XML 19 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities:      
Net income $ 115,314 [1] $ 121,764 $ 101,686
Impacts of noncash items:      
Depreciation and amortization 24,906 24,147 21,111
Change in acquisition-related contingent consideration 1,156 0 0
Deferred income taxes and other changes 2,347 (525) 306
Stock-based compensation expense 4,248 3,326 3,040
Excess tax benefit from stock-based compensation (1,123) (1,417) (563)
Gain on sale of property (629) 0 0
Pension plan activity (244) (296) (591)
Changes in operating assets and liabilities:      
Receivables (2,598) (3,547) (1,900)
Inventories 150 1,802 366
Other current assets (2,958) 1,445 5,229
Accounts payable and accrued liabilities 3,786 (4,114) 4,088
Net cash provided by operating activities 144,355 142,585 132,772
Cash Flows From Investing Activities:      
Cash paid for acquisitions, net of cash acquired (35,169) (12) (92,217)
Payments for property additions (27,005) (16,671) (18,298)
Proceeds from sale of property 1,475 0 0
Other-net 91 (740) (1,810)
Net cash used in investing activities (60,608) (17,423) (112,325)
Cash Flows From Financing Activities:      
Purchase of treasury stock (866) (155) (569)
Payment of dividends (including special dividend payment, 2017-$0; 2016-$136,677; 2015-$0) (58,980) (190,546) (49,778)
Excess tax benefit from stock-based compensation 1,123 1,417 563
Net cash used in financing activities (58,723) (189,284) (49,784)
Net change in cash and equivalents 25,024 (64,122) (29,337)
Cash and equivalents at beginning of year 118,080 182,202 211,539
Cash and equivalents at end of year $ 143,104 $ 118,080 $ 182,202
[1] Included in the third quarter and fiscal year net income is expense of $11.5 million, net of taxes, or approximately $0.42 per diluted share, related to a multiemployer pension settlement and other benefit-related costs.