XML 15 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (USD $)
In Thousands
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 26,141$ 13,002
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation, depletion and amortization17,22118,925
Gain on distribution to non-controlling interest(3,018)(912)
Non-cash stock-based compensation expense2,1981,285
Tax benefit of stock-based compensation exercises(1,567)(521)
Restructuring on royalty interests in mineral properties1,328 
Deferred tax expense (benefit)508(521)
Changes in assets and liabilities:  
Royalty receivables(5,950)(2,678)
Prepaid expenses and other assets1971,421
Accounts payable70409
Income taxes payable9,7624,887
Other liabilities(716)(1,063)
Net cash provided by operating activities46,17434,234
Cash flows from investing activities:  
Acquisition of royalty interests in mineral properties (25,000)
Proceeds on sale of Inventory - restricted4,4551,471
Deferred acquisition costs (695)
Other(111)(33)
Net cash provided by (used in) investing activities4,344(24,257)
Cash flows from financing activities:  
Repayment of debt(33,900)(6,500)
Common stock dividends(6,095)(4,973)
Distribution to non-controlling interests(5,380)(1,971)
Proceeds from the issuance of common stock2,536 
Tax benefit of stock-based compensation exercises1,567521
Other (397)
Net cash (used in) financing activities(41,272)(13,320)
Net increase (decrease) in cash and equivalents9,246(3,343)
Cash and equivalents at beginning of period114,155324,846
Cash and equivalents at end of period$ 123,401$ 321,503