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Consolidated Condensed Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Apr. 30, 2011
Apr. 30, 2010
Cash flows from operating activities:    
Net income $ 88,337 $ 77,959
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 88,945 82,768
Cost of real estate sales 159,993 2,477
Stock-based compensation expense 9,338 8,979
Deferred income taxes, net 54,140 38,397
Gain on sale of real property   (6,087)
Asset impairment charge 2,561  
Loss on extinguishment of debt 6,615  
Other non-cash income, net (6,156) (5,707)
Changes in assets and liabilities:    
Restricted cash (988) (761)
Trade receivables, net 10,228 23,030
Inventories, net 4,876 6,278
Investments in real estate (24,191) (145,829)
Accounts payable and accrued liabilities (63,496) (35,932)
Deferred real estate deposits (30,510) 1,243
Private club deferred initiation fees and deposits 4,242 1,616
Other assets and liabilities, net (12,589) 8,280
Net cash provided by operating activities 291,345 56,711
Cash flows from investing activities:    
Capital expenditures (73,569) (48,801)
Acquisition of business (60,528)  
Cash received from sale of real property   8,920
Other investing activities, net (365) (7,915)
Net cash used in investing activities (134,462) (47,796)
Cash flows from financing activities:    
Proceeds from borrowings under the 6.50% Notes 390,000  
Payments of tender of 6.75% Notes (346,063)  
Payment of financing costs (8,123)  
Proceeds from borrowings under other long-term debt 189,000 85,962
Payments of other long-term debt (226,705) (86,246)
Acquisition of noncontrolling interest   (31,000)
Other financing activities, net (1,141) 4,218
Net cash used in financing activities (3,032) (27,066)
Net increase (decrease) in cash and cash equivalents 153,851 (18,151)
Cash and cash equivalents:    
Beginning of period 14,745 69,298
End of period $ 168,596 $ 51,147