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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2018
Jan. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,207 $ 10,046
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (benefit from) deferred income taxes 3,285 (194)
Depreciation and amortization 10,913 12,871
Asset impairment charges   10,423
Share-based compensation expense 3,881 4,255
Amortization of demo equipment 1,768 969
Provision for excess and obsolescence inventory 658 1,329
Excess tax benefit from share-based compensation   (158)
Change in fair value of contingent consideration   (8,103)
(Benefit from) provision for doubtful accounts, net of recovery (245) 20
Loss on sale of property, plant and equipment 66 36
Net changes in operating assets and liabilities:    
Accounts receivable (5,681) 20,223
Inventory 2,794 (4,180)
Prepaid expenses and other assets (87) 641
Accounts payable 1,013 1,207
Accrued liabilities (3,899) (5,699)
Deferred revenue 986 (977)
Customer deposits (415) 720
Accrued income taxes and income taxes receivable 7,552 (1,120)
Other liabilities 836 (1,552)
NET CASH PROVIDED BY OPERATING ACTIVITIES 35,632 40,757
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, plant, and equipment (3,811) (5,743)
Purchases of marketable securities (73,906)  
Proceeds from maturities of marketable securities 15,826  
Proceeds from sales of marketable securities 2,294  
Proceeds from the sale of property, plant, and equipment 16 18
NET CASH USED IN INVESTING ACTIVITIES (59,581) (5,725)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of stock pursuant to exercise of stock options, employee stock purchase plan, restricted stock plans, and non-employee director stock plan 832 3,090
Repurchase of common stock (952)  
Shares repurchased for taxes for vested employee restricted stock grants (1,061) (1,039)
Excess tax benefit from share-based compensation   158
Dividends paid to shareholders (2,497) (2,501)
NET CASH USED IN FINANCING ACTIVITIES (3,678) (292)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 192 (447)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (27,435) 34,293
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 129,298 118,697
CASH AND CASH EQUIVALENTS, END OF PERIOD 101,863 152,990
Supplemental disclosures of cash flow information:    
Non-cash transfer of demonstration inventory to fixed asset $ 1,669 $ 1,764