CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
Oct. 31, 2016 |
Oct. 31, 2015 |
| Cash flows from operating activities |
|
|
| Net income |
$ 18,800
|
$ 14,254
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation |
3,454
|
2,822
|
| Amortization |
3,909
|
3,094
|
| Stock-based compensation expense |
2,922
|
1,720
|
| Amortization of debt issuance costs |
100
|
100
|
| Loss on disposal of fixed assets |
224
|
100
|
| Fair value adjustments to acquisition related liabilities |
9
|
(592)
|
| Deferred income taxes |
1,917
|
1,322
|
| Excess tax benefits from stock-based compensation |
|
(1,489)
|
| Changes in assets and liabilities, net of effects of business acquisitions: |
|
|
| Accounts receivable |
1,577
|
(236)
|
| Inventories |
(1,824)
|
(2,295)
|
| Prepaid expenses and other current assets |
(2,801)
|
(5,534)
|
| Accounts payable and other current liabilities |
(5,290)
|
(3,005)
|
| Income taxes |
1,911
|
4,854
|
| Net cash provided by operating activities |
24,908
|
15,115
|
| Cash flows from investing activities |
|
|
| Capital expenditures |
(8,143)
|
(3,167)
|
| Proceeds from disposal of fixed assets |
21
|
|
| Acquisition of businesses, net of cash acquired |
(57,768)
|
(79,810)
|
| Other, net |
255
|
(12)
|
| Net cash used in investing activities |
(65,635)
|
(82,989)
|
| Cash flows from financing activities |
|
|
| Borrowings under revolving credit facility |
61,000
|
83,000
|
| Repayments under revolving credit facility |
(16,000)
|
(14,000)
|
| Excess tax benefits from stock-based compensation |
|
1,489
|
| Purchases of treasury stock |
(6,216)
|
(3,138)
|
| Net cash provided by financing activities |
38,784
|
67,351
|
| Effect of exchange rate changes on cash and cash equivalents |
(289)
|
(66)
|
| Decrease in cash and cash equivalents |
(2,232)
|
(589)
|
| Cash and cash equivalents at beginning of period |
28,367
|
31,720
|
| Cash and cash equivalents at end of period |
$ 26,135
|
$ 31,131
|