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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 187,324 $ 197,783
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 24,766 25,843
Amortization 68,946 62,610
Change in deferred income taxes (27,611) 11,573
Expense for stock-based compensation 14,544 13,027
(Gain) Loss on Disposal of Assets (7,240) 240
Changes in operating assets and liabilities:    
Change in receivables 102,672 70,468
Change in prepaid expenses, deferred costs and other (39,042) (39,991)
Change in accounts payable (7,696) 2,995
Change in accrued expenses (47,544) (35,814)
Change in income taxes 47,025 8,439
Change in deferred revenues (125,433) (119,822)
Net cash from operating activities 190,711 197,351
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for acquisitions, net of cash acquired (229,628) 0
Capital expenditures (17,376) (22,373)
Proceeds from dispositions 27,885 38
Purchased Software (1,027) (7,364)
Computer software developed (81,046) (71,353)
Net cash from investing activities (301,192) (101,052)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facilities 365,000 220,000
Repayments on financing leases (205,042) (80,065)
Purchase of treasury stock 0 (193,917)
Dividends paid (71,454) (67,696)
Tax withholding payments related to share based compensation (6,731) (1,998)
Proceeds from sale of common stock 5,684 5,505
Net cash from financing activities 87,457 (118,171)
NET CHANGE IN CASH AND CASH EQUIVALENTS (23,024) (21,872)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 48,787 50,992
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 25,763 $ 29,120