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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Net income $ 185,353 $ 185,054
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property 11,850 11,765
Amortization of intangibles 15,167 14,650
Provision for losses on accounts receivable 3,605 1,026
Amortization of stock appreciation rights 2,453 1,710
Other share-based compensation expense 3,101 4,237
Changes in operating assets and liabilities, net of acquisitions 1,451 (47,855)
Other, net (96) (2,620)
Net Cash provided by Operating Activities 222,884 167,967
Cash Flows from Investing Activities    
Acquisition of businesses, net of cash acquired (273,142) (21,440)
Capital expenditures (10,746) (9,863)
Proceeds from property sales 922 471
Net Cash used in Investing Activities (282,966) (30,832)
Cash Flows from Financing Activities    
Long-term debt repayments 25,106 25,125
Interest rate swap settlement receipts (6,797) (7,194)
Purchases of treasury shares (30,084) (10,677)
Dividends paid (28,469) (27,155)
Acquisition holdback payments 1,210 681
Exercise of stock appreciation rights and options 0 127
Taxes paid for shares withheld for equity awards (13,037) (12,914)
Net Cash used in Financing Activities (91,109) (69,231)
Effect of Exchange Rate Changes on Cash (5,985) 915
(Decrease) Increase in Cash and Cash Equivalents (157,176) 68,819
Cash and Cash Equivalents at Beginning of Period 460,617 344,036
Cash and Cash Equivalents at End of Period $ 303,441 $ 412,855