XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 98,168 $ 84,950
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 46,113 50,098
Amortization of deferred financing costs 2,101 2,062
Stock-based compensation expense 13,329 10,051
Deferred income tax expense 14,212 25,682
Equity in earnings of unconsolidated ventures (229) (610)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net 42,184 15,774
Prepaid expenses and other assets (9,773) (5,605)
Accounts payable and other accrued expenses (4,020) 40,486
Accrued compensation and benefits (10,099) (6,644)
Income taxes payable and receivable (892) (25,538)
Supplemental retirement savings plan obligations and other long-term liabilities (2,750) (298)
Net cash provided by operating activities 188,344 190,408
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (13,232) (13,128)
Cash paid for business acquisitions, net of cash acquired (587,821)  
Net investments in unconsolidated joint ventures   542
Other 151 793
Net cash used in investing activities (600,902) (11,793)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 844,000 294,633
Principal payments made under bank credit facilities (414,973) (498,140)
Payment of financing costs under bank credit facilities (9,290)  
Proceeds from employee stock purchase plans 2,289 2,499
Proceeds from exercise of stock options   691
Repurchases of common stock (2,400) (2,587)
Payment of taxes for equity transactions (7,479) (7,168)
Other 1,489 2,899
Net cash provided by (used in) financing activities 413,636 (207,173)
Effect of exchange rate changes on cash and cash equivalents (1,629) (2,351)
Net decrease in cash and cash equivalents (551) (30,909)
Cash and cash equivalents, beginning of period 35,364 64,461
Cash and cash equivalents, end of year 34,813 33,552
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 45,606 41,743
Cash paid during the period for interest 26,304 $ 25,251
Non-cash financing and investing activities:    
Accrued capital expenditures $ 956