Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 43,984 $ 78,850
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 45,288 32,103
Costs recognized on sale of acquired inventory 11,205 3,439
Deferred income taxes (5,323) (1,379)
Stock-based compensation expense 11,219 6,676
Fair value adjustment to contingent consideration payable 14,100
Contingent consideration, operating (9,117)
Other 331 (229)
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables (19,943) (14,616)
Inventories (3,576) (4,237)
Prepaid expenses (1,913) (1,046)
Trade accounts payable and accrued expenses 7,298 5,490
Salaries, wages and related accruals (1,207) 1,896
Income taxes payable 275 562
Net cash provided by operating activities 92,621 107,509
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (253,941) (90,888)
Proceeds from maturities of available-for-sale investments 3,624 780
Purchase of available-for-sale investments (1,625)
Additions to property and equipment (9,311) (13,844)
Investment in non-consolidated company (40,000)
Net cash used in investing activities (301,253) (103,952)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (35,814) (35,698)
Proceeds from stock option exercises 3,630 1,923
Excess tax benefit from stock option exercises 402 239
Borrowings under line-of-credit agreement 368,500 77,000
Payments on line-of-credit (116,500) (34,500)
Contingent consideration, financing (14,203)
Other (5)
Net cash provided by financing activities 206,010 8,964
Effect of exchange rate changes on cash and cash equivalents (1,775) (1,340)
Net increase (decrease) in cash and cash equivalents (4,397) 11,181
Cash and cash equivalents at beginning of period 64,237 54,532
Cash and cash equivalents at end of period $ 59,840 $ 65,713