XML 67 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income including portion attributable to noncontrolling interest in earnings of joint venture $ 135,919 $ 152,676 $ 168,211
Reconciliation of net income including portion attributable to noncontrolling interest to net cash provided by operating activities:      
Depreciation and amortization 65,181 54,078 55,962
Non-cash interest expense 11,421 12,868 12,024
Amortization of deferred financing costs 2,940 2,073 2,237
Loss on extinguishment of debt 4,116    
Stock-based compensation expense 11,557 8,832 15,499
Deferred income tax expense 15,559 31,102 10,653
Distribution of earnings from unconsolidated joint ventures 2,169 5,627  
Equity in earnings of unconsolidated joint ventures (1,656) (2,620) (1,728)
Other     1,322
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable, net 91,010 32,265 (33,919)
Prepaid expenses and other assets (6,835) (11,739) (11,064)
Accounts payable and other accrued expenses (119,997) (5,750) 41,879
Accrued compensation and benefits (20,416) (23,744) 3
Income taxes payable and receivable 6,710 (17,188) 930
Deferred rent (1,151) (2,861) (2,878)
Supplemental retirement savings plan obligations and other long-term liabilities 2,116 13,712 12,092
Net cash provided by operating activities 198,643 249,331 271,223
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (15,279) (15,439) (18,284)
Cash paid for business acquisitions, net of cash acquired (839,050) (107,021) (185,926)
Net investments in unconsolidated joint ventures 3,550 (838)  
Other (876) (4,119) (158)
Net cash used in investing activities (851,655) (127,417) (204,368)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from borrowings under bank credit facilities, net of financing costs 1,577,000 838,000 1,095,000
Principal payments made under bank credit facilities (902,781) (790,500) (977,500)
Payment of financing costs under bank credit facilities (13,369) (612) (1,249)
Payment of contingent consideration (3,294) (3,187) (21,611)
Proceeds from employee stock purchase plans 3,527 4,505 4,095
Proceeds from exercise of stock options   13,050 7,466
Repurchases of common stock (3,653) (127,529) (316,563)
Payment of taxes for equity transactions (9,764) (7,605) (4,535)
Other 3,836 853 (584)
Net cash provided by (used in) financing activities 651,502 (73,025) (215,481)
Effect of exchange rate changes on cash and cash equivalents 1,634 (292) (451)
Net increase (decrease) in cash and cash equivalents 124 48,597 (149,077)
Cash and cash equivalents, beginning of year 64,337 15,740 164,817
Cash and cash equivalents, end of year 64,461 64,337 15,740
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for income taxes, net of refunds 52,268 76,573 94,994
Cash paid for interest 23,877 13,429 12,447
Non-cash financing and investing activities:      
Landlord-financed leasehold improvements $ 2,190 $ 3,030 $ 5,010