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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2023
Oct. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 10,742 $ 5,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,368 3,523
Non-cash stock-based compensation 1,108 794
Deferred income taxes 174 168
Provision for bad debts and cash discounts 28 55
Accretion of Asset Retirement Obligation 53 40
Impairment of Goodwill 0 0
Loss on the disposals of property, plant and equipment 26 54
(Increase) Decrease in assets:    
Accounts receivable (1,487) (1,622)
Inventories (1,374) (5,202)
Prepaid expenses 154 59
Other assets 341 443
Increase (Decrease) in liabilities:    
Accounts payable (1,289) 1,854
Accrued expenses (4,365) (1,601)
Deferred compensation 512 (400)
Other liabilities (427) (581)
Total Adjustments (2,178) (2,416)
Net Cash Provided by Operating Activities 8,564 2,814
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (8,064) (6,737)
Net Cash Used in Investing Activities (8,064) (6,737)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (1,927) (1,851)
Purchase of treasury stock (872) (92)
Net Cash Used in Financing Activities (2,799) (1,943)
Effect of exchange rate changes on Cash and Cash Equivalents 124 38
Net Decrease in Cash and Cash Equivalents (2,175) (5,828)
Cash and Cash Equivalents, Beginning of Period 31,754 16,298
Cash and Cash Equivalents, End of Period 29,579 10,470
Supplemental disclosure of non-cash investing and financing activities:    
Income tax payments (refunds) 12 (87)
Capital expenditures accrued, but not paid 3,532 1,381
Cash dividends declared and accrued, but not paid $ 1,953 $ 1,860