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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 101,679 $ 106,549
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 12,052 12,416
Amortization 37,183 33,194
Change in deferred income taxes (10,178) (12,345)
Expense for stock-based compensation 7,148 6,998
(Gain)/loss on disposal of assets (111) (6,124)
Changes in operating assets and liabilities:    
Change in receivables 72,519 101,509
Change in prepaid expenses, deferred costs and other (17,356) (34,740)
Change in accounts payable (1,234) (2,168)
Change in accrued expenses (17,285) (45,265)
Change in income taxes 39,044 41,937
Change in deferred revenues (66,322) (65,130)
Net cash from operating activities 157,139 136,831
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired 0 (228,986)
Capital expenditures (7,612) (7,737)
Proceeds from dispositions 852 26,252
Purchased software (2,280) (408)
Computer software developed (41,486) (38,715)
Net cash from investing activities (50,526) (249,594)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 135,000 280,000
Repayments on credit facilities and financing leases (165,000) (150,022)
Purchase of treasury stock (20,000) 0
Dividends paid (37,863) (35,709)
Tax withholding payments related to share-based compensation (2,944) (1,556)
Proceeds from sale of common stock 3,418 3,233
Net cash from financing activities (87,389) 95,946
NET CHANGE IN CASH AND CASH EQUIVALENTS 19,224 (16,817)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 12,243 48,787
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 31,467 $ 31,970