Other Balance Sheet Items (Tables)
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3 Months Ended |
Dec. 31, 2022 |
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| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract] |
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| Schedule of Cash and Cash Equivalents |
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| Table 9.1: Details of Cash and Cash Equivalents and Restricted Cash |
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December 31, 2022 |
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September 30, 2022 |
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(in thousands) |
| Cash and cash equivalents |
$ |
63,050 |
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$ |
40,658 |
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| Restricted cash (1) |
96,777 |
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|
96,137 |
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| Cash, cash equivalents, and restricted cash |
$ |
159,827 |
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$ |
136,795 |
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(1)Restricted cash is recorded within "Prepaid expenses and other current assets" on the Consolidated Balance Sheets. At December 31, 2022 and September 30, 2022, this balance includes $52.3 million and $60.7 million, respectively, of funds received from a customer which had previously been sold under our Receivables Purchase Agreement; this is offset by a corresponding liability in "Other current liabilities". The majority of the remaining balance are funds held in trust on behalf of certain clients; this asset is similarly offset with a corresponding liability in "Other current liabilities".
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| Restrictions on Cash and Cash Equivalents |
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| Table 9.1: Details of Cash and Cash Equivalents and Restricted Cash |
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December 31, 2022 |
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September 30, 2022 |
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(in thousands) |
| Cash and cash equivalents |
$ |
63,050 |
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$ |
40,658 |
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| Restricted cash (1) |
96,777 |
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|
96,137 |
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| Cash, cash equivalents, and restricted cash |
$ |
159,827 |
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$ |
136,795 |
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(1)Restricted cash is recorded within "Prepaid expenses and other current assets" on the Consolidated Balance Sheets. At December 31, 2022 and September 30, 2022, this balance includes $52.3 million and $60.7 million, respectively, of funds received from a customer which had previously been sold under our Receivables Purchase Agreement; this is offset by a corresponding liability in "Other current liabilities". The majority of the remaining balance are funds held in trust on behalf of certain clients; this asset is similarly offset with a corresponding liability in "Other current liabilities".
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| Supplementary Cash Flow Information |
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| Table 9.2: Supplemental Disclosures of Cash Flow Information |
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For the Three Months Ended |
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December 31, 2022 |
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December 31, 2021 |
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(in thousands) |
| Interest payments |
$ |
19,748 |
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$ |
8,943 |
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| Income tax payments |
$ |
4,982 |
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$ |
8,009 |
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| Details of Accounts Receivable |
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| Table 9.3: Details of Accounts Receivable, Net |
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December 31, 2022 |
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September 30, 2022 |
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(in thousands) |
| Billed and billable receivables |
$ |
879,851 |
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$ |
723,979 |
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| Unbilled receivables |
142,844 |
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91,404 |
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| Allowance for credit losses |
(8,649) |
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(8,273) |
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| Accounts receivable, net |
$ |
1,014,046 |
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$ |
807,110 |
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