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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income $ 97,282 $ 72,833
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,049  
Net foreign currency losses 318  
Stock-based compensation 15,200  
Deferred income taxes (47,474) 4,296
Provision for (recovery from) bad debts 827  
Other non-cash operating activities 217  
Changes in assets and liabilities:    
Accounts receivable (16,464) (3,656)
Contract assets (41,928) 0
Contract costs (2,546) 0
Prepaid expenses, prepaid income taxes, and other assets 1,744  
Accounts payable, accrued expenses, income taxes payable and other liabilities 37,718  
Deferred revenue 14,154 (41,586)
Net cash provided by operating activities 63,097 54,762
Cash flows from investing activities:    
Purchases of property, equipment and leasehold improvements (180)  
Payments for business acquisitions 0  
Payments for capitalized computer software costs (189)  
Net cash used in investing activities (369)  
Cash flows from financing activities:    
Exercises of stock options 4,466  
Repurchases of common stock (147,423)  
Payments of tax withholding obligations related to restricted stock (9,654)  
Deferred business acquisition payments (1,200)  
Proceeds from credit agreement 50,000  
Payments of credit agreement issuance costs 0  
Net cash used in financing activities (103,811)  
Effect of exchange rate changes on cash and cash equivalents (654)  
Decrease in cash and cash equivalents (41,737)  
Cash and cash equivalents, beginning of period 96,165  
Cash and cash equivalents, end of period 54,428  
Supplemental disclosure of non-cash investing and financing activities:    
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses 5  
Change in repurchases of common stock included in accounts payable and accrued expenses 2,577  
Supplemental disclosure of cash flow information:    
Income taxes paid, net 17,827  
Interest paid 3,541  
Accounting Standards Update 2014-09 [Member]    
Cash flows from operating activities:    
Net income   172,552
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization   3,358
Net foreign currency losses   990
Stock-based compensation   11,869
Deferred income taxes   (90,781)
Provision for (recovery from) bad debts   (28)
Other non-cash operating activities   207
Changes in assets and liabilities:    
Accounts receivable   (333)
Contract assets   (40,927)
Contract costs   (59)
Prepaid expenses, prepaid income taxes, and other assets   959
Accounts payable, accrued expenses, income taxes payable and other liabilities   (1,792)
Deferred revenue   (1,253)
Net cash provided by operating activities   54,762
Cash flows from investing activities:    
Purchases of property, equipment and leasehold improvements   (156)
Payments for business acquisitions   (10,800)
Payments for capitalized computer software costs   (356)
Net cash used in investing activities   (11,312)
Cash flows from financing activities:    
Exercises of stock options   3,548
Repurchases of common stock   (105,037)
Payments of tax withholding obligations related to restricted stock   (3,467)
Deferred business acquisition payments   (2,600)
Proceeds from credit agreement   11,000
Payments of credit agreement issuance costs   (351)
Net cash used in financing activities   (96,907)
Effect of exchange rate changes on cash and cash equivalents   206
Decrease in cash and cash equivalents   (53,251)
Cash and cash equivalents, beginning of period $ 96,165 101,954
Cash and cash equivalents, end of period   48,703
Supplemental disclosure of non-cash investing and financing activities:    
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses   (44)
Change in repurchases of common stock included in accounts payable and accrued expenses   (5,037)
Supplemental disclosure of cash flow information:    
Income taxes paid, net   29,742
Interest paid   $ 2,039