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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Operating activities:    
Net Income $ 101,632 $ 84,684
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,240 17,731
Stock-based compensation expense 8,003 7,180
Deferred income taxes (3,957) (309)
Impairment charges 0 13,821
Equity in losses of unconsolidated affiliate 760 0
Other (1,186) 1,698
Changes in operating assets and liabilities:    
Accounts receivable (13,247) 9,019
Inventories 15,210 (7,439)
Prepaid expenses and other assets (2,584) (5,653)
Accounts payable and accrued liabilities 39,244 (26,609)
Income taxes (6,207) 1,790
Net cash provided by operating activities 154,908 95,913
Investing activities:    
Purchases of property, plant and equipment (21,411) (21,616)
Other 2,567 (4,419)
Net cash used in investing activities (18,844) (26,035)
Financing activities:    
Payment of dividends (34,290) (34,447)
Proceeds from exercise of stock options 1,612 5,212
Payments for employee taxes withheld from stock-based awards (2,772) (7,832)
Purchase of treasury stock (3,593) (64,113)
Other (231) 133
Net cash used in financing activities (39,274) (101,047)
Effect of exchange rate changes on cash 7,368 (9,023)
Net increase (decrease) in cash and cash equivalents 104,158 (40,192)
Cash and cash equivalents, beginning of period 217,643 279,072
Cash and cash equivalents, end of period $ 321,801 $ 238,880