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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 227,749 $ 215,574
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 81,888 58,797
Amortization of deferred financing costs 1,762 1,796
Non-cash lease expense 54,493  
Stock-based compensation expense 22,204 18,351
Deferred income taxes 39,527 (1,193)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net 36,433 85,995
Prepaid expenses and other assets (35,461) (13,284)
Accounts payable and other accrued expenses 27,638 101,473
Accrued compensation and benefits (4,522) (18,536)
Income taxes payable and receivable (42,383) (1,945)
Operating lease liabilities (56,240)  
Long-term liabilities 4,737 5,813
Net cash provided by operating activities 357,825 452,841
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (54,331) (29,545)
Cash paid for business acquisitions, net of cash acquired (102,437) (1,071,023)
Other   1,875
Net cash used in investing activities (156,768) (1,098,693)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings under bank credit facilities 1,438,500 2,109,500
Principal payments made under bank credit facilities (1,593,690) (1,414,690)
Payment of financing costs under bank credit facilities   (1,386)
Payment of contingent consideration (8,700) (616)
Proceeds from employee stock purchase plans 5,463 4,265
Repurchases of common stock (5,584) (4,310)
Payment of taxes for equity transactions (30,616) (18,837)
Net cash provided by (used in) financing activities (194,627) 673,926
Effect of exchange rate changes on cash and cash equivalents (1,302) (462)
Net increase in cash and cash equivalents 5,128 27,612
Cash and cash equivalents at beginning of period 72,028 66,194
Cash and cash equivalents at end of period 77,156 93,806
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 46,895 55,967
Cash paid during the period for interest 41,151 31,083
Non-cash financing and investing activities:    
Landlord sponsored tenant improvement 1,630 3,518
Accrued capital expenditures $ 3,687 $ 3,557