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Consolidated Statements Of Cash Flows (USD $)
In Thousands
12 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2009
Cash flows from operating activities:      
Net income $ 34,422 $ 35,775 $ 50,552
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 117,957 110,638 107,213
Cost of real estate sales 168,267 42,821 103,893
Stock-based compensation expense 12,493 11,843 10,741
Deferred income taxes, net 32,194 (4,427) 30,767
Gain on sale of real property   (6,087)  
Asset impairment charge 2,561    
Loss on extinguishment of debt 7,372    
Other non-cash income, net (8,571) (7,533) (5,300)
Changes in assets and liabilities:      
Restricted cash (424) (769) 47,372
Accounts receivable, net (1,638) 5,687 (7,833)
Inventories, net (2,758) 652 761
Investments in real estate (24,920) (166,446) (161,608)
Accounts payable and accrued liabilities (23,223) (12,547) (19,568)
Income taxes payable (12,495) 26,625 (27,297)
Deferred real estate deposits (32,139) (11,573) (46,011)
Private club deferred initiation fees and deposits 5,996 2,399 41,591
Other assets and liabilities, net (7,807) 8,892 9,003
Net cash provided by operating activities 267,287 35,950 134,276
Cash flows from investing activities:      
Capital expenditures (95,640) (68,957) (106,491)
Acquisition of businesses (62,344) (15,870) (38,170)
Cash received from sale of real property   8,920  
Other investing activities, net (204) (7,645) 36
Net cash used in investing activities (158,188) (83,552) (144,625)
Cash flows from financing activities:      
Proceeds from borrowings under the 6.50% Notes 390,000    
Payments of tender of 6.75% Notes (390,000)    
Payment of financing costs (12,400)    
Acquisition of noncontrolling interest   (31,000)  
Repurchases of common stock   (14,999) (22,367)
Proceeds from borrowings under non-recourse real estate financings     9,013
Payments of non-recourse real estate financings     (58,407)
Proceeds from borrowings under other long-term debt 189,000 140,962 67,280
Payments of other long-term debt (226,861) (106,309) (82,632)
Dividends paid (5,411)    
Other financing activities, net 1,971 4,395 4,415
Net cash used in financing activities (53,701) (6,951) (82,698)
Net increase (decrease) in cash and cash equivalents 55,398 (54,553) (93,047)
Cash and cash equivalents:      
Beginning of period 14,745 69,298 162,345
End of period 70,143 14,745 69,298
Cash paid for interest, net of amounts capitalized 35,826 14,968 25,556
Taxes paid (refunded), net $ 1,355 $ (4,694) $ 25,545