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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 86,047 $ 89,125
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,247 35,103
Amortization of deferred financing costs 547 564
Non-cash lease expense 16,932 17,319
Stock-based compensation expense 10,024 8,439
Deferred income taxes (7,812) (31,177)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net (111,159) 126,859
Prepaid expenses and other assets (37,343) (34,438)
Accounts payable and other accrued expenses 154,469 (52,598)
Accrued compensation and benefits (90,511) (31,048)
Income taxes payable and receivable 23,803 35,514
Operating lease liabilities (17,800) (19,903)
Long-term liabilities 7,644 1,084
Net cash provided by operating activities 70,088 144,843
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (13,991) (12,771)
Acquisitions of businesses, net of cash acquired (347) 0
Other 1,974 0
Net cash used in investing activities (12,364) (12,771)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 732,500 378,000
Principal payments made under bank credit facilities (640,156) (483,656)
Proceeds from employee stock purchase plans 3,156 2,791
Repurchases of common stock (140,364) (2,647)
Payment of taxes for equity transactions (697) (584)
Net cash used in financing activities (45,561) (106,096)
Effect of exchange rate changes on cash and cash equivalents (2,393) (4,144)
Net change in cash and cash equivalents 9,770 21,832
Cash and cash equivalents, beginning of period 115,776 114,804
Cash and cash equivalents, end of period 125,546 136,636
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 5,989 20,786
Cash paid during the period for interest 22,219 13,485
Non-cash financing and investing activities:    
Accrued share repurchases 12,426 0
Accrued capital expenditures 568 401
Landlord sponsored tenant incentives $ 1,039 $ 1,443