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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 71,329 $ 81,973
Adjustments to reconcile net income to net cash provided by operating activities:    
Income (loss) from discontinued operations, net of tax (390) 1,399
Depreciation and amortization 37,579 33,230
Equity in net income of unconsolidated affiliates (3,607) (2,690)
Deferred income taxes (1,985) 5,113
Stock-based compensation 3,704 6,091
Remeasurement of tax receivable agreement liabilities 4,674 0
Loss on FFF put and call rights 7,839 3,283
Changes in operating assets and liabilities:    
Accounts receivable, inventories, prepaid expenses and other assets 6,972 (6,772)
Contract assets (8,768) (33,276)
Accounts payable, accrued expenses, deferred revenue, revenue share obligations and other liabilities (23,830) (27,133)
Other operating activities 2,562 382
Net cash provided by operating activities from continuing operations 96,079 61,600
Net cash provided by operating activities from discontinued operations 11,196 2,727
Net cash provided by operating activities from continuing operations 107,275 64,327
Investing activities    
Purchases of property and equipment (21,983) (25,062)
Investments in unconsolidated affiliates (4,665) (4,000)
Proceeds from sale of assets 3,632 0
Other investing activities (5,250) 0
Net cash used in investing activities from continuing operations (28,266) (29,062)
Financing activities    
Payments made on notes payable (1,513) 0
Payments on credit facility (25,000) 0
Proceeds from exercise of stock options under equity incentive plan 1,754 7,472
Repurchase of vested restricted units for employee tax-withholding (8,311) (6,948)
Distributions to limited partners of Premier LP (13,202) (15,465)
Payments to limited partners of Premier LP related to tax receivable agreements (17,425) (17,975)
Repurchase of Class A common stock (held as treasury stock) (31,123) (12,313)
Net cash used in financing activities (94,820) (45,229)
Net decrease in cash and cash equivalents (15,811) (9,964)
Cash and cash equivalents at beginning of year 141,055 152,386
Cash and cash equivalents at end of period 125,244 142,422
Supplemental schedule of non-cash investing and financing activities:    
(Decrease) increase in redeemable limited partners' capital for adjustment to fair value, with offsetting (increase) decrease in additional paid-in-capital and accumulated deficit (694,309) 708,193
Reduction in redeemable limited partners' capital, with offsetting increases in common stock and additional paid-in capital related to quarterly exchanges by member owners 50,792 30,536
Reduction in redeemable limited partners' capital for limited partners' distribution payable 13,699 14,993
Distributions utilized to reduce subscriptions, notes, interest and accounts receivable from member owners 69 437
Net increase in deferred tax assets related to departures and quarterly exchanges by member owners and other adjustments 7,140 6,554
Net increase in tax receivable agreement liabilities related to departures and quarterly exchanges by member owners and other adjustments 5,132 6,181
Net (decrease) increase in additional paid-in capital related to departures and quarterly exchanges by member owners and other adjustments (12,272) 373
Increase in treasury stock related to a payable as a result of applying trade date accounting when recording the repurchase of Class A common stock $ 4,526 $ 0