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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2015
Oct. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 5,423 $ 2,120
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,939 2,920
Amortization of investment net discount 0 (1)
Non-cash stock compensation expense 332 308
Excess tax benefits for share-based payments (17) (10)
Deferred income taxes 109 72
Provision for bad debts and cash discounts (22) 44
Loss on the sale of fixed assets 23 33
Gain on sale of marketable securities 0 (105)
(Increase) Decrease in assets:    
Accounts receivable (414) (940)
Inventories (126) 151
Prepaid expenses (862) 1,308
Other assets (47) (1,173)
Increase (Decrease) in liabilities:    
Accounts payable 387 (1,632)
Accrued expenses 33 (2,000)
Deferred compensation 86 261
Pension and postretirement benefits 432 357
Other liabilities 240 35
Total Adjustments 3,093 (372)
Net Cash Provided by Operating Activities 8,516 1,748
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,765) (5,717)
Proceeds from sale of property, plant and equipment 0 15
Restricted cash 0 29
Purchases of short-term investments (1,690) (700)
Dispositions of short-term investments 490 1,440
Proceeds from sale of marketable securities 0 108
Net Cash Used in Investing Activities (2,965) (4,825)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes payable (3,484) (3,500)
Dividends paid (1,377) (1,311)
Purchase of treasury stock (18) 0
Proceeds from issuance of common stock 185 15
Excess tax benefits for share-based payments 17 10
Net Cash Used in Financing Activities (4,677) (4,786)
Effect of exchange rate changes on cash and cash equivalents (1) 39
Net Increase (Decrease) in Cash and Cash Equivalents 873 (7,824)
Cash and Cash Equivalents, Beginning of Period 20,138 16,230
Cash and Cash Equivalents, End of Period 21,011 8,406
Supplemental disclosure of non-cash investing activities:    
Capital expenditures accrued, but not paid 192 903
Cash dividends declared and accrued, but not paid $ 1,406 $ 1,313