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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 161,468 $ 151,640
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 25,364 22,470
Amortization 58,873 56,146
Change in deferred income taxes 4,134 1,256
Expense for stock-based compensation 6,998 5,146
(Gain)/ loss on disposal of assets and businesses 103 22
Changes in operating assets and liabilities:    
Change in receivables 106,782 113,563
Change in prepaid expenses, deferred costs and other (21,911) (49,918)
Change in accounts payable (262) (10,535)
Change in accrued expenses (28,702) 4,658
Change in income taxes 19,861 12,654
Change in deferred revenues (117,489) (115,014)
Net cash from operating activities 215,013 192,044
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (30,376) (19,981)
Capital expenditures (30,758) (32,968)
Proceeds from sale of assets 326 76
Purchased software (5,551) (2,694)
Computer software developed (57,886) (54,086)
Purchase of investments 1,150 0
Net cash from investing activities (125,395) (109,653)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of treasury stock (51,210) (21,276)
Dividends paid (61,502) (57,104)
Proceeds from issuance of common stock upon exercise of stock options 0 1
Tax withholding payments related to share based compensation (2,624) (13,485)
Proceeds from sale of common stock 4,603 4,189
Net cash from financing activities (110,733) (87,675)
NET CHANGE IN CASH AND CASH EQUIVALENTS (21,115) (5,284)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 93,628 31,440
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 72,513 $ 26,156