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Recent Accounting Pronouncements Impact of Adoption of ASC 606 on Previously Reported Financial Statements (Tables) | 9 Months Ended
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Mar. 31, 2019
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 Statements of Income for the three and nine months ended March 31, 2018:
| Three Months Ended March 31, 2018 |  | Nine Months Ended March 31, 2018
| As Previously Reported | Adjustments | As Adjusted |  | As Previously Reported | Adjustments | As Adjusted
REVENUE | $ | 384,684 |  | $ | (10,636 | ) | $ | 374,048 |  |  | $ | 1,119,374 |  | $ | (26,833 | ) | $ | 1,092,541 |
EXPENSES |  |  |  |  |  |  |
Cost of Revenue | 221,592 |  | (3,075 | ) | 218,517 |  |  | 637,960 |  | (8,428 | ) | 629,532 |
Research and Development | 22,591 |  | — |  | 22,591 |  |  | 65,934 |  | — |  | 65,934 |
Selling, General, and Administrative | 44,185 |  | (1,952 | ) | 42,233 |  |  | 133,532 |  | (7,117 | ) | 126,415 |
Gain on Disposal of a Business | — |  | — |  | — |  |  | (1,894 | ) | — |  | (1,894 | )
Total Expenses | 288,368 |  | (5,027 | ) | 283,341 |  |  | 835,532 |  | (15,545 | ) | 819,987 |
OPERATING INCOME | 96,316 |  | (5,609 | ) | 90,707 |  |  | 283,842 |  | (11,288 | ) | 272,554 |
INTEREST INCOME (EXPENSE) |  |  |  |  |  |  |
Interest Income | 130 |  | — |  | 130 |  |  | 424 |  | — |  | 424 |
Interest Expense | (734 | ) | — |  | (734 | ) |  | (1,173 | ) | — |  | (1,173 | )
Total Interest Income (Expense) | (604 | ) | — |  | (604 | ) |  | (749 | ) | — |  | (749 | )
INCOME BEFORE INCOME TAXES | 95,712 |  | (5,609 | ) | 90,103 |  |  | 283,093 |  | (11,288 | ) | 271,805 |
PROVISION/ (BENEFIT) FOR INCOME TAXES | 23,317 |  | (2,300 | ) | 21,017 |  |  | (8,287 | ) | (17,107 | ) | (25,394 | )
NET INCOME | $ | 72,395 |  | $ | (3,309 | ) | $ | 69,086 |  |  | $ | 291,380 |  | $ | 5,819 |  | $ | 297,199 |
Basic earnings per share | $ | 0.94 |  |  | $ | 0.89 |  |  | $ | 3.77 |  |  | $ | 3.85 |
Basic weighted average shares outstanding | 77,247 |  |  | 77,247 |  |  | 77,249 |  |  | 77,249 |
Diluted earnings per share | $ | 0.93 |  |  | $ | 0.89 |  |  | $ | 3.76 |  |  | $ | 3.83 |
Diluted weighted average shares outstanding | 77,546 |  |  | 77,546 |  |  | 77,586 |  |  | 77,586 |
Condensed Consolidated Statement of Cash Flows for the nine months ended March 31, 2018:
| Nine Months Ended March 31, 2018
| As Previously Reported | Adjustments | As Adjusted
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
Net Income | $ | 291,380 |  | $ | 5,819 |  | $ | 297,199 |
Adjustments to reconcile net income from operations to net cash from operating activities: |  |  |
Depreciation | 36,470 |  | — |  | 36,470 |
Amortization | 75,787 |  | — |  | 75,787 |
Change in deferred income taxes | (70,104 | ) | (16,489 | ) | (86,593 | )
Expense for stock-based compensation | 7,834 |  | — |  | 7,834 |
(Gain)/loss on disposal of assets and businesses | (1,673 | ) | — |  | (1,673 | )
Changes in operating assets and liabilities: |  |  |
Change in receivables | 113,465 |  | 28,334 |  | 141,799 |
Change in prepaid expenses, deferred costs and other | (17,332 | ) | (42,916 | ) | (60,248 | )
Change in accounts payable | (432 | ) | — |  | (432 | )
Change in accrued expenses | (6,971 | ) | 2,799 |  | (4,172 | )
Change in income taxes | 12,806 |  | (619 | ) | 12,187 |
Change in deferred revenues | (206,358 | ) | 23,072 |  | (183,286 | )
Net cash from operating activities | 234,872 |  | — |  | 234,872 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
Payment for acquisitions, net of cash acquired | (137,654 | ) | — |  | (137,654 | )
Capital expenditures | (17,858 | ) | — |  | (17,858 | )
Proceeds from the sale of businesses | 350 |  | — |  | 350 |
Proceeds from the sale of assets | 258 |  | — |  | 258 |
Internal use software | (6,965 | ) | — |  | (6,965 | )
Computer software developed | (72,186 | ) | — |  | (72,186 | )
Purchase of investments | (5,000 | ) | — |  | (5,000 | )
Net cash from investing activities | (239,055 | ) | — |  | (239,055 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
Borrowings on credit facilities | 125,000 |  | — |  | 125,000 |
Repayments on credit facilities | (70,000 | ) | — |  | (70,000 | )
Purchase of treasury stock | (30,018 | ) | — |  | (30,018 | )
Dividends paid | (76,429 | ) | — |  | (76,429 | )
Proceeds from issuance of common stock upon exercise of stock options | 176 |  | — |  | 176 |
Tax withholding payments related to share based compensation | (7,279 | ) | — |  | (7,279 | )
Proceeds from sale of common stock | 5,370 |  | — |  | 5,370 |
Net cash from financing activities | (53,180 | ) | — |  | (53,180 | )
NET CHANGE IN CASH AND CASH EQUIVALENTS | $ | (57,363 | ) | $ | — |  | $ | (57,363 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | $ | 114,765 |  | $ | — |  | $ | 114,765 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 57,402 |  | $ | — |  | $ | 57,402 |

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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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