|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2010
|
| Cash flows from operating activities: |
|
|
|
| Net earnings |
$ 112,331 |
$ 112,302 |
$ 109,776 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
12,467 |
8,700 |
8,130 |
| Costs recognized on sale of acquired inventory |
7,573 |
1,835 |
0 |
| Deferred income taxes |
(7,363) |
3,194 |
(1,551) |
| Stock-based compensation expense |
1,641 |
1,138 |
1,135 |
| Excess tax benefit from stock option exercises |
(51) |
(847) |
(196) |
| Impairment losses on investments |
3,254 |
0 |
0 |
| Losses by equity method investees |
603 |
926 |
1,510 |
| Other |
230 |
225 |
222 |
| Change in operating assets and liabilities, net of acquisitions: |
|
|
|
| Trade accounts and other receivables |
(2,096) |
(3,624) |
(4,034) |
| Inventories |
(1,577) |
(1,021) |
(2,368) |
| Prepaid expenses |
(476) |
256 |
(186) |
| Trade accounts payable and accrued expenses |
1,581 |
(591) |
(74) |
| Salaries, wages and related accruals |
686 |
1,268 |
414 |
| Income taxes payable |
(2,057) |
3,433 |
(1,518) |
| Net cash provided by operating activities |
126,746 |
127,194 |
111,260 |
| Cash flows from investing activities: |
|
|
|
| Acquisitions, net of cash acquired |
0 |
(131,766) |
0 |
| Purchase of available-for-sale investments |
(147,011) |
(151,366) |
(176,621) |
| Proceeds from sale of available-for-sale investments |
64,291 |
134,019 |
27,045 |
| Proceeds from maturities of available-for-sale investments |
67,435 |
39,501 |
39,555 |
| Additions to property and equipment |
(6,017) |
(3,630) |
(4,644) |
| Distribution from unconsolidated entity |
463 |
0 |
50 |
| Increase in other long-term assets |
(829) |
(943) |
0 |
| Net cash used in investing activities |
(21,668) |
(114,185) |
(114,615) |
| Cash flows from financing activities: |
|
|
|
| Cash dividends |
(41,018) |
(39,691) |
(38,388) |
| Proceeds from stock option exercises |
847 |
4,790 |
3,261 |
| Excess tax benefit from stock option exercises |
51 |
847 |
196 |
| Purchase of common stock for stock bonus plans |
(907) |
(294) |
(607) |
| Repurchase of common stock |
(23,598) |
(1,940) |
(14,973) |
| Net cash used in financing activities |
(64,625) |
(36,288) |
(50,511) |
| Effect of exchange rate changes on cash and cash equivalents |
(1,391) |
6,753 |
(12,935) |
| Net change in cash and cash equivalents |
39,062 |
(16,526) |
(66,801) |
| Cash and cash equivalents at beginning of year |
77,613 |
94,139 |
160,940 |
| Cash and cash equivalents at end of year |
$ 116,675 |
$ 77,613 |
$ 94,139 |