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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Jun. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following tables present unaudited summarized financial data by quarter for the years ended June 30, 2018 and 2017 (in thousands, except per share data):
 
First
Second
Third
Fourth
 
Quarter
Quarter
Quarter
Quarter
Fiscal Year 2018
 
 
 
 
Net revenue
$
390,564

$
411,398

$
425,338

$
433,956

Gross profit
199,188

210,871

221,790

231,116

Net income
60,616

19,769

76,549

100,636

Net income attributable to non-controlling interest in Premier LP
(44,610
)
(56,485
)
(53,047
)
(70,127
)
Adjustment of redeemable limited partners' capital to redemption amount
320,424

317,916

(127,039
)
(353,720
)
Net income (loss) attributable to stockholders
$
336,430

$
281,200

$
(103,537
)
$
(323,211
)
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
Basic
52,909

55,209

53,529

52,412

Diluted
140,046

139,237

53,529

52,412

 
 
 
 
 
Net income (loss) per share attributable to stockholders:
 
 
 
 
Basic
$
6.36

$
5.09

$
(1.93
)
$
(6.17
)
Diluted
$
0.30

$
0.06

$
(1.93
)
$
(6.17
)
 
 
 
 
 
Fiscal Year 2017
 
 
 
 
Net revenue
$
313,272

$
358,500

$
379,803

$
403,098

Gross profit
174,769

182,486

202,555

214,815

Net income
58,095

246,184

71,338

73,860

Net income attributable to non-controlling interest in Premier LP
(49,601
)
(181,173
)
(51,433
)
(53,845
)
Adjustment of redeemable limited partners' capital to redemption amount
61,808

335,264

(100,506
)
(333,742
)
Net income (loss) attributable to stockholders
$
70,302

$
400,275

$
(80,601
)
$
(313,727
)
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
Basic
47,214

49,445

50,525

51,470

Diluted
142,962

141,308

50,525

51,470

 
 
 
 
 
Net income (loss) per share attributable to stockholders:
 
 
 
 
Basic
$
1.49

$
8.10

$
(1.60
)
$
(6.10
)
Diluted
$
0.26

$
1.58

$
(1.60
)
$
(6.10
)