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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net income $ 282,271 $ 254,524
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property 17,567 16,598
Amortization of intangibles 21,601 23,189
Provision for losses on accounts receivable 1,001 4,676
Amortization of stock appreciation rights and options 2,570 2,322
Other share-based compensation expense 7,508 7,419
Changes in operating assets and liabilities, net of acquisitions (77,403) (142,092)
Other, net (2,956) (2,609)
Net Cash provided by Operating Activities 252,159 164,027
Cash Flows from Investing Activities    
Acquisition of businesses, net of cash acquired (21,440) (35,667)
Capital expenditures (17,354) (20,809)
Proceeds from property sales 514 226
Net Cash used in Investing Activities (38,280) (56,250)
Cash Flows from Financing Activities    
Net repayments under revolving credit facility 0 (27,000)
Long-term debt repayments 25,188 40,185
Interest rate swap settlement receipts (10,839) (5,501)
Purchases of treasury shares (28,875) (716)
Dividends paid (41,524) (39,829)
Acquisition holdback payments 681 1,510
Exercise of stock appreciation rights and options 127 127
Taxes paid for shares withheld for equity awards (15,874) (7,914)
Net Cash used in Financing Activities (101,176) (111,526)
Effect of Exchange Rate Changes on Cash (206) 1,402
Increase (Decrease) in Cash and Cash Equivalents 112,497 (2,347)
Cash and Cash Equivalents at Beginning of Period 344,036 184,474
Cash and Cash Equivalents at End of Period $ 456,533 $ 182,127