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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash Flows from Operating Activities    
Net Income $ 29,483 $ 5,612
Adjustments to reconcile net income to net cash provided by operating activites:    
Depreciation and amortization 15,528 13,474
Non-cash stock compensation expense 3,147 2,741
Loss on pension termination 4,652 0
Provision for deferred income taxes (4,431) (2,296)
Provision for bad debts and cash discounts 284 (227)
Loss on impairment of goodwill 0 5,644
Loss on impairment of patent applications 61 323
Loss on impairment of Fixed Assets 914 0
Accretion for asset retirement obligation 161 145
Loss on the disposals of property, plant and equipment 130 334
(Increase) decrease in:    
Accounts receivable (7,899) (10,654)
Inventories (2,204) (13,087)
Prepaid expenses 1,082 372
Deferred income taxes 510 715
Other assets 59 1,607
Increase (decrease) in:    
Accounts payable 3,241 5,002
Accrued expenses 6,455 4,702
Deferred compensation (47) 189
Pension and postretirement benefits (1,085) (1,938)
Other liabilities (277) (3,641)
Total Adjustments 20,281 3,405
Net Cash Provided by Operating Activities 49,764 9,017
Cash Flows from Investing Activities    
Capital expenditures (24,368) (22,010)
Proceeds from sale of property, plant and equipment 70 21
Acquisition of equity in Agromex (269) 0
Net Cash Used in Investing Activities (24,567) (21,989)
Cash Flows from Financing Activities    
Proceeds from issuance of notes payable 0 25,000
Principal payments on notes payable (1,000) (1,000)
Payments of Debt Issuance Costs (7) (114)
Dividends paid (7,433) (7,377)
Purchase of treasury stock (1,078) (11,806)
Net Cash (Used in) Provided by Financing Activities (9,518) 4,703
Effect of exchange rate changes on cash and cash equivalents (223) (24)
Net Increase (Decrease) in Cash and Cash Equivalents 15,456 (8,293)
Cash and Cash Equivalents, Beginning of Year 16,298 24,591
Cash and Cash Equivalents, End of Year 31,754 16,298
Other cash flows:    
Interest payments, net of amounts capitalized 1,135 767
Income tax payments (refunds) 7,367 (178)
Noncash investing and financing activities:    
Capital expenditures accrued, but not paid 4,279 3,558
Cash dividends declared and accrued, but not paid $ 1,927 $ 1,851