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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2020
Apr. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 12,859 $ 8,777
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,399 9,849
Amortization of investment net discount 0 (10)
Stock-based compensation 2,549 1,590
Deferred income taxes 1,367 277
Provision for bad debts and cash discounts 704 (151)
Loss on the sale of fixed assets 102 4
Curtailment gain on SERP Plan (1,296) 0
(Increase) Decrease in assets:    
Accounts receivable (7,296) (2,185)
Inventories (72) (4,248)
Prepaid expenses 120 (201)
Other assets 816 (564)
Increase (Decrease) in liabilities:    
Accounts payable 3,859 2,873
Accrued expenses 4,612 (1,762)
Deferred compensation 129 (421)
Pension and postretirement benefits (5,482) 1,287
Other liabilities (1,101) 249
Total Adjustments 9,410 6,587
Net Cash Provided by Operating Activities 22,269 15,364
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (10,870) (10,162)
Proceeds from Sale of Property, Plant, and Equipment 112 0
Purchases of short-term investments 0 (4,678)
Dispositions of short-term investments 0 11,082
Net Cash Used in Investing Activities (10,758) (3,758)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes payable (3,082) (3,083)
Dividends paid (5,292) (4,967)
Purchase of treasury stock (4,620) (141)
Contributions from noncontrolling interests 142 0
Net Cash Used in Financing Activities (12,852) (8,191)
Effect of exchange rate changes on Cash and Cash Equivalents 27 52
Net (Decrease) Increase in Cash and Cash Equivalents (1,314) 3,467
Cash and Cash Equivalents, Beginning of Period 21,862 12,757
Cash and Cash Equivalents, End of Period 20,548 16,224
Supplemental disclosure of non-cash investing and financing activities:    
Capital expenditures accrued, but not paid 784 468
Cash dividends declared and accrued, but not paid $ 1,735 $ 1,689