Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 84,124 $ 84,150
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 13,864 9,279
Costs recognized on sale of acquired inventory 4,312 3,496
Deferred income taxes (4,098) (2,054)
Stock-based compensation expense 2,635 1,374
Other 424 382
Change in operating assets and operating liabilities, net of acquisition:    
Trade accounts and other receivables (6,862) (2,319)
Inventories (704) (2,032)
Prepaid expenses (38) (240)
Trade accounts payable and accrued expenses 575 (215)
Salaries, wages and related accruals 1,463 636
Income taxes payable 3,146 1,118
Net cash provided by operating activities 98,841 93,575
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of cash acquired (103,149) 0
Purchase of available-for-sale investments (89,283) (89,099)
Proceeds from sales of available-for-sale investments 43,375 26,367
Proceeds from maturities of available-for-sale investments 46,754 53,987
Additions to property and equipment (11,719) (17,108)
Distributions from unconsolidated entities 85 0
Increase in other long-term assets (60) (592)
Net cash used in investing activities (113,997) (26,445)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends (33,925) (32,413)
Proceeds from stock option exercises 5,128 824
Excess tax benefit from stock option exercises 0 69
Purchase of common stock for stock bonus plans 0 (573)
Net cash used in financing activities (28,797) (32,093)
Effect of exchange rate changes on cash and cash equivalents 3,770 (999)
Net increase in cash and cash equivalents (40,183) 34,038
Cash and cash equivalents at beginning of period 163,786 116,675
Cash and cash equivalents at end of period $ 123,603 $ 150,713