|
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
|
Apr. 30, 2013
|
Jul. 31, 2012
|
| Current Assets |
|
|
| Cash and cash equivalents |
$ 22,649 |
$ 27,093 |
| Investment in short-term securities |
17,446 |
9,163 |
| Accounts receivable, less allowance of $658 and $626 at April 30, 2013 and July 31, 2012, respectively |
29,784 |
30,225 |
| Inventories |
21,349 |
19,673 |
| Deferred income taxes |
2,611 |
2,611 |
| Prepaid repairs expense |
3,429 |
3,549 |
| Prepaid expenses and other assets |
2,153 |
2,888 |
| Total Current Assets |
99,421 |
95,202 |
| Property, Plant and Equipment |
|
|
| Cost |
182,919 |
176,707 |
| Less accumulated depreciation and amortization |
(117,161) |
(112,254) |
| Total Property, Plant and Equipment, Net |
65,758 |
64,453 |
| Other Assets |
|
|
| Goodwill |
5,162 |
5,162 |
| Trademarks and patents, net of accumulated amortization of $420 and $409 at April 30, 2013 and July 31, 2012, respectively |
590 |
576 |
| Debt issuance costs, net of accumulated amortization of $436 and $380 at April 30, 2013 and July 31 2012, respectively |
329 |
385 |
| Licensing agreements and non-compete agreements, net of accumulated amortization of $1,799 and $1,611 at April 30, 2013 and July 31, 2012, respectively |
440 |
627 |
| Deferred income taxes |
4,354 |
3,224 |
| Other |
4,800 |
4,638 |
| Total Other Assets |
15,675 |
14,612 |
| Total Assets |
180,854 |
174,267 |
| Current Liabilities |
|
|
| Current maturities of notes payable |
3,500 |
3,800 |
| Accounts payable |
6,742 |
6,700 |
| Dividends payable |
0 |
1,154 |
| Accrued expenses: |
|
|
| Salaries, wages and commissions |
8,793 |
6,201 |
| Trade promotions and advertising |
2,916 |
3,302 |
| Freight |
2,285 |
2,585 |
| Other |
6,027 |
5,380 |
| Total Current Liabilities |
30,263 |
29,122 |
| Noncurrent Liabilities |
|
|
| Notes payable |
22,400 |
25,900 |
| Deferred compensation |
8,450 |
8,117 |
| Pension and postretirement benefits |
24,740 |
24,241 |
| Other |
1,551 |
1,579 |
| Total Noncurrent Liabilities |
57,141 |
59,837 |
| Total Liabilities |
87,404 |
88,959 |
| Stockholders’ Equity |
|
|
| Additional paid-in capital |
31,059 |
29,759 |
| Restricted unearned stock compensation |
(2,072) |
(2,214) |
| Retained earnings |
129,248 |
122,901 |
| Accumulated Other Comprehensive Income: |
|
|
| Unrealized gain on marketable securities |
74 |
72 |
| Pension and postretirement benefits |
(11,141) |
(11,591) |
| Cumulative translation adjustment |
554 |
573 |
| Less Treasury Stock, at cost (2,914,567 Common and 324,741 Class B shares at April 30, 2013 and 2,911,564 Common and 324,741 Class B shares at July 31, 2012) |
(55,296) |
(55,208) |
| Total Stockholders’ Equity |
93,450 |
85,308 |
| Total Liabilities & Stockholders’ Equity |
180,854 |
174,267 |
|
Common Stock
|
|
|
| Stockholders’ Equity |
|
|
| Common Stock, par value $.10 per share |
784 |
779 |
|
Common Class B
|
|
|
| Stockholders’ Equity |
|
|
| Common Stock, par value $.10 per share |
$ 240 |
$ 237 |