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Statements of Consolidated Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Net income $ 141,625 $ 133,910 $ 29,577
Adjustments to reconcile net income to net cash provided by operating activities:      
Goodwill Impairment 0 0 64,794
Depreciation and amortization of property 17,798 15,306 15,966
Amortization of intangibles 32,065 24,371 25,580
Amortization of stock appreciation rights and options 1,961 1,891 1,543
Deferred income taxes 1,615 (2,852) (6,581)
Provision for losses on accounts receivable 2,803 2,071 4,303
Unrealized foreign exchange transaction (gains) losses (667) (333) 61
Other share-based compensation expense 4,666 3,629 2,524
(Gain) loss on sale of property (335) (1,541) 337
Other 0 103 0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (83,103) (42,267) 26,414
Inventories (33,436) (3,624) 25,081
Other operating assets 6,947 (6,162) 2,964
Accounts payable 50,345 32,076 (28,644)
Other operating liabilities 5,020 8,041 (1,905)
Cash provided by Operating Activities 147,304 164,619 162,014
Cash Flows from Investing Activities      
Property purchases (23,230) (17,045) (13,130)
Proceeds from property sales 978 2,924 603
Cash paid for acquisition of businesses, net of cash acquired (775,654) (2,773) (62,504)
Cash used in Investing Activities (797,906) (16,894) (75,031)
Cash Flows from Financing Activities      
Net borrowings (repayments) under revolving credit facility, classified as long term 19,500 (33,000) (19,000)
Borrowings under long-term debt facilities 780,000 0 125,000
Long-term debt repayments (125,420) (3,353) (98,662)
Debt issuance costs (3,298) 0 (719)
Purchases of treasury shares (22,778) (8,242) (37,465)
Dividends paid (45,858) (44,619) (43,330)
Excess tax benefits from share-based compensation 0 0 208
Acquisition holdback payments (319) (11,307) (18,913)
Exercise of stock appreciation rights and options 102 656 896
Taxes paid for shares withheld 1,645 3,484 1,022
Cash provided by (used in) Financing Activities 600,284 (103,349) (93,007)
Effect of exchange rate changes on cash (589) 820 (3,585)
(Decrease) increase in cash and cash equivalents (50,907) 45,196 (9,609)
Cash and cash equivalents at beginning of year 105,057 59,861 69,470
Cash and Cash Equivalents at End of Year 54,150 105,057 59,861
Cash paid during the year for:      
Income taxes 41,724 38,772 54,749
Interest $ 25,560 $ 8,561 $ 9,497