Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 33,600 $ 50,993
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 28,137 28,540
Costs recognized on sale of acquired inventory 188 181
Deferred income taxes (5,340) (11,591)
Stock-based compensation expense 10,184 10,093
Fair value adjustment to contingent consideration payable   (1,750)
Fair value adjustment on available-for-sale investments   (283)
(Gain) Loss on equity method investment (374) 2,382
Asset impairment restructuring 6,039  
Leases, net 445 613
Other operating activity 747 182
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net 21,563 15,599
Inventories (2,805) (5,216)
Prepaid expenses (3,158) (2,572)
Trade accounts payable, accrued expenses, contract liabilities, and other (10,911) (2,695)
Salaries, wages and related accruals (8,246) (2,157)
Income taxes payable (6,180) (22,936)
Net cash provided by (used in) operating activities 63,889 59,383
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of available-for-sale investments 1,085 23,759
Additions to property and equipment (9,172) (13,592)
Acquisitions, net of cash acquired   (166,426)
Distributions from (Investments in) Wilson Wolf 1,403 2,149
Investment in Spear Bio (15,000)  
Net cash provided by (used in) investing activities (21,684) (154,110)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (12,688) (12,654)
Proceeds from stock option exercises 25,101 14,394
Borrowings under line-of-credit agreement   160,000
Repayments of long-term debt (19,000) (70,000)
Taxes paid on RSUs and net share settlements (4,984) (20,228)
Net cash provided by (used in) financing activities (11,571) 71,512
Effect of exchange rate changes on cash and cash equivalents 5,115 (8,693)
Net change in cash and cash equivalents 35,749 (31,908)
Cash and cash equivalents at beginning of period 151,791 180,571
Cash and cash equivalents at end of period 187,540 148,663
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 16,490 32,797
Cash paid for interest $ 5,205 $ 4,506