|
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Apr. 30, 2013
|
Apr. 30, 2012
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net Income |
$ 9,849 |
$ 6,206 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
6,695 |
6,940 |
| Amortization of investment net (discount) premium |
(5) |
17 |
| Non-cash stock compensation expense |
616 |
519 |
| Excess tax benefits for share-based payments |
(210) |
(56) |
| Deferred income taxes |
(1,235) |
103 |
| Provision for bad debts |
59 |
31 |
| (Gain) Loss on the sale of fixed assets |
(13) |
321 |
| Capacity rationalization charges |
70 |
0 |
| (Increase) Decrease in: |
|
|
| Accounts receivable |
385 |
(1,309) |
| Inventories |
(1,676) |
(159) |
| Prepaid expenses |
855 |
2,059 |
| Other assets |
(216) |
(409) |
| Increase (Decrease) in: |
|
|
| Accounts payable |
357 |
324 |
| Accrued expenses |
2,481 |
321 |
| Deferred compensation |
333 |
248 |
| Pension and postretirement benefits |
949 |
359 |
| Other liabilities |
(20) |
121 |
| Total Adjustments |
9,425 |
9,430 |
| Net Cash Provided by Operating Activities |
19,274 |
15,636 |
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures |
(7,805) |
(5,452) |
| Proceeds from sale of property, plant and equipment |
62 |
34 |
| Purchases of investment in short-term securities |
(22,923) |
(14,043) |
| Dispositions of investment in short-term securities |
14,645 |
20,820 |
| Net Cash (Used in) Provided by Investing Activities |
(16,021) |
1,359 |
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Principal payments on notes payable |
(3,800) |
(3,600) |
| Dividends paid |
(4,630) |
(3,395) |
| Purchase of treasury stock |
(175) |
(2,481) |
| Proceeds from issuance of treasury stock |
82 |
31 |
| Proceeds from issuance of common stock |
604 |
161 |
| Excess tax benefits for share-based payments |
210 |
56 |
| Net Cash Used in Financing Activities |
(7,709) |
(9,228) |
| Effect of exchange rate changes on cash and cash equivalents |
12 |
(3) |
| Net (Decrease) Increase in Cash and Cash Equivalents |
(4,444) |
7,764 |
| Cash and Cash Equivalents, Beginning of Period |
27,093 |
17,885 |
| Cash and Cash Equivalents, End of Period |
$ 22,649 |
$ 25,649 |