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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 83,551 $ 66,870
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 10,903 12,419
Amortization 27,827 23,856
Change in deferred income taxes 730 3,390
Expense for stock-based compensation 1,771 1,513
(Gain)/ loss on disposal of assets and businesses (30) 1,620
Changes in operating assets and liabilities:    
Change in receivables 98,708 101,933
Change in prepaid expenses, deferred costs and other (28,926) (18,069)
Change in accounts payable (9,932) 2,000
Change in accrued expenses (4,278) (6,107)
Change in income taxes 18,501 25,446
Change in deferred revenues (52,151) (72,909)
Net cash from operating activities 146,734 138,722
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired 0 (10,455)
Capital expenditures (24,001) (3,708)
Proceeds from the sale of businesses 0 200
Proceeds from sale of assets 33 106
Internal use software (1,626) (3,452)
Computer software developed (26,669) (22,976)
Net cash from investing activities (52,263) (40,285)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments on credit facilities 0 (50,000)
Purchase of treasury stock 0 (30,018)
Dividends paid 0 (23,904)
Proceeds from issuance of common stock upon exercise of stock options 1 1
Tax withholding payments related to share based compensation (13,257) (7,033)
Proceeds from sale of common stock, net 2,217 1,792
Net cash from financing activities (11,039) (109,162)
NET CHANGE IN CASH AND CASH EQUIVALENTS 83,432 (10,725)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 31,440 114,765
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 114,872 $ 104,040