STATEMENT OF CASH FLOWS SUPPLEMENTAL INFORMATION

12 Months Ended

Jul. 31, 2019

Supplemental Cash Flow Elements [Abstract]

STATEMENT OF CASH FLOWS SUPPLEMENTAL INFORMATION

The amount of cash, cash equivalents and restricted cash as of July 31, 2019 and 2018 in the consolidated statements of cash flows is reconciled to the Company's consolidated balance sheets as follows:



	July 31,
	2019		2018
	(In thousands)
Cash and cash equivalents	$	32,548	$	92,138
Funds held for clients	13,516		11,688
Cash, cash equivalents and restricted cash	$	46,064	$	103,826

Cash used for operating activities reflect cash payments for interest and income taxes as follows:



	Years Ended July 31,
	2019		2018
	(In thousands)
Cash paid for interest	$	38,525	$	24,642
Cash paid for income taxes	$	5,451	$	2,567

Cash paid for taxes can be higher than income tax expense as shown on the Company's consolidated statements of operations due to prepayments made in certain jurisdictions as well as to the timing of required payments in relation to recorded expense, which can cross fiscal years.

Non-cash Activities

Non-cash financing activities during the fiscal years ended July 31, 2019 and 2018 included the issuance of approximately 0.4 million and 6.7 million shares, respectively, of non-vested common stock, valued at approximately $0.7 million and $11.5 million, respectively, to certain employees and non-employees of the Company.