v3.23.3
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Jun. 30, 2023
Current assets    
Cash and cash equivalents $ 254,626 $ 410,807
Accounts receivable, net of allowance of $33,689 and $30,031 629,600 463,722
Inventories, net 21,752 36,716
Prepaid expenses 50,350 24,817
Other current assets 123,948 129,137
Total current assets 1,080,276 1,065,199
Operating lease right-of-use assets, net 64,588 69,508
Property and equipment, net 61,085 52,332
Capitalized software, net 82,046 83,465
Capitalized curriculum development costs, net 50,114 50,787
Intangible assets, net 71,755 74,771
Goodwill 246,676 246,676
Deferred tax asset 1,766 8,776
Deposits and other assets 109,339 109,152
Total assets 1,767,645 1,760,666
Current liabilities    
Accounts payable 74,586 48,854
Accrued liabilities 50,834 76,626
Accrued compensation and benefits 40,014 57,426
Deferred revenue 83,920 76,159
Current portion of finance lease liability 35,065 35,621
Current portion of operating lease liability 14,717 14,449
Total current liabilities 299,136 309,135
Long-term finance lease liability 29,641 21,278
Long-term operating lease liability 54,991 59,425
Long-term debt 413,452 413,035
Other long-term liabilities 11,932 10,497
Total liabilities 809,152 813,370
Commitments and contingencies
Stockholders' equity    
Preferred stock, par value $0.0001; 10,000,000 shares authorized; zero shares issued or outstanding
Common stock, par value $0.0001; 100,000,000 shares authorized; 48,681,280 and 48,339,048 shares issued; and 43,346,537 and 43,004,305 shares outstanding, respectively 4 4
Additional paid-in capital 701,799 695,480
Accumulated other comprehensive income (loss) (35) (35)
Retained earnings 359,207 354,329
Treasury stock of 5,334,743 shares at cost (102,482) (102,482)
Total stockholders' equity 958,493 947,296
Total liabilities and stockholders' equity $ 1,767,645 $ 1,760,666