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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 46,165 $ 10,646
Loss from discontinued operations 80 1,313
Income from continuing operations 46,245 11,959
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 9,451 7,455
Amortization and impairments to operating lease assets 6,948 8,765
Depreciation 9,803 9,338
Amortization of acquired intangible assets 2,805 10,677
Amortization of debt discount and issuance costs 1,113 1,155
Provision for bad debts 13,720 10,226
Deferred income taxes 16,456 2,165
Loss on disposals of property and equipment 107 38
(Gain) loss on investments (613) 447
Changes in assets and liabilities:    
Accounts and financing receivables (56,803) (54,867)
Prepaid expenses and other current assets (7,389) (5,532)
Cloud computing implementation assets (7,888) (4,224)
Accounts payable (8,508) (2,818)
Accrued payroll and benefits (21,501) (8,882)
Accrued liabilities (8,467) 13,770
Deferred revenue 106,156 98,658
Operating lease liabilities (7,232) (10,053)
Other assets and liabilities (4,836) (2,163)
Net cash provided by operating activities-continuing operations 89,567 86,114
Net cash (used in) provided by operating activities-discontinued operations (251) 8,959
Net cash provided by operating activities 89,316 95,073
Investing activities:    
Capital expenditures (10,414) (10,434)
Proceeds from sales of marketable securities 2,187 400
Purchases of marketable securities (1,308) (300)
Net cash used in investing activities (9,535) (10,334)
Financing activities:    
Proceeds from exercise of stock options 9,498 550
Employee taxes paid on withholding shares (10,717) (5,651)
Proceeds from stock issued under Colleague Stock Purchase Plan 298 190
Repurchases of common stock for treasury (33,190) (90,477)
Proceeds from issuance of long-term debt 9,873 0
Repayments of long-term debt (9,873) 0
Net cash used in financing activities (34,111) (95,388)
Net increase (decrease) in cash, cash equivalents and restricted cash 45,670 (10,649)
Cash, cash equivalents and restricted cash at beginning of period 221,202 275,075
Cash, cash equivalents and restricted cash at end of period 266,872 264,426
Non-cash investing and financing activities:    
Accrued capital expenditures 4,193 6,087
Accrued liability for repurchases of common stock 800 3,600
Accrued excise tax on share repurchases $ 3,259 $ 1,928