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Statements of Consolidated Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Net income $ 385,762 $ 346,739 $ 257,414
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property 23,431 22,266 21,676
Amortization of intangibles 28,923 30,805 31,879
Amortization of stock appreciation rights and options 3,448 2,785 3,284
Deferred income taxes (1,074) (5,716) 15,176
(Recoveries of) provision for losses on accounts receivable (205) 5,619 3,193
Other share-based compensation expense 9,496 9,576 8,558
Other (1,309) 1,145 (1,752)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (1,925) (51,059) (145,519)
Inventories 18,387 (42,977) (92,425)
Other operating assets (25,897) (25,254) (4,982)
Accounts payable (39,272) 37,682 53,597
Other operating liabilities (28,372) 12,355 37,471
Cash provided by Operating Activities 371,393 343,966 187,570
Cash Flows from Investing Activities      
Cash paid for acquisition of businesses, net of cash acquired (72,090) (35,785) (6,964)
Capital expenditures (24,864) (26,476) (18,124)
Proceeds from property sales 576 1,428 1,107
Life insurance proceeds 971 0 3,158
Cash payments for loans on company-owned life insurance 0 0 (14,835)
Cash used in Investing Activities (95,407) (60,833) (35,658)
Cash Flows from Financing Activities      
Repayments under revolving credit facility 0 27,000 0
Borrowings under revolving credit facility 408 0 410,592
Long-term debt repayments (25,251) (40,247) (550,493)
Interest rate swap settlement receipts (payments) 14,470 8,800 (5,703)
Payment of debt issuance costs 0 0 (1,956)
Purchases of treasury shares (73,388) (716) (13,784)
Dividends paid (55,879) (53,446) (51,805)
Acquisition holdback payments (681) (1,510) (2,361)
Exercise of stock appreciation rights and options 127 127 555
Taxes paid for shares withheld (16,274) (12,896) (8,074)
Cash used in Financing Activities (156,468) (126,888) (223,029)
Effect of exchange rate changes on cash (2,937) 3,317 (2,154)
Increase (decrease) in cash and cash equivalents 116,581 159,562 (73,271)
Cash and cash equivalents at beginning of year 344,036 184,474 257,745
Cash and Cash Equivalents at End of Year 460,617 344,036 184,474
Cash paid during the year for:      
Income taxes 116,311 108,084 53,301
Interest (includes interest rate swap settlements) $ 23,978 $ 22,567 $ 20,164