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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 163,198 $ 161,468
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 26,652 25,364
Amortization 61,164 58,873
Change in deferred income taxes 8,651 4,134
Expense for stock-based compensation 9,752 6,998
(Gain) Loss on Disposal of Assets (2,019) (103)
Changes in operating assets and liabilities:    
Change in receivables 87,518 106,782
Change in prepaid expenses, deferred costs and other (26,109) (21,911)
Change in accounts payable 16 (262)
Change in accrued expenses (22,627) (28,702)
Change in income taxes 13,922 19,861
Change in deferred revenues (126,134) (117,489)
Net cash from operating activities 193,984 215,013
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired 0 (30,376)
Capital expenditures (9,543) (30,758)
Proceeds from dispositions 6,157 326
Purchased Software (4,254) (5,551)
Computer software developed (62,804) (57,886)
Purchase of Investments (12,100) (1,150)
Net cash from investing activities (82,544) (125,395)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments on financing leases (57) 0
Purchase of treasury stock (109,899) (51,210)
Dividends paid (65,516) (61,502)
Tax withholding payments related to share based compensation (6,689) (2,624)
Proceeds from sale of common stock 5,138 4,603
Net cash from financing activities (177,023) (110,733)
NET CHANGE IN CASH AND CASH EQUIVALENTS (65,583) (21,115)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 213,345 93,628
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 147,762 $ 72,513