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Condensed Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 104,190 $ 101,263
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property 15,045 12,721
Amortization of intangibles 31,823 21,326
Intangible impairment 31,594 0
Unrealized foreign exchange transactions gain 40 (440)
Amortization of stock options and appreciation rights 1,831 1,479
Gain on sale of property (258) (246)
Other share-based compensation expense 3,716 3,481
Changes in operating assets and liabilities, net of acquisitions (106,367) (91,642)
Other, net (4,448) (64)
Net Cash provided by Operating Activities 77,166 47,878
Cash Flows from Investing Activities    
Acquisition of businesses, net of cash acquired (37,526) (778,149)
Property purchases (11,711) (17,898)
Proceeds from property sales 649 714
Other 391 0
Net Cash used in Investing Activities (48,197) (795,333)
Cash Flows from Financing Activities    
Net (repayments) borrowings under revolving credit facility (500) 87,500
Long-term debt borrowings 175,000 780,000
Long-term debt repayments 156,803 120,488
Payment of debt issuance costs (775) (3,298)
Purchases of treasury shares (11,158) (22,778)
Dividends paid (35,254) (34,190)
Acquisition holdback payments 2,609 318
Exercise of stock options and appreciation rights 0 5
Taxes paid for shares withheld for equity awards (3,371) (1,498)
Net Cash (used in) provided by Financing Activities (35,470) 684,935
Effect of Exchange Rate Changes on Cash 282 (986)
Decrease in Cash and Cash Equivalents (6,783) (61,534)
Cash and Cash Equivalents at Beginning of Period 54,150 105,057
Cash and Cash Equivalents at End of Period $ 47,367 $ 43,523