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Goodwill And Other Intangible Assets (Tables) | 12 Months Ended
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Jul. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
Reconciliation Of Goodwill | Following is a reconciliation of goodwill for the years ended July 31, 2015 and 2014:
|  | Engine Products |  |  | Industrial Products |  |  | Total Goodwill |
|  | (thousands of dollars) |
Balance as of July 31, 2013 |  | $ | 72,321 |  |  | $ | 93,247 |  |  | $ | 165,568 |
Foreign exchange translation |  |  | 52 |  |  |  | 786 |  |  |  | 838 |
Balance as of July 31, 2014 |  | $ | 72,373 |  |  | $ | 94,033 |  |  | $ | 166,406 |
Goodwill acquired |  |  |  |  |  |  | 66,814 |  |  |  | 66,814 |
Foreign exchange translation |  |  | (1,401 | ) |  |  | (8,087 | ) |  |  | (9,488 | )
Balance as of July 31, 2015 |  | $ | 70,972 |  |  | $ | 152,760 |  |  | $ | 223,732 |
Reconciliation Of Intangible Assets | Following is a reconciliation of intangible assets for the years ended July 31, 2015 and 2014:
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Intangible Assets |
|  | (thousands of dollars) |
Balance as of July 31, 2013 |  | $ | 81,882 |  |  | $ | (40,575 | ) |  | $ | 41,307 |
Amortization expense |  |  | — |  |  |  | (5,154 | ) |  |  | (5,154 | )
Retirements |  |  | (775 | ) |  |  | 600 |  |  |  | (175 | )
Foreign exchange translation |  |  | 176 |  |  |  | (109 | ) |  |  | 67 |
Balance as of July 31, 2014 |  | $ | 81,283 |  |  | $ | (45,238 | ) |  | $ | 36,045 |
Intangible acquired - Northern Technical |  |  | 6,200 |  |  |  | — |  |  |  | 6,200 |
Intangible acquired – IFIL |  |  | 3,800 |  |  |  | — |  |  |  | 3,800 |
Amortization expense |  |  | — |  |  |  | (6,778 | ) |  |  | (6,778 | )
Foreign exchange translation |  |  | (4,193 | ) |  |  | 2,796 |  |  |  | (1,397 | )
Balance as of July 31, 2015 |  | $ | 87,090 |  |  | $ | (49,220 | ) |  | $ | 37,870 |
Expected Amortization Expense Relating To Existing Intangible Assets | Expected amortization expense relating to existing intangible assets is as follows (in thousands):
Fiscal Year |  |  |  |
2016 |  | $ | 5,711 |
2017 |  | $ | 5,573 |
2018 |  | $ | 4,360 |
2019 |  | $ | 3,809 |
2020 |  | $ | 3,721 |
Thereafter |  | $ | 12,813 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
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