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STATEMENT OF CASH FLOWS SUPPLEMENTAL INFORMATION
12 Months Ended
Jul. 31, 2020
Supplemental Cash Flow Elements [Abstract]  
STATEMENT OF CASH FLOWS SUPPLEMENTAL INFORMATION
STATEMENT OF CASH FLOWS SUPPLEMENTAL INFORMATION

The amount of cash, cash equivalents and restricted cash as of July 31, 2020 and 2019 in the consolidated statements of cash flows is reconciled to the Company's consolidated balance sheets as follows:
 
July 31,
 
2020
 
2019
 
(In thousands)
Cash and cash equivalents
$
75,887

 
$
32,548

Funds held for clients
18,755

 
13,516

Cash, cash equivalents and restricted cash
$
94,642

 
$
46,064



Cash used for operating activities reflect cash payments for interest and income taxes as follows:
 
Fiscal Year Ended
July 31,
 
2020
 
2019
 
(In thousands)
Cash paid for interest
$
32,799

 
$
38,525

Cash paid for income taxes
$
4,991

 
$
5,451



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, 2020 and 2019 included the issuance of approximately 1.0 million and 0.4 million shares, respectively, of non-vested common stock, valued at approximately $1.0 million and $0.7 million, respectively, to certain employees and non-employees of the Company.