Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 53,334,000 $ 52,907,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 6,314,000 4,058,000
Costs recognized on sale of acquired inventory 3,915,000 0
Deferred income taxes (7,472,000) 1,355,000
Stock-based compensation expense 1,148,000 850,000
Excess tax benefit from stock option exercises (13,000) (413,000)
Losses by equity method investees 415,000 547,000
Other 108,000 183,000
Change in operating assets and operating liabilities:    
Trade accounts and other receivables 1,263,000 1,159,000
Inventories (929,000) (234,000)
Prepaid expenses 7,000 27,000
Trade accounts payable and accrued expenses 1,435,000 (842,000)
Salaries, wages and related accruals (253,000) (417,000)
Income taxes payable (4,402,000) 956,000
Net cash provided by operating activities 54,870,000 60,136,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of available-for-sale investments (84,043,000) (80,589,000)
Proceeds from sales of available-for-sale investments 39,085,000 55,346,000
Proceeds from maturities of available-for-sale investments 36,935,000 24,432,000
Additions to property and equipment (3,297,000) (1,765,000)
Distribution from unconsolidated entity 42,000 0
Net cash used in investing activities (11,278,000) (2,576,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (20,387,000) (19,640,000)
Proceeds from stock option exercises 45,000 3,429,000
Excess tax benefit from stock option exercises 13,000 413,000
Purchase of common stock for stock bonus plans (907,000) (294,000)
Repurchase of common stock (17,748,000) (1,940,000)
Net cash used in financing activities (38,984,000) (18,032,000)
Effect of exchange rate changes on cash and cash equivalents (1,227,000) 2,208,000
Net increase in cash and cash equivalents 3,381,000 41,736,000
Cash and cash equivalents at beginning of period 77,613,000 94,139,000
Cash and cash equivalents at end of period $ 80,994,000 $ 135,875,000