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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net income $ 54,697 $ 52,561
Adjustments to reconcile to cash from operations:    
Depreciation 60,500 60,932
Amortization 5,788 6,312
Stock-based compensation expense 14,652 13,909
Restructuring and other charges, net (Note 6) 4,119 (1,505)
Deferred income taxes (7,726) (2,649)
Other 11,279 1,769
Changes in certain assets and liabilities:    
Accounts receivable 20,447 3,961
Inventories (9,471) (32,901)
Accounts payable and accrued liabilities (36,220) (52,835)
Accrued income taxes (17,259) 1,223
Accrued pension and postretirement benefits (5,497) (4,475)
Other (7,001) 6,207
Net cash flow provided by (used in) operating activities 88,308 52,509
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (57,487) (50,622)
Disposals of property, plant and equipment 5,208 2,466
Payments to Acquire Businesses, Net of Cash Acquired 4,010 0
Other (117) 88
Net cash flow used in investing activities (56,406) (48,068)
FINANCING ACTIVITIES    
Net increase in notes payable 2,112 (7)
Net increase in revolving and other lines of credit 20,500 57,800
Purchase of capital stock (28,754) (30,068)
The effect of employee benefit and stock plans and dividend reinvestment (7,864) (5,753)
Cash dividends paid to Shareholders (31,844) (32,371)
Other (658) (755)
Net cash flow (used in) provided by financing activities (46,508) (11,154)
Effect of exchange rate changes on cash and cash equivalents (680) (2,089)
Net decrease in cash and cash equivalents (15,286) (8,802)
Cash and cash equivalents, end of period $ 90,735 $ 76,784