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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Cash flows from operating activities:    
Net income $ 143,527 $ 95,165
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 16,911 10,958
Amortization of intangible assets 33,494 11,882
Amortization of debt issuance costs 785  
Impairment charges   9,113
Deferred income tax benefit (4,291) (1,261)
(Gain) loss on disposition of property, plant and equipment (2,262) 47
Stock-based compensation expense 5,892 4,679
Excess tax benefits from stock-based awards   (291)
Changes in assets and liabilities (excluding acquisitions):    
Accounts receivable (96,712) (62,347)
Inventories (73,729) (28,430)
Prepaid income taxes, expenses and other (8,455) (8,083)
Accounts payable 28,591 18,922
Accrued liabilities 6,353 1,231
Other liabilities 2,712 281
Net cash provided by operating activities 52,816 51,866
Cash flows from investing activities:    
Purchases of property, plant and equipment (50,924) (24,539)
Proceeds from dispositions of property, plant and equipment 4,554 47
Proceeds from notes receivable   8,367
Acquisitions (5,039)  
Other (2,213)  
Net cash used in investing activities (53,622) (16,125)
Cash flows from financing activities:    
Principal payments on revolving credit facility (35,000)  
Regular cash dividends paid (34,704) (31,485)
Principal payments on capital lease obligations (165) (170)
Excess tax benefits from stock-based awards   291
Payments related to vesting of stock-based awards (4,572) (2,484)
Net cash used in financing activities (74,441) (33,848)
Net increase (decrease) in cash and cash equivalents (75,247) 1,893
Cash and cash equivalents, beginning of period 209,902 183,478
Cash and cash equivalents, end of period 134,655 185,371
Supplemental cash flow information:    
Income taxes paid 97,180 63,301
Interest paid 4,466 342
Non-cash transactions:    
Capital expenditures in accounts payable $ 2,904 $ 585