| | | | | | | | | | | | | | | | | |
| | | |
| Years Ended June 30, |
| 2024 | | 2023 | | 2022 |
| Cash Flows from Operating Activities: | | | | | |
| Net income | $ | 349,960 | | | $ | 407,641 | | | $ | 378,657 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | |
| Depreciation and amortization | 19,251 | | | 16,292 | | | 13,689 | |
| Amortization of debt issuance costs | 1,725 | | | 1,405 | | | 1,319 | |
| Non-cash lease expense | 231 | | | 362 | | | 1,142 | |
| Premium amortization and (discount accretion), net | — | | | — | | | 88 | |
| | | | | |
| Provision for excess and obsolete inventory | 23,905 | | | 13,391 | | | 2,413 | |
| Provision for loss on vendor deposits | 20,019 | | | (3,913) | | | 8,907 | |
| | | | | |
| Share-based compensation | 6,358 | | | 4,734 | | | 3,516 | |
| Deferred taxes | (11,967) | | | (16,857) | | | (1,842) | |
| Change in unrealized loss on available-for-sale securities | 109 | | | 792 | | | — | |
| Provision for sales returns | (574) | | | 553 | | | 1,004 | |
| Other, net | 405 | | | 365 | | | (555) | |
| Changes in operating assets and liabilities: | | | | | |
| Accounts receivable | (1,765) | | | (48,200) | | | 52,657 | |
| Inventories | 250,665 | | | (487,922) | | | (29,565) | |
| Vendor deposits | (18,253) | | | (39,457) | | | (79,034) | |
| Prepaid expenses and other assets | (17,564) | | | (10,252) | | | 1,841 | |
| Accounts payable | (103,086) | | | 69,730 | | | (28,686) | |
| Income taxes payable | (17,115) | | | (14,041) | | | (10,288) | |
| Deferred revenues | 6,595 | | | (1,321) | | | (3,593) | |
| Accrued and other liabilities | 32,617 | | | (38,730) | | | 58,589 | |
| Net cash provided by (used in) operating activities | 541,516 | | | (145,428) | | | 370,259 | |
| Cash Flows from Investing Activities: | | | | | |
| Purchase of property and equipment and other long-term assets | (11,975) | | | (20,934) | | | (13,468) | |
| Purchase of investments | — | | | — | | | (1,479) | |
| Proceeds from sale of investments | — | | | — | | | 2,457 | |
| Proceeds from maturities of investments | — | | | — | | | 1,310 | |
| Net cash used in investing activities | (11,975) | | | (20,934) | | | (11,180) | |
| Cash Flows from Financing Activities: | | | | | |
| Proceeds from borrowing under the credit facility - Term | — | | | 250,000 | | | — | |
| Proceeds from borrowing under the credit facility- Revolver | — | | | 415,000 | | | 345,000 | |
| Repayment against credit facility- Revolver | (215,000) | | | (345,000) | | | (25,000) | |
| Repayment against credit facility- Term | (157,500) | | | (28,125) | | | (25,000) | |
| Debt issuance costs | — | | | (1,205) | | | — | |
| Repurchases of common stock | — | | | — | | | (618,131) | |
| Payment of common stock cash dividends | (145,091) | | | (145,043) | | | (148,055) | |
| Proceeds from exercise of stock options | — | | | 23 | | | 98 | |
| Tax withholdings related to net share settlements of restricted stock units | (434) | | | (686) | | | (1,185) | |
| Net cash (used in) provided by financing activities | (518,025) | | | 144,964 | | | (472,273) | |
| Net increase (decrease) in cash and cash equivalents | 11,516 | | | (21,398) | | | (113,194) | |
| Cash and cash equivalents at beginning of period | 114,826 | | | 136,224 | | | 249,418 | |
| Cash and cash equivalents at end of period | $ | 126,342 | | | $ | 114,826 | | | $ | 136,224 | |
| Supplemental Disclosure of Cash Flow Information: | | | | | |
| Income taxes paid, net of refunds | $ | 108,572 | | | $ | 109,685 | | | $ | 78,180 | |
| Interest paid | $ | 75,094 | | | $ | 53,870 | | | $ | 11,561 | |
| Non-Cash Investing and Financing Activities: | | | | | |
| Right-of-use asset recognized | $ | 4,393 | | | $ | 7,201 | | | $ | 34,516 | |
| Unpaid property and equipment and other long-term assets | $ | 1,300 | | | $ | 1,274 | | | $ | 511 | |
