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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2017
Cash flows from operating activities      
Net income $ 55,042 $ 91,041 $ 71,378
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 21,510 17,473 15,045
Amortization 20,849 17,357 18,407
Stock-based compensation expense 15,562 9,615 8,844
Deferred income taxes (2,062) (7,520) 118
Other non-cash items, net (1,940) 1,076 1,102
Changes in assets and liabilities, net of effects of business acquisitions/divestitures:      
Accounts receivable (23,048) (3,700) (12,860)
Inventories (28,711) (3,785) 887
Prepaid expenses and other assets (2,364) (5,169) (957)
Accounts payable and other liabilities 13,325 10,614 7,124
Income taxes (1,232) (1,090) (895)
Net cash provided by operating activities 66,931 125,912 108,193
Cash flows from investing activities      
Capital expenditures (95,438) (37,698) (27,065)
Proceeds from disposal of fixed assets 0 0 47
Proceeds from sale of business, net of cash retained and disposal costs 3,053 0 0
Acquisition of businesses, net of cash acquired (40,644) (87,488) (70,044)
Net cash used in investing activities (133,029) (125,186) (97,062)
Cash flows from financing activities      
Proceeds from issuance of long-term debt 0 200,000 0
Repayments of long-term debt (15,207) 0 0
Borrowings under revolving credit facility 50,000 82,300 74,000
Repayments under revolving credit facility (7,000) (208,300) (64,000)
Debt issuance costs 0 (2,698) 0
Dividends paid (8,350) (7,091) (5,841)
Purchases of treasury stock (4,741) (7,074) (6,910)
Net cash provided by (used in) financing activities 14,702 57,137 (2,751)
Effect of exchange rate changes on cash and cash equivalents 1,834 (350) (163)
(Decrease) increase in cash and cash equivalents (49,562) 57,513 8,217
Cash and cash equivalents at beginning of period 94,097 36,584 28,367
Cash and cash equivalents at end of period 44,535 94,097 36,584
Supplemental disclosures of cash flow information:      
Cash interest payments 9,296 5,156 3,455
Cash income tax payments 19,024 35,251 35,858
Accruals related to purchases of property and equipment $ 3,311 $ 2,281 $ 192