XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net income $ 42,988 $ 19,672
Loss (income) from discontinued operations 16,046 (961)
Income from continuing operations 59,034 18,711
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 7,652 8,547
Amortization and adjustments to operating lease assets 27,057 21,309
Depreciation 18,325 17,224
Amortization of intangible assets 5,037 5,110
Amortization of deferred debt issuance costs 828 783
Provision for bad debts 5,377 11,436
Deferred income taxes (583) 2,067
Loss on disposals, accelerated depreciation, and adjustments to property and equipment 1,593 1,100
Realized and unrealized gain on investments (1,524) (442)
Realized gain on sale of assets 0 (4,779)
Unrealized loss on derivative 0 28,006
Changes in assets and liabilities:    
Accounts receivable (6,698) (14,779)
Prepaid expenses and other current assets 5,517 (19,445)
Accounts payable 2,701 (20,906)
Accrued payroll and benefits (9,832) (7,576)
Accrued liabilities 1,758 (916)
Deferred revenue 5,811 (44,531)
Operating lease liabilities (24,962) (27,549)
Other assets and liabilities (11,805) 2,390
Net cash provided by (used in) operating activities-continuing operations 85,286 (24,240)
Net cash (used in) provided by operating activities-discontinued operations (21,893) 10,566
Net cash provided by (used in) operating activities 63,393 (13,674)
Investing activities:    
Capital expenditures (24,175) (20,311)
Proceeds from sales of marketable securities 1,565 702
Purchases of marketable securities (1,613) (753)
Proceeds from sale of assets 0 6,421
Cash received on purchase price adjustment 0 92
Net cash used in investing activities-continuing operations (24,223) (13,849)
Net cash used in investing activities-discontinued operations 0 (2,585)
Net cash used in investing activities (24,223) (16,434)
Financing activities:    
Proceeds from exercise of stock options 56 2,028
Employee taxes paid on withholding shares (4,073) (5,232)
Proceeds from stock issued under Colleague Stock Purchase Plan 83 0
Repurchases of common stock for treasury (44,963) (100,019)
Borrowings under credit facility 0 160,000
Repayments under credit facility (1,500) (146,500)
Proceeds from down payment on seller loan 0 5,200
Payment for purchase of redeemable noncontrolling interest of subsidiary 0 (6,247)
Payment of debt issuance costs (1,722) 0
Net cash used in financing activities-continuing operations (52,119) (90,770)
Net cash used in financing activities-discontinued operations 0 (1,765)
Net cash used in financing activities (52,119) (92,535)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 565 (3,037)
Net decrease in cash, cash equivalents and restricted cash (12,384) (125,680)
Cash, cash equivalents and restricted cash at beginning of period 501,105 300,467
Cash, cash equivalents and restricted cash at end of period 488,721 174,787
Less: cash, cash equivalents and restricted cash of discontinued operations at end of period 0 104,040
Cash, cash equivalents and restricted cash at end of period $ 488,721 $ 70,747