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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2015
Operating activities:      
Net earnings $ 95,645 $ 80,110 $ 2,987
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 27,303 32,432 39,458
Non-cash portion of restructuring charges 0 0 4,164
Non-cash portion of stock-based compensation expense 9,495 8,154 4,471
Goodwill and Intangible Asset Impairment, Including Discontinued Operations 0 0 46,867
Loss on sales of businesses, net 0 0 426
Deferred income taxes (8,618) 2,085 (7,233)
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):      
Accounts receivable 766 8,159 1,317
Inventories (5,687) 4,833 (763)
Prepaid expenses and other assets 1,812 475 9,188
Accounts payable and accrued liabilities 22,255 3,928 (8,516)
Income taxes 1,061 (1,200) 982
Net cash provided by operating activities 144,032 138,976 93,348
Investing activities:      
Purchases of property, plant and equipment (15,167) (17,140) (26,673)
Sales of businesses, net of cash retained 0 0 6,111
Other (86) 1,724 6,197
Net cash used in investing activities (15,253) (15,416) (14,365)
Financing activities:      
Payment of dividends (41,880) (40,808) (40,976)
Proceeds from exercise of stock options 19,728 5,246 1,644
Purchase of treasury stock 0 (23,552) 0
Proceeds from borrowings on line of credit 180,320 96,276 83,382
Repayment of borrowing on line of credit (244,268) (91,759) (32,314)
Principal payments on debt (49,302) (42,514) (42,514)
Payments of Debt Issuance Costs 0 (803) 0
Income tax on equity-based compensation, and other (839) (1,662) (1,374)
Net cash used in financing activities (136,241) (99,576) (32,152)
Effect of exchange rate changes on cash and cash equivalents 178 2,752 (14,173)
Net (decrease) increase in cash and cash equivalents (7,284) 26,736 32,658
Cash and cash equivalents, beginning of period 141,228 114,492 81,834
Cash and cash equivalents, end of period 133,944 141,228 114,492
Cash paid during the period for:      
Interest 5,766 8,528 11,164
Income taxes $ 31,885 $ 28,497 $ 25,024