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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities    
Net income $ 76,830 $ 87,655
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property 10,617 10,019
Amortization of intangibles 20,569 21,912
Unrealized foreign exchange transactions loss (gain) (272) 155
Amortization of stock options and appreciation rights 1,494 1,257
Gain on sale of property 165 105
Other share-based compensation expense 1,837 2,351
Changes in operating assets and liabilities, net of acquisitions (11,660) (55,922)
Other, net 5,105 (1,432)
Net Cash provided by Operating Activities 104,899 65,580
Cash Flows from Investing Activities    
Acquisition of businesses, net of cash acquired (36,390) (6,900)
Property purchases (11,965) (7,096)
Proceeds from property sales 325 244
Other 0 (391)
Net Cash used in Investing Activities (48,030) (13,361)
Cash Flows from Financing Activities    
Net repayments under revolving credit facility 0 (19,500)
Long-term debt borrowings 25,000 175,000
Long-term debt repayments 34,868 151,868
Payment of debt issuance costs (16) (685)
Dividends paid (24,002) (23,275)
Acquisition holdback payments 777 2,275
Exercise of stock options and appreciation rights 330 0
Taxes paid for shares withheld for equity awards (1,988) (3,318)
Net Cash used in Financing Activities (36,321) (25,921)
Effect of Exchange Rate Changes on Cash (618) (621)
Increase in Cash and Cash Equivalents 19,930 25,677
Cash and Cash Equivalents at Beginning of Period 108,219 54,150
Cash and Cash Equivalents at End of Period $ 128,149 $ 79,827