XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 62,244 $ 51,366
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 12,390 12,993
Amortization 21,746 18,211
Change in deferred income taxes 7,783 1,728
Expense for stock-based compensation 1,197 1,970
Gain/loss on disposal of assets 194 86
Changes in operating assets and liabilities:    
Change in receivables 105,495 97,926
Change in prepaid expenses, deferred costs and other (22,313) (20,167)
Change in accounts payable (7,504) (1,817)
Change in accrued expenses (16,362) (11,453)
Change in income taxes 19,687 15,669
Change in deferred revenues (51,186) (39,702)
Net cash from operating activities 133,371 126,810
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired 0 (8,275)
Capital expenditures (8,113) (12,908)
Proceeds from sale of assets 777 38
Internal use software (4,328) (4,402)
Computer software developed (20,237) (23,015)
Net cash from investing activities (31,901) (48,562)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments on credit facilities (200) (51,590)
Purchase of treasury stock (61,338) (69,242)
Dividends paid (21,857) (20,200)
Proceeds from issuance of common stock upon exercise of stock options 1 1
Minimum tax withholding payments related to option exercises (5,337) (2,440)
Proceeds from sale of common stock, net 1,470 1,395
Net cash from financing activities (87,261) (142,076)
NET CHANGE IN CASH AND CASH EQUIVALENTS 14,209 (63,828)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 70,310 148,313
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 84,519 $ 84,485