XML 23 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2020
Oct. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 3,949 $ 3,460
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,504 3,469
Stock-based compensation 784 969
Deferred income taxes 714 (31)
Provision for bad debts and cash discounts (60) 189
(Gain) Loss on the sale of fixed assets (1) 40
(Increase) Decrease in assets:    
Accounts receivable (4,196) (980)
Inventories 462 371
Prepaid expenses 458 1,578
Other assets (985) 316
Increase (Decrease) in liabilities:    
Accounts payable (1,435) 835
Accrued expenses (8,106) (3,812)
Deferred compensation 170 141
Pension and postretirement benefits 172 621
Other liabilities 1,135 (474)
Total Adjustments (7,384) 3,232
Net Cash (Used in) Provided by Operating Activities (3,435) 6,692
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (3,568) (3,900)
Proceeds from sale of property, plant, and equipment 3 0
Net Cash Used in Investing Activities (3,565) (3,900)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes payable 0 (3,083)
Dividends paid (1,803) (1,761)
Purchase of treasury stock (978) (500)
Net Cash Used in Financing Activities (2,781) (5,344)
Effect of exchange rate changes on Cash and Cash Equivalents 182 (50)
Net Decrease in Cash and Cash Equivalents (9,599) (2,602)
Cash and Cash Equivalents, Beginning of Period 40,890 21,862
Cash and Cash Equivalents, End of Period 31,291 19,260
Supplemental disclosure of non-cash investing and financing activities:    
Capital expenditures accrued, but not paid 858 1,043
Cash dividends declared and accrued, but not paid $ 1,807 $ 1,766