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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2020
Operating activities:      
Net income $ 149,979 $ 129,659 $ 112,369
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 34,182 25,483 23,437
Stock-based compensation expense 10,504 10,098 8,843
Deferred income tax (benefit) expense, total company (1,645) (8,965) (764)
Impairment charges 0 0 13,821
Equity in losses of unconsolidated affiliate 0 5,754 246
Other 1,197 (831) 2,611
Changes in operating assets and liabilities (net of effects of business acquisitions):      
Accounts receivable (25,330) (12,614) 13,902
Inventories (62,907) 7,298 (13,917)
Prepaid expenses and other assets 807 (4,498) 4,477
Accounts payable and accrued liabilities 6,826 58,283 (26,128)
Income taxes 4,836 (4,002) 2,080
Net cash provided by operating activities 118,449 205,665 140,977
Investing activities:      
Purchases of property, plant and equipment (43,138) (27,189) (27,277)
Acquisition of businesses, net of cash acquired 0 (243,983) 0
Other 67 2,580 (8,842)
Net cash used in investing activities (43,071) (268,592) (36,119)
Financing activities:      
Payment of dividends (45,931) (45,746) (45,756)
Proceeds from exercise of stock options 1,082 1,765 5,511
Payments for employee taxes withheld from stock-based awards (5,127) (2,783) (9,065)
Purchase of treasury stock (109,229) (3,593) (64,514)
Proceeds from borrowing on credit facilities 243,716 101,957 20,697
Repayments of Lines of Credit 186,716 63,957 21,855
Principal payments on debt 0 0 (48,672)
Other 116 33 134
Net cash used in financing activities (102,089) (12,324) (163,520)
Effect of exchange rate changes on cash and cash equivalents (6,555) 4,943 (2,767)
Net decrease in cash and cash equivalents (33,266) (70,308) (61,429)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 147,335 217,643 279,072
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance 114,069 147,335 217,643
Supplemental Cash Flow Information      
Interest 1,082 373 2,401
Income taxes $ 33,834 $ 46,852 $ 29,600