v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 84,449 $ 48,476
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 47,311 45,288
Costs recognized on sale of acquired inventory 2,013 2,770
Deferred income taxes (48,030) (5,323)
Stock-based compensation expense 13,587 11,219
Fair value adjustment to contingent consideration payable 20,100 14,100
Payments of contingent consideration (26,200) (9,117)
Impairment of investment 16,226
Other operating activity 1,664 (911) [1]
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables 9,399 (19,943)
Inventories (11,576) (3,576)
Prepaid expenses 858 (1,913)
Trade accounts payable and accrued expenses 1,665 7,298
Salaries, wages and related accruals (4,159) 2,305
Income taxes payable (1,779) 2,200
Net cash provided by operating activities 105,528 92,873
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (65,066) (253,941)
Proceeds from maturities of available-for-sale investments 6,563 3,624
Purchases of available-for-sale investments (3,061) (1,625)
Purchases of property and equipment (15,116) (9,311)
Purchase of equity investment (40,000)
Net cash used in investing activities (76,680) (301,253)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (35,941) (35,814)
Proceeds from stock option exercises 13,724 3,630
Excess tax benefit from stock option exercises 402
Borrowings under line-of-credit agreement 55,000 368,500
Payments on line-of-credit (6,000) (116,500)
Payments of contingent consideration (58,800) (14,203)
Other financing (4,339) (257)
Net cash (used in) provided by financing activities (36,356) 205,758
Effect of exchange rate changes on cash and cash equivalents 2,504 (1,775)
Net decrease in cash and cash equivalents (5,004) (4,397)
Cash and cash equivalents at beginning of period 91,612 64,237
Cash and cash equivalents at end of period 86,608 59,840
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,877 5,285
Cash paid for income taxes $ 31,103 $ 31,863
[1] Does not cross-foot due to the retrospective adoption of the cash flow presentation of employee taxes paid for shares withheld as part of ASU 2016-09

Source