XML 29 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income including portion attributable to noncontrolling interest $ 31,257 $ 33,392
Reconciliation of net income including portion attributable to noncontrolling interest to net cash provided by operating activities:    
Depreciation and amortization 17,236 12,951
Non-cash interest expense   3,360
Amortization of deferred financing costs 691 509
Stock-based compensation expense 2,620 2,484
Deferred income tax expense 9,139 16,243
Equity in earnings of unconsolidated ventures (79) (444)
Changes in operating assets and liabilities:    
Accounts receivable, net 47,117 (13,578)
Prepaid expenses and other assets 977 (8,807)
Accounts payable and other accrued expenses 1,986 (7,118)
Accrued compensation and benefits (1,068) (13,523)
Income taxes payable and receivable 3,666 310
Supplemental retirement savings plan obligations and other long-term liabilities (1,810) 1,524
Net cash provided by operating activities 111,732 27,303
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (3,361) (3,020)
Net investments in unconsolidated ventures 547  
Other 578 (945)
Net cash used in investing activities (2,236) (3,965)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities, net of financing costs 35,468 147,093
Principal payments made under bank credit facilities (105,859) (128,500)
Proceeds from employee stock purchase plans 932 962
Repurchases of common stock (925) (972)
Payment of taxes for equity transactions (5,883) (7,170)
Other 2,991 2,759
Net cash (used in) provided by financing activities (73,276) 14,172
Effect of exchange rate changes on cash and cash equivalents (689) 878
Net increase in cash and cash equivalents 35,531 38,388
Cash and cash equivalents, beginning of period 64,461 64,337
Cash and cash equivalents, end of period 99,992 102,725
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds (743) 1,307
Cash paid during the period for interest $ 8,608 $ 1,563