Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 22,595 $ 48,559
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 29,250 21,275
Costs recognized on sale of acquired inventory 8,069 2,357
Deferred income taxes (4,384) (1,436)
Stock-based compensation expense 7,245 4,359
Fair value adjustment to contingent consideration payable 12,400
Other 123 204
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables (6,406) 5,413
Inventories (2,497) (4,559)
Prepaid expenses 235 (1,510)
Trade accounts payable and accrued expenses 5,248 (2,071)
Salaries, wages and related accruals (2,466) (987)
Income taxes payable (1,730) (1,232)
Net cash provided by operating activities 67,682 70,372
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (255,929) (82,888)
Proceeds from maturities of available-for-sale investments 1,592 3,930
Purchase of available-for-sale investments (1,625)
Additions to property and equipment (5,295) (11,008)
Purchase of equity investment (40,000)
Net cash used in investing activities (301,257) (89,966)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (23,871) (23,796)
Proceeds from stock option exercises 2,105 1,175
Excess tax benefit from stock option exercises 305 120
Borrowings under line-of-credit agreement 368,410 77,000
Payments on line-of-credit (116,500) (26,000)
Net cash provided by (used in) financing activities 230,449 28,499
Effect of exchange rate changes on cash and cash equivalents (2,175) (985)
Net increase (decrease) in cash and cash equivalents (5,301) 7,920
Cash and cash equivalents at beginning of period 64,237 54,532
Cash and cash equivalents at end of period $ 58,936 $ 62,452