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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Operating activities:    
Net earnings $ 18,703 $ 13,584
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,889 10,123
Non-cash portion of stock-based compensation expense 2,596 1,319
Non-cash portion of stock-based compensation expense 0 196
Loss on sale of business, net 0 426
Deferred income taxes 726 2,346
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):    
Accounts receivable (3,342) (3,916)
Inventories 1,368 (7,077)
Prepaid expenses and other assets (3,081) (2,999)
Accounts payable and accrued liabilities 2,402 2,897
Income taxes 2,109 1,705
Net cash provided by operating activities 30,370 18,604
Investing activities:    
Purchases of property, plant and equipment (2,334) (11,451)
Sale of business, net of cash retained 0 8,771
Other 1,539 592
Net cash used in investing activities (795) (2,088)
Financing activities:    
Payment of dividends (10,183) (10,191)
Proceeds from issuance of common stock 0 91
Purchase of treasury stock (16,160) 0
(Repayments) proceeds from borrowing on credit facilities (2,738) 33,286
Debt issuance costs (803) 0
Income tax on equity-based compensation, and other (1,007) (1,296)
Net cash (used in) provided by financing activities (30,891) 21,890
Effect of exchange rate changes on cash (2,566) (3,766)
Net (decrease) increase in cash and cash equivalents (3,882) 34,640
Cash and cash equivalents, beginning of period 114,492 81,834
Cash and cash equivalents, end of period 110,610 116,474
Cash paid during the period for:    
Interest 2,144 3,032
Income taxes, net of refunds $ 4,533 $ 7,323