XML 21 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Cash flows from operating activities:    
Net income $ 13,953 $ 128,406
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 10,467 9,140
Amortization of intangibles 12,591 13,558
Amortization of debt issuance costs 393 393
Foreign currency forward contract loss 42,555  
Deferred income tax benefit (751) (5,356)
Gain on disposition of property, plant and equipment (30) (1,470)
Stock-based compensation expense 4,530 4,318
Changes in assets and liabilities:    
Accounts receivable (16,556) (152,921)
Inventories (27,437) (56,840)
Prepaid income taxes, expenses and other (17,011) (2,409)
Accounts payable (29,150) 33,471
Accrued liabilities (10,218) 39,892
Long-term liabilities and other 830 3,233
Net cash provided by (used in) operating activities (15,834) 13,415
Cash flows from investing activities:    
Purchases of property, plant and equipment (34,453) (34,283)
Proceeds from dispositions of property, plant and equipment 61 3,526
Other   641
Net cash used in investing activities (34,392) (30,116)
Cash flows from financing activities:    
Principal payments on revolving credit facility   (55,000)
Principal payments on capital lease obligations (102) (94)
Net cash used in financing activities (102) (55,094)
Net decrease in cash and cash equivalents (50,328) (71,795)
Cash and cash equivalents, beginning of period 275,249 223,258
Cash and cash equivalents, end of period 224,921 151,463
Supplemental cash flow information:    
Income taxes paid 45,203 73,720
Interest paid 458 1,161
Non-cash investing and financing transactions:    
Capital expenditures in accounts payable 3,063 4,075
Regular quarterly dividends payable $ 20,595 $ 19,497