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Recent Accounting Pronouncements Impact of Adoption of ASC 606 on Previously Reported Financial Statements (Tables) | 3 Months Ended
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Sep. 30, 2018
Impact of Adoption of ASC 606 on Previously Reported Financial Statements [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | Impacts on Financial Statements The following tables summarize the impacts of ASC 606 adoption on the Company’s Condensed Consolidated Financial Statements: Condensed Consolidated Balance Sheet as of June 30, 2018:
| As Previously Reported | Adjustments | As Adjusted
ASSETS |  |  |
CURRENT ASSETS: |  |  |
Cash and cash equivalents | $ | 31,440 |  | $ | — |  | $ | 31,440 |
Receivables, net | 291,630 |  | 5,641 |  | 297,271 |
Income tax receivable | 21,671 |  | — |  | 21,671 |
Prepaid expenses and other | 84,810 |  | 11,331 |  | 96,141 |
Deferred costs | 38,985 |  | (11,916 | ) | 27,069 |
Total current assets | 468,536 |  | 5,056 |  | 473,592 |
PROPERTY AND EQUIPMENT, net | 286,850 |  | — |  | 286,850 |
OTHER ASSETS: |  |  |
Non-current deferred costs | 95,540 |  | (20,675 | ) | 74,865 |
Computer software, net of amortization | 288,172 |  | — |  | 288,172 |
Other non-current assets | 107,775 |  | 2,524 |  | 110,299 |
Customer relationships, net of amortization | 115,034 |  | — |  | 115,034 |
Other intangible assets, net of amortization | 38,467 |  | — |  | 38,467 |
Goodwill | 649,929 |  | — |  | 649,929 |
Total other assets | 1,294,917 |  | (18,151 | ) | 1,276,766 |
Total assets | $ | 2,050,303 |  | $ | (13,095 | ) | $ | 2,037,208 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
CURRENT LIABILITIES: |  |  |
Accounts payable | $ | 34,510 |  | $ | — |  | $ | 34,510 |
Accrued expenses | 97,848 |  | (9,084 | ) | 88,764 |
Deferred revenues | 355,538 |  | (3,107 | ) | 352,431 |
Total current liabilities | 487,896 |  | (12,191 | ) | 475,705 |
LONG-TERM LIABILITIES: |  |  |
Non-current deferred revenues | 93,094 |  | (75,610 | ) | 17,484 |
Non-current deferred income tax liability | 189,613 |  | 18,690 |  | 208,303 |
Other long-term liabilities | 12,872 |  | — |  | 12,872 |
Total long-term liabilities | 295,579 |  | (56,920 | ) | 238,659 |
Total liabilities | 783,475 |  | (69,111 | ) | 714,364 |
STOCKHOLDERS' EQUITY |  |  |
Preferred stock - $1 par value; 500,000 shares authorized, none issued | — |  | — |  | — |
Common stock - $0.01 par value; 250,000,000 shares authorized; 103,278,562 shares issued at June 30, 2018 | 1,033 |  | — |  | 1,033 |
Additional paid-in capital | 464,138 |  | — |  | 464,138 |
Retained earnings | 1,856,917 |  | 56,016 |  | 1,912,933 |
Less treasury stock at cost 26,107,903 shares at June 30, 2018 | (1,055,260 | ) | — |  | (1,055,260 | )
Total stockholders' equity | 1,266,828 |  | 56,016 |  | 1,322,844 |
Total liabilities and equity | $ | 2,050,303 |  | $ | (13,095 | ) | $ | 2,037,208 |
Condensed Consolidated Statement of Income for the three months ended September 30, 2017:
| Three Months Ended September 30, 2017
| As Previously Reported | Adjustments | As Adjusted
REVENUE | $ | 359,934 |  | $ | 1,350 |  | $ | 361,284 |
EXPENSES |  |  |
Cost of Revenue | 204,715 |  | (800 | ) | 203,915 |
Research and Development | 20,929 |  | — |  | 20,929 |
Selling, General, and Administrative | 43,733 |  | (2,645 | ) | 41,088 |
