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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 93,644 $ 67,977
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 30,144 26,762
Amortization of deferred financing costs 583 589
Non-cash lease expense 19,056 17,825
Stock-based compensation expense 7,847 7,038
Deferred income taxes 2,339 5,485
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net 20,987 21,589
Prepaid expenses and other assets (21,420) (25,989)
Accounts payable and other accrued expenses 21,109 3,477
Accrued compensation and benefits (23,882) (1,267)
Income taxes payable and receivable 8,384 4,463
Operating lease liabilities (19,364) (17,450)
Long-term liabilities 37,473 (7,295)
Net cash provided by operating activities 176,900 103,204
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (16,282) (22,536)
Cash paid for business acquisitions, net of cash acquired (354,095) (1,351)
Net cash used in investing activities (370,377) (23,887)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 839,500 439,500
Principal payments made under bank credit facilities (630,230) (506,230)
Proceeds from employee stock purchase plans 2,431 1,852
Repurchases of common stock (2,074) (1,717)
Payment of taxes for equity transactions (688) (467)
Net cash provided by (used in) financing activities 208,939 (67,062)
Effect of exchange rate changes on cash and cash equivalents 2,164 (1,101)
Net increase in cash and cash equivalents 17,626 11,154
Cash and cash equivalents at beginning of period 107,236 72,028
Cash and cash equivalents at end of period 124,862 83,182
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 19,725 4,675
Cash paid during the period for interest 8,768 15,114
Non-cash financing and investing activities:    
Landlord sponsored tenant improvement 1,389  
Accrued capital expenditures $ 938 $ 3,338