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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 110,714 $ 99,969
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 25,973 27,471
Amortization 37,012 31,945
Change in deferred income taxes 6,267 (4,527)
Excess tax benefits from stock-based compensation, Operating Activities (301) (4,006)
Expense for stock-based compensation 5,112 4,583
Gain/loss on disposal of assets (290) (5,315)
Changes in operating assets and liabilities:    
Change in receivables 98,487 76,151
Change in prepaid expenses, deferred costs and other (27,913) (31,555)
Change in accounts payable (4,280) (2,627)
Change in accrued expenses (6,687) 1,263
Change in income taxes (4,204) 11,878
Change in deferred revenues (92,911) (78,332)
Net cash from operating activities 146,979 126,898
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (8,275) 0
Capital expenditures (31,506) (27,389)
Proceeds from sale of assets 2,747 8,242
Internal use software (8,183) (7,432)
Computer software developed (47,903) (36,820)
Net cash from investing activities (93,120) (63,399)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 100,000 70,000
Repayments on credit facilities (52,374) (4,669)
Purchase of treasury stock (155,122) (112,803)
Dividends paid (39,972) (35,961)
Excess tax benefits from stock-based compensation, Financing Activities 301 4,006
Proceeds from issuance of common stock upon exercise of stock options 1 402
Minimum tax withholding payments related to option exercises (2,501) (7,680)
Proceeds from sale of common stock, net 2,621 2,161
Net cash from financing activities (147,046) (84,544)
NET CHANGE IN CASH AND CASH EQUIVALENTS (93,187) (21,045)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 148,313 70,377
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 55,126 $ 49,332