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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:      
Net income $ 262,734 $ 148,688 $ 162,196
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8,143    
Net foreign currency (gains) losses (1,251)    
Stock-based compensation 27,573    
Deferred income taxes (26,839) 3,193 (4,286)
Provision for bad debts 645    
Tax benefits from stock-based compensation 0    
Excess tax benefits from stock-based compensation 0    
Other non-cash operating activities 429    
Changes in assets and liabilities:      
Accounts receivable (6,626) (4,327) (7,480)
Contract assets (59,322) 0 0
Contract costs (4,482) 0 0
Prepaid expenses, prepaid income taxes, and other assets (2,411)    
Accounts payable, accrued expenses, income taxes payable and other liabilities 21,921    
Deferred revenue 17,799 13,700 18,477
Net cash provided by operating activities 238,313 206,936 182,386
Cash flows from investing activities:      
Purchases of marketable securities 0    
Maturities of marketable securities 0    
Purchase of property, equipment and leasehold improvements (436)    
Payments for business acquisitions, net of cash acquired (6,098)    
Payments for capitalized computer software costs (1,131)    
Net cash used in investing activities (7,665)    
Cash flows from financing activities:      
Proceeds from issuances of shares of common stock 10,864    
Repurchases of common stock (299,214)    
Payment of tax withholding obligations related to restricted stock (14,477)    
Deferred business acquisition payments (1,700)    
Excess tax benefits from stock-based compensation 0    
Proceeds from credit agreement 50,000    
Payments of credit agreement issuance costs 0    
Net cash used in financing activities (254,527)    
Effect of exchange rate changes on cash and cash equivalents (360)    
Decrease in cash and cash equivalents (24,239)    
Cash and cash equivalents, beginning of year 96,165    
Cash and cash equivalents, end of year 71,926 96,165  
Supplemental disclosure of cash flow information:      
Income tax paid, net 53,153    
Interest paid 8,121    
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 104    
Change in repurchases of common stock included in accounts payable and accrued expenses 786    
Accounting Standards Update 2014-09 (Topic 606) [Member]      
Cash flows from operating activities:      
Net income   293,703 179,386
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization   6,544 6,405
Net foreign currency (gains) losses   980 (1,036)
Stock-based compensation   22,688 18,800
Deferred income taxes   (110,308) 5,273
Provision for bad debts   1,418 199
Tax benefits from stock-based compensation   0 5,965
Excess tax benefits from stock-based compensation   0 (5,965)
Other non-cash operating activities   421 602
Changes in assets and liabilities:      
Accounts receivable   846 (8,164)
Contract assets   3,640 (4,327)
Contract costs   (617) (203)
Prepaid expenses, prepaid income taxes, and other assets   3,821 (2,421)
Accounts payable, accrued expenses, income taxes payable and other liabilities   1,156 (9,070)
Deferred revenue   (17,356) (3,058)
Net cash provided by operating activities   206,936 182,386
Cash flows from investing activities:      
Purchases of marketable securities   0 (683,748)
Maturities of marketable securities   0 686,346
Purchase of property, equipment and leasehold improvements   (331) (2,720)
Payments for business acquisitions, net of cash acquired   (33,700) (36,171)
Payments for capitalized computer software costs   (329) (405)
Net cash used in investing activities   (34,360) (36,698)
Cash flows from financing activities:      
Proceeds from issuances of shares of common stock   13,466 9,273
Repurchases of common stock   (205,049) (371,491)
Payment of tax withholding obligations related to restricted stock   (7,896) (5,764)
Deferred business acquisition payments   (8,649) 0
Excess tax benefits from stock-based compensation   0 5,965
Proceeds from credit agreement   30,000 0
Payments of credit agreement issuance costs   (351) 0
Net cash used in financing activities   (178,479) (362,017)
Effect of exchange rate changes on cash and cash equivalents   114 (53)
Decrease in cash and cash equivalents   (5,789) (216,382)
Cash and cash equivalents, beginning of year $ 96,165 101,954 318,336
Cash and cash equivalents, end of year   96,165 101,954
Supplemental disclosure of cash flow information:      
Income tax paid, net   50,557 65,536
Interest paid   5,038 3,444
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   (61) (47)
Change in repurchases of common stock included in accounts payable and accrued expenses   $ (5,049) $ 3,509