Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:      
Net earnings $ 112,331 $ 112,302 $ 109,776
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 12,467 8,700 8,130
Costs recognized on sale of acquired inventory 7,573 1,835 0
Deferred income taxes (7,363) 3,194 (1,551)
Stock-based compensation expense 1,641 1,138 1,135
Excess tax benefit from stock option exercises (51) (847) (196)
Impairment losses on investments 3,254 0 0
Losses by equity method investees 603 926 1,510
Other 230 225 222
Change in operating assets and liabilities, net of acquisitions:      
Trade accounts and other receivables (2,096) (3,624) (4,034)
Inventories (1,577) (1,021) (2,368)
Prepaid expenses (476) 256 (186)
Trade accounts payable and accrued expenses 1,581 (591) (74)
Salaries, wages and related accruals 686 1,268 414
Income taxes payable (2,057) 3,433 (1,518)
Net cash provided by operating activities 126,746 127,194 111,260
Cash flows from investing activities:      
Acquisitions, net of cash acquired 0 (131,766) 0
Purchase of available-for-sale investments (147,011) (151,366) (176,621)
Proceeds from sale of available-for-sale investments 64,291 134,019 27,045
Proceeds from maturities of available-for-sale investments 67,435 39,501 39,555
Additions to property and equipment (6,017) (3,630) (4,644)
Distribution from unconsolidated entity 463 0 50
Increase in other long-term assets (829) (943) 0
Net cash used in investing activities (21,668) (114,185) (114,615)
Cash flows from financing activities:      
Cash dividends (41,018) (39,691) (38,388)
Proceeds from stock option exercises 847 4,790 3,261
Excess tax benefit from stock option exercises 51 847 196
Purchase of common stock for stock bonus plans (907) (294) (607)
Repurchase of common stock (23,598) (1,940) (14,973)
Net cash used in financing activities (64,625) (36,288) (50,511)
Effect of exchange rate changes on cash and cash equivalents (1,391) 6,753 (12,935)
Net change in cash and cash equivalents 39,062 (16,526) (66,801)
Cash and cash equivalents at beginning of year 77,613 94,139 160,940
Cash and cash equivalents at end of year $ 116,675 $ 77,613 $ 94,139