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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income $ 24,676 $ 29,255
Income from discontinued operations (182) 2,488
Income from continuing operations 24,858 26,767
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,869 14,817
Stock-based compensation 4,820 2,029
Non-cash portion of restructuring charge (149) (132)
Life Insurance Benefit (1,302) 0
Contributions to defined benefit plans (1,932) (499)
Net changes in operating assets and liabilities (21,342) (29,132)
Net cash provided by operating activities - continuing operations 21,822 13,850
Net cash provided by operating activities - discontinued operations (162) 5,411
Net cash provided by operating activities 21,660 19,261
Cash flows from investing activities    
Expenditures for property, plant, and equipment (10,671) (16,192)
Expenditures for acquisitions, net of cash acquired 0 (95,918)
Proceeds from insurance recovery 10,000 0
Other investing activity 1,998 3,144
Net cash (used in) investing activities 1,327 (108,966)
Net cash provided by (used in) investing activities - discontinued operations 0 2,690
Net cash (used in) investing activities 1,327 (106,276)
Cash flows from financing activities    
Borrowings on revolving credit facility 34,700 509,500
Payments of revolving credit facility (45,500) (387,500)
Contingent consideration payment (872) (910)
Activity under share-based payment plans 1,127 797
Purchases of treasury stock (946) (19,135)
Cash dividends paid (5,186) (4,825)
Net cash provided by financing activities (16,677) 97,927
Effect of exchange rate changes on cash and cash equivalents (536) (2,340)
Net change in cash and cash equivalents 5,774 8,572
Cash and cash equivalents at beginning of year 93,145 109,602
Cash and cash equivalents at end of period 98,919 118,174
Supplemental Disclosure of Cash Flow Information:    
Interest 3,415 4,822
Income taxes, net of refunds $ 9,589 $ 7,118