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Recent Accounting Pronouncements Impact of Adoption of ASC 606 on Previously Reported Financial Statements (Tables) | 6 Months Ended
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Dec. 31, 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 and six months ended December 31, 2017:
| Three Months Ended December 31, 2017 |  | Six Months Ended December 31, 2017
| As Previously Reported | Adjustments | As Adjusted |  | As Previously Reported | Adjustments | As Adjusted
REVENUE | $ | 374,756 |  | $ | (17,547 | ) | $ | 357,209 |  |  | $ | 734,690 |  | $ | (16,197 | ) | $ | 718,493 |
EXPENSES |  |  |  |  |  |  |
Cost of Revenue | 211,653 |  | (4,553 | ) | 207,100 |  |  | 416,368 |  | (5,352 | ) | 411,016 |
Research and Development | 22,414 |  | — |  | 22,414 |  |  | 43,343 |  | — |  | 43,343 |
Selling, General, and Administrative | 45,613 |  | (2,519 | ) | 43,094 |  |  | 89,346 |  | (5,165 | ) | 84,181 |
Gain on Disposal of a Business | (189 | ) | — |  | (189 | ) |  | (1,894 | ) | — |  | (1,894 | )
Total Expenses | 279,491 |  | (7,072 | ) | 272,419 |  |  | 547,163 |  | (10,517 | ) | 536,646 |
OPERATING INCOME | 95,265 |  | (10,475 | ) | 84,790 |  |  | 187,527 |  | (5,680 | ) | 181,847 |
INTEREST INCOME (EXPENSE) |  |  |  |  |  |  |
Interest Income | 146 |  | — |  | 146 |  |  | 293 |  | — |  | 293 |
Interest Expense | (250 | ) | — |  | (250 | ) |  | (439 | ) | — |  | (439 | )
Total Interest Income (Expense) | (104 | ) | — |  | (104 | ) |  | (146 | ) | — |  | (146 | )
INCOME BEFORE INCOME TAXES | 95,161 |  | (10,475 | ) | 84,686 |  |  | 187,381 |  | (5,680 | ) | 181,701 |
PROVISION/ (BENEFIT) FOR INCOME TAXES | (60,413 | ) | (16,144 | ) | (76,557 | ) |  | (31,604 | ) | (14,808 | ) | (46,412 | )
NET INCOME | $ | 155,574 |  | $ | 5,669 |  | $ | 161,243 |  |  | $ | 218,985 |  | $ | 9,128 |  | $ | 228,113 |
Basic earnings per share | $ | 2.01 |  |  | $ | 2.09 |  |  | $ | 2.83 |  |  | $ | 2.95 |
Basic weighted average shares outstanding | 77,218 |  |  | 77,218 |  |  | 77,250 |  |  | 77,250 |
Diluted earnings per share | $ | 2.01 |  |  | $ | 2.08 |  |  | $ | 2.82 |  |  | $ | 2.94 |
Diluted weighted average shares outstanding | 77,565 |  |  | 77,565 |  |  | 77,606 |  |  | 77,606 |
Condensed Consolidated Statement of Cash Flows for the six months ended December 31, 2017:
| Six Months Ended December 31, 2017
| As Previously Reported | Adjustments | As Adjusted
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
Net Income | $ | 218,985 |  | $ | 9,128 |  | $ | 228,113 |
Adjustments to reconcile net income from operations to net cash from operating activities: |  |  |
Depreciation | 24,602 |  | — |  | 24,602 |
Amortization | 48,711 |  | — |  | 48,711 |
Change in deferred income taxes | (72,721 | ) | (14,319 | ) | (87,040 | )
Expense for stock-based compensation | 4,609 |  | — |  | 4,609 |
(Gain)/loss on disposal of assets and businesses | (1,841 | ) | — |  | (1,841 | )
Changes in operating assets and liabilities: |  |  |
Change in receivables | 115,572 |  | 28,342 |  | 143,914 |
Change in prepaid expenses, deferred costs and other | (17,105 | ) | (40,109 | ) | (57,214 | )
Change in accounts payable | 5,371 |  | — |  | 5,371 |
Change in accrued expenses | (15,386 | ) | 2,150 |  | (13,236 | )
Change in income taxes | 2,317 |  | (488 | ) | 1,829 |
Change in deferred revenues | (136,206 | ) | 15,296 |  | (120,910 | )
Net cash from operating activities | 176,908 |  | — |  | 176,908 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
Payment for acquisitions, net of cash acquired | (137,654 | ) | — |  | (137,654 | )
Capital expenditures | (12,249 | ) | — |  | (12,249 | )
Proceeds from the sale of businesses | 350 |  | — |  | 350 |
Proceeds from the sale of assets | 205 |  | — |  | 205 |
Internal use software | (6,025 | ) | — |  | (6,025 | )
Computer software developed | (46,936 | ) | — |  | (46,936 | )
Net cash from investing activities | (202,309 | ) | — |  | (202,309 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
Borrowings on credit facilities | 100,000 |  | — |  | 100,000 |
Repayments on credit facilities | (50,000 | ) | — |  | (50,000 | )
Purchase of treasury stock | (30,018 | ) | — |  | (30,018 | )
Dividends paid | (47,844 | ) | — |  | (47,844 | )
Proceeds from issuance of common stock upon exercise of stock options | 1 |  | — |  | 1 |
Tax withholding payments related to share based compensation | (7,144 | ) | — |  | (7,144 | )
Proceeds from sale of common stock | 3,360 |  | — |  | 3,360 |
Net cash from financing activities | (31,645 | ) | — |  | (31,645 | )
NET CHANGE IN CASH AND CASH EQUIVALENTS | $ | (57,046 | ) | $ | — |  | $ | (57,046 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | $ | 114,765 |  | $ | — |  | $ | 114,765 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 57,719 |  | $ | — |  | $ | 57,719 |

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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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