XML 62 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2013
Cash flows from operating activities:      
Net income $ 114,610 $ 28,206 $ 37,610
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 149,123 140,601 132,688
Cost of real estate sales 32,190 37,400 32,076
Stock-based compensation expense 15,753 14,224 12,349
Deferred income taxes, net 12,968 6,219 (8,125)
Accretion Expense 5,596 5,544 985
Change in Fair Value of Contingent Consideration (3,650) 1,400 0
Gain (Loss) Related to Litigation Settlement (16,400) 0 0
Park City litigation payment to Talisker (10,000) 0 0
Gain on sale of real property (151) 0 (6,675)
Loss on extinguishment of debt 11,012 10,831 0
Payments on tender premium (8,636) (8,531) 0
Other non-cash income, net (6,930) (8,570) (8,093)
Changes in assets and liabilities:      
Restricted cash 162 (559) 1,647
Accounts receivable, net (15,350) (17,007) (11,715)
Inventories, net (1,304) 1,332 (105)
Accounts payable and accrued liabilities 4,498 20,724 19,774
Income taxes payable 41,783 12,198 21,717
Other assets and liabilities, net (21,614) 1,866 (1,710)
Net cash provided by operating activities 303,660 245,878 222,423
Cash flows from investing activities:      
Capital expenditures (123,884) (118,305) (94,946)
Acquisition of businesses (307,051) 0 (19,958)
Cash received from sale of real property 2,541 0 11,090
Other investing activities, net 1,326 399 (4,424)
Net cash used in investing activities (427,068) (117,906) (108,238)
Cash flows from financing activities:      
Payments on tender of 6.50% Notes (215,000) (175,000) 0
Payments on tender of Industrial Development Bonds (41,200) 0 0
Proceeds from borrowings under Credit Facility Term Loan 250,000 0 0
Proceeds from borrowings under Credit Facility Revolver 438,000 0 96,000
Payments on Credit Facility Revolver (253,000) 0 (96,000)
Payments of other long-term debt (1,022) (998) (1,011)
Dividends paid (75,506) (45,021) (28,362)
Other financing activities, net 12,979 (1,193) 7,583
Net cash used in financing activities 115,251 (222,212) (21,790)
Effect of exchange rate changes on cash and cash equivalents (790) 42 156
Net (decrease) increase in cash and cash equivalents (8,947) (94,198) 92,551
Cash and cash equivalents:      
Beginning of period 44,406 138,604 46,053
End of period 35,459 44,406 138,604
Cash paid for interest, net of amounts capitalized 46,483 57,217 34,222
Taxes paid (refunded), net (4,421) (6,787) 3,984
Capital Expenditures Incurred but Not yet Paid 6,267 12,254 12,775
Non-cash capital expenditures under long-term financing $ 7,037 $ 0 $ 0