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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net income $ 38,799 $ 48,938
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property 5,223 4,981
Amortization of intangibles 10,374 10,921
Amortization of stock options and appreciation rights 773 651
Other share-based compensation expense 919 1,043
Changes in operating assets and liabilities, net of acquisitions (8,682) (53,184)
Other, net 2,612 (1,553)
Net Cash provided by Operating Activities 50,018 11,797
Cash Flows from Investing Activities    
Acquisition of businesses, net of cash acquired (35,703) 0
Property purchases (4,946) (3,173)
Proceeds from property sales 88 77
Net Cash used in Investing Activities (40,561) (3,096)
Cash Flows from Financing Activities    
Net repayments under revolving credit facility 0 (19,500)
Long-term debt borrowings 0 175,000
Long-term debt repayments 4,934 146,934
Payment of debt issuance costs 0 (685)
Dividends paid (11,985) (11,334)
Acquisition holdback payments 201 219
Taxes paid for shares withheld for equity awards (1,754) (3,203)
Net Cash used in Financing Activities (18,874) (6,875)
Effect of Exchange Rate Changes on Cash (598) 432
(Decrease) increase in Cash and Cash Equivalents (10,015) 2,258
Cash and Cash Equivalents at Beginning of Period 108,219 54,150
Cash and Cash Equivalents at End of Period $ 98,204 $ 56,408