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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 28, 2018
Apr. 29, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 132,882 $ 91,286
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 65,982 63,930
Share-based compensation 21,712 18,702
Loss on disposals of property and equipment 111 825
Gain associated with disposal of investments 699 0
Excess tax deficit from share-based payment arrangements 0 1,403
Restructuring and asset impairment 3,370 711
Goodwill impairment 7,872 0
Deferred income taxes (21,866) (160)
Change in accounting estimate (20,909) 0
Provision for doubtful accounts 8,805 4,847
Non-cash interest expense 594 79
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable (119,149) (61,820)
Inventories (165,049) (19,758)
Prepaid expenses and other assets 10,317 (9,135)
Accounts payable 6,396 79,023
Accrued expenses and other liabilities 14,465 (6,836)
Net cash (used in) provided by operating activities (55,166) 163,097
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (29,646) (40,004)
Purchase of businesses, net of cash acquired (29) (9,198)
Proceeds from disposals of property and equipment 47 34
Proceeds from disposal of investments 756 0
Long-term investment (3,397) (2,000)
Net cash used in investing activities (32,269) (51,168)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of long-term debt (9,043) (8,531)
Payments for Repurchase of Common Stock (22,237) 0
Proceeds from borrowings under revolving credit line 500,061 154,412
Repayments of borrowings under revolving credit line (394,671) (276,443)
Increase in bank overdraft 23,890 19,075
Proceeds from exercise of stock options 602 165
Payment of employee restricted stock tax withholdings (4,522) (1,295)
Excess tax deficit from share-based payment arrangements 0 (1,403)
Capitalized debt issuance costs 0 (180)
Net cash provided by (used in) financing activities 94,080 (114,200)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (301) (203)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,344 (2,474)
Cash and cash equivalents at beginning of period 15,414 18,593
Cash and cash equivalents at end of period 21,758 16,119
Supplemental disclosures of cash flow information:    
Cash paid for interest 12,368 13,188
Cash paid for federal and state income taxes, net of refunds $ 45,021 $ 58,199