XML 23 R7.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES    
Net income (loss) $ (610) $ 1,181
Adjustments for non-cash items:    
Depreciation 55,483 53,801
Amortization 6,681 7,008
Stock-based compensation expense 12,797 13,974
Restructuring and asset impairment charges (Note 6) 1,602 17,708
Deferred income taxes (455) (13,750)
Loss on divestiture (Note 3) 0 6,517
Other 4,549 350
Changes in certain assets and liabilities:    
Accounts receivable (22,538) 64,546
Inventories 46,711 34,329
Accounts payable and accrued liabilities (9,631) (28,548)
Accrued income taxes (24,463) (53,020)
Accrued pension and postretirement benefits (13,435) (12,101)
Other 10,661 (4,898)
Net cash flow provided by operating activities 67,352 87,097
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (68,616) (147,532)
Disposals of property, plant and equipment 904 835
Proceeds from divestiture (Note 3) 0 23,950
Other 93 (922)
Net cash flow used for investing activities (67,619) (123,669)
FINANCING ACTIVITIES    
Net increase in notes payable 2,738 1,927
Net decrease revolving and other lines of credit (475,500) 0
Purchase of capital stock (100) (106)
The effect of employee benefit and stock plans and dividend reinvestment (2,531) (5,583)
Cash dividends paid to Shareholders (33,310) (33,143)
Other (3,334) (1,779)
Net cash flow used for financing activities (512,037) (38,684)
Effect of exchange rate changes on cash and cash equivalents 8,808 (1,549)
CASH AND CASH EQUIVALENTS    
Net decrease in cash and cash equivalents (503,496) (76,805)
Cash and cash equivalents, beginning of period 606,684 182,015
Cash and cash equivalents, end of period $ 103,188 $ 105,210