v3.20.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 79,538 $ 134,018
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 41,972 40,638
Costs recognized on sale of acquired inventory 23 0
Deferred income taxes 216 14,805
Stock-based compensation expense 28,531 18,495
Contingent consideration payments (155) (145)
Fair value adjustment to contingent consideration payable 4,600 100
Fair value adjustment on available for sale investments (6,356) (110,856)
Leases, net 113 177
Other operating activity 324 160
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net (2,327) 9,950
Inventories (586) (4,381)
Other current assets (1,508) (1,320)
Trade accounts payable, accrued expenses, contract liabilities, and other 8,624 7,115
Salaries, wages and related accruals (1,713) (10,185)
Income taxes payable 3,982 12,386
Net cash provided by (used in) operating activities 155,278 110,957
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale and maturities of available-for-sale investments 43,146 68,398
Purchases of available-for-sale investments (27,184) (25,099)
Additions to property and equipment (22,383) (25,089)
Acquisitions, net of cash acquired (9,765) 0
Other investing activity (556) 0
Net cash provided by (used in) investing activities (16,742) 18,210
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (24,728) (24,365)
Proceeds from stock option exercises 32,337 27,247
Re-purchase of common stock 0 0
Proceeds from long-term debt 0 0
Repayments of long-term debt (125,250) (122,250)
Other financing activity (7,371) (1,928)
Net cash provided by (used in) financing activities (125,012) (121,296)
Effect of exchange rate changes on cash and cash equivalents 5,377 1,535
Net increase (decrease) in cash and cash equivalents 18,901 9,406
Cash and cash equivalents at beginning of period 146,625 100,886
Cash and cash equivalents at end of period 165,526 110,293
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 11,007 7,037
Cash paid for interest $ 7,779 $ 9,869

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