Income Taxes Income Taxes (Tables)
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12 Months Ended |
Jun. 30, 2023 |
Income Tax Disclosure [Abstract] |
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Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
The provision for income taxes consists of the following: | | | | | | | | | | | | | | | | | | | Year Ended June 30, | | 2023 | | 2022 | | 2021 | Current: | | | | | | Federal | $ | 125,622 | | | $ | 59,390 | | | $ | 55,598 | | State | 30,505 | | | 18,089 | | | 13,897 | | Deferred: | | | | | | Federal | (40,218) | | | 24,391 | | | 14,401 | | State | (7,981) | | | 7,481 | | | 2,360 | | | $ | 107,928 | | | $ | 109,351 | | | $ | 86,256 | |
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Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
The tax effects of temporary differences related to deferred taxes shown on the balance sheets were: | | | | | | | | | | | | | June 30, | | 2023 | | 2022 | Deferred tax assets: | | | | Contract and service revenues | $ | 18,186 | | | $ | 15,340 | | Expense reserves and accruals (bad debts, compensation, and payroll tax) | 14,023 | | | 15,382 | | Leasing liabilities | 12,462 | | | 12,868 | | Net operating loss and tax credit carryforwards | 1,965 | | | 2,107 | | Other, net | 2,916 | | | 3,311 | | Total gross deferred tax assets | 49,552 | | | 49,008 | | Valuation allowance | (125) | | | (200) | | Net deferred tax assets | 49,427 | | | 48,808 | | | | | | Deferred tax liabilities: | | | | Property and equipment depreciation | (27,788) | | | (33,390) | | Intangibles, software development, and research and development tax amortization | (136,045) | | | (192,187) | | Contract and service costs | (119,201) | | | (104,139) | | Leasing right-of-use assets | (10,824) | | | (11,722) | | Total gross deferred liabilities | (293,858) | | | (341,438) | | | | | | Net deferred tax liability | $ | (244,431) | | | $ | (292,630) | |
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Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
The following analysis reconciles the statutory federal income tax rate to the effective income tax rates reflected above: | | | | | | | | | | | | | | | | | | | Year Ended June 30, | | 2023 | | 2022 | | 2021 | Computed "expected" tax expense | 21.0 | % | | 21.0 | % | | 21.0 | % | Increase (reduction) in taxes resulting from: | | | | | | State income taxes, net of federal income tax benefits | 3.7 | % | | 4.3 | % | | 3.2 | % | Research and development credit | (2.3) | % | | (2.0) | % | | (2.4) | % | | | | | | | | | | | | | | | | | | | Other (net) | 0.3 | % | | (0.1) | % | | (0.1) | % | | 22.7 | % | | 23.2 | % | | 21.7 | % |
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Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block] |
A reconciliation of the unrecognized tax benefits for the fiscal years ended June 30, 2023, 2022, and 2021, follows: | | | | | | | Unrecognized Tax Benefits | Balance at July 1, 2020 | $ | 10,112 | | Additions for current year tax positions | 1,598 | | | | Additions for prior year tax positions | 490 | | Reductions for prior year tax positions | (30) | | | | | | Reductions related to expirations of statute of limitations | (3,408) | | Balance at June 30, 2021 | 8,762 | | Additions for current year tax positions | 1,863 | | | | Additions for prior year tax positions | 1,642 | | Reductions for prior year tax positions | (36) | | | | | | Reductions related to expirations of statute of limitations | (3,241) | | Balance at June 30, 2022 | 8,990 | | Additions for current year tax positions | 2,570 | | | | Additions for prior year tax positions | 2,433 | | Reductions for prior year tax positions | (350) | | | | | | Reductions related to expirations of statute of limitations | (1,638) | | Balance at June 30, 2023 | $ | 12,005 | |
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