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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Cash flows from operating activities    
Net income $ 36,870,000 $ 29,643,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,148,000 5,693,000
Amortization 7,966,000 6,391,000
Stock-based compensation expense 5,038,000 3,595,000
Amortization of debt issuance costs 201,000 201,000
Loss on disposal of fixed assets 402,000 111,000
Fair value adjustments to acquisition related liabilities 18,000 (571,000)
Deferred income taxes 821,000 688,000
Excess tax benefits from stock-based compensation   (1,541,000)
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable (2,651,000) (3,021,000)
Inventories (1,008,000) (4,251,000)
Prepaid expenses and other current assets (3,628,000) (5,034,000)
Accounts payable and other current liabilities (2,543,000) (1,681,000)
Income taxes (3,633,000) (1,952,000)
Net cash provided by operating activities 45,001,000 28,271,000
Cash flows from investing activities    
Capital expenditures (14,416,000) (7,635,000)
Proceeds from disposal of fixed assets 26,000 35,000
Acquisition of businesses, net of cash acquired (58,348,000) (81,104,000)
Other, net 61,000 212,000
Net cash used in investing activities (72,677,000) (88,492,000)
Cash flows from financing activities    
Borrowings under revolving credit facility 61,000,000 83,000,000
Repayments under revolving credit facility (28,000,000) (28,000,000)
Dividends paid (2,921,000) (2,502,000)
Excess tax benefits from stock-based compensation   1,541,000
Purchases of treasury stock (6,264,000) (3,432,000)
Net cash provided by financing activities 23,815,000 50,607,000
Effect of exchange rate changes on cash and cash equivalents (155,000) (502,000)
Decrease in cash and cash equivalents (4,016,000) (10,116,000)
Cash and cash equivalents at beginning of period 28,367,000 31,720,000
Cash and cash equivalents at end of period $ 24,351,000 $ 21,604,000