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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2015
Cash Flows from Operating Activities      
Net Income $ 10,792 $ 13,613 $ 11,368
Adjustments to reconcile net income to net cash provided by operating activites:      
Depreciation and amortization 12,772 12,192 11,994
Amortization of investment discounts (47) (10) (1)
Non-cash stock compensation expense 1,507 1,247 1,142
Excess tax benefits for share-based payments (424) (194) (77)
Deferred income taxes 2,408 (8,114) (2,450)
Provision for bad debts and cash discounts (13) 50 177
Loss on the sale of property, plant and equipment 326 331 191
Gain on sale of marketable securities 0 0 (105)
Life insurance benefits 0 0 (117)
(Increase) decrease in:      
Accounts receivable (2,331) 942 (646)
Inventories 666 (1,954) 3,114
Prepaid expenses (1,248) 167 2,455
Other assets (694) (3) (1,287)
Increase (decrease) in:      
Accounts payable 2,423 (931) 571
Accrued expenses (845) 2,746 (697)
Deferred compensation 1,033 986 251
Pension and postretirement benefits 209 4,171 814
Other liabilities 415 (68) 279
Total Adjustments 16,157 11,558 15,608
Net Cash Provided by Operating Activities 26,949 25,171 26,976
Cash Flows from Investing Activities      
Capital expenditures (14,763) (10,684) (15,859)
Proceeds from sale of property, plant and equipment 64 261 22
Increase (Decrease) in Restricted Cash 0 0 (129)
Purchases of short-term investments (47,531) (45,198) (2,890)
Dispositions of short-term investments 34,186 37,214 3,341
Proceeds from sale of marketable securities 0 0 108
Proceeds from life insurance 0 0 903
Net Cash Used in Investing Activities (28,044) (18,407) (14,246)
Cash Flows from Financing Activities      
Principal payments on notes payable (3,083) (3,484) (3,500)
Dividends paid (5,926) (5,600) (5,247)
Purchase of treasury stock (135) (18) (122)
Proceeds from issuance of treasury stock 0 370 0
Proceeds from issuance of common stock 170 96 49
Excess tax benefits for share-based payments 424 194 77
Net Cash Used in Financing Activities (8,550) (8,442) (8,743)
Effect of exchange rate changes on cash and cash equivalents 111 169 (79)
Net (Decrease) Increase in Cash and Cash Equivalents (9,534) (1,509) 3,908
Cash and Cash Equivalents, Beginning of Year 18,629 20,138 16,230
Cash and Cash Equivalents, End of Year 9,095 18,629 20,138
Cash paid for:      
Interest, net of amounts capitalized 484 622 826
Income taxes 3,176 6,693 2,339
Noncash investing and financing activities:      
Capital expenditures accrued, but not paid 1,557 761 223
Cash dividends declared and accrued, but not paid $ 1,553 $ 1,477 $ 1,376