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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Cash flows from operating activities:    
Net income $ 254,790 $ 173,747
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 25,588 17,451
Amortization of intangible assets 48,710 17,662
Amortization of debt issuance costs 1,177  
Impairment charges   9,113
Deferred income tax benefit (9,261) (1,379)
(Gain) loss on disposition of property, plant and equipment (2,246) 20
Stock-based compensation expense 9,058 6,991
Excess tax benefits from stock-based awards   (291)
Changes in assets and liabilities (excluding acquisitions):    
Accounts receivable (223,186) (112,112)
Inventories (55,799) (29,137)
Prepaid income taxes, expenses and other (4,612) (2,010)
Accounts payable 85,651 35,084
Accrued liabilities 46,604 28,523
Other liabilities 6,360 1,246
Net cash provided by operating activities 182,834 144,908
Cash flows from investing activities:    
Purchases of property, plant and equipment (79,456) (39,411)
Proceeds from dispositions of property, plant and equipment 4,630 236
Proceeds from notes receivable   8,367
Acquisitions (5,039)  
Other (1,581) (613)
Net cash used in investing activities (81,446) (31,421)
Cash flows from financing activities:    
Principal payments on revolving credit facility (65,000)  
Regular cash dividends paid (52,057) (47,227)
Principal payments on capital lease obligations (250) (248)
Excess tax benefits from stock-based awards   291
Payments related to vesting of stock-based awards (4,572) (2,484)
Net cash used in financing activities (121,879) (49,668)
Net increase (decrease) in cash and cash equivalents (20,491) 63,819
Cash and cash equivalents, beginning of period 209,902 183,478
Cash and cash equivalents, end of period 189,411 247,297
Supplemental cash flow information:    
Income taxes paid 130,802 85,702
Interest paid 6,652 508
Non-cash transactions:    
Capital expenditures in accounts payable $ 2,605 $ 963