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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 235,323 $ 210,892
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 38,812 34,722
Amortization 89,160 84,605
Change in deferred income taxes 9,082 3,287
Expense for stock-based compensation 11,688 8,651
(Gain) Loss on Disposal of Assets 3,095 183
Changes in operating assets and liabilities:    
Change in receivables 99,425 107,535
Change in prepaid expenses, deferred costs and other (28,396) (59,789)
Change in accounts payable (2,129) (6,104)
Change in accrued expenses (21,446) 7,115
Change in income taxes 9,905 5,014
Change in deferred revenues (168,066) (162,742)
Net cash from operating activities 276,453 233,369
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (30,376) (19,981)
Capital expenditures (39,563) (42,417)
Proceeds from sale of assets 11,106 95
Customer contracts acquired 0 20
Payments to Acquire Software (6,133) (4,266)
Computer software developed (87,284) (81,438)
Payments to Acquire Investments (1,150) 0
Net cash from investing activities (153,400) (148,027)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 55,000 35,000
Repayment of Long-term Debt, Long-term Lease Obligation, and Capital Security (6) 0
Purchase of treasury stock (71,549) (21,276)
Dividends paid (94,486) (87,970)
Proceeds from issuance of common stock upon exercise of stock options 0 1
Tax withholding payments related to share based compensation (3,327) (13,798)
Proceeds from sale of common stock 7,201 6,659
Net cash from financing activities (107,167) (81,384)
NET CHANGE IN CASH AND CASH EQUIVALENTS 15,886 3,958
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 93,628 31,440
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 109,514 $ 35,398