XML 21 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2014
Operating activities:      
Net earnings (loss) $ 80,110 $ 2,987 $ (45,968)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 32,432 39,458 44,598
Non-cash portion of restructuring charges 0 4,164 566
Non-cash portion of stock-based compensation expense 8,154 4,471 5,214
Goodwill and Intangible Asset Impairment, Including Discontinued Operations 0 46,867 148,551
Loss on sales of businesses, net 0 426 1,238
Deferred income taxes 2,085 (7,233) (27,516)
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):      
Accounts receivable 8,159 1,317 (3,600)
Inventories 4,833 (763) (12,608)
Prepaid expenses and other assets 475 9,188 (278)
Accounts payable and accrued liabilities 3,928 (8,516) (20,508)
Income taxes (1,200) 982 3,731
Net cash provided by operating activities 138,976 93,348 93,420
Investing activities:      
Purchases of property, plant and equipment (17,140) (26,673) (43,398)
Sales of businesses, net of cash retained 0 6,111 54,242
Other 1,724 6,197 (637)
Net cash (used in) provided by investing activities (15,416) (14,365) 10,207
Financing activities:      
Payment of dividends (40,808) (40,976) (40,487)
Proceeds from issuance of common stock 5,246 1,644 12,113
Purchase of treasury stock (23,552) 0 (30,581)
Proceeds from borrowings on line of credit 96,276 83,382 73,334
Repayment of borrowing on line of credit (91,759) (32,314) (62,398)
Principal payments on debt (42,514) (42,514) (61,264)
Payments of Debt Issuance Costs (803) 0 0
Income tax on equity-based compensation, and other (1,662) (1,374) (6,104)
Net cash used in financing activities (99,576) (32,152) (115,387)
Effect of exchange rate changes on cash 2,752 (14,173) 2,536
Net increase (decrease) in cash and cash equivalents 26,736 32,658 (9,224)
Cash and cash equivalents, beginning of period 114,492 81,834 91,058
Cash and cash equivalents, end of period 141,228 114,492 81,834
Cash paid during the period for:      
Interest 8,528 11,164 14,594
Income taxes paid $ 28,497 $ 25,024 $ 33,043