XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2022
Jan. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 2,556 $ 8,237
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,773 7,065
Non-cash stock-based compensation 1,453 1,290
Deferred income taxes 32 742
Provision for bad debts and cash discounts (59) (38)
Loss on the disposals of property, plant and equipment 265 12
(Increase) Decrease in assets:    
Accounts receivable (5,023) (3,798)
Inventories (6,236) 412
Prepaid expenses 846 (760)
Other assets 634 (266)
Increase (Decrease) in liabilities:    
Accounts payable 1,326 (3,901)
Accrued expenses (1,595) (5,201)
Deferred compensation 690 585
Pension and postretirement benefits (616) (437)
Other liabilities (985) (857)
Total Adjustments (2,495) (5,152)
Net Cash Provided by Operating Activities 61 3,085
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (10,574) (7,598)
Proceeds from sale of property, plant, and equipment 0 3
Net Cash Used in Investing Activities (10,574) (7,595)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of notes payable 25,000 0
Payments of debt issuance costs (114) 0
Dividends paid (3,728) (3,606)
Purchase of treasury stock (6,201) (2,189)
Net Cash Provided by (Used in) Financing Activities 14,957 (5,795)
Effect of exchange rate changes on Cash and Cash Equivalents (26) 123
Net Increase (Decrease) in Cash and Cash Equivalents 4,418 (10,182)
Cash and Cash Equivalents, Beginning of Period 24,591 40,890
Cash and Cash Equivalents, End of Period 29,009 30,708
Supplemental disclosure of non-cash investing and financing activities:    
Interest payments, net of amounts capitalized 178 198
Income tax payments 155 5,478
Capital expenditures accrued, but not paid 835 829
Cash dividends declared and accrued, but not paid $ 1,845 $ 1,799