Gain on Disposal of a Business | (1,705 | ) | — |  | (1,705 | )
Total Expenses | 267,672 |  | (3,445 | ) | 264,227 |
OPERATING INCOME | 92,262 |  | 4,795 |  | 97,057 |
INTEREST INCOME (EXPENSE) |  |  |
Interest Income | 147 |  | — |  | 147 |
Interest Expense | (189 | ) | — |  | (189 | )
Total Interest Income (Expense) | (42 | ) | — |  | (42 | )
INCOME BEFORE INCOME TAXES | 92,220 |  | 4,795 |  | 97,015 |
PROVISION/ (BENEFIT) FOR INCOME TAXES | 28,809 |  | 1,336 |  | 30,145 |
NET INCOME | $ | 63,411 |  | $ | 3,459 |  | $ | 66,870 |
Basic earnings per share | $ | 0.82 |  |  | $ | 0.87 |
Basic weighted average shares outstanding | 77,283 |  |  | 77,283 |
Diluted earnings per share | $ | 0.82 |  |  | $ | 0.86 |
Diluted weighted average shares outstanding | 77,646 |  |  | 77,646 |
Condensed Consolidated Statement of Cash Flows for the three months ended September 30, 2017:
| Three Months Ended September 30, 2017
| As Previously Reported | Adjustments | As Adjusted
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
Net Income | $ | 63,411 |  | $ | 3,459 |  | $ | 66,870 |
Adjustments to reconcile net income from operations to net cash from operating activities: |  |  |
Depreciation | 12,419 |  | — |  | 12,419 |
Amortization | 23,856 |  | — |  | 23,856 |
Change in deferred income taxes | 1,359 |  | 2,031 |  | 3,390 |
Expense for stock-based compensation | 1,513 |  | — |  | 1,513 |
(Gain)/loss on disposal of assets and businesses | (1,620 | ) | — |  | (1,620 | )
Changes in operating assets and liabilities: |  |  |
Change in receivables | 105,243 |  | (3,310 | ) | 101,933 |
Change in prepaid expenses, deferred costs and other | (13,645 | ) | (4,424 | ) | (18,069 | )
Change in accounts payable | 2,000 |  | — |  | 2,000 |
Change in accrued expenses | (9,881 | ) | 3,774 |  | (6,107 | )
Change in income taxes | 26,141 |  | (695 | ) | 25,446 |
Change in deferred revenues | (72,074 | ) | (835 | ) | (72,909 | )
Net cash from operating activities | 138,722 |  | — |  | 138,722 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
Payment for acquisitions, net of cash acquired | (10,455 | ) | — |  | (10,455 | )
Capital expenditures | (3,708 | ) | — |  | (3,708 | )
Proceeds from the sale of businesses | 200 |  | — |  | 200 |
Proceeds from the sale of assets | 106 |  | — |  | 106 |
Internal use software | (3,452 | ) | — |  | (3,452 | )
Computer software developed | (22,976 | ) | — |  | (22,976 | )
Net cash from investing activities | (40,285 | ) | — |  | (40,285 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
Repayments on credit facilities | (50,000 | ) | — |  | (50,000 | )
Purchase of treasury stock | (30,018 | ) | — |  | (30,018 | )
Dividends paid | (23,904 | ) | — |  | (23,904 | )
Proceeds from issuance of common stock upon exercise of stock options | 1 |  | — |  | 1 |
Tax withholding payments related to share based compensation | (7,033 | ) | — |  | (7,033 | )
Proceeds from sale of common stock | 1,792 |  | — |  | 1,792 |
Net cash from financing activities | (109,162 | ) | — |  | (109,162 | )
NET CHANGE IN CASH AND CASH EQUIVALENTS | $ | (10,725 | ) | $ | — |  | $ | (10,725 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | $ | 114,765 |  | $ | — |  | $ | 114,765 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 104,040 |  | $ | — |  | $ | 104,040 |

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
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