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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2013
Cash flows from operating activities:      
Net income $ 199,385 $ 179,002 $ 152,862
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 15,366 12,850 13,950
Amortization of intangibles 16,015 12,984 11,037
Impairment charges   710 13,525
Deferred income tax benefit (7,292) (2,177) (9,904)
Gain on disposal of bus business   (7,079)  
Gain on disposition of property, plant & equipment (91) (1,897) (47)
Stock-based compensation 6,776 5,231 2,816
Excess tax benefits from stock-based awards (135) (960) (740)
Changes in assets and liabilities (excluding acquisitions and disposition):      
Accounts receivable 41,324 (9,448) (46,615)
Inventories 14,750 (44,774) (37,037)
Prepaid expenses and other assets (3,000) (2,183) (1,127)
Accounts payable (26,632) 13,647 15,449
Accrued liabilities (30) 7,706 32,318
Long-term liabilities and other (8,576) (14,351) (1,421)
Net cash provided by operating activities 247,860 149,261 145,066
Cash flows from investing activities:      
Purchases of property, plant & equipment (42,283) (30,406) (24,305)
Proceeds from dispositions of property, plant & equipment 381 8,699 361
Proceeds from dispositions of investments   700 800
Proceeds from notes receivable 1,400 6,425 7,000
Proceeds from sale of bus business   105,043  
Acquisitions, net of cash acquired (194,486) (86,092) (10,718)
Proceeds from disposition of ambulance net assets     12,051
Other 20 (1,441) 815
Net cash provided by (used in) investing activities (234,968) 2,928 (13,996)
Cash flows from financing activities:      
Cash dividends (57,381) (49,024) (38,162)
Special cash dividends   (53,290) (79,525)
Purchase of treasury stock (60,000)    
Shares repurchased related to cashless exercise of stock options     (2,009)
Payments related to vesting of stock-based awards (1,562) (1,306)  
Excess tax benefits from stock-based awards 135 960 740
Proceeds from issuance of common stock 141 3,206 5,845
Principal payments on capital lease obligations (83)    
Net cash used in financing activities (118,750) (99,454) (113,111)
Net increase (decrease) in cash and cash equivalents (105,858) 52,735 17,959
Cash and cash equivalents, beginning of year 289,336 236,601 218,642
Cash and cash equivalents, end of year 183,478 289,336 236,601
Supplemental cash flow information:      
Income taxes paid 115,124 97,561 75,561
Interest paid 180 134 411
Non-cash transactions:      
Capital expenditures in accounts payable $ 1,540 $ 768 $ 736