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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2010
Cash Flows from Operating Activities      
Net Income $ 6,098 $ 9,051 $ 9,458
Adjustments to reconcile net income to net cash provided by operating activites:      
Depreciation and amortization 9,272 8,473 7,371
Amortization of investment discounts 15 30 (9)
Non-cash stock compensation expense 727 641 340
Excess tax benefits for share-based payments (92) (342) (383)
Deferred income taxes (2,568) 3,515 (1,763)
Provision for bad debts 32 36 (62)
Loss on the sale of property, plant and equipment 445 168 45
Capacity rationalization charges 1,623 0 0
(Increase) decrease in:      
Accounts receivable (1,026) (2,075) 1,884
Inventories (456) (3,207) 1,772
Prepaid expenses 1,878 (2,954) 505
Other assets (510) (110) 466
Increase (decrease) in:      
Accounts payable 456 275 1,702
Accrued expenses 1,622 (1,384) 2,496
Deferred compensation 921 378 926
Pension and postretirement benefits 4,730 672 1,341
Other liabilities 172 (59) 127
Total Adjustments 17,241 4,057 16,758
Net Cash Provided by Operating Activities 23,339 13,108 26,216
Cash Flows from Investing Activities      
Capital expenditures (6,960) (13,806) (10,413)
Proceeds from sale of property, plant and equipment 31 149 375
Purchases of investment in short-term securities (17,601) (60,083) (21,852)
Dispositions of investment in short-term securities 24,260 50,075 24,000
Net Cash Used in Investing Activities (270) (23,665) (7,890)
Cash Flows from Financing Activities      
Proceeds from issuance of notes payable 0 18,500 0
Principal payments on notes payable (3,600) (3,500) (3,200)
Dividends paid (4,486) (4,218) (3,992)
Purchase of treasury stock (6,247) (2,474) (5,988)
Proceeds from issuance of treasury stock 31 221 103
Proceeds from issuance of common stock 321 914 1,258
Excess tax benefits for share-based payments 92 342 383
Net Cash (Used in) Provided by Financing Activities (13,889) 9,785 (11,436)
Effect of exchange rate changes on cash and cash equivalents 28 (105) 33
Net Increase (Decrease) in Cash and Cash Equivalents 9,208 (877) 6,923
Cash and Cash Equivalents, Beginning of Year 17,885 18,762 11,839
Cash and Cash Equivalents, End of Year $ 27,093 $ 17,885 $ 18,762