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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 91,216 $ 89,370
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 13,391 12,708
Amortization 30,352 29,380
Change in deferred income taxes 2,393 2,359
Expense for stock-based compensation 4,625 2,853
(Gain) Loss on Disposal of Assets (159) 8
Changes in operating assets and liabilities:    
Change in receivables 77,439 77,123
Change in prepaid expenses, deferred costs and other (30,522) (13,486)
Change in accounts payable (2,244) 1,865
Change in accrued expenses (27,896) (35,270)
Change in income taxes 22,995 25,081
Change in deferred revenues (67,113) (68,939)
Net cash from operating activities 114,477 123,052
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired 0 (30,285)
Capital expenditures (4,478) (13,101)
Proceeds from completed and pending dispositions 6,115 10
Payments to Acquire Software (1,374) (2,424)
Computer software developed (31,451) (28,475)
Purchase of Investments 0 (1,150)
Net cash from investing activities (31,188) (75,425)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments on financing leases (28) 0
Purchase of treasury stock (65,873) (14,145)
Dividends paid (32,815) (30,771)
Tax withholding payments related to share based compensation (5,505) (2,072)
Proceeds from sale of common stock 2,907 2,412
Net cash from financing activities (101,314) (44,576)
NET CHANGE IN CASH AND CASH EQUIVALENTS (18,025) 3,051
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 213,345 93,628
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 195,320 $ 96,679