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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:      
Net income $ 139,951 $ 118,407 $ 85,783
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 6,061 6,216 5,215
Net foreign currency (gain) loss (3,666) (1,552) 1,934
Stock-based compensation 15,727 14,584 14,056
Deferred income taxes 2,499 20,112 34,596
Provision for bad debts 260 (513) 1,793
Tax benefits from stock-based compensation 2,208 37,024 727
Excess tax benefits from stock-based compensation (2,208) (37,024) (727)
Other non-cash operating activities 321 1,619 1,847
Changes in assets and liabilities:      
Accounts receivable 9,382 8,028 (3,179)
Unbilled services 0 526 301
Prepaid expenses, prepaid income taxes, and other assets (7,681) 4,070 947
Installment receivables 1,575 (364) 13,607
Accounts payable, accrued expenses and other liabilities (4,489) 5,933 906
Deferred revenue (6,196) 14,919 42,325
Net cash provided by operating activities 153,744 191,985 200,131
Cash flows from investing activities:      
Purchase of marketable securities 0 (50,065) (68,356)
Maturities of marketable securities 58,973 85,535 60,265
Purchase of property, equipment and leasehold improvements (3,483) (7,645) (4,011)
Purchase of technology intangibles 0 0 (400)
Payments for business acquisitions (8,000) 0 0
Capitalized computer software development costs (269) (359) (685)
Net cash provided by (used in) investing activities 47,221 27,466 (13,187)
Cash flows from financing activities:      
Exercise of stock options 3,924 4,662 8,710
Repurchases of common stock (178,604) (297,246) (121,776)
Payment of tax withholding obligations related to restricted stock (4,480) (5,699) (7,831)
Excess tax benefits from stock-based compensation 2,208 37,024 727
Proceeds from credit agreement 140,000 0 0
Payments of credit agreement issuance costs (1,707) 0 0
Net cash used in financing activities (38,659) (261,259) (120,170)
Effect of exchange rate changes on cash and cash equivalents (219) (1,469) 320
(Decrease) increase in cash and cash equivalents 162,087 (43,277) 67,094
Cash and cash equivalents, beginning of year 156,249 199,526 132,432
Cash and cash equivalents, end of year 318,336 156,249 199,526
Supplemental disclosure of cash flow information:      
Income tax paid, net 69,028 3,712 7,157
Interest paid 963 30 37
Supplemental disclosure of non-cash investing and financing activities:      
Change in landlord improvement allowance included in leasehold improvements and deferred rent liability 0 6,064 0
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses (825) 675 0
Change in common stock repurchases included in accounts payable and accrued expenses $ 1,462 $ 1,098 $ 0