Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings, including noncontrolling interest $ 141,040 $ 79,538
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 49,836 41,972
Costs recognized on sale of acquired inventory 1,596 23
Deferred income taxes 7,233 216
Stock-based compensation expense 25,706 28,531
Contingent consideration payments (3,300) (155)
Fair value adjustment to contingent consideration payable (16,400) 4,600
Fair value adjustment on available for sale investments (33,672) (6,356)
Asset impairment restructuring 546 0
Eminence impairment 18,715 0
Leases, net (501) 113
Other operating activity 383 324
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables, net (9,347) (2,327)
Inventories (8,700) (586)
Prepaid expenses (7,025) (1,508)
Trade accounts payable, accrued expenses, contract liabilities, and other (175) 8,624
Salaries, wages and related accruals (10,408) (1,713)
Income taxes payable (6,100) 3,982
Net cash provided by (used in) operating activities 149,427 155,278
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale investments 12,450 43,146
Purchases of available-for-sale investments (13,500) (27,184)
Additions to property and equipment (16,238) (22,383)
Acquisitions, net of cash acquired 0 (9,765)
Investment of forward purchase contract (25,000) 0
Other investing activity 0 (556)
Net cash provided by (used in) investing activities (42,288) (16,742)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (25,069) (24,728)
Proceeds from stock option exercises 56,500 32,337
Re-purchases of common stock (41,294) 0
Borrowings under line-of-credit agreement 50,000 0
Repayments of long-term debt (109,250) (125,250)
Contingent consideration payments (700) 0
Other financing activity (23,247) (7,371)
Net cash provided by (used in) financing activities (93,060) (125,012)
Effect of exchange rate changes on cash and cash equivalents (1,325) 5,377
Net change in cash and cash equivalents 12,754 18,901
Cash and cash equivalents at beginning of period 199,091 146,625
Cash and cash equivalents at end of period 211,845 165,526
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 15,368 11,007
Cash paid for interest $ 6,144 $ 7,779