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v3.10.0.1

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2016
Cash Flows From Operating Activities: |  |  |  |  |
Net income | $ 135,314 | [1] | $ 115,314 | [2] | $ 121,764
Impacts of noncash items: |  |  |  |  |
Depreciation and amortization | 26,896 |  | 24,906 |  | 24,147
Change in acquisition-related contingent consideration | 2,052 |  | 1,156 |  | 0
Deferred income taxes and other changes | (8,502) |  | 2,347 |  | (525)
Stock-based compensation expense | 5,039 |  | 4,248 |  | 3,326
Gain on sale of property | (10) |  | (629) |  | 0
Pension plan activity | (434) |  | (244) |  | (296)
Changes in operating assets and liabilities: |  |  |  |  |
Receivables | (3,040) |  | (2,598) |  | (3,547)
Inventories | (14,485) |  | 150 |  | 1,802
Other current assets | 2,164 |  | (2,958) |  | 1,445
Accounts payable and accrued liabilities | 15,720 |  | 4,693 |  | (2,213)
Net cash provided by operating activities | 160,714 |  | 146,385 |  | 145,903
Cash Flows From Investing Activities: |  |  |  |  |
Cash paid for acquisitions, net of cash acquired | (318) |  | (35,169) |  | (12)
Payments for property additions | (31,025) |  | (27,005) |  | (16,671)
Proceeds from sale of property | 38 |  | 1,475 |  | 0
Other-net | (147) |  | 91 |  | (740)
Net cash used in investing activities | (31,452) |  | (60,608) |  | (17,423)
Cash Flows From Financing Activities: |  |  |  |  |
Purchase of treasury stock | (1,102) |  | (866) |  | (155)
Payment of dividends (including special dividend payment, 2018-$0; 2017-$0; 2016-$136,677) | (64,531) |  | (58,980) |  | (190,546)
Tax withholdings for stock-based compensation | (981) |  | (907) |  | (1,901)
Net cash used in financing activities | (66,614) |  | (60,753) |  | (192,602)
Net change in cash and equivalents | 62,648 |  | 25,024 |  | (64,122)
Cash and equivalents at beginning of year | 143,104 |  | 118,080 |  | 182,202
Cash and equivalents at end of year | $ 205,752 |  | $ 143,104 |  | $ 118,080
[1] | Included in the second quarter net income was the one-time preliminary deferred tax benefit of $8.9 million, or approximately $0.32 per diluted share, resulting from the Tax Act. The fiscal year impact was $9.5 million, or approximately $0.35 per diluted share.
[2] | Included in the third quarter and fiscal year net income was expense of $11.5 million, net of taxes, or approximately $0.42 per diluted share, related to a multiemployer pension settlement and other benefit-related costs.

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