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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 87,358 $ 71,114
(Income) loss from discontinued operations (245) 7,088
Income from continuing operations 87,113 78,202
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 19,405 10,908
Amortization and impairments to operating lease assets 24,705 37,928
Depreciation 32,106 31,618
Amortization of intangible assets 28,296 48,936
Amortization and write-off of debt discount and issuance costs 4,550 7,974
Provision for bad debts 35,741 23,391
Deferred income taxes (4,650) (1,718)
Loss on disposals, accelerated depreciation, and impairments to property and equipment 50 3,999
Gain on extinguishment of debt 0 (71)
(Gain) loss on investments (1,281) 4,122
Gain on sale of assets 0 (13,317)
Unrealized loss on assets held for sale 647 0
Changes in assets and liabilities:    
Accounts and financing receivables (73,661) (56,477)
Prepaid expenses and other current assets (2,484) 7,034
Accounts payable 10,841 12,286
Accrued payroll and benefits 15,671 (11,719)
Accrued liabilities 39,748 (20,275)
Deferred revenue 60,935 26,038
Operating lease liabilities (28,448) (37,758)
Other assets and liabilities (2,475) (1,280)
Net cash provided by operating activities-continuing operations 246,809 149,821
Net cash provided by (used in) operating activities-discontinued operations 8,396 (404)
Net cash provided by operating activities 255,205 149,417
Investing activities:    
Capital expenditures (52,014) (19,056)
Proceeds from sales of marketable securities 626 7,635
Purchases of marketable securities (498) (1,508)
Proceeds from note receivable related to property sold   46,800
Net cash (used in) provided by investing activities-continuing operations (51,886) 33,871
Payment for working capital adjustment for sale of business   (3,174)
Net cash (used in) provided by investing activities (51,886) 30,697
Financing activities:    
Proceeds from exercise of stock options 15,412 1,622
Employee taxes paid on withholding shares (6,600) (4,214)
Proceeds from stock issued under Colleague Stock Purchase Plan 581 451
Repurchases of common stock for treasury (250,463) (44,710)
Payment on equity forward contract   (13,162)
Proceeds from issuance of long-term debt 1,896  
Repayments of long-term debt (51,896) (150,861)
Net cash used in financing activities (291,070) (210,874)
Net decrease in cash, cash equivalents and restricted cash (87,751) (30,760)
Cash, cash equivalents and restricted cash at beginning of period 275,075 347,937
Cash, cash equivalents and restricted cash at end of period 187,324 317,177
Non-cash investing and financing activities:    
Accrued capital expenditures 11,086 10,474
Accrued liability for repurchases of common stock 2,995 2,699
Accrued excise tax on share repurchases $ 3,257 361
Settlement of financing liability with assets   $ 38,606