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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES      
Net income $ 47,000,000 $ 11,300,000 $ 58,700,000
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 117,800,000 119,300,000 122,300,000
Goodwill impairment charge 0 12,500,000 0
Non-cash excess inventory write-down 0 22,500,000 0
Non-cash restructuring and asset impairment charges 0 7,600,000 7,600,000
Deferred income taxes 41,600,000 800,000 60,400,000
Net pension expense 48,400,000 53,800,000 44,500,000
Payments from qualified pension plan associated with restructuring charges 0 9,400,000 8,300,000
Stock-based compensation expense 13,000,000 8,700,000 10,000,000
Net loss on disposal of property and equipment 2,500,000 600,000 1,200,000
Loss on divestiture of business 3,200,000 0 0
Changes in working capital and other:      
Accounts receivable (34,600,000) 48,200,000 25,400,000
Inventories (74,600,000) 1,600,000 36,000,000
Other current assets 2,800,000 (2,100,000) (300,000)
Accounts payable 42,500,000 (7,600,000) (59,900,000)
Accrued liabilities 25,600,000 (14,000,000) (12,100,000)
Pension plan contributions (100,000,000) 0 (7,200,000)
Other postretirement plan contributions (3,200,000) (13,000,000) (13,200,000)
Other, net (2,700,000) (2,700,000) 900,000
Net cash provided from operating activities 129,300,000 256,900,000 282,600,000
INVESTING ACTIVITIES      
Purchases of property, equipment and software (98,500,000) (95,200,000) (170,500,000)
Proceeds from disposals of property and equipment and assets held for sale 2,500,000 1,400,000 200,000
Acquisition of business (35,300,000) 0 0
Proceeds from maturities of marketable securities 900,000 900,000 300,000
Net proceeds from divestiture of business 12,000,000 0 0
Proceeds from note receivable from the sale of equity method investment 6,300,000 0 0
Proceeds received from sale of equity method investment 0 6,300,000 0
Other 0 4,000,000 0
Net cash used for investing activities (112,100,000) (82,600,000) (170,000,000)
FINANCING ACTIVITIES      
Credit agreement borrowings 122,100,000 77,000,000 545,100,000
Credit agreement repayments (122,100,000) (77,000,000) (545,100,000)
Dividends paid (34,100,000) (34,800,000) (37,900,000)
Payments of debt issue costs (1,400,000) 0 0
Purchases of treasury stock 0 (123,900,000) (124,500,000)
Payments on seller financed debt related to purchase of software 0 (4,900,000) 0
Tax benefits on share-based compensation 500,000 0 700,000
Proceeds from stock options exercised 2,200,000 500,000 2,300,000
Net cash used for financing activities (32,800,000) (163,100,000) (159,400,000)
Effect of exchange rate changes on cash and cash equivalents (100,000) 800,000 (3,200,000)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (15,700,000) 12,000,000 (50,000,000)
Cash and cash equivalents at beginning of year 82,000,000 70,000,000 120,000,000
Cash and cash equivalents at end of year $ 66,300,000 $ 82,000,000 $ 70,000,000