XML 135 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Operating activities      
Net income $ 13,067 $ 32,408 $ 42,574
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8,408 8,171 7,709
Accretion of premium on short-term investments 4,424 4,598 2,630
Stock-based compensation expense 8,647 5,122 4,137
Write-off of long-term investments 335 250 0
Write-off due to impairment 438 0 714
Loss on disposal of property and equipment 173 0 0
Excess tax benefits from employee stock options 305 (797) (1,666)
Changes in operating assets and liabilities:      
Accounts receivable (2,559) 5,384 6,602
Deferred income taxes (1,801) 1,024 581
Prepaid expenses and other current assets 551 (4,101) (7,184)
Other assets (730) (391) 964
Accounts payable (1,221) 266 406
Accrued compensation (261) 1,269 2,264
Accrued royalties 5,436 (307) 1,716
Accrued expenses and other liabilities 10,152 3,869 2,537
Income taxes payable (1,456) 2,427 875
Deferred rent 1,295 9,674 (222)
Deferred revenue (2,290) (39,559) 42,043
Net cash provided by operating activities 42,913 29,307 106,680
Investing activities      
Purchases of property and equipment (2,248) (13,470) (4,898)
Additions to capitalized software (948) (2,406) (1,234)
Purchases of short-term investments (124,707) (170,592) (241,269)
Purchase of long-term investments (950) (1,100) 0
Proceeds from sales and maturities of short-term investments 146,922 152,623 59,703
Acquisitions, net of cash acquired (18,254) (1,768) 0
Net cash used in investing activities (185) (36,713) (187,698)
Financing activities      
Proceeds from exercise of stock options 2,792 2,108 2,623
Repurchase of common stock (26,310) (12,545) (12,024)
Tax withholdings related to net share settlements of restricted stock units (51) 0 0
Excess tax benefits from employee stock options (305) 797 1,666
Net cash used in financing activities (23,874) (9,640) (7,735)
Effect of exchange rate changes on cash and cash equivalents 13 (87) (56)
Net increase (decrease) in cash and cash equivalents 18,867 (17,133) (88,809)
Cash and cash equivalents, at beginning of period 6,920 24,053 112,862
Cash and cash equivalents, at end of period 25,787 6,920 24,053
Supplemental disclosure of cash flow information      
Income taxes paid $ 2,893 $ 11,288 $ 27,006