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Statements of Consolidated Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Net income $ 24,042 $ 143,993 $ 141,625
Adjustments to reconcile net income to net cash provided by operating activities:      
Goodwill and intangible impairment 131,000    
Goodwill and intangible impairment   31,594 0
Depreciation and amortization of property 21,196 20,236 17,798
Amortization of intangibles 41,553 41,883 32,065
Amortization of stock appreciation rights and options 2,954 2,437 1,961
Deferred income taxes (13,292) 2,368 1,615
Provision for losses on accounts receivable 14,055 4,058 2,803
Unrealized foreign exchange transaction (gains) losses (1,357) 238 (667)
Other share-based compensation expense 4,000 4,474 4,666
Gain on sale of property (1,157) (459) (335)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 74,437 8,465 (83,103)
Inventories 57,028 (16,590) (33,436)
Other operating assets (5,268) (7,738) 6,947
Accounts payable (53,856) (29,788) 50,345
Other operating liabilities 1,379 (24,570) 5,020
Cash provided by Operating Activities 296,714 180,601 147,304
Cash Flows from Investing Activities      
Capital expenditures (20,115) (18,970) (23,230)
Proceeds from property sales 1,948 1,003 978
Cash paid for acquisition of businesses, net of cash acquired (37,237) (37,526) (775,654)
Other 0 391 0
Cash used in Investing Activities (55,404) (55,102) (797,906)
Cash Flows from Financing Activities      
Net (repayments) borrowings under revolving credit facility 0 (19,500) 19,500
Borrowings under long-term debt facilities 25,000 175,000 780,000
Long-term debt repayments (49,553) (161,738) (125,420)
Payment of debt issuance costs (95) (775) (3,298)
Purchases of treasury shares 0 (11,158) (22,778)
Dividends paid (48,873) (47,266) (45,858)
Acquisition holdback payments (2,440) (2,610) (319)
Exercise of stock appreciation rights and options 330 0 102
Taxes paid for shares withheld 2,607 3,492 1,645
Cash (used in) provided by Financing Activities (78,238) (71,539) 600,284
Effect of exchange rate changes on cash (2,740) 109 (589)
Increase (decrease) in cash and cash equivalents 160,332 54,069 (50,907)
Cash and cash equivalents at beginning of year 108,219 54,150 105,057
Cash and Cash Equivalents at End of Year 268,551 108,219 54,150
Cash paid during the year for:      
Income taxes 41,162 54,294 41,724
Interest $ 36,648 $ 40,142 $ 25,560