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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES:    
Net income $ 41,266 $ 116,031
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,075 4,020
Deferred income tax expense (benefit) (123) 828
Share-based compensation 8,423 4,729
Excess tax benefits on share-based compensation awards (1,565) (7,802)
Loss (gain) on sale of assets 92 (15)
Loss (gain) on investment securities 209 (592)
Amortization of debt discount and other debt issuance costs 7,555 61
Settlement agreement 23,598  
Other noncash expenses 111  
Changes in assets and liabilities which provided (used) cash, net of acquisition:    
Accounts receivable, net 50,903 (18,390)
Inventories 13,280 2,370
Prepaid income taxes/Income taxes payable (14,707) (1,371)
Other current assets and other assets (9,675) (2,663)
Accounts payable (5,405) (3,988)
Accrued expenses (1,826) (58)
Accrued payroll and payroll-related expenses (24,720) (4,798)
Rebates payable (376) 1,331
Royalties payable 2,176  
Restructuring liability 3,085  
Accrued interest payable 10,823  
Net cash provided by operating activities 123,199 89,693
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (16,647) (22,580)
Proceeds from sale of property, plant and equipment 16 76
Purchases of intangible assets   (300)
Acquisition, net of cash acquired (929,581)  
Proceeds from sale of investment securities 32,406 61,334
Purchase of investment securities (32,107) (36,662)
Net cash provided by (used in) investing activities (945,913) 1,868
FINANCING ACTIVITIES:    
Proceeds from issuance of debt 910,610  
Repayments of debt (34,225) (96)
Proceeds from issuance of stock 3,788 4,164
Payment of debt issuance costs (32,716)  
Excess tax benefits on share-based compensation awards 1,565 7,802
Purchase of treasury stock (1,197)  
Distribution to noncontrolling shareholders (20) (15)
Net cash provided by financing activities 847,805 11,855
Effect on cash and cash equivalents of changes in foreign exchange rates 15 (231)
NET INCREASE IN CASH AND CASH EQUIVALENTS 25,106 103,185
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 200,340 105,587
CASH AND CASH EQUIVALENTS, END OF PERIOD 225,446 208,772
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 20,357 123
Income taxes paid 35,128 $ 60,750
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