XML 15 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOW FROM OPERATING ACTIVITIES:    
Net Income $ 12,916 $ 25,149
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Stock-Based Compensation Expense 4,985 5,750
Depreciation 16,972 17,476
Amortization 2,673 3,439
Provision for Refunds and Uncollectible Accounts 21,300 22,481
Deferred Income Taxes 2,406 3,328
Loss on Disposals, Accelerated Depreciation and Adjustments to Land, Building and Equipment 11,307 418
Changes in Assets and Liabilities, Net of Effects from Acquisition Components:    
Accounts Receivable (33,895) (45,280)
Prepaid Expenses and Other (21,661) (6,017)
Accounts Payable 9,107 (3,717)
Accrued Salaries, Wages, Benefits and Expenses (39,451) (33,617)
Deferred Revenue 103,678 109,348
NET CASH PROVIDED BY OPERATING ACTIVITIES 90,337 98,758
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital Expenditures (13,895) (11,318)
Payment for Purchase of Businesses, Net of Cash Acquired 0 (331,070)
Marketable Securities Purchased (13) (10)
NET CASH USED IN INVESTING ACTIVITIES (13,908) (342,398)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Exercise of Stock Options 1,884 6,350
Employee Taxes Paid on Withholding Shares (3,486) (2,378)
Proceeds from Stock Issued Under Colleague Stock Purchase Plan 195 211
Repurchase of Common Stock for Treasury (50,375) (8,255)
Payments of Seller Financed Obligations (6,315) (3,518)
Repayments Under Revolving Credit Facility (66,000) (110,000)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (48,097) 122,410
Borrowings Under Revolving Credit Facility 76,000 240,000
Effects of Exchange Rate Differences 1,765 695
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 30,097 (120,535)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 251,096 315,347
Cash, Cash Equivalents and Restricted Cash at End of Period 281,193 194,812
Non-cash Investing and Financing Activity:    
Increase (Decrease) in Redemption Value of Noncontrolling Interest Put Option $ 150 $ (66)