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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 35,000 $ 36,771
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,791 1,547
Net foreign currency gains (745) (1,189)
Stock-based compensation 4,958 4,423
Deferred income taxes (46) 0
Provision for (recovery from) bad debts (7) 26
Tax benefits from stock-based compensation 584 1,577
Excess tax benefits from stock-based compensation (584) (1,577)
Other non-cash operating activities 90 159
Changes in assets and liabilities:    
Accounts receivable (1,355) 8,769
Prepaid expenses, prepaid income taxes, and other assets 1,885 812
Accounts payable, accrued expenses, income taxes payable and other liabilities 12,520 2,348
Deferred revenue (27,841) (35,220)
Net cash provided by operating activities 26,250 18,446
Cash flows from investing activities:    
Purchases of marketable securities (193,748) 0
Maturities of marketable securities 53,184 10,370
Purchases of property, equipment and leasehold improvements (898) (1,119)
Payments for business acquisitions (5,400) 0
Payments for capitalized computer software costs (51) 0
Net cash (used in) provided by investing activities (146,913) 9,251
Cash flows from financing activities:    
Exercises of stock options 3,089 611
Repurchases of common stock (151,621) (55,033)
Payments of tax withholding obligations related to restricted stock (1,297) (1,125)
Excess tax benefits from stock-based compensation 584 1,577
Net cash used in financing activities (149,245) (53,970)
Effect of exchange rate changes on cash and cash equivalents (51) (237)
Decrease in cash and cash equivalents (269,959) (26,510)
Cash and cash equivalents, beginning of period 318,336 156,249
Cash and cash equivalents, end of period 48,377 129,739
Supplemental disclosure of cash flow information:    
Income taxes paid, net 1,239 2,895
Interest paid 850 1
Supplemental disclosure of non-cash investing and financing activities:    
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses 506 (631)
Change in common stock repurchases included in accrued expenses $ (1,621) $ 33