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Income Taxes (Tables) | 12 Months Ended
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Jul. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of income from continuing operations before taxes | Income before taxes consisted of the following:
| Year ended July 31,
(In thousands) | 2015 |  | 2014 |  | 2013
U.S. | $ | 286,169 |  |  | $ | 218,450 |  |  | $ | 236,118 |
Non-U.S. | 45,900 |  |  | 51,585 |  |  | 40,754 |
Total income before taxes | $ | 332,069 |  |  | $ | 270,035 |  |  | $ | 276,872 |
Schedule of income tax expense (benefit) from continuing operations | Income tax expense (benefit) from continuing operations consisted of the following:
| Year ended July 31,
(In thousands) | 2015 |  | 2014 |  | 2013
Federal: |  |  |  |  |  |  |  |
Current | $ | 95,468 |  |  | $ | 90,207 |  |  | $ | 87,484 |
Deferred | 5,841 |  |  | (9,589 | ) |  | (1,073 | )
| 101,309 |  |  | 80,618 |  |  | 86,411 |
State: |  |  |  |  |  |  |  |
Current | 1,160 |  |  | 1,912 |  |  | 3,871 |
Deferred | (86 | ) |  | (279 | ) |  | 66 |
| 1,074 |  |  | 1,633 |  |  | 3,937 |
Foreign: |  |  |  |  |  |  |  |
Current | 11,062 |  |  | 10,077 |  |  | 9,090 |
Deferred | (1,159 | ) |  | (980 | ) |  | (2,591 | )
| 9,903 |  |  | 9,097 |  |  | 6,499 |
Income tax expense | $ | 112,286 |  |  | $ | 91,348 |  |  | $ | 96,847 |
Schedule of reconciliation of Income tax | A reconciliation of the expected U.S. statutory tax rate to the actual effective income tax rate is as follows:
| Year ended July 31,
(In thousands) | 2015 |  | 2014 |  | 2013
Federal statutory rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal income tax benefit | 1.1 |  |  | 1.1 |  |  | 1.1 |
Foreign rate differential | (1.9 | ) |  | (2.1 | ) |  | (1.8 | )
Compensation and fringe benefits | 0.1 |  |  | 0.1 |  |  | 0.1 |
Other differences | (0.5 | ) |  | (0.3 | ) |  | 0.6 |
Effective tax rate | 33.8 | % |  | 33.8 | % |  | 35.0 | %
Schedule of tax effects on deferred tax assets and deferred tax liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) are presented below:
| July 31,
(In thousands) | 2015 |  | 2014
Deferred tax assets: |  |  |  |  |
Allowance for doubtful accounts | $ | 992 |  |  | $ | 1,209 |
Accrued compensation and benefits | 40,391 |  |  | 36,780 |
State taxes | 577 |  |  | 416 |
Accrued other | 3,967 |  |  | 2,962 |
Deferred revenue | 798 |  |  | 1,301 |
Property and equipment | 16,957 |  |  | 18,627 |
Losses carried forward | 4,362 |  |  | 4,312 |
Federal tax benefit | 7,832 |  |  | 10,457 |
Total gross deferred tax assets | 75,876 |  |  | 76,064 |
Less valuation allowance | (2,650 | ) |  | (2,210 | )
Net deferred tax assets | 73,226 |  |  | 73,854 |
Deferred tax liabilities: |  |  |  |  |
Vehicle pooling costs | (7,749 | ) |  | (7,420 | )
Prepaid insurance | (890 | ) |  | (1,950 | )
Intangibles and goodwill | (37,673 | ) |  | (33,332 | )
Total gross deferred tax liabilities | (46,312 | ) |  | (42,702 | )
Net deferred tax assets | $ | 26,914 |  |  | $ | 31,152 |
Schedule of net deferred tax liability | The above net deferred tax assets and liabilities have been reflected in the accompanying consolidated balance sheets as follows:
| July 31,
(In thousands) | 2015 |  | 2014
North America current assets | $ | 3,396 |  |  | $ | 1,803 |
North America non-current assets | 28,856 |  |  | 36,639 |
Foreign non-current liabilities | (5,338 | ) |  | (7,290 | )
Net deferred tax assets | $ | 26,914 |  |  | $ | 31,152 |
Schedule of unrecognized tax benefits | The following table summarizes the activities related to the Company’s unrecognized tax benefits:
| July 31,
(In thousands) | 2015 |  | 2014 |  | 2013
Beginning balance | $ | 18,419 |  |  | $ | 17,178 |  |  | $ | 16,946 |
Increases related to current year tax position | 3,441 |  |  | 1,805 |  |  | 1,844 |
Prior year tax positions: |  |  |  |  |  |  |  |
Prior year increase | 599 |  |  | 2,997 |  |  | 1,474 |
Prior year decrease | — |  |  | (523 | ) |  | — |
Cash settlement | (225 | ) |  | — |  |  | — |
Lapse of statute of limitations | (4,806 | ) |  | (3,038 | ) |  | (3,086 | )
Ending balance | $ | 17,428 |  |  | $ | 18,419 |  |  | $ | 17,178 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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