XML 63 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 15,982 $ 55,465
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,954 2,372
Loss on disposition of assets 69 40
Share-based compensation expense 6,880 6,935
Bad debt expense 7,101 11,494
Accreted interest on note receivable   (666)
Unrecognized tax benefits 276 1,638
Excess tax benefit from share-based compensation (1,676) (14)
Deferred income taxes 2,689 (588)
Changes in operating assets and liabilities:    
Prepaid expenses (2,498) 1,106
Trade accounts receivable (1,521) (3,379)
Other receivables (7,474) 1,558
Prepaid taxes (5,089)  
Inventory (856)  
Accounts payable 2,650 613
Accrued liabilities (15,759) 15,056
Deferred revenue 253 (1,148)
Net cash provided by operating activities 6,981 90,482
Cash flows from investing activities:    
Capital expenditures for equipment and leasehold improvements (11,502) (5,265)
Restricted cash (22,674)  
Purchases of marketable investment securities (5,869) (60,142)
Proceeds from maturities and sales of marketable investment securities 67,621 56,846
Net cash provided by (used in) investing activities 27,576 (8,561)
Cash flows from financing activities:    
Net proceeds from common stock issued under share-based compensation plans 15,099 791
Excess tax benefit from share-based compensation 1,676 14
Repurchase and retirement of common stock (45,629) (102,316)
Net cash used in financing activities (28,854) (101,511)
Effect of foreign exchange rates on cash and cash equivalents (721) 504
Net increase (decrease) in cash and cash equivalents 4,982 (19,086)
Cash and cash equivalents at beginning of period 64,821 104,073
Cash and cash equivalents at end of period $ 69,803 $ 84,987