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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES      
Net income $ 247,876 $ 205,060 $ 51,980
Adjustments for non-cash items:      
Depreciation 97,641 94,012 91,078
Amortization 14,411 14,668 16,578
Stock-based compensation expense 22,845 20,830 21,065
Restructuring and asset impairment charges (Notes 2 and 14) (203) (248) 1,802
Deferred income tax provision 2,806 22,915 6,267
Other 2,654 4,651 94
Changes in certain assets and liabilities:      
Accounts receivable 17,323 (22,201) (7,606)
Inventories (53,387) (37,230) (24,300)
Accounts payable and accrued liabilities (49,378) (5,046) 54,554
Accrued income taxes 9,013 11,093 6,873
Accrued pension and postretirement benefits (8,186) (26,759) (27,818)
Other (2,896) (4,441) 4,771
Net cash flow provided by operating activities 300,519 277,304 195,338
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (212,343) (171,004) (118,018)
Disposals of property, plant and equipment 11,243 14,358 5,023
Other (381) (225) 247
Net cash flow used for investing activities (201,481) (156,871) (112,748)
FINANCING ACTIVITIES      
Net (decrease) increase in notes payable (715) 495 (317)
Net decrease in short-term revolving and other lines of credit (174) 0 0
Term debt borrowings 0 295,863 25,298
Term debt repayments (400,000) (190) (25,899)
Purchase of capital stock (214) (217) (241)
The effect of employee benefit and stock plans and dividend reinvestment (4,744) 17,975 18,319
Cash dividends paid to Shareholders (65,746) (65,104) (64,128)
Other 161 (1,625) (6,317)
Net cash flow (used for) provided by financing activities (471,432) 247,197 (53,285)
Effect of exchange rate changes on cash and cash equivalents (1,744) (2,106) (255)
CASH AND CASH EQUIVALENTS      
Net (decrease) increase in cash and cash equivalents (374,138) 365,524 29,050
Cash and cash equivalents, beginning of year 556,153 190,629 161,579
Cash and cash equivalents, end of year $ 182,015 $ 556,153 $ 190,629