v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 17,403 $ 15,863
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 19,052 15,423
Costs recognized on sale of acquired inventory 935 318
Deferred income taxes (3,768) (2,184)
Stock-based compensation expense 11,565 3,795
Fair value adjustment to contingent consideration payable (200) 7,500
Fair value adjustment on available for sale investments 2,202
Other operating activity 2,217 277
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net 8,307 9,550
Inventories (6,678) (5,446)
Other current assets (1,354) 48
Trade accounts payable, accrued expenses, and contract liabilities 3,107 (563)
Salaries, wages and related accruals (8,476) (3,635)
Income taxes payable (4,864) 3,750
Net cash provided by operating activities 39,448 44,696
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale investments 3,502
Purchases of available-for-sale investments (11,694)
Additions to property and equipment (4,190) (5,273)
Acquisitions, net of cash acquired (272,229) (10,634)
Net cash used in investing activities (288,113) (12,405)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (12,066) (11,958)
Proceeds from stock option exercises 16,453 3,806
Proceeds from long-term debt 580,000
Repayments of long-term debt (357,125) (6,000)
Payments of contingent consideration (35,000)
Debt issuance costs (3,004)
Other financing activity (1,727) (1,802)
Net cash provided by (used in) financing activities 222,531 (50,954)
Effect of exchange rate changes on cash and cash equivalents (1,182) (485)
Net decrease in cash and cash equivalents (27,316) (19,148)
Cash and cash equivalents at beginning of period 121,990 91,612
Cash and cash equivalents at end of period 94,674 72,464
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 8,447 6,071
Cash paid for interest $ 3,229 $ 2,144

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