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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES    
Net income $ 114,670 $ 81,796
Adjustments for non-cash items:    
Depreciation 47,807 46,061
Amortization 7,141 7,338
Stock-based compensation expense 13,435 11,995
Restructuring and asset impairment charges (Note 7) (257) 3,172
Deferred income tax provision 1,512 7,241
Other 2,109 3,474
Changes in certain assets and liabilities:    
Accounts receivable 14,026 (3,290)
Inventories (59,190) (9,080)
Accounts Payable and accrued liabilities (Note 4) (82,828) (92,320)
Accrued income taxes 7,995 3,966
Accrued pension and postretirement benefits (9,760) (13,824)
Other 4,841 (5,455)
Net cash flow provided by operating activities 61,501 41,074
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (Note 4) (88,076) (59,523)
Disposals of property, plant and equipment 2,490 846
Other 89 244
Net cash flow used for investing activities (85,497) (58,433)
FINANCING ACTIVITIES    
Net increase in notes payable 2,473 643
Net decrease in short-term revolving and other lines of credit (174) 0
Term debt repayments (400,000) (141)
Purchase of capital stock (107) (109)
The effect of employee benefit and stock plans and dividend reinvestment (2,182) 15,020
Cash dividends paid to Shareholders (32,820) (32,456)
Other 151 (271)
Net cash flow used for financing activities (432,659) (17,314)
Effect of exchange rate changes on cash and cash equivalents (3,222) 3,984
CASH AND CASH EQUIVALENTS    
Net decrease in cash and cash equivalents (459,877) (30,689)
Cash and cash equivalents, beginning of period 556,153 190,629
Cash and cash equivalents, end of period $ 96,276 $ 159,940