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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 $ 13,613 $ 11,368 $ 8,356
Adjustments to reconcile net income to net cash provided by operating activites:      
Depreciation and amortization 12,192 11,994 10,396
Amortization of investment discounts (10) (1) (2)
Non-cash stock compensation expense 1,247 1,142 1,189
Excess tax benefits for share-based payments (194) (77) (86)
Deferred income taxes (8,114) (2,450) 284
Provision for bad debts and cash discounts 50 177 69
Loss on the sale of property, plant and equipment 331 191 452
Gain on sale of marketable securities 0 (105) 0
Life insurance benefits 0 (117) 0
(Increase) decrease in:      
Accounts receivable 942 (646) 82
Inventories (1,954) 3,114 (2,966)
Prepaid expenses 167 2,455 (1,988)
Other assets (3) (1,287) (817)
Increase (decrease) in:      
Accounts payable (931) 571 187
Accrued expenses 2,746 (697) (2,586)
Deferred compensation 986 251 698
Pension and postretirement benefits 4,171 814 2,887
Other liabilities (68) 279 141
Total Adjustments 11,558 15,608 7,940
Net Cash Provided by Operating Activities 25,171 26,976 16,296
Cash Flows from Investing Activities      
Capital expenditures (10,684) (15,859) (18,566)
Proceeds from sale of property, plant and equipment 261 22 180
Acquisition of business 0 0 (12,876)
Restricted cash 0 129 (129)
Purchases of short-term investments (45,198) (2,890) (10,391)
Dispositions of short-term investments 37,214 3,341 26,212
Proceeds from sale of marketable securities 0 108 0
Proceeds from life insurance 0 903 0
Net Cash Used in Investing Activities (18,407) (14,246) (15,570)
Cash Flows from Financing Activities      
Principal payments on notes payable (3,484) (3,500) (3,500)
Dividends paid (5,600) (5,247) (4,965)
Purchase of treasury stock (18) (122) (87)
Proceeds from issuance of treasury stock 370 0 82
Proceeds from issuance of common stock 96 49 12
Excess tax benefits for share-based payments 194 77 86
Net Cash Used in Financing Activities (8,442) (8,743) (8,372)
Effect of exchange rate changes on cash and cash equivalents 169 (79) (159)
Net (Decrease) Increase in Cash and Cash Equivalents (1,509) 3,908 (7,805)
Cash and Cash Equivalents, Beginning of Year 20,138 16,230 24,035
Cash and Cash Equivalents, End of Year 18,629 20,138 16,230
Cash paid for:      
Interest, net of amounts capitalized 622 826 1,078
Income taxes 6,693 2,339 3,022
Noncash investing and financing activities:      
Capital expenditures accrued, but not paid 761 223 712
Cash dividends declared and accrued, but not paid $ 1,477 $ 1,376 $ 1,311