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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Net income $ 109,995,000 $ 29,450,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property 10,863,000 10,561,000
Amortization of intangibles 16,205,000 18,002,000
Impairment expense 0 49,528,000
Amortization of stock options and appreciation rights 2,516,000 1,328,000
Other share-based compensation expense 3,268,000 2,167,000
Changes in operating assets and liabilities, net of acquisitions (61,066,000) 52,005,000
Other, net (517,000) (3,685,000)
Net Cash provided by Operating Activities 81,264,000 159,356,000
Cash Flows from Investing Activities    
Acquisition of businesses, net of cash acquired (6,974,000) (31,078,000)
Capital expenditures (7,510,000) (8,449,000)
Proceeds from property sales 442,000 292,000
Cash payments for loans on company-owned life insurance (14,835,000) 0
Net Cash used in Investing Activities (28,877,000) (39,235,000)
Cash Flows from Financing Activities    
Net borrowings under revolving credit facility 442,592,000 0
Long-term debt repayments 550,371,000 72,260,000
Interest rate swap settlement payments 3,294,000 549,000
Payment of debt issuance costs (1,794,000) 0
Purchases of treasury shares (10,064,000) 0
Dividends paid (25,465,000) (24,899,000)
Acquisition holdback payments 1,070,000 1,138,000
Exercise of stock options and appreciation rights 116,000 163,000
Taxes paid for shares withheld for equity awards (4,093,000) (5,571,000)
Net Cash used in Financing Activities (153,443,000) (104,254,000)
Effect of Exchange Rate Changes on Cash (1,846,000) 4,357,000
(Decrease) increase in Cash and Cash Equivalents (102,902,000) 20,224,000
Cash and Cash Equivalents at Beginning of Period 257,745,000 268,551,000
Cash and Cash Equivalents at End of Period $ 154,843,000 $ 288,775,000