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
 12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2009
Cash flows from operating activities:      
Net earnings $ 112,302 $ 109,776 $ 105,242
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 8,700 8,130 7,766
Costs recognized on sale of acquired inventory 1,835 0 0
Deferred income taxes 3,194 (1,551) (730)
Stock-based compensation expense 1,138 1,135 1,478
Excess tax benefit from stock option exercises (847) (196) (107)
Losses by equity method investees 926 1,510 1,290
Other 225 222 458
Change in operating assets and liabilities, net of acquisitions:      
Trade accounts and other receivables (3,624) (4,034) 49
Inventories (1,021) (2,368) (2,123)
Prepaid expenses 256 (186) (42)
Trade, other accounts payable and accrued expenses (591) (74) 1,394
Salaries, wages and related accruals 1,268 414 (2,803)
Income taxes payable/receivable 3,433 (1,518) (551)
Net cash provided by operating activities 127,194 111,260 111,321
Cash flows from investing activities:      
Acquisitions, net of cash acquired (131,766) 0 0
Purchase of available-for-sale investments (151,366) (176,621) (49,173)
Proceeds from maturities of available-for-sale investments 39,501 39,555 34,315
Proceeds from sale of available-for-sale investments 134,019 27,045 41,352
Additions to property and equipment (3,630) (4,644) (6,556)
Distribution from unconsolidated entity 0 50 1,340
Increase in other long-term assets (943) 0 0
Net cash (used in) provided by investing activities (114,185) (114,615) 21,278
Cash flows from financing activities:      
Cash dividends (39,691) (38,388) (28,194)
Proceeds from stock option exercises 4,790 3,261 953
Excess tax benefit from stock option exercises 847 196 107
Purchase of common stock for stock bonus plans (294) (607) (1,681)
Repurchase of common stock (1,940) (14,973) (90,629)
Net cash used in financing activities (36,288) (50,511) (119,444)
Effect of exchange rate changes on cash and cash equivalents 6,753 (12,935) (19,207)
Net change in cash and cash equivalents (16,526) (66,801) (6,052)
Cash and cash equivalents at beginning of year 94,139 160,940 166,992
Cash and cash equivalents at end of year $ 77,613 $ 94,139 $ 160,940