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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2009
Cash flows from operating activities:      
Net income $ 67,895,000 $ 60,630,000 $ 47,525,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property, plant and equipment 14,253,000 11,773,000 12,503,000
Amortization of acquired in-process research and development 0 0 6,200,000
Amortization of intangible assets with finite lives 8,091,000 7,294,000 7,592,000
Amortization of stock-based compensation 5,357,000 8,716,000 9,576,000
Amortization of fair value inventory step-up 0 0 1,520,000
Impairment of goodwill 0 13,249,000 0
Deferred financing costs 1,391,000 1,386,000 3,784,000
Loss on disposal of property, plant and equipment 7,000 116,000 62,000
Provision for (benefit from) allowance for doubtful accounts 244,000 219,000 (864,000)
Provision for excess and obsolete inventory 4,091,000 7,744,000 5,692,000
Excess income tax benefit from stock-based award exercises (225,000) (250,000) (2,530,000)
Deferred income tax expense (benefit) 761,000 (7,311,000) (1,354,000)
Changes in assets and liabilities, net of effects of acquisitions and sale of certain assets and liabilities:      
Accounts receivable 64,795,000 (56,582,000) 13,319,000
Inventories (5,224,000) 12,015,000 13,395,000
Prepaid expenses and other current assets 1,606,000 4,789,000 (7,175,000)
Other assets 737,000 (1,340,000) 72,000
Accounts payable (54,343,000) 58,611,000 (17,862,000)
Accrued expenses and other current liabilities (4,866,000) 484,000 (11,356,000)
Customer advances and deposits (1,927,000) (6,684,000) 1,071,000
Other liabilities 789,000 235,000 283,000
Interest payable 0 113,000 368,000
Income taxes payable (6,072,000) 9,313,000 6,714,000
Net cash provided by operating activities 97,360,000 124,520,000 88,535,000
Cash flows from investing activities:      
Purchases of property, plant and equipment (7,138,000) (7,402,000) (13,487,000)
Purchases of other intangibles with finite lives (50,000) (113,000) (100,000)
Proceeds from sale of certain assets and liabilities 0 2,038,000 0
Payments for business acquisitions, net of cash acquired (2,850,000) 0 (205,360,000)
Net cash used in investing activities (10,038,000) (5,477,000) (218,947,000)
Cash flows from financing activities:      
Repurchases of common stock (119,617,000) 0 0
Cash dividends paid (20,135,000) 0 0
Proceeds from exercises of stock options 2,838,000 1,671,000 8,284,000
Proceeds from issuance of employee stock purchase plan shares 1,140,000 1,306,000 1,306,000
Excess income tax benefit from stock-based award exercises 225,000 250,000 2,530,000
Payment of contingent consideration related to business acquisition (24,000) 0 0
Principal payments on other obligations 0 0 (108,000)
Origination fees associated with line of credit (539,000) (8,000) (876,000)
(Transaction costs) net proceeds related to issuance of convertible senior notes 0 (118,000) 194,659,000
Net cash (used in) provided by financing activities (136,112,000) 3,101,000 205,795,000
Net (decrease) increase in cash and cash equivalents (48,790,000) 122,144,000 75,383,000
Cash and cash equivalents at beginning of period 607,594,000 485,450,000 410,067,000
Cash and cash equivalents at end of period 558,804,000 607,594,000 485,450,000
Cash paid during the period for:      
Interest 6,407,000 6,219,000 2,109,000
Income taxes 39,498,000 35,107,000 20,787,000
Non-cash investing and financing activities:      
Accrued business acquisition payments 4,170,000 1,350,000 0
Cash dividends declared 6,100,000 0 0
Accrued repurchases of common stock 2,001,000 0 0
Common stock issued in exchange for 2.0% convertible senior notes $ 0 $ 0 $ 105,000,000