v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 14,398 $ 17,403
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 20,085 19,052
Costs recognized on sale of acquired inventory 0 935
Deferred income taxes (607) (3,768)
Stock-based compensation expense 8,366 11,565
Fair value adjustment to contingent consideration payable 700 (200)
Fair value adjustment on available for sale investments 10,401 2,202
Other operating activity 164 2,217
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net (1,405) 8,307
Inventories (720) (6,678)
Other current assets (2,549) (1,354)
Trade accounts payable, accrued expenses, contract liabilities, and other 1,456 3,107
Salaries, wages and related accruals (10,983) (8,476)
Income taxes payable 1,233 (4,864)
Net cash provided by operating activities 40,539 39,448
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale investments 11,311 0
Purchases of available-for-sale investments (15,871) (11,694)
Additions to property and equipment (10,525) (4,190)
Acquisitions, net of cash acquired 0 (272,229)
Net cash used in investing activities (15,085) (288,113)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (12,169) (12,066)
Proceeds from stock option exercises 8,952 16,453
Proceeds from long-term debt 0 580,000
Repayments of long-term debt (19,125) (357,125)
Debt issuance costs 0 (3,004)
Other financing activity (1,927) (1,727)
Net cash provided by (used in) financing activities (24,269) 222,531
Effect of exchange rate changes on cash and cash equivalents (2,180) (1,182)
Net decrease in cash and cash equivalents (995) (27,316)
Cash and cash equivalents at beginning of period 100,886 121,990
Cash and cash equivalents at end of period 99,891 94,674
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,452 8,447
Cash paid for interest $ 5,092 $ 3,229

Source