 7,204   8,060  Net operating loss carry-forward 38,856   63,398  Lease liabilities 130,911   117,483  Federal tax benefits related to state unrecognized tax benefits 31,061   26,841  Internally developed software 84,301   15,063  Intangibles - intellectual property 61,138   71,367  Other 22,121   6,056  Valuation allowance (18,538) (16,569) Total deferred tax assets 420,587   373,224  Deferred tax liabilities: Prepaid expenses and other (20,396) (3,001) Lease right of use assets (128,204) (115,128) Intangibles (43,879) (51,398) Total deferred tax liabilities (192,479) (169,527) Net deferred tax assets $ 228,108   $ 203,697  A reconciliation of the deferred tax assets and liabilities and the corresponding amounts reported in the consolidated balance sheets is as follows: (in 000s) As of June 30, 2025 June 30, 2024 Deferred income tax assets $ 228,108   $ 203,697  Deferred tax liabilities —   —  Net deferred tax asset $ 228,108   $ 203,697  Summary of Valuation Allowance Changes in our valuation allowance for fiscal years 2025, 2024 and 2023 are as follows: (in 000s) Year ended June 30, 2025 2024 2023 Balance, beginning of the year $ 16,569   $ 57,566  $ 55,172  Additions charged to costs and expenses 4,166   4,584  6,438  Deductions (2,197) (45,581) (4,044) Balance, end of the year $ 18,538   $ 16,569  $ 57,566  Schedule of Unrecognized Tax Benefits Roll Forward Changes in unrecognized tax benefits for fiscal years 2025, 2024 and 2023 are as follows: (in 000s) Year ended June 30, 2025 2024 2023 Balance, beginning of the year $ 251,787   $ 240,063  $ 232,004  Additions based on tax positions related to prior years 574   1,232  1,252  Reductions based on tax positions related to prior years —   (4,604) —  Additions based on tax positions related to the current year 37,883   37,063  33,330  Reductions related to settlements with tax authorities (379) (4,472) (661) Expiration of statute of limitations (23,317) (17,495) (25,862) Balance, end of the year $ 266,548   $ 251,787  $ 240,063  X - 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