XML 24 R76.htm IDEA: XBRL DOCUMENT v3.2.0.727
Statement of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net Income $ 52,529 $ 42,606 $ 48,360 $ 43,220 $ 53,248 $ 42,500 $ 35,902 $ 35,960 $ 186,715 $ 167,610 $ 152,040
Adjustments to reconcile net income to net cash from operating activities:                      
Depreciation                 52,935 51,967 45,322
Amortization                 54,836 48,374 49,297
Change in deferred income taxes                 12,752 18,336 20,911
Excess tax benefits from stock-based compensation, Operating Activities                 (3,406) (3,621) (3,465)
Expense for stock-based compensation                 10,091 8,615 6,950
Gain/loss on disposal of assets                 (784) 3,908 1,198
Changes in operating assets and liabilities:                      
Change in receivables                 7,498 (12,739) (10,795)
Change in prepaid expenses, deferred costs and other                 (28,565) (11,502) (27,761)
Change in accounts payable                 (1,252) (4,582) 3,488
Change in accrued expenses                 (6,364) 7,774 7,770
Change in income taxes                 5,251 4,575 9,257
Change in deferred revenues                 51,952 30,459 10,338
Net cash from operating activities                 341,659 309,174 264,550
CASH FLOWS FROM INVESTING ACTIVITIES:                      
Payment for acquisitions, net of cash acquired                 (27,894) 0 0
Capital expenditures                 (33,185) (46,256) (41,441)
Proceeds from sale of assets                 7,781 530 2,772
Customer contracts acquired                 0 (186) (720)
Internal use software                 (16,288) 0 0
Computer software developed                 (62,194) (51,332) (37,873)
Proceeds from investments                 0 0 3,000
Purchase of investments                 0 0 (2,000)
Net cash from investing activities                 (131,780) (97,244) (76,262)
CASH FLOWS FROM FINANCING ACTIVITIES:                      
Borrowings on credit facilities                 25,000 0 0
Repayments on credit facilities                 (47,158) (145,180) (35,280)
Purchase of treasury stock                 (175,699) (58,126) (34,371)
Dividends paid                 (71,251) (48,202) (38,128)
Excess tax benefits from stock-based compensation, Financing Activities                 3,406 3,621 3,465
Proceeds from issuance of common stock upon exercise of stock options                 609 6,775 11,004
Minimum tax withholding payments related to option exercises                 (6,598) (3,926) (4,112)
Proceeds from sale of common stock, net                 4,284 3,700 3,322
Net cash from financing activities                 (267,407) (241,338) (94,100)
NET CHANGE IN CASH AND CASH EQUIVALENTS                 (57,528) (29,408) 94,188
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD       127,905       157,313 127,905 157,313 63,125
CASH AND CASH EQUIVALENTS, END OF PERIOD 70,377       127,905       70,377 127,905 157,313
Scenario, Previously Reported [Member]                      
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net Income 50,609 46,757 53,982 49,788 47,669 45,996 40,505 42,475 201,136 176,645 154,984
Adjustments to reconcile net income to net cash from operating activities:                      
Depreciation                 52,935 51,967 45,322
Amortization                 54,836 48,374 49,297
Change in deferred income taxes                 22,032 24,091 22,610
Excess tax benefits from stock-based compensation, Operating Activities                 (3,406) (3,621) (3,465)
Expense for stock-based compensation                 10,091 8,615 6,950
Gain/loss on disposal of assets                 (784) 3,908 1,198
Changes in operating assets and liabilities:                      
Change in receivables                 7,498 (12,739) (10,795)
Change in prepaid expenses, deferred costs and other                 (15,386) (4,430) (22,962)
Change in accounts payable                 (1,252) (4,582) 3,488
Change in accrued expenses                 (6,364) 7,774 7,770
Change in income taxes                 5,251 4,575 9,257
Change in deferred revenues                 15,072 8,597 896
Net cash from operating activities                 341,659 309,174 264,550
CASH FLOWS FROM INVESTING ACTIVITIES:                      
Payment for acquisitions, net of cash acquired                 (27,894) 0 0
Capital expenditures                 (33,185) (46,256) (41,441)
Proceeds from sale of assets                 7,781 530 2,772
Customer contracts acquired                 0 (186) (720)
Internal use software                 (16,288) 0 0
Computer software developed                 (62,194) (51,332) (37,873)
Proceeds from investments                 0 0 3,000
Purchase of investments                 0 0 (2,000)
Net cash from investing activities                 (131,780) (97,244) (76,262)
CASH FLOWS FROM FINANCING ACTIVITIES:                      
Borrowings on credit facilities                 25,000 0 0
Repayments on credit facilities                 (47,158) (145,180) (35,280)
Purchase of treasury stock                 (175,699) (58,126) (34,371)
Dividends paid                 (71,251) (48,202) (38,128)
Excess tax benefits from stock-based compensation, Financing Activities                 3,406 3,621 3,465
Proceeds from issuance of common stock upon exercise of stock options                 609 6,775 11,004
Minimum tax withholding payments related to option exercises                 (6,598) (3,926) (4,112)
Proceeds from sale of common stock, net                 4,284 3,700 3,322
Net cash from financing activities                 (267,407) (241,338) (94,100)
NET CHANGE IN CASH AND CASH EQUIVALENTS                 (57,528) (29,408) 94,188
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD       127,905       157,313 127,905 157,313 63,125
CASH AND CASH EQUIVALENTS, END OF PERIOD 70,377       127,905       70,377 127,905 157,313
Scenario, Adjustment [Member]                      
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net Income 1,920 $ (4,151) $ (5,622) (6,568) 5,579 $ (3,496) $ (4,603) (6,515) (14,421) (9,035) (2,944)
Adjustments to reconcile net income to net cash from operating activities:                      
Depreciation                 0 0 0
Amortization                 0 0 0
Change in deferred income taxes                 (9,280) (5,755) (1,699)
Excess tax benefits from stock-based compensation, Operating Activities                 0 0 0
Expense for stock-based compensation                 0 0 0
Gain/loss on disposal of assets                 0 0 0
Changes in operating assets and liabilities:                      
Change in receivables                 0 0 0
Change in prepaid expenses, deferred costs and other                 (13,179) (7,072) (4,799)
Change in accounts payable                 0 0 0
Change in accrued expenses                 0 0 0
Change in income taxes                 0 0 0
Change in deferred revenues                 36,880 21,862 9,442
Net cash from operating activities                 0 0 0
CASH FLOWS FROM INVESTING ACTIVITIES:                      
Payment for acquisitions, net of cash acquired                 0 0 0
Capital expenditures                 0 0 0
Proceeds from sale of assets                 0 0 0
Customer contracts acquired                 0 0 0
Internal use software                 0 0 0
Computer software developed                 0 0 0
Proceeds from investments                 0 0 0
Purchase of investments                 0 0 0
Net cash from investing activities                 0 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:                      
Borrowings on credit facilities                 0 0 0
Repayments on credit facilities                 0 0 0
Purchase of treasury stock                 0 0 0
Dividends paid                 0 0 0
Excess tax benefits from stock-based compensation, Financing Activities                 0 0 0
Proceeds from issuance of common stock upon exercise of stock options                 0 0 0
Minimum tax withholding payments related to option exercises                 0 0 0
Proceeds from sale of common stock, net                 0 0 0
Net cash from financing activities                 0 0 0
NET CHANGE IN CASH AND CASH EQUIVALENTS                 0 0 0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD       $ 0       $ 0 0 0 0
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 0       $ 0       $ 0 $ 0 $ 0