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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 120,177 $ 86,047
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,678 35,247
Amortization of deferred financing costs 549 547
Stock-based compensation expense 15,391 10,024
Deferred income taxes (7,086) (7,812)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net (35,770) (111,159)
Prepaid expenses and other assets (40,308) (37,343)
Accounts payable and other accrued expenses (10,561) 154,469
Accrued compensation and benefits (75,614) (90,511)
Income taxes payable and receivable 30,609 23,803
Operating lease liabilities and assets, net (1,054) (868)
Long-term liabilities 3,650 7,644
Net cash provided by operating activities 34,661 70,088
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (11,476) (13,991)
Acquisitions of businesses (251) (347)
Other 0 1,974
Net cash used in investing activities (11,727) (12,364)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 1,289,000 732,500
Principal payments made under bank credit facilities (1,009,313) (640,156)
Proceeds from employee stock purchase plans 3,098 3,156
Repurchases of common stock (3,242) (140,364)
Payment of taxes for equity transactions (187) (697)
Net cash provided by (used in) financing activities 279,356 (45,561)
Effect of exchange rate changes on cash and cash equivalents 4,455 (2,393)
Net change in cash and cash equivalents 306,745 9,770
Cash and cash equivalents, beginning of period 133,961 115,776
Cash and cash equivalents, end of period 440,706 125,546
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 8,563 5,989
Cash paid during the period for interest 20,894 22,219
Non-cash financing and investing activities:    
Accrued share repurchases 0 12,426
Accrued capital expenditures 185 568
Landlord sponsored tenant incentives $ 2,515 $ 1,039