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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Cash flows from operating activities:    
Net income $ 173,747 $ 130,418
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 17,451 10,442
Amortization of intangible assets 17,662 11,606
Impairment charges 9,113  
Deferred income tax provision (1,379) (2,787)
(Gain) loss on disposition of property, plant and equipment 20 (81)
Stock-based compensation expense 6,991 5,047
Excess tax benefits from stock-based awards (291) (114)
Changes in assets and liabilities (excluding acquisitions):    
Accounts receivable (112,112) (69,373)
Inventories (29,137) (27,541)
Prepaid income taxes, expenses and other (2,010) (4,466)
Accounts payable 35,084 30,136
Accrued liabilities 28,523 10,549
Other liabilities 1,246 (2,442)
Net cash provided by operating activities 144,908 91,394
Cash flows from investing activities:    
Purchases of property, plant and equipment (39,411) (29,014)
Proceeds from dispositions of property, plant and equipment 236 91
Proceeds from notes receivable 8,367 1,400
Acquisitions, net of cash acquired   (49,265)
Other (613) 20
Net cash used in investing activities (31,421) (76,768)
Cash flows from financing activities:    
Regular cash dividends paid (47,227) (43,237)
Principal payments on capital lease obligations (248)  
Excess tax benefits from stock-based awards 291 114
Proceeds from issuance of common stock   141
Payments related to vesting of stock-based awards (2,484) (1,562)
Net cash used in financing activities (49,668) (44,544)
Net increase (decrease) in cash and cash equivalents 63,819 (29,918)
Cash and cash equivalents, beginning of period 183,478 289,336
Cash and cash equivalents, end of period 247,297 259,418
Supplemental cash flow information:    
Income taxes paid 85,702 74,062
Interest paid 508 1
Non-cash transactions:    
Capital expenditures in accounts payable $ 963 $ 625