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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Jul. 31, 2012
Cash Flows from Operating Activities      
Net Income $ 8,356 $ 14,586 $ 6,098
Adjustments to reconcile net income to net cash provided by operating activites:      
Depreciation and amortization 10,396 8,946 9,272
Amortization of investment (discounts) premiums (2) (7) 15
Non-cash stock compensation expense 1,189 864 727
Excess tax benefits for share-based payments (86) (268) (92)
Deferred income taxes 284 (398) (2,568)
Provision for bad debts 69 64 32
Loss on the sale of property, plant and equipment 452 8 445
Capacity rationalization charges 0 70 1,623
(Increase) decrease in:      
Accounts receivable 82 (984) (1,026)
Inventories (2,966) (1,050) (456)
Prepaid expenses (1,988) 1,416 1,878
Other assets (817) (1,025) (510)
Increase (decrease) in:      
Accounts payable 187 135 456
Accrued expenses (2,586) 2,159 1,622
Deferred compensation 698 452 921
Pension and postretirement benefits 2,887 (1,896) 4,730
Other liabilities 141 294 172
Total Adjustments 7,940 8,780 17,241
Net Cash Provided by Operating Activities 16,296 23,366 23,339
Cash Flows from Investing Activities      
Capital expenditures (18,566) (9,795) (6,960)
Proceeds from sale of property, plant and equipment 180 66 31
Acquisition of business (12,876) 0 0
Restricted cash (129) 0 0
Purchases of short-term investments (10,391) (34,439) (17,601)
Dispositions of short-term investments 26,212 25,150 24,260
Net Cash Used in Investing Activities (15,570) (19,018) (270)
Cash Flows from Financing Activities      
Principal payments on notes payable (3,500) (3,800) (3,600)
Dividends paid (4,965) (4,630) (4,486)
Purchase of treasury stock (87) (175) (6,247)
Proceeds from issuance of treasury stock 82 82 31
Proceeds from issuance of common stock 12 805 321
Excess tax benefits for share-based payments 86 268 92
Net Cash Used in Financing Activities (8,372) (7,450) (13,889)
Effect of exchange rate changes on cash and cash equivalents (159) 44 28
Net (Decrease) Increase in Cash and Cash Equivalents (7,805) (3,058) 9,208
Cash and Cash Equivalents, Beginning of Year 24,035 27,093 17,885
Cash and Cash Equivalents, End of Year $ 16,230 $ 24,035 $ 27,093