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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Operating activities:    
Net income $ 90,869 $ 77,427
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,008 17,117
Stock-based compensation expense 5,263 4,381
Deferred income taxes (3,640) (5,234)
Other 947 (908)
Changes in operating assets and liabilities:    
Accounts receivable (5,030) 280
Inventories 10,078 (1,287)
Prepaid expenses and other assets (1,187) (3,502)
Accounts payable and accrued liabilities (9,754) (29,156)
Income taxes (4,203) (1,734)
Net cash provided by operating activities 98,351 57,384
Investing activities:    
Purchases of property, plant and equipment (60,832) (8,167)
Other 0 11
Net cash used in investing activities (60,832) (8,156)
Financing activities:    
Payment of dividends (22,694) (22,793)
Proceeds from exercise of stock options 5,366 2,688
Payments for employee taxes withheld from stock-based awards (2,362) (1,509)
Purchase of treasury stock (21,797) (17,861)
Proceeds from borrowing on credit agreement 69,145 71,036
Repayment of borrowing on credit agreement (70,771) (88,755)
Other 149 66
Net cash used in financing activities (42,964) (57,128)
Effect of exchange rate changes on cash and cash equivalents (2,227) 2,041
Net decrease in cash and cash equivalents (7,672) (5,859)
Cash and cash equivalents, beginning of period 151,532 114,069
Cash and cash equivalents, end of period $ 143,860 $ 108,210