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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 134,018 $ 34,958
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 40,638 38,930
Costs recognized on sale of acquired inventory 0 1,869
Deferred income taxes 14,805 (9,106)
Stock-based compensation expense 18,495 18,426
Fair value adjustment to contingent consideration payable 100 (700)
Fair value adjustment on available for sale investments (110,856) 9,366
Other operating activity 192 2,340
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net 9,950 7,848
Inventories (4,381) (8,212)
Other current assets (1,320) (2,258)
Trade accounts payable, accrued expenses, contract liabilities, and other 7,115 5,385
Salaries, wages and related accruals (10,185) (3,937)
Income taxes payable 12,386 (8,898)
Net cash provided by operating activities 110,957 86,011
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale and maturities of available-for-sale investments 68,398 5,334
Purchases of available-for-sale investments (25,099) (26,000)
Additions to property and equipment (25,089) (8,794)
Acquisitions, net of cash acquired 0 (272,287)
Net cash provided by (used in) investing activities 18,210 (301,747)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (24,365) (24,151)
Proceeds from stock option exercises 27,247 18,860
Re-purchase of common stock 0 (15,404)
Proceeds from long-term debt 0 580,000
Repayments of long-term debt (122,250) (373,250)
Other financing activity (1,928) (4,731)
Net cash provided by (used in) financing activities (121,296) 181,324
Effect of exchange rate changes on cash and cash equivalents 1,535 (1,692)
Net increase (decrease) in cash and cash equivalents 9,406 (36,104)
Cash and cash equivalents at beginning of period 100,886 121,990
Cash and cash equivalents at end of period 110,293 85,886
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 7,037 10,812
Cash paid for interest $ 9,869 $ 19,135

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