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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Apr. 30, 2011
Apr. 30, 2010
Operating Activities    
Net earnings $ 159,524 $ 114,993
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 45,276 45,158
Changes in operating assets and liabilities (23,958) (6,848)
Tax benefit of equity plans (8,272) (3,815)
Stock compensation plan expense 7,560 7,110
Deferred taxes 6,188 1,944
Other, net (17,775) (9,775)
Net cash provided by operating activities 168,543 148,767
Investing Activities    
Net expenditures on property and equipment (42,400) (27,230)
Purchase of short-term investments (67,985)  
Acquisitions and divestitures 3,493 (250)
Net cash used in investing activities (106,892) (27,480)
Financing Activities    
Purchase of treasury stock (43,101) (23,783)
Proceeds from settlement of interest rate swap 4,710  
Repayments of long-term debt (13,202) (5,386)
Change in short-term borrowings 6,976 (10,024)
Dividends paid (29,547) (27,040)
Tax benefit of equity plans 8,272 3,815
Exercise of stock options 13,535 7,332
Net cash used in financing activities (52,357) (55,086)
Effect of exchange rate changes on cash 22,199 (1,527)
Increase in cash and cash equivalents 31,493 64,674
Cash and cash equivalents, beginning of year 232,000 143,687
Cash and cash equivalents, end of year $ 263,493 $ 208,361