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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Cash flows from operating activities    
Net income $ 38,042 $ 55,417
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,563 8,190
Amortization 10,552 8,412
Stock-based compensation expense 6,163 4,590
Deferred income taxes (3,096) (6,453)
Other non-cash items, net (154) 299
Changes in assets and liabilities, net of effects of acquisitions/dispositions:    
Accounts receivable (6,909) 1,145
Inventories (9,517) (8,073)
Prepaid expenses and other assets (2,980) (2,139)
Accounts payable and other liabilities (10,105) 557
Income taxes (2,365) (7,274)
Net cash provided by operating activities 29,194 54,671
Cash flows from investing activities    
Capital expenditures (62,062) (13,476)
Proceeds from sale of business 3,053 0
Acquisitions, net of cash acquired (24,047) (64,287)
Net cash used in investing activities (83,056) (77,763)
Cash flows from financing activities    
Repayments of long-term debt (5,000) 0
Borrowings under revolving credit facility 45,000 61,300
Repayments under revolving credit facility 0 (27,300)
Dividends paid (4,173) (3,545)
Purchases of treasury stock (4,355) (5,952)
Net cash provided by financing activities 31,472 24,503
Effect of exchange rate changes on cash and cash equivalents (676) 1,982
(Decrease) increase in cash and cash equivalents (23,066) 3,393
Cash and cash equivalents at beginning of period 94,097 36,584
Cash and cash equivalents at end of period $ 71,031 $ 39,977