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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 32,664 $ 30,516
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,485 9,983
Amortization of intangible assets 3,064 7,852
Reduction in carrying amount of right-of-use asset 5,891 6,240
Provision for doubtful accounts 82 102
Share-based compensation 40,876 31,185
Deferred income taxes (21) 65
Non-cash interest expense 532 764
Other (2,481) (5,904)
Changes in operating assets and liabilities:    
Accounts receivable 69,915 31,944
Inventories (64,552) (14,506)
Prepaid expenses and other assets (7,850) (6,557)
Accounts payable (12,263) 2,164
Accrued compensation and benefits (20,625) 9,170
Operating lease liabilities (6,444) (7,383)
Deferred revenue 48,272 28,776
Other current and long-term liabilities 13,320 (4,074)
Net cash provided by operating activities 109,865 120,337
Cash flows from investing activities:    
Capital expenditures (9,955) (6,271)
Net cash used in investing activities (9,955) (6,271)
Cash flows from financing activities:    
Payments on revolving facility (25,000)  
Payments on debt obligations (5,000) (46,625)
Repurchase of common stock (49,855) (49,803)
Payments for tax withholdings, net of proceeds from issuance of common stock (33,387) (7,183)
Deferred payments on an acquisition   (2,000)
Net cash used in financing activities (113,242) (105,611)
Foreign currency effect on cash and cash equivalents (91) (456)
Net increase (decrease) in cash and cash equivalents (13,423) 7,999
Cash and cash equivalents at beginning of period 234,826 194,522
Cash and cash equivalents at end of period $ 221,403 $ 202,521