XML 37 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net income $ 25,778 $ 33,563
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,025 7,449
Accretion of premium on short-term investments 3,416 1,500
Stock-based compensation expense 3,798 2,895
Write-off of capitalized software 0 691
Excess tax benefits from employee stock option plans (799) (513)
Changes in operating assets and liabilities:    
Accounts receivable 4,185 9,569
Deferred income taxes 2,016 248
Prepaid expenses and other current assets (3,763) (5,885)
Other assets (331) 919
Accounts payable (27) (35)
Accrued compensation 562 (215)
Accrued royalties 3,607 435
Accrued expenses and other liabilities 1,843 2,220
Income taxes payable 2,780 (361)
Deferred rent 8,852 (223)
Deferred revenue (21,899) 60,734
Net cash provided by operating activities 36,043 112,991
Investing activities    
Purchases of property and equipment (13,058) (4,074)
Additions to capitalized software (1,649) (884)
Purchases of short-term investments (112,820) (207,044)
Purchase of long-term investments (850) 0
Proceeds from sales and maturities of short-term investments 106,462 34,454
Acquisitions, net of cash acquired (1,768) 0
Net cash used in investing activities (23,683) (177,548)
Financing activities    
Proceeds from exercise of stock options 1,843 1,107
Repurchase of common stock (11,322) (9,734)
Excess tax benefit from employee stock option plans 799 513
Net cash used in financing activities (8,680) (8,114)
Effect of exchange rate changes on cash and cash equivalents (98) (73)
Net increase (decrease) in cash and cash equivalents 3,582 (72,744)
Cash and cash equivalents, at beginning of period 24,053 [1] 112,862
Cash and cash equivalents, at end of period 27,635 40,118
Supplemental disclosure of cash flow information    
Income taxes paid $ 6,870 $ 20,636
[1] Derived from audited consolidated financial statements as of and for the year ended June 30, 2011