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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 84,559 $ 97,282
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,479 4,049
Right-of-use asset amortization 3,251 0
Net foreign currency (gains) losses (162) 318
Stock-based compensation 16,834 15,200
Deferred income taxes (10) (47,474)
Provision for bad debts 1,264 827
Other non-cash operating activities 215 217
Changes in assets and liabilities:    
Accounts receivable (4,539) (16,464)
Contract assets (22,521) (41,928)
Contract costs (830) (2,546)
Lease liabilities (3,396) 0
Prepaid expenses, prepaid income taxes, and other assets (1,768) 1,744
Accounts payable, accrued expenses, income taxes payable and other liabilities (23,105) 37,718
Deferred revenue 7,936 14,154
Net cash provided by operating activities 62,207 63,097
Cash flows from investing activities:    
Purchases of property, equipment and leasehold improvements (968) (180)
Payments for business acquisitions, net of cash acquired (74,219) 0
Payments for capitalized computer software costs (70) (189)
Net cash used in investing activities (75,257) (369)
Cash flows from financing activities:    
Exercises of stock options 2,714 4,466
Repurchases of common stock (100,864) (147,423)
Payments of tax withholding obligations related to restricted stock (5,851) (9,654)
Deferred business acquisition payments 0 (1,200)
Proceeds from borrowings 129,163 50,000
Payments of debt issuance costs (3,454) 0
Net cash provided by (used in) financing activities 21,708 (103,811)
Effect of exchange rate changes on cash and cash equivalents (98) (654)
Increase (decrease) in cash and cash equivalents 8,560 (41,737)
Cash and cash equivalents, beginning of period 71,926 96,165
Cash and cash equivalents, end of period 80,486  
Supplemental disclosure of non-cash activities:    
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses (96) 5
Change in repurchases of common stock included in accounts payable and accrued expenses (864) 2,577
Lease liabilities arising from obtaining right-of-use assets 4,824 0
Supplemental disclosure of cash flow information:    
Income taxes paid, net 19,748 17,827
Interest paid 5,192 3,541
Reconciliation to amounts within the unaudited consolidated balance sheets: [Abstract]    
Cash, cash equivalents, and restricted cash, end of period $ 80,486 $ 54,428