Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Jan. 31, 2017 |
Jan. 31, 2016 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net Income |
$ 6,259
|
$ 9,244
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
6,389
|
5,914
|
| Amortization of investment net discount |
(5)
|
(2)
|
| Non-cash stock compensation expense |
777
|
638
|
| Excess tax benefits for share-based payments |
(207)
|
(55)
|
| Deferred income taxes |
354
|
189
|
| Provision for bad debts and cash discounts |
131
|
131
|
| Loss on the sale of fixed assets |
276
|
202
|
| (Increase) Decrease in assets: |
|
|
| Accounts receivable |
(1,829)
|
521
|
| Inventories |
11
|
(1,674)
|
| Prepaid expenses |
(3,784)
|
(2,671)
|
| Other assets |
(156)
|
(118)
|
| Increase (Decrease) in liabilities: |
|
|
| Accounts payable |
852
|
(201)
|
| Accrued expenses |
(1,698)
|
3,295
|
| Deferred compensation |
487
|
104
|
| Pension and postretirement benefits |
1,001
|
554
|
| Other liabilities |
235
|
980
|
| Total Adjustments |
2,834
|
7,807
|
| Net Cash Provided by Operating Activities |
9,093
|
17,051
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Capital expenditures |
(7,279)
|
(4,795)
|
| Proceeds from sale of property, plant and equipment |
2
|
249
|
| Purchases of short-term investments |
(11,555)
|
(14,125)
|
| Dispositions of short-term investments |
14,386
|
1,225
|
| Net Cash Used in Investing Activities |
(4,446)
|
(17,446)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Principal payments on notes payable |
(3,083)
|
(3,484)
|
| Dividends paid |
(2,956)
|
(2,783)
|
| Purchase of treasury stock |
(122)
|
(18)
|
| Proceeds from issuance of treasury stock |
0
|
185
|
| Proceeds from issuance of common stock |
170
|
96
|
| Excess tax benefits for share-based payments |
207
|
55
|
| Net Cash Used in Financing Activities |
(5,784)
|
(5,949)
|
| Effect of exchange rate changes on cash and cash equivalents |
68
|
33
|
| Net Decrease in Cash and Cash Equivalents |
(1,069)
|
(6,311)
|
| Cash and Cash Equivalents, Beginning of Period |
18,629
|
20,138
|
| Cash and Cash Equivalents, End of Period |
17,560
|
13,827
|
| Supplemental disclosure of non-cash investing and financing activities: |
|
|
| Capital expenditures accrued, but not paid |
657
|
924
|
| Cash dividends declared and accrued, but not paid |
$ 1,485
|
$ 1,407
|