XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 89,125 $ 88,109
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,103 32,592
Amortization of deferred financing costs 564 576
Non-cash lease expense 17,319 16,960
Stock-based compensation expense 8,439 6,669
Deferred income taxes (31,177) (4,461)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net 126,859 108,236
Prepaid expenses and other assets (34,438) (24,085)
Accounts payable and other accrued expenses (52,598) (16,235)
Accrued compensation and benefits (31,048) (40,521)
Income taxes payable and receivable 35,514 31,444
Operating lease liabilities (19,903) (16,076)
Long-term liabilities 1,084 2,745
Net cash provided by operating activities 144,843 185,953
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (12,771) (10,203)
Acquisition of businesses, net of cash acquired   (116,273)
Net cash used in investing activities (12,771) (126,476)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 378,000 548,000
Principal payments made under bank credit facilities (483,656) (589,730)
Proceeds from employee stock purchase plans 2,791 2,911
Repurchases of common stock (2,647) (2,472)
Payment of taxes for equity transactions (584) (426)
Net cash used in financing activities (106,096) (41,717)
Effect of exchange rate changes on cash and cash equivalents (4,144) (1,361)
Net change in cash and cash equivalents 21,832 16,399
Cash and cash equivalents at beginning of period 114,804 88,031
Cash and cash equivalents at end of period 136,636 104,430
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes 20,786 518
Cash paid during the period for interest 13,485 9,383
Non-cash financing and investing activities:    
Landlord sponsored tenant incentives 1,443 724
Accrued capital expenditures $ 401 $ 227