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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 89,370 $ 83,551
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 12,708 10,903
Amortization 29,380 27,827
Change in deferred income taxes 2,359 730
Expense for stock-based compensation 2,853 1,771
(Gain)/ loss on disposal of assets and businesses (8) (30)
Changes in operating assets and liabilities:    
Change in receivables 77,123 98,708
Change in prepaid expenses, deferred costs and other (13,486) (33,076)
Change in accounts payable 1,865 (5,782)
Change in accrued expenses (35,270) (4,278)
Change in income taxes 25,081 18,501
Change in deferred revenues (68,939) (52,151)
Net cash from operating activities 123,052 146,734
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (30,285) 0
Capital expenditures (13,101) (24,001)
Proceeds from sale of assets 10 33
Purchased software (2,424) (1,626)
Computer software developed (28,475) (26,669)
Purchase of investments 1,150 0
Net cash from investing activities (75,425) (52,263)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of treasury stock (14,145) 0
Dividends paid (30,771) 0
Proceeds from issuance of common stock upon exercise of stock options 0 1
Tax withholding payments related to share based compensation (2,072) (13,257)
Proceeds from sale of common stock 2,412 2,217
Net cash from financing activities (44,576) (11,039)
NET CHANGE IN CASH AND CASH EQUIVALENTS 3,051 83,432
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 93,628 31,440
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 96,679 $ 114,872