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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 147,172 $ 147,429
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 54,729 37,599
Amortization of deferred financing costs 1,176 1,156
Non-cash lease expense 35,850  
Stock-based compensation expense 14,499 12,047
Deferred income taxes 14,104 9,123
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net 51,458 (136,177)
Prepaid expenses and other assets (28,921) (2,739)
Accounts payable and other accrued expenses 8,121 110,007
Accrued compensation and benefits 1,529 (27,116)
Income taxes payable and receivable (21,384) (10,781)
Operating lease liabilities (37,989)  
Long-term liabilities (3,319) (1,008)
Net cash provided by operating activities 237,025 139,540
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (41,035) (17,813)
Cash paid for business acquisitions, net of cash acquired (102,056) (91,151)
Other   1,876
Net cash used in investing activities (143,091) (107,088)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 1,034,000 833,500
Principal payments made under bank credit facilities (1,102,460) (841,960)
Payment of contingent consideration   (616)
Proceeds from employee stock purchase plans 3,665 2,827
Repurchases of common stock (3,596) (2,756)
Payment of taxes for equity transactions (29,083) (18,039)
Net cash used in financing activities (97,474) (27,044)
Effect of exchange rate changes on cash and cash equivalents 157 (874)
Net increase (decrease) in cash and cash equivalents (3,383) 4,534
Cash and cash equivalents at beginning of period 72,028 66,194
Cash and cash equivalents at end of period 68,645 70,728
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 38,048 39,975
Cash paid during the period for interest 28,410 18,830
Non-cash financing and investing activities:    
Landlord sponsored tenant improvement 759 3,518
Accrued capital expenditures $ 4,910 $ 1,377