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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income $ 7,410 $ 58,424
Adjustments for non-cash items:    
Depreciation 27,328 23,973
Amortization 3,747 3,580
Stock-based compensation expense 8,255 8,486
Restructuring charges: asset write-down (Note 6) 1,191 (288)
Deferred income tax provision 261 20
Other 688 257
Changes in certain assets and liabilities:    
Accounts receivable 41,606 9,009
Inventories 2,661 (48,597)
Accounts Payable and accrued liabilities (47,070) (52,731)
Accrued income taxes (6,680) 9,461
Accrued pension and postretirement benefits (6,328) (4,348)
Other (5,524) 1,955
Net cash flow provided by operating activities 27,545 9,201
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (72,455) (43,263)
Disposals of property, plant and equipment 395 833
Other 172 37
Net cash flow used for investing activities (71,888) (42,393)
FINANCING ACTIVITIES    
Net increase (decrease) in notes payable 3,338 (16)
Term debt repayments 0 (400,000)
Purchase of capital stock (53) (54)
The effect of employee benefit and stock plans and dividend reinvestment (5,819) (2,436)
Cash dividends paid to Shareholders (16,565) (16,399)
Other (866) 16
Net cash flow used for financing activities (19,965) (418,889)
Effect of exchange rate changes on cash and cash equivalents (4,185) (1,988)
CASH AND CASH EQUIVALENTS    
Net decrease in cash and cash equivalents (68,493) (454,069)
Cash and cash equivalents, beginning of period 182,015 556,153
Cash and cash equivalents, end of period $ 113,522 $ 102,084