v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings, including noncontrolling interest $ 89,734 $ 68,981
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 26,641 24,734
Costs recognized on sale of acquired inventory 300 1,512
Deferred income taxes (4,767) 5,407
Stock-based compensation expense 14,461 11,737
Fair value adjustment to contingent consideration payable (100) (2,800)
Contingent consideration payments - operating   (3,300)
(Gain) Loss on investment, net (37,176) (5,277)
Fair value adjustment on available for sale investments (911)  
Asset impairment restructuring 0 546
Gain on sale of Eminence (11,682) 0
Leases, net 2,545 (79)
Other operating activity (32) 497
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net 17,335 (3,637)
Inventories (10,685) (2,981)
Prepaid expenses (2,760) (5,852)
Trade accounts payable, accrued expenses, contract liabilities, and other (1,401) (2,303)
Salaries, wages and related accruals (28,360) (18,933)
Income taxes payable 2,939 (19,818)
Net cash provided by (used in) operating activities 56,081 48,434
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale investments 14,509 12,450
Purchases of available-for-sale investments (14,500) (13,500)
Proceeds from sale of CCXI investment 73,219  
Additions to property and equipment (9,556) (6,070)
Acquisitions, net of cash acquired (101,184)  
Proceeds from sale of Eminence 17,824  
Net cash provided by (used in) investing activities (19,688) (7,120)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (12,545) (12,493)
Proceeds from stock option exercises 11,950 37,880
Re-purchases of common stock (19,562)  
Borrowings under line-of-credit agreement 449,661 10,000
Repayments of long-term debt (441,000) (51,125)
Contingent consideration payments - financing 0 (700)
Taxes paid on RSUs and net share settlements (17,853) (23,246)
Other financing activity (2,457)  
Net cash provided by (used in) financing activities (31,806) (39,684)
Effect of exchange rate changes on cash and cash equivalents (11,897) (4,400)
Net change in cash and cash equivalents (7,310) (2,770)
Cash and cash equivalents at beginning of period 172,567 199,091
Cash and cash equivalents at end of period 165,257 196,321
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 14,892 12,070
Cash paid for interest $ 3,409 $ 3,107

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