v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:      
Net earnings $ 229,296 [1] $ 96,072 $ 126,150
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 82,737 78,171 64,463
Costs recognized on sale of acquired inventory 0 3,739 2,455
Deferred income taxes 13,130 (13,582) (46,716)
Stock-based compensation expense 32,367 32,280 28,240
Fair value adjustment to contingent consideration payable (905) (2,000) 20,100
Contingent consideration payments (958) 0 (26,600)
(Gain) Loss on investment, net 0 (3,702) (397)
Fair value adjustment on available for sale investments (137,527) 16,067 0
Leases, net 225 0 0
Gain on escrow settlement (7,170) 0 0
Other operating activity (732) 2,325 776
Change in operating assets and liabilities, net of acquisitions:      
Trade accounts and other receivables 6,556 (15,000) (2,700)
Inventories (14,861) (13,647) (13,327)
Prepaid expenses (2,605) (698) 2,782
Trade accounts payable and accrued expenses 10,343 6,101 5,026
Salaries, wages and related accruals 2,552 5,013 (89)
Income taxes payable (7,231) (9,520) 10,204
Net cash provided by operating activities 205,217 181,619 170,367
Cash flows from investing activities:      
Proceeds from sale and maturities of available-for-sale investments 147,120 21,579 36,390
Purchase of available-for-sale investments (70,187) (43,475) (8,571)
Additions to property and equipment (51,744) (25,411) (20,934)
Acquisitions, net of cash acquired 0 (289,492) (67,851)
Investment in unconsolidated entity 1,906 0 21,574
Other investing activities 0 0 680
Net cash provided by (used in) investing activities 27,095 (336,799) (38,712)
Cash flows from financing activities:      
Cash dividends (48,902) (48,364) (47,973)
Proceeds from stock option exercises 70,983 37,950 19,170
Re-purchases of common stock (50,112) (15,405) 0
Borrowings under line-of-credit agreement 40,000 580,000 55,000
Payments on line-of-credit (188,500) (413,500) (59,500)
Contingent consideration payments (3,400) 0 (61,900)
Other financing activities (3,872) (6,297) (3,985)
Net cash provided by (used in) financing activities (183,802) 134,384 (99,188)
Effect of exchange rate changes on cash and cash equivalents (2,771) (308) (2,089)
Net change in cash and cash equivalents 45,739 (21,104) 30,378
Cash and cash equivalents at beginning of year 100,886 121,990 91,612
Cash and cash equivalents at end of year $ 146,625 $ 100,886 $ 121,990
[1] Amounts do not total due to rounding

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