Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 57,116,000us-gaap_NetIncomeLoss $ 52,483,000us-gaap_NetIncomeLoss
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 18,454,000us-gaap_DepreciationDepletionAndAmortization 8,946,000us-gaap_DepreciationDepletionAndAmortization
Costs recognized on sale of acquired inventory 4,355,000tech_FairValueWriteUpOfAcquiredInventory 3,135,000tech_FairValueWriteUpOfAcquiredInventory
Deferred income taxes (1,083,000)us-gaap_DeferredIncomeTaxExpenseBenefit (3,006,000)us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation expense 3,437,000us-gaap_ShareBasedCompensation 1,895,000us-gaap_ShareBasedCompensation
Gain on CyVek acquisition (8,300,000)us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
Other (5,000)us-gaap_OtherNoncashIncomeExpense 276,000us-gaap_OtherNoncashIncomeExpense
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables 1,643,000us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 2,891,000us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Inventories (4,259,000)us-gaap_IncreaseDecreaseInInventories (1,243,000)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses (500,000)us-gaap_IncreaseDecreaseInPrepaidExpense 31,000us-gaap_IncreaseDecreaseInPrepaidExpense
Trade accounts payable and accrued expenses 957,000us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (994,000)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Salaries, wages and related accruals 378,000us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 143,000us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Income taxes payable (749,000)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (650,000)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash provided by operating activities 71,444,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 63,907,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (420,102,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (103,149,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Purchase of available-for-sale investments 0us-gaap_PaymentsToAcquireAvailableForSaleSecurities (71,877,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from sales of available-for-sale investments 0us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 34,345,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Proceeds from maturities of available-for-sale investments 9,880,000us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 34,193,000us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Additions to property and equipment (8,047,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (7,458,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Other 446,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities 30,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (417,823,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (113,916,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (23,335,000)us-gaap_PaymentsOfDividendsCommonStock (22,485,000)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from stock option exercises 7,030,000us-gaap_ProceedsFromStockOptionsExercised 3,560,000us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefit from stock option exercises 258,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 40,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Borrowings under line-of-credit agreement 163,000,000us-gaap_ProceedsFromLongTermLinesOfCredit 0us-gaap_ProceedsFromLongTermLinesOfCredit
Payments on line-of-credit (19,000,000)us-gaap_RepaymentsOfLongTermLinesOfCredit 0us-gaap_RepaymentsOfLongTermLinesOfCredit
Net cash provided by (used in) financing activities 127,953,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (18,885,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (7,174,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 3,510,000us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (225,600,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (65,384,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 318,568,000us-gaap_CashAndCashEquivalentsAtCarryingValue 163,786,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 92,968,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 98,402,000us-gaap_CashAndCashEquivalentsAtCarryingValue