XML 24 R8.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities      
Net income $ 67,914 $ 36,604 $ 46,545
Income (loss) from discontinued operations 20,725 5,261 7,408
Income (loss) from continuing operations 47,189 31,343 39,137
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 30,881 26,696 17,813
Stock-based compensation 4,350 4,962 5,023
Deferred income taxes (3,509) 7,391 (121)
Non-cash portion of restructuring charge (329) (1,264) 1,414
(Gain) loss on disposal of real estate and equipment (655)
Increase/(decrease) in cash from changes in assets and liabilities, net of effects from discontinued operations and business acquisitions:      
Accounts receivables, net 7,647 (1,815) (8,277)
Inventories 18,223 (7,207) (4,480)
Contributions to defined benefit plans (1,359) (6,966) (1,443)
Prepaid expenses and other (22,203) 598 (2,461)
Accounts payable (6,803) (7,175) 5,556
Accrued payroll, employee benefits and other liabilities 7,004 13,128 3,923
Income taxes payable (7,923) 1,396 (5,561)
Net cash provided by operating activities from continuing operations 73,168 60,432 50,523
Net cash used for operating activities from discontinued operations 178 4,493 12,916
Net cash provided by operating activities 73,346 64,925 63,439
Cash Flows from Investing Activities      
Expenditures for capital assets (34,367) (25,275) (25,457)
Expenditures for acquisitions, net of cash acquired (127,924) (10,397) (153,814)
Expenditures for executive life insurance policies (377) (310) (377)
Proceeds from sale of real estate and equipment 3,208 2,852 1,106
Other investing activity 2,130 482
Net cash (used for) investing activities from continuing operations (159,460) (31,000) (178,060)
Net cash provided by investing activities from discontinued operations 109,789 (1,265) (991)
Net cash provided by (used for) investing activities (49,671) (32,265) (179,051)
Cash Flows from Financing Activities      
Proceeds from borrowings 241,950 163,500 263,700
Payments of debt (237,150) (164,788) (164,200)
Contingent consideration payment (910)
Stock issued under employee stock option and purchase plans 1,129 915 849
Purchase of treasury stock (33,394) (2,652) (7,807)
Cash dividends paid (9,826) (8,888) (7,852)
Net cash provided by (used for) financing activities (38,201) (11,913) 84,690
Effect of exchange rate changes on cash (1,931) 289 (2,500)
Net change in cash and cash equivalents (16,457) 21,036 (33,422)
Cash and cash equivalents at beginning of year 109,602 88,566 121,988
Cash and cash equivalents at end of year 93,145 109,602 88,566
Supplemental Disclosure of Cash Flow Information:      
Interest 9,471 6,178 3,258
Income taxes, net of refunds $ 23,969 $ 22,145 $ 20,413