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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net income $ 30,369 $ 29,637
Adjustments to reconcile to cash from operations:    
Depreciation 30,461 29,459
Amortization 3,045 3,164
Stock-based compensation expense 8,696 8,282
Restructuring and other charges, net (Note 6) 3,087 0
Deferred income taxes (104) 64
Other 5,623 (2,406)
Changes in certain assets and liabilities:    
Accounts receivable 17,937 5,303
Inventories (20,266) (38,499)
Accounts payable and accrued liabilities (32,555) (42,145)
Accrued income taxes (11,676) 1,552
Accrued pension and postretirement benefits (2,925) (2,482)
Other (5,981) (2,677)
Net cash flow provided by (used in) operating activities 25,711 (10,748)
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (31,799) (29,484)
Disposals of property, plant and equipment 3,048 202
Other 27 (12)
Net cash flow used in investing activities (28,724) (29,294)
FINANCING ACTIVITIES    
Net increase in notes payable 7,212 3,388
Net increase in revolving and other lines of credit 23,400 60,900
Purchase of capital stock (13,725) (19,376)
The effect of employee benefit and stock plans and dividend reinvestment (7,013) (4,757)
Cash dividends paid to Shareholders (15,935) (16,276)
Other 9 (754)
Net cash flow (used in) provided by financing activities (6,052) 23,125
Effect of exchange rate changes on cash and cash equivalents (1,858) (4,101)
Net decrease in cash and cash equivalents (10,923) (21,018)
Cash and cash equivalents, end of period $ 95,098 $ 64,568