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Statements of Consolidated Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Net income $ 257,414 $ 144,757 $ 24,042
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment expense 0 49,528 131,000
Depreciation and amortization of property 21,676 20,780 21,196
Amortization of intangibles 31,879 34,365 41,553
Amortization of stock appreciation rights and options 3,284 2,526 2,954
Deferred income taxes 15,176 (31,080) (13,292)
Provision for losses on accounts receivable 3,193 6,540 14,055
Other share-based compensation expense 8,558 6,454 4,000
Other (1,752) 1,446 (2,514)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (145,519) (59,119) 74,437
Inventories (92,425) 41,318 57,028
Other operating assets (4,982) (5,262) (5,268)
Accounts payable 53,597 10,919 (53,856)
Other operating liabilities 37,471 18,525 1,379
Cash provided by Operating Activities 187,570 241,697 296,714
Cash Flows from Investing Activities      
Cash paid for acquisition of businesses, net of cash acquired (6,964) (30,230) (37,237)
Capital expenditures (18,124) (15,852) (20,115)
Proceeds from property sales 1,107 1,152 1,948
Life insurance proceeds 3,158 0 0
Cash payments for loans on company-owned life insurance (14,835) 0 0
Cash used in Investing Activities (35,658) (44,930) (55,404)
Cash Flows from Financing Activities      
Net borrowings under revolving credit facility 410,592 0 0
Borrowings under long-term debt facilities 0 26,000 25,000
Long-term debt repayments (550,493) (131,883) (49,553)
Interest rate swap settlement payments (5,703) (3,737) 0
Payment of debt issuance costs (1,956) (399) (95)
Purchases of treasury shares (13,784) (40,089) 0
Dividends paid (51,805) (50,664) (48,873)
Acquisition holdback payments (2,361) (2,345) (2,440)
Exercise of stock appreciation rights and options 555 163 330
Taxes paid for shares withheld (8,074) (10,083) (2,607)
Cash used in Financing Activities (223,029) (213,037) (78,238)
Effect of exchange rate changes on cash (2,154) 5,464 (2,740)
(Decrease) increase in cash and cash equivalents (73,271) (10,806) 160,332
Cash and cash equivalents at beginning of year 257,745 268,551 108,219
Cash and Cash Equivalents at End of Year 184,474 257,745 268,551
Cash paid during the year for:      
Income taxes 53,301 64,394 41,162
Interest $ 20,164 $ 27,492 $ 36,648