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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 102,114 $ 91,216
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 13,157 13,391
Amortization 31,016 30,352
Change in deferred income taxes 6,088 2,393
Expense for stock-based compensation 6,071 4,625
(Gain) Loss on Disposal of Assets 166 (159)
Changes in operating assets and liabilities:    
Change in receivables 53,404 77,439
Change in prepaid expenses, deferred costs and other (20,345) (30,522)
Change in accounts payable 2,859 (2,244)
Change in accrued expenses (37,231) (27,896)
Change in income taxes 9,912 22,995
Change in deferred revenues (60,662) (67,113)
Net cash from operating activities 106,549 114,477
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (9,273) (4,478)
Proceeds from dispositions 14 6,115
Purchased Software (1,221) (1,374)
Computer software developed (35,971) (31,451)
Net cash from investing activities (46,451) (31,188)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments on credit facilities and financing leases (35,027) (28)
Purchase of treasury stock 0 (65,873)
Dividends paid (34,036) (32,815)
Tax withholding payments related to share based compensation (953) (5,505)
Proceeds from sale of common stock 3,177 2,907
Net cash from financing activities (66,839) (101,314)
NET CHANGE IN CASH AND CASH EQUIVALENTS (6,741) (18,025)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 50,992 213,345
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 44,251 $ 195,320