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Consolidated Balance Sheets - USD ($)
Jul. 31, 2020
Jul. 31, 2019
Current Assets    
Cash and cash equivalents $ 40,890,000 $ 21,862,000
Accounts receivable, less allowance of $1,078 and $644 in 2020 and 2019, respectively 34,911,000 35,459,000
Inventories, net 23,893,000 24,163,000
Prepaid repairs expense 5,662,000 4,708,000
Prepaid expenses and other assets 3,064,000 3,084,000
Total Current Assets 108,420,000 89,276,000
Property, Plant and Equipment    
Buildings and leasehold improvements 39,274,000 38,852,000
Machinery and equipment 152,583,000 145,402,000
Office furniture and equipment 21,502,000 20,569,000
Vehicles 17,863,000 15,375,000
Gross depreciable assets 231,222,000 220,198,000
Less accumulated depreciation and amortization (169,040,000) (159,036,000)
Net depreciable assets 62,182,000 61,162,000
Construction in progress 13,717,000 12,519,000
Land and mineral rights 17,049,000 17,117,000
Total Property, Plant and Equipment, Net 92,948,000 90,798,000
Other Assets    
Goodwill 9,262,000 9,262,000
Trademarks and patents, net of accumulated amortization of $457 and $299 in 2020 and 2019, respectively 1,566,000 1,599,000
Customer list, net of accumulated amortization of $6,887 and $6,297 in 2020 and 2019, respectively 898,000 1,488,000
Deferred income taxes 7,302,000 7,755,000
Operating lease right-of-use assets 9,816,000 0
Other 5,670,000 5,049,000
Total Other Assets 34,514,000 25,153,000
Total Assets 235,882,000 205,227,000
Current Liabilities    
Current maturities of notes payable 1,000,000 3,083,000
Accounts Payable 12,529,000 8,092,000
Dividends payable 1,808,000 1,761,000
Operating lease liabilities 2,170,000 0
Accrued expenses    
Salaries, wages and commissions 13,505,000 7,490,000
Trade promotions and advertising 2,349,000 1,588,000
Freight 1,313,000 2,635,000
Real estate tax 1,658,000 1,581,000
Other 9,875,000 6,376,000
Total Current Liabilities 46,207,000 32,606,000
Noncurrent Liabilities    
Notes payable, net of unamortized debt issuance costs of $150 and $31 in 2020 and 2019, respectively 8,848,000 3,052,000
Deferred compensation 5,140,000 6,014,000
Pension and postretirement benefits 15,140,000 23,721,000
Long-term operating lease liabilities 9,135,000 0
Other 3,448,000 4,288,000
Total Noncurrent Liabilities 41,711,000 37,075,000
Total Liabilities 87,918,000 69,681,000
Stockholders’ Equity    
Additional paid-in capital 44,993,000 41,300,000
Retained earnings 176,579,000 164,756,000
Noncontrolling interest (174,000) (14,000)
Accumulated Other Comprehensive Loss    
Pension and postretirement benefits (11,994,000) (14,891,000)
Cumulative translation adjustment (260,000) (148,000)
Total Accumulated Other Comprehensive Loss (12,254,000) (15,039,000)
Less treasury stock, at cost (3,090,230 Common and 335,816 Class B shares in 2020 and 2,926,547 Common and 324,741 Class B shares in 2019) (62,269,000) (56,543,000)
Total Stockholders’ Equity 147,964,000 135,546,000
Total Liabilities and Stockholders’ Equity 235,882,000 205,227,000
Common Stock    
Stockholders’ Equity    
Common Stock, par value $.10 845,000 828,000
Common Class B    
Stockholders’ Equity    
Common Stock, par value $.10 $ 244,000 $ 258,000