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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Net income $ 185,054 $ 157,337
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property 11,765 11,033
Amortization of intangibles 14,650 15,519
Provision for losses on accounts receivable 1,026 9,573
Amortization of stock appreciation rights and options 1,710 1,871
Other share-based compensation expense 4,237 4,001
Changes in operating assets and liabilities, net of acquisitions (47,855) (111,542)
Other, net (2,620) 1,031
Net Cash provided by Operating Activities 167,967 88,823
Cash Flows from Investing Activities    
Acquisition of businesses, net of cash acquired (21,440) (25,516)
Capital expenditures (9,863) (12,817)
Proceeds from property sales 471 128
Net Cash used in Investing Activities (30,832) (38,205)
Cash Flows from Financing Activities    
Long-term debt repayments 25,125 40,123
Interest rate swap settlement receipts (7,194) (2,684)
Purchases of treasury shares (10,677) (716)
Dividends paid (27,155) (26,259)
Acquisition holdback payments 681 1,510
Exercise of stock appreciation rights and options 127 127
Taxes paid for shares withheld for equity awards (12,914) (3,340)
Net Cash used in Financing Activities (69,231) (69,137)
Effect of Exchange Rate Changes on Cash 915 (417)
Increase (Decrease) in Cash and Cash Equivalents 68,819 (18,936)
Cash and Cash Equivalents at Beginning of Period 344,036 184,474
Cash and Cash Equivalents at End of Period $ 412,855 $ 165,538