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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2014
Cash flows from operating activities:      
Net income $ 256,519 $ 199,385 $ 179,002
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 24,613 15,366 12,850
Amortization of intangibles 27,962 16,015 12,984
Amortization of debt issuance costs 131    
Impairment charges 9,113   710
Deferred income tax benefit (14,116) (7,292) (2,177)
Gain on disposal of bus business     (7,079)
Gain on disposition of property, plant & equipment (35) (91) (1,897)
Stock-based compensation 9,387 6,776 5,231
Excess tax benefits from stock-based awards (320) (135) (960)
Changes in assets and liabilities (excluding acquisitions and disposition):      
Accounts receivable (15,773) 41,324 (9,448)
Inventories (15,582) 14,750 (44,774)
Prepaid expenses and other assets 719 (3,000) (2,183)
Accounts payable 28,625 (26,632) 13,647
Accrued liabilities 26,016 (30) 7,706
Long-term liabilities and other 3,950 (8,576) (14,351)
Net cash provided by operating activities 341,209 247,860 149,261
Cash flows from investing activities:      
Purchases of property, plant & equipment (51,976) (42,283) (30,406)
Proceeds from dispositions of property, plant & equipment 347 381 8,699
Proceeds from dispositions of investments     700
Proceeds from notes receivable 8,367 1,400 6,425
Proceeds from sale of bus business     105,043
Acquisitions, net of cash acquired (557,651) (194,486) (86,092)
Other (560) 20 (1,441)
Net cash provided by (used in) investing activities (601,473) (234,968) 2,928
Cash flows from financing activities:      
Borrowings on revolving credit facility 360,000    
Payments of debt issuance costs (7,850)    
Cash dividends (62,970) (57,381) (49,024)
Special cash dividends     (53,290)
Purchase of treasury stock   (60,000)  
Payments related to vesting of stock-based awards (2,484) (1,562) (1,306)
Excess tax benefits from stock-based awards 320 135 960
Proceeds from issuance of common stock   141 3,206
Principal payments on capital lease obligations (328) (83)  
Net cash provided by (used in) financing activities 286,688 (118,750) (99,454)
Net increase (decrease) in cash and cash equivalents 26,424 (105,858) 52,735
Cash and cash equivalents, beginning of year 183,478 289,336 236,601
Cash and cash equivalents, end of year 209,902 183,478 289,336
Supplemental cash flow information:      
Income taxes paid 128,409 115,124 97,561
Interest paid 672 180 134
Non-cash transactions:      
Capital expenditures in accounts payable $ 3,538 $ 1,540 $ 768