v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings, including noncontrolling interest $ 68,981 $ 33,395
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 24,734 21,088
Costs recognized on sale of acquired inventory 1,512 0
Deferred income taxes 5,407 (452)
Stock-based compensation expense 11,737 12,953
Fair value adjustment to contingent consideration payable (2,800) (150)
Contingent consideration payments (3,300) 0
Fair value adjustment on available for sale investments (5,277) 4,351
Asset impairment restructuring 546 0
Leases, net (79) 0
Other operating activity 497 195
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net (3,637) 910
Inventories (2,981) (1,968)
Prepaid expenses (5,852) 1,632
Trade accounts payable, accrued expenses, contract liabilities, and other (2,303) 6,918
Salaries, wages and related accruals (18,933) (11,480)
Income taxes payable (19,818) (1,383)
Net cash provided by operating activities 48,434 66,009
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale investments 12,450 29,039
Purchases of available-for-sale investments (13,500) (26,239)
Additions to property and equipment (6,070) (10,938)
Net cash provided by (used in) investing activities (7,120) (8,138)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (12,493) (12,336)
Proceeds from stock option exercises 37,880 15,418
Borrowings under line-of-credit agreement 10,000 0
Repayments of long-term debt (51,125) (33,125)
Contingent consideration payments (700) 0
Other financing activity (23,246) (4,890)
Net cash provided by (used in) financing activities (39,684) (34,933)
Effect of exchange rate changes on cash and cash equivalents (4,400) (159)
Net change in cash and cash equivalents (2,770) 22,779
Cash and cash equivalents at beginning of period 199,091 146,625
Cash and cash equivalents at end of period 196,321 169,404
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 12,070 6,034
Cash paid for interest $ 3,107 $ 4,237

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