Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 22,707,000 $ 23,907,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 10,685,000 8,559,000
Costs recognized on sale of acquired inventory 1,113,000 3,167,000
Deferred income taxes (1,115,000) (1,617,000)
Stock-based compensation expense 2,038,000 1,362,000
Other 26,000 68,000
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables (3,763,000) 422,000
Inventories (3,176,000) (2,326,000)
Prepaid expenses (766,000) 8,000
Trade accounts payable and accrued expenses (416,000) (1,487,000)
Salaries, wages and related accruals (1,704,000) 2,528,000
Income taxes payable 6,204,000 1,127,000
Net cash provided by operating activities 31,833,000 35,718,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (82,970,000) (360,175,000)
Proceeds from maturities of available-for-sale investments 3,930,000 9,880,000
Additions to property and equipment (6,121,000) (4,905,000)
Distributions from unconsolidated entities 0 446,000
Net cash used in investing activities (85,161,000) (354,754,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (11,894,000) (11,472,000)
Proceeds from stock option exercises 1,128,000 1,864,000
Excess tax benefit from stock option exercises 131,000 78,000
Borrowings under line-of-credit agreement 77,000,000 125,000,000
Payments on line-of-credit (24,500,000) (13,000,000)
Net cash provided by (used in) financing activities 41,865,000 102,470,000
Effect of exchange rate changes on cash and cash equivalents 5,773,000 (3,763,000)
Net decrease in cash and cash equivalents (5,690,000) (220,329,000)
Cash and cash equivalents at beginning of period 54,532,000 318,568,000
Cash and cash equivalents at end of period $ 48,842,000 $ 98,239,000