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Statements of Consolidated Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Net income $ 143,993 $ 141,625 $ 133,910
Adjustments to reconcile net income to net cash provided by operating activities:      
Intangible Impairment 31,594 0 0
Depreciation and amortization of property 20,236 17,798 15,306
Amortization of intangibles 41,883 32,065 24,371
Amortization of stock appreciation rights and options 2,437 1,961 1,891
Deferred income taxes 2,368 1,615 (2,852)
Provision for losses on accounts receivable 4,058 2,803 2,071
Unrealized foreign exchange transaction losses (gains) 238 (667) (333)
Other share-based compensation expense 4,474 4,666 3,629
Gain on sale of property (459) (335) (1,541)
Other 0 0 103
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 8,465 (83,103) (42,267)
Inventories (16,590) (33,436) (3,624)
Other operating assets (7,738) 6,947 (6,162)
Accounts payable (29,788) 50,345 32,076
Other operating liabilities (24,570) 5,020 8,041
Cash provided by Operating Activities 180,601 147,304 164,619
Cash Flows from Investing Activities      
Capital expenditures (18,970) (23,230) (17,045)
Proceeds from property sales 1,003 978 2,924
Cash paid for acquisition of businesses, net of cash acquired (37,526) (775,654) (2,773)
Other 391 0 0
Cash used in Investing Activities (55,102) (797,906) (16,894)
Cash Flows from Financing Activities      
Net (repayments) borrowings under revolving credit facility (19,500) 19,500 (33,000)
Borrowings under long-term debt facilities 175,000 780,000 0
Long-term debt repayments (161,738) (125,420) (3,353)
Payment of debt issuance costs (775) (3,298) 0
Purchases of treasury shares (11,158) (22,778) (8,242)
Dividends paid (47,266) (45,858) (44,619)
Acquisition holdback payments (2,610) (319) (11,307)
Exercise of stock appreciation rights and options 0 102 656
Taxes paid for shares withheld 3,492 1,645 3,484
Cash (used in) provided by Financing Activities (71,539) 600,284 (103,349)
Effect of exchange rate changes on cash 109 (589) 820
Increase (decrease) in cash and cash equivalents 54,069 (50,907) 45,196
Cash and cash equivalents at beginning of year 54,150 105,057 59,861
Cash and Cash Equivalents at End of Year 108,219 54,150 105,057
Cash paid during the year for:      
Income taxes 54,294 41,724 38,772
Interest $ 40,142 $ 25,560 $ 8,561