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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 200,122 $ 147,172
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 62,378 54,729
Amortization of deferred financing costs 1,163 1,176
Non-cash lease expense 38,436 35,850
Stock-based compensation expense 15,041 14,499
Deferred income taxes (6,311) 14,104
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net 94,292 51,458
Prepaid expenses and other assets (20,605) (28,921)
Accounts payable and other accrued expenses (30,087) 8,121
Accrued compensation and benefits 39,461 1,529
Income taxes payable and receivable 11,107 (21,384)
Operating lease liabilities (37,916) (37,989)
Long-term liabilities 15,206 (3,319)
Net cash provided by operating activities 382,287 237,025
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (31,873) (41,035)
Cash paid for business acquisitions, net of cash acquired (355,127) (102,056)
Net cash used in investing activities (387,000) (143,091)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 1,174,000 1,034,000
Principal payments made under bank credit facilities (1,161,460) (1,102,460)
Proceeds from employee stock purchase plans 4,664 3,665
Repurchases of common stock (4,420) (3,596)
Payment of taxes for equity transactions (18,649) (29,083)
Net cash used in financing activities (5,865) (97,474)
Effect of exchange rate changes on cash and cash equivalents 5,456 157
Net decrease in cash and cash equivalents (5,122) (3,383)
Cash and cash equivalents at beginning of period 107,236 72,028
Cash and cash equivalents at end of period 102,114 68,645
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 50,903 38,048
Cash paid during the period for interest 17,210 28,410
Non-cash financing and investing activities:    
Landlord sponsored tenant improvement 13,853 759
Accrued capital expenditures $ 1,047 $ 4,910