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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 276,968 $ 273,825
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 106,255 99,484
Amortization of deferred financing costs 1,688 1,712
Loss on extinguishment of debt 0 891
Non-cash lease expense 52,293 51,449
Stock-based compensation expense 30,564 23,085
Deferred income taxes (84,794) 2,813
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net (80,116) 66,953
Prepaid expenses and other assets (42,137) (27,227)
Accounts payable and other accrued expenses 62,116 23,056
Accrued compensation and benefits (62,522) (84,466)
Income taxes payable and receivable 28,825 201,112
Operating lease liabilities (58,667) (54,575)
Long-term liabilities 5,481 14,901
Net cash provided by operating activities 235,954 593,013
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (40,844) (38,742)
Acquisition of businesses, net of cash acquired 0 (615,769)
Other 1,626 923
Net cash used in investing activities (39,218) (653,588)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 2,384,000 2,087,095
Principal payments made under bank credit facilities (2,314,969) (1,965,386)
Payment of financing costs under bank credit facilities 0 (6,286)
Proceeds from employee stock purchase plans 7,638 7,398
Repurchases of common stock (270,449) (7,301)
Payment of taxes for equity transactions (14,115) (14,685)
Net cash (used in) provided by financing activities (207,895) 100,835
Effect of exchange rate changes on cash and cash equivalents 3,144 (3,217)
Net change in cash and cash equivalents (8,015) 37,043
Cash and cash equivalents at beginning of period 114,804 88,031
Cash and cash equivalents at end of period 106,789 125,074
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 131,114 (146,985)
Cash paid during the period for interest 47,941 27,298
Non-cash financing and investing activities:    
Landlord sponsored tenant incentives 3,883 2,256
Accrued capital expenditures $ 4,803 $ 952