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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:    
Net income $ 46,736 $ 79,771
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,119 2,607
Deferred income tax expense 1,743 927
Share-based compensation 6,398 3,219
Excess tax benefits on share-based compensation awards (1,034) (978)
Loss (gain) on sale of assets 26 (20)
Loss (gain) on investment securities 334 (695)
Amortization of debt discount and other debt issuance costs 2,662 41
Changes in assets and liabilities which provided (used) cash, net of acquisition:    
Trade accounts receivable 5,306 (29,320)
Inventories 5,996 2,202
Income taxes payable (13,652) 558
Prepaid expenses and other assets (2,459) (2,323)
Rebates payable 5,184 5,640
Royalties payable 2,684  
Accounts payable (4,937) (1,937)
Accrued expenses 5,636 280
Accrued payroll and payroll-related expenses (7,117) (7,401)
Net cash provided by operating activities 61,625 52,571
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (10,629) (16,194)
Proceeds from sale of property, plant and equipment 10 76
Purchases of intangible assets   (300)
Acquisition, net of cash acquired (929,581)  
Proceeds from sale of investment securities 21,374 48,969
Purchase of investment securities (22,227) (21,909)
Net cash provided by (used in) investing activities (941,053) 10,642
FINANCING ACTIVITIES:    
Proceeds from issuance of debt 910,610  
Repayments of debt (22,817) (64)
Proceeds from issuance of stock 2,689 1,159
Payment of debt issuance costs (32,716)  
Excess tax benefits on share-based compensation awards 1,034 978
Purchase of treasury stock (908)  
Net cash provided by financing activities 857,892 2,073
Effect on cash and cash equivalents of changes in foreign exchange rates 26 (266)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (21,510) 65,020
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 200,340 105,587
CASH AND CASH EQUIVALENTS, END OF PERIOD 178,830 170,607
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 5,569 111
Income taxes paid 34,950 $ 40,750
Issuance of unsecured 12.0% Senior Notes to finance KUPI acquisition 200,000  
Issuance of a warrant to finance KUPI acquisition 29,920  
Acquisition-related contingent consideration $ 35,000