XML 30 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2015
Nov. 01, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 30,131 $ 33,042
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,704 14,158
Share-based compensation 5,973 5,962
Loss on disposals of property and equipment 194 32
Excess tax benefits from share-based payment arrangements (414) (1,659)
Restructuring and asset impairment 0 555
Deferred income taxes 0 (6,052)
Provision for doubtful accounts 3,207 1,196
Non-cash interest (income) expense (102) 134
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable (19,866) (42,079)
Inventories (100,387) (150,761)
Prepaid expenses and other assets 4,455 4,586
Accounts payable 58,395 50,878
Accrued expenses and other liabilities 7,202 (8,735)
Net cash provided by (used in) operating activities 5,492 (98,743)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (7,588) (27,372)
Purchases of acquired businesses, net of cash acquired (17) (7,734)
Payments for (Proceeds from) Other Investing Activities 0 (3,000)
Net cash used in investing activities (7,605) (38,106)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of long-term debt (2,890) (2,902)
Proceeds from issuance of long-term debt 0 150,000
Proceeds from borrowings under revolving credit line 122,650 127,962
Repayments of borrowings under revolving credit line (169,591) (176,614)
Increase in bank overdraft 47,084 40,674
Proceeds from exercise of stock options 921 523
Payment of employee restricted stock tax withholdings (1,576) (2,089)
Excess tax benefits from share-based payment arrangements 414 1,659
Capitalized debt issuance costs 0 (954)
Net cash (used in) provided by financing activities (2,988) 138,259
EFFECT OF EXCHANGE RATE CHANGES ON CASH 14 38
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (5,087) 1,448
Cash and cash equivalents at beginning of period 17,380 16,116
Cash and cash equivalents at end of period 12,293 17,564
Supplemental disclosures of cash flow information:    
Cash paid for interest 4,354 3,190
Cash paid for federal and state income taxes, net of refunds $ 1,768 $ 11,032