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Statements of Consolidated Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Net income $ 144,757 $ 24,042 $ 143,993
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment expense 49,528 131,000 31,594
Depreciation and amortization of property 20,780 21,196 20,236
Amortization of intangibles 34,365 41,553 41,883
Amortization of stock appreciation rights and options 2,526 2,954 2,437
Deferred income taxes (31,080) (13,292) 2,368
Provision for losses on accounts receivable 6,540 14,055 4,058
Unrealized foreign exchange transaction losses (gains) 1,814 (1,357) 238
Other share-based compensation expense 6,454 4,000 4,474
Gain on sale of property (368) (1,157) (459)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (59,119) 74,437 8,465
Inventories 41,318 57,028 (16,590)
Other operating assets (5,262) (5,268) (7,738)
Accounts payable 10,919 (53,856) (29,788)
Other operating liabilities 18,525 1,379 (24,570)
Cash provided by Operating Activities 241,697 296,714 180,601
Cash Flows from Investing Activities      
Capital expenditures (15,852) (20,115) (18,970)
Proceeds from property sales 1,152 1,948 1,003
Cash paid for acquisition of businesses, net of cash acquired (30,230) (37,237) (37,526)
Other 0 0 391
Cash used in Investing Activities (44,930) (55,404) (55,102)
Cash Flows from Financing Activities      
Net repayments under revolving credit facility 0 0 (19,500)
Borrowings under long-term debt facilities 26,000 25,000 175,000
Long-term debt repayments (131,883) (49,553) (161,738)
Interest rate swap settlement payments (3,737) 0 0
Payment of debt issuance costs (399) (95) (775)
Purchases of treasury shares (40,089) 0 (11,158)
Dividends paid (50,664) (48,873) (47,266)
Acquisition holdback payments (2,345) (2,440) (2,610)
Exercise of stock appreciation rights and options 163 330 0
Taxes paid for shares withheld (10,083) (2,607) (3,492)
Cash used in Financing Activities (213,037) (78,238) (71,539)
Effect of exchange rate changes on cash 5,464 (2,740) 109
(Decrease) increase in cash and cash equivalents (10,806) 160,332 54,069
Cash and cash equivalents at beginning of year 268,551 108,219 54,150
Cash and Cash Equivalents at End of Year 257,745 268,551 108,219
Cash paid during the year for:      
Income taxes 64,394 41,162 54,294
Interest $ 27,492 $ 36,648 $ 40,142