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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Cash flows from operating activities:    
Net income $ 78,745 $ 50,497
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 8,380 5,405
Amortization of intangible assets 18,215 6,028
Amortization of debt issuance costs 393  
Deferred income tax provision (benefit) (2,297) 2,289
Gain on disposition of property, plant and equipment (2,188) (1)
Stock-based compensation expense 2,738 2,279
Excess tax benefits from stock-based awards   (291)
Changes in assets and liabilities (excluding acquisitions):    
Accounts receivable (86,419) (47,614)
Inventories (13,258) (25,255)
Prepaid income taxes, expenses and other (2,648) (5,889)
Accounts payable (1,254) 28,667
Accrued liabilities (1,966) 2,579
Other liabilities 2,822 198
Net cash provided by operating activities 1,263 18,892
Cash flows from investing activities:    
Purchases of property, plant and equipment (26,164) (15,922)
Proceeds from dispositions of property, plant and equipment 4,329 40
Proceeds from notes receivable   8,367
Acquisitions (5,039)  
Other (2,500)  
Net cash used in investing activities (29,374) (7,515)
Cash flows from financing activities:    
Principal payments on revolving credit facility (20,000)  
Regular cash dividends paid   (15,743)
Principal payments on capital lease obligations (81) (86)
Excess tax benefits from stock-based awards   291
Net cash used in financing activities (20,081) (15,538)
Net decrease in cash and cash equivalents (48,192) (4,161)
Cash and cash equivalents, beginning of period 209,902 183,478
Cash and cash equivalents, end of period 161,710 179,317
Supplemental cash flow information:    
Income taxes paid 54,224 35,326
Interest paid 2,407 174
Non-cash transactions:    
Capital expenditures in accounts payable 3,867 $ 532
Regular quarterly dividend payable $ 17,352