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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 193,644 $ 187,324
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 23,765 24,766
Amortization 75,366 68,946
Change in deferred income taxes (16,532) (27,611)
Expense for stock-based compensation 15,480 14,544
(Gain)/loss on disposal of assets 213 (7,240)
Changes in operating assets and liabilities:    
Change in receivables 90,702 102,672
Change in prepaid expenses, deferred costs and other (52,969) (39,042)
Change in accounts payable 277 (7,696)
Change in accrued expenses 15,463 (47,544)
Change in income taxes 23,792 47,025
Change in deferred revenues (130,529) (125,433)
Net cash from operating activities 238,672 190,711
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired 0 (229,628)
Capital expenditures (24,458) (17,376)
Proceeds from dispositions 878 27,885
Purchased software (2,971) (1,027)
Computer software developed (83,408) (81,046)
Purchase of investments (1,000) 0
Net cash from investing activities (110,959) (301,192)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 220,000 365,000
Repayments on credit facilities and financing leases (240,000) (205,042)
Purchase of treasury stock (20,000) 0
Dividends paid (75,722) (71,454)
Tax withholding payments related to share-based compensation (3,561) (6,731)
Proceeds from sale of common stock 6,036 5,684
Net cash from financing activities (113,247) 87,457
NET CHANGE IN CASH AND CASH EQUIVALENTS 14,466 (23,024)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 12,243 48,787
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 26,709 $ 25,763