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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Cash flows from operating activities    
Net income $ 22,929 $ 18,800
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,036 3,454
Amortization 4,048 3,909
Stock-based compensation expense 1,851 2,922
Deferred income taxes 780 1,917
Other non-cash items, net (67) 333
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 8,584 1,577
Inventories (2,629) (1,824)
Prepaid expenses and other assets (6,273) (2,801)
Accounts payable and other liabilities (6,679) (5,290)
Income taxes 3,492 1,911
Net cash provided by operating activities 30,072 24,908
Cash flows from investing activities    
Capital expenditures (6,492) (8,143)
Proceeds from disposal of fixed assets 0 21
Acquisition of businesses, net of cash acquired (60,345) (57,768)
Other, net 0 255
Net cash used in investing activities (66,837) (65,635)
Cash flows from financing activities    
Borrowings under revolving credit facility 61,300 61,000
Repayments under revolving credit facility (19,300) (16,000)
Purchases of treasury stock (5,822) (6,216)
Net cash provided by financing activities 36,178 38,784
Effect of exchange rate changes on cash and cash equivalents 1,223 (289)
Increase (decrease) in cash and cash equivalents 636 (2,232)
Cash and cash equivalents at beginning of period 36,584 28,367
Cash and cash equivalents at end of period $ 37,220 $ 26,135