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Statements of Consolidated Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Net income $ 115,484 $ 112,821 $ 118,149
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property 16,578 13,977 12,501
Amortization of intangibles 25,797 14,023 13,233
Amortization of stock appreciation rights and options 1,610 1,808 2,317
Deferred income taxes (4,961) (8,209) 10,179
Provision for losses on accounts receivable 2,597 3,970 2,267
Unrealized foreign exchange transaction losses (gains) (727) 204 (1,410)
Other share-based compensation expense 2,851 2,703 3,444
Shares issued for deferred compensation plans 45 161 241
Gain on sale of property (1,291) (53) (321)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 13,129 (29,089) (15,721)
Inventories (15,704) (29,171) (26,745)
Other operating assets 797 17,966 (7,857)
Accounts payable 1,040 21,369 12,206
Other operating liabilities (2,707) (12,370) (11,086)
Cash provided by Operating Activities 154,538 110,110 111,397
Cash Flows from Investing Activities      
Property purchases (14,933) (20,190) (12,214)
Proceeds from property sales 1,932 877 979
Net cash paid for acquisition of businesses, net of cash acquired of $0, $1,369, and $0 in 2015, 2014 and 2013, respectively (160,620) (184,324) (67,590)
Cash used in Investing Activities (173,621) (203,637) (78,825)
Cash Flows from Financing Activities      
Net (repayments) borrowings under revolving credit facility, classified as long term (17,000) 69,000 0
Borrowings under long term debt facilities 170,000 100,000 0
Long term debt repayments (2,717) (647) 0
Purchases of treasury shares (76,515) (36,732) (53)
Dividends paid (42,663) (40,410) (37,194)
Excess tax benefits from share-based compensation 1,042 2,674 2,566
Acquisition holdback payments (7,693) (1,839) (3,843)
Exercise of stock appreciation rights and options 235 96 499
Cash provided by (used in) Financing Activities 24,689 92,142 (38,025)
Effect of exchange rate changes on cash (7,325) (590) 175
Decrease in cash and cash equivalents (1,719) (1,975) (5,278)
Cash and cash equivalents at beginning of year 71,189 73,164 78,442
Cash and Cash Equivalents at End of Year 69,470 71,189 73,164
Cash paid during the year for:      
Income taxes 69,272 51,548 51,816
Interest $ 5,851 $ 1,026 $ 501