Sales of Receivables (Tables)

3 Months Ended

Sep. 30, 2019

Transfers And Servicing Of Financial Assets [Abstract]

Summary of MARPA Facility Activity

MARPA Facility activity consisted of the following (in thousands):

	As of and for the
	Three Months Ended
	September 30, 2019
Outstanding balance – June 30, 2019:	$	192,527
Sales of receivables		493,879
Cash collections		(505,303	)
Outstanding balance sold to Purchaser – September 30, 2019: (1)		181,103
Cash collected, not remitted to Purchaser (2)		(90,850	)
Remaining sold receivables	$	90,253

(1) For the three months ended September 30, 2019, the Company recorded a cash outflow in its cash flows from operating activities of $11.4 million from sold receivables.  The cash outflow is calculated as the change in the outstanding balance of sold receivables as of September 30, 2019, compared with the outstanding balance as of June 30, 2019.

(2) Includes the cash collected on behalf of but not yet remitted to the Purchaser as of September 30, 2019.  This balance represents an obligation to the Purchaser and is included in other accrued expenses and current liabilities in the accompanying consolidated balance sheet.