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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES      
Net (loss) income $ (223,884) $ (370,961) $ 162,198
Adjustments for non-cash items:      
Depreciation 96,704 104,978 104,027
Amortization 20,762 26,686 26,195
Stock-based compensation expense 18,129 16,827 17,641
Restructuring and asset impairment charges (Notes 2 and 15) 118,779 548,028 3,408
Loss on divestiture (Note 4) 131,124 0 0
Deferred income tax provision 8,328 (48,575) 23,119
Other (6,113) 2,098 2,106
Changes in certain assets and liabilities:      
Accounts receivable 32,661 46,552 (45,041)
Inventories 69,552 70,874 (5,310)
Accounts payable and accrued liabilities (2,180) (8,218) 13,748
Accrued income taxes (25,247) (10,163) (12,485)
Accrued pension and postretirement benefits (15,013) 4,863 (16,592)
Other (4,280) (31,552) (1,141)
Net cash flow provided by operating activities 219,322 351,437 271,873
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (110,697) (100,939) (117,376)
Disposals of property, plant and equipment 5,978 16,122 1,236
Business acquisition, net of cash acquired (Note 4) 0 0 (634,615)
Proceeds from Divestiture of Businesses, Net of Cash Divested 56,127 0 10,225
Other 659 263 356
Net cash flow used for investing activities (47,933) (84,554) (740,174)
FINANCING ACTIVITIES      
Net (decrease) increase in notes payable (6,288) (63,647) 31,568
Net increase (decrease) in short-term revolving and other lines of credit 0 200 (3,600)
Term debt borrowings 50,070 89,712 736,079
Term debt repayments (94,577) (308,736) (450,928)
Purchase of capital stock (295) (318) (14,165)
Dividend reinvestment and the effect of employee benefit and stock plans 4,519 13,844 26,676
Cash dividends paid to Shareholders (63,717) (56,979) (56,436)
Other (181) (7,039) 1,214
Net cash flow (used for) provided by financing activities (110,469) (332,963) 270,408
Effect of exchange rate changes on cash and cash equivalents (4,835) (6,355) (1,494)
CASH AND CASH EQUIVALENTS      
Net increase (decrease) in cash and cash equivalents 56,085 (72,435) (199,387)
Cash and cash equivalents, beginning of period 105,494 177,929 377,316
Cash and cash equivalents, end of period $ 161,579 $ 105,494 $ 177,929