XML 37 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jan. 31, 2014
Jan. 31, 2013
Operating activities    
Net income $ 7,023 $ 7,663
Adjustments to reconcile net income to net cash provided by operating activities:    
Net loss from discontinued operations    1,865
Depreciation and amortization 7,955 7,000
Deferred income taxes 2,614 5,681
Provision for doubtful accounts receivable 548 1,786
Gain on proceeds from insurance (571) [1]    [1]
Interest in the equity of investments (852) (600)
Stock-based compensation 4,127 2,818
Change in assets and liabilities:    
Restricted cash and cash equivalents (14,437) (12,661)
Trade accounts receivable 3,465 13,311
Prepaid expenses, other current assets and other assets (2,119) 3,784
Trade accounts payable, accrued expenses, other current liabilities and other liabilities (23,300) (16,357)
Customer deposits 22,777 10,304
Income taxes payable 665 (572)
Deferred revenue 5,873 2,620
Net cash provided by operating activities 13,768 26,642
Investing activities    
Capital expenditures (7,847) (7,462)
Collection of notes receivable    750
Increase in investments    (1,069)
Proceeds from sale and redemption of investments 1,019 99
Proceeds from insurance 571   
Purchases of marketable securities (11,631)   
Proceeds from maturities and sales of marketable securities 10,094   
Net cash used in investing activities (7,794) (7,682)
Financing activities    
Dividends paid (5,754) (17,124)
Distributions to noncontrolling interests (626) (816)
Purchases of stock of subsidiary (1,133) (1,804)
Proceeds from exercise of stock options 528   
Proceeds from revolving credit loan payable 30,000   
Proceeds from sale of stock of subsidiary    145
Repayments of revolving credit loan payable and other borrowings (36,187) (118)
Repurchases of Class B common stock (955) (1,078)
Net cash used in financing activities (14,127) (20,795)
Discontinued operations    
Net cash used in operating activities    (1,114)
Effect of exchange rate changes on cash and cash equivalents (646) 2,079
Net decrease in cash and cash equivalents (8,799) (870)
Cash and cash equivalents (including discontinued operations) at beginning of period 146,960 151,504
Cash and cash equivalents (including discontinued operations) at end of period 138,161 150,634
Less cash and cash equivalents of discontinued operations at end of period    (2,204)
Cash and cash equivalents (excluding discontinued operations) at end of period 138,161 148,430
Supplemental schedule of non-cash investing and financing activities    
Adjustment to liabilities in connection with the Straight Path Spin-Off 1,624   
Escrow account overages included in other current assets used to reduce notes payable    $ 1,340
[1] (a) In the six months ended January 31, 2014, the Company received proceeds from insurance of $0.6 million related to water damage to portions of the Company's building and improvements at 520 Broad Street, Newark, New Jersey. The damage occurred in a prior period. The Company recorded a gain of $0.6 million from this insurance claim.