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Income Taxes (Tables) | 12 Months Ended
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Jul. 31, 2015
Income Tax Disclosure [Abstract] |
Components Of Earnings Before Income Taxes | The components of earnings before income taxes are as follows:
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (thousands of dollars) |
Earnings before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 92,362 |  |  | $ | 131,396 |  |  | $ | 147,317 |
Foreign |  |  | 196,241 |  |  |  | 229,307 |  |  |  | 200,864 |
Total |  | $ | 288,603 |  |  | $ | 360,703 |  |  | $ | 348,181 |
Components Of The Provision For Income Taxes | The components of the provision for income taxes are as follows:
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (thousands of dollars) |
Income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 28,482 |  |  | $ | 48,981 |  |  | $ | 35,820 |
State |  |  | 2,956 |  |  |  | 4,724 |  |  |  | 4,337 |
Foreign |  |  | 54,665 |  |  |  | 54,536 |  |  |  | 52,300 |
|  |  | 86,103 |  |  |  | 108,241 |  |  |  | 92,457 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (4,232 | ) |  |  | (9,465 | ) |  |  | 7,071 |
State |  |  | 94 |  |  |  | 365 |  |  |  | 312 |
Foreign |  |  | (1,473 | ) |  |  | 1,338 |  |  |  | 964 |
|  |  | (5,611 | ) |  |  | (7,762 | ) |  |  | 8,347 |
Total |  | $ | 80,492 |  |  | $ | 100,479 |  |  | $ | 100,804 |
Schedule Of Reconciliation Of U.S. Statutory Income Tax Rate With Effective Income Tax Rate | The following table reconciles the U.S. statutory income tax rate with the effective income tax rate:
|  | 2015 |  | 2014 |  | 2013
Statutory U.S. federal rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State income taxes |  |  | 0.9 | % |  |  | 1.1 | % |  |  | 1.2 | %
Foreign operations |  |  | (7.9 | )% |  |  | (6.1 | )% |  |  | (6.3 | )%
Export, manufacturing, and research credits |  |  | (1.1 | )% |  |  | (0.8 | )% |  |  | (1.5 | )%
Change in unrecognized tax benefits |  |  | 1.3 |  |  |  | (1.1 | )% |  |  | 0.5 | %
Other |  |  | (0.3 | )% |  |  | (0.2 | )% |  |  | 0.1 | %
|  |  | 27.9 | % |  |  | 27.9 | % |  |  | 29.0 | %
Schedule Of Temporary Differences That Give Rise To Deferred Tax Assets And Liabilities | The tax effects of temporary differences that give rise to deferred tax assets and liabilities are as follows:
|  | 2015 |  |  | 2014 |
|  | (thousands of dollars) |
Deferred tax assets: |  |  |  |  |  |  |  |
Accrued expenses |  | $ | 10,566 |  |  | $ | 11,118 |
Compensation and retirement plans |  |  | 39,090 |  |  |  | 32,317 |
NOL and tax credit carryforwards |  |  | 4,353 |  |  |  | 3,471 |
LIFO and inventory reserves |  |  | 6,891 |  |  |  | 5,482 |
Other |  |  | 4,993 |  |  |  | 4,470 |
Deferred tax assets, gross |  |  | 65,893 |  |  |  | 56,858 |
Valuation allowance |  |  | (2,737 | ) |  |  | (3,471 | )
Net deferred tax assets |  |  | 63,156 |  |  |  | 53,387 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | (50,628 | ) |  |  | (49,901 | )
Other |  |  | (2,359 | ) |  |  | (1,025 | )
Deferred tax liabilities |  |  | (52,987 | ) |  |  | (50,926 | )
Prepaid tax assets |  |  | 4,421 |  |  |  | 4,392 |
Net tax asset |  | $ | 14,590 |  |  | $ | 6,853 |
Schedule Of Reconciliation Of Beginning And Ending Amount Of Gross Unrecognized Tax Benefits | If the recognition threshold is met, the tax benefit is measured and recognized as the largest amount of tax benefit that in the Company’s judgment is greater than 50 percent likely to be realized. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (thousands of dollars) |
Gross unrecognized tax benefits at beginning of fiscal year |  | $ | 15,005 |  |  | $ | 18,419 |  |  | $ | 16,514 |
Additions for tax positions of the current year |  |  | 4,660 |  |  |  | 2,959 |  |  |  | 5,453 |
Additions for tax positions of prior years |  |  | 100 |  |  |  | 1,706 |  |  |  | 407 |
Reductions for tax positions of prior years |  |  | (608 | ) |  |  | (7,113 | ) |  |  | (1,640 | )
Settlements |  |  | — |  |  |  | (240 | ) |  |  | (277 | )
Reductions due to lapse of applicable statute of limitations |  |  | (970 | ) |  |  | (726 | ) |  |  | (2,038 | )
Gross unrecognized tax benefits at end of fiscal year |  | $ | 18,187 |  |  | $ | 15,005 |  |  | $ | 18,419 |

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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 unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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