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Statements of Consolidated Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Net income $ 346,739 $ 257,414 $ 144,757
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment expense 0 0 49,528
Depreciation and amortization of property 22,266 21,676 20,780
Amortization of intangibles 30,805 31,879 34,365
Amortization of stock appreciation rights and options 2,785 3,284 2,526
Deferred income taxes (5,716) 15,176 (31,080)
Provision for losses on accounts receivable 5,619 3,193 6,540
Other share-based compensation expense 9,576 8,558 6,454
Other 1,145 (1,752) 1,446
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (51,059) (145,519) (59,119)
Inventories (42,977) (92,425) 41,318
Other operating assets (25,254) (4,982) (5,262)
Accounts payable 37,682 53,597 10,919
Other operating liabilities 12,355 37,471 18,525
Cash provided by Operating Activities 343,966 187,570 241,697
Cash Flows from Investing Activities      
Cash paid for acquisition of businesses, net of cash acquired (35,785) (6,964) (30,230)
Capital expenditures (26,476) (18,124) (15,852)
Proceeds from property sales 1,428 1,107 1,152
Life insurance proceeds 0 3,158 0
Cash payments for loans on company-owned life insurance 0 (14,835) 0
Cash used in Investing Activities (60,833) (35,658) (44,930)
Cash Flows from Financing Activities      
Repayments under revolving credit facility 27,000 0 0
Net borrowings under revolving credit facility 0 410,592 0
Borrowings under long-term debt facilities 0 0 26,000
Long-term debt repayments (40,247) (550,493) (131,883)
Interest rate swap settlement receipts (payments) 8,800 (5,703) (3,737)
Payment of debt issuance costs 0 (1,956) (399)
Purchases of treasury shares (716) (13,784) (40,089)
Dividends paid (53,446) (51,805) (50,664)
Acquisition holdback payments (1,510) (2,361) (2,345)
Exercise of stock appreciation rights and options 127 555 163
Taxes paid for shares withheld (12,896) (8,074) (10,083)
Cash used in Financing Activities (126,888) (223,029) (213,037)
Effect of exchange rate changes on cash 3,317 (2,154) 5,464
Increase (decrease) in cash and cash equivalents 159,562 (73,271) (10,806)
Cash and cash equivalents at beginning of year 184,474 257,745 268,551
Cash and Cash Equivalents at End of Year 344,036 184,474 257,745
Cash paid during the year for:      
Income taxes 108,084 53,301 64,394
Interest (includes interest rate swap settlements) $ 22,567 $ 20,164 $ 27,492