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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 330,830 $ 279,983 $ 165,652
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Stock-Based Compensation Expense 14,251 10,148 7,550
Depreciation 58,033 51,225 39,825
Amortization 6,538 10,997 10,625
Provision for Refunds and Uncollectible Accounts 90,742 88,202 72,395
Deferred Income Taxes 23,966 (11,431) 344
Loss on Disposals of Land, Buildings and Equipment 469 666 2,394
Unrealized Net Gain on Investments   (1,225) 1,224
Changes in Assets and Liabilities:      
Restricted Cash (206) 3,247 (1,097)
Accounts Receivable (84,940) (102,588) (89,249)
Prepaid Expenses and Other 375 7,536 7,292
Accounts Payable (26,808) 18,776 (3,084)
Accrued Salaries, Wages, Benefits and Expenses 5,737 30,854 20,130
Advance Tuition Payments 1,291 (6,805) 5,889
Deferred Tuition Revenue (12,288) 11,963 9,675
NET CASH PROVIDED BY OPERATING ACTIVITIES 407,990 391,548 249,565
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital Expenditures (135,726) (131,009) (74,044)
Payment for Purchase of Business, Net of Cash Acquired (3,027)   (315,318)
Marketable Securities Purchased (101) (79) (63)
Marketable Securities Sales 13,495 46,000  
Other (627) (700)  
NET CASH USED IN INVESTING ACTIVITIES (125,986) (85,788) (389,425)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Exercise of Stock Options 9,098 13,041 12,157
Proceeds from Stock Issued Under Employee Stock Purchase Plan 1,460 997 2,066
Repurchase of Common Stock for Treasury (132,940) (41,683) (33,684)
Cash Dividends Paid (15,529) (12,839) (10,015)
Excess Tax Benefit from Stock-Based Payments 1,012 3,455 3,571
Payment of Debt Financing Fees (3,290)    
Borrowings Under Revolving Credit Facility   70,000 290,000
Repayments Under Revolving Credit Facility   (150,000) (210,000)
Repayment of Fanor Debt     (12,740)
Borrowings Under Collateralized Line of Credit   300 46,419
Repayments Under Collateralized Line of Credit   (45,111) (1,608)
NET CASH USED IN FINANCING ACTIVITIES (140,189) (161,840) 86,166
Effects of Exchange Rate Differences (2,372) (1,420) 1,697
NET INCREASE IN CASH AND CASH EQUIVALENTS 139,443 142,500 (51,997)
Cash and Cash Equivalents at Beginning of Period 307,702 165,202 217,199
Cash and Cash Equivalents at End of Period 447,145 307,702 165,202
Cash Paid During Period For:      
Interest 454 867 2,167
Income Taxes, Net 152,553 130,502 60,609
Non-cash Investing Activity:      
Declaration of Cash Dividends to be Paid 8,289 7,117 5,705
Accretion of Non-controlling Interest Put Option $ 1,321 $ 1,745