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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities:      
Net income $ 135,314 [1] $ 115,314 [2] $ 121,764
Impacts of noncash items:      
Depreciation and amortization 26,896 24,906 24,147
Change in acquisition-related contingent consideration 2,052 1,156 0
Deferred income taxes and other changes (8,502) 2,347 (525)
Stock-based compensation expense 5,039 4,248 3,326
Gain on sale of property (10) (629) 0
Pension plan activity (434) (244) (296)
Changes in operating assets and liabilities:      
Receivables (3,040) (2,598) (3,547)
Inventories (14,485) 150 1,802
Other current assets 2,164 (2,958) 1,445
Accounts payable and accrued liabilities 15,720 4,693 (2,213)
Net cash provided by operating activities 160,714 146,385 145,903
Cash Flows From Investing Activities:      
Cash paid for acquisitions, net of cash acquired (318) (35,169) (12)
Payments for property additions (31,025) (27,005) (16,671)
Proceeds from sale of property 38 1,475 0
Other-net (147) 91 (740)
Net cash used in investing activities (31,452) (60,608) (17,423)
Cash Flows From Financing Activities:      
Purchase of treasury stock (1,102) (866) (155)
Payment of dividends (including special dividend payment, 2018-$0; 2017-$0; 2016-$136,677) (64,531) (58,980) (190,546)
Tax withholdings for stock-based compensation (981) (907) (1,901)
Net cash used in financing activities (66,614) (60,753) (192,602)
Net change in cash and equivalents 62,648 25,024 (64,122)
Cash and equivalents at beginning of year 143,104 118,080 182,202
Cash and equivalents at end of year $ 205,752 $ 143,104 $ 118,080
[1] Included in the second quarter net income was the one-time preliminary deferred tax benefit of $8.9 million, or approximately $0.32 per diluted share, resulting from the Tax Act. The fiscal year impact was $9.5 million, or approximately $0.35 per diluted share.
[2] Included in the third quarter and fiscal year net income was 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.