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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Cash flows from operating activities:    
Net income $ 51,845 $ 13,953
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 25,914 10,467
Amortization of intangibles 24,293 12,591
Amortization of debt issuance costs 2,685 393
Foreign currency forward contract loss 0 42,555
Deferred income tax provision 2,318 (751)
(Gain) loss on disposition of property, plant and equipment 619 (30)
Stock-based compensation expense 5,013 4,530
Changes in assets and liabilities:    
Accounts receivable (65,307) (16,556)
Inventories (82,152) (27,437)
Prepaid income taxes, expenses and other 6,649 (17,011)
Accounts payable 19,639 (29,150)
Accrued liabilities (46,593) (10,218)
Long-term liabilities and other 3,080 830
Net cash used in operating activities (51,997) (15,834)
Cash flows from investing activities:    
Purchases of property, plant and equipment (31,220) (34,453)
Proceeds from dispositions of property, plant and equipment 18,951 61
Other (1,534) 0
Net cash used in investing activities (13,803) (34,392)
Cash flows from financing activities:    
Borrowings on revolving asset-based credit facilities 41,569 0
Principal payments on term-loan credit facilities (140,181) 0
Principal payments on revolving asset-based credit facilities (5,577) 0
Principal payments on other debt (3,001) 0
Principal payments on finance lease obligations (107)  
Principal payments on capital lease obligations   (102)
Short-term financing and other (7,477) 0
Net cash used in financing activities (114,774) (102)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (206) 0
Net decrease in cash and cash equivalents and restricted cash (180,780) (50,328)
Cash and cash equivalents and restricted cash, beginning of period 451,262 275,249
Cash and cash equivalents and restricted cash, end of period 270,482 224,921
Less: restricted cash 38,704 0
Cash and cash equivalents, end of period 231,778 224,921
Supplemental cash flow information:    
Income taxes paid 24,512 45,203
Interest paid 25,592 458
Non-cash investing and financing transactions:    
Capital expenditures in accounts payable 3,137 3,063
Regular quarterly dividends payable $ 22,080 $ 20,595