XML 17 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Cash flows from operating activities:    
Net income $ 208,158 $ 143,527
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 18,619 16,911
Amortization of intangibles 27,354 33,494
Amortization of debt issuance costs 785 785
Deferred income tax provision (benefit) 23,312 (4,291)
Gain on disposition of property, plant and equipment (1,482) (2,262)
Stock-based compensation expense 8,731 5,892
Changes in assets and liabilities (excluding acquisitions):    
Accounts receivable (138,930) (96,712)
Inventories (129,875) (73,729)
Prepaid income taxes, expenses and other (7,140) (8,455)
Accounts payable 27,235 28,591
Accrued liabilities 11,283 6,353
Long-term liabilities and other 8,795 2,712
Net cash provided by operating activities 56,845 52,816
Cash flows from investing activities:    
Purchases of property, plant and equipment (63,003) (50,924)
Proceeds from dispositions of property, plant and equipment 3,552 4,554
Acquisitions   (5,039)
Other 960 (2,213)
Net cash used in investing activities (58,491) (53,622)
Cash flows from financing activities:    
Principal payments on revolving credit facility (65,000) (35,000)
Regular cash dividends paid (38,994) (34,704)
Principal payments on capital lease obligations (186) (165)
Payments related to vesting of stock-based awards (7,657) (4,572)
Net cash used in financing activities (111,837) (74,441)
Net decrease in cash and cash equivalents (113,483) (75,247)
Cash and cash equivalents, beginning of period 223,258 209,902
Cash and cash equivalents, end of period 109,775 134,655
Supplemental cash flow information:    
Income taxes paid 137,169 97,180
Interest paid 2,114 4,466
Non-cash transactions:    
Capital expenditures in accounts payable $ 4,929 $ 2,904