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Income Taxes (Tables) | 12 Months Ended
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Jul. 31, 2011
Income Taxes |
Schedule Of Components Of Provision (Benefit) For Income Taxes |
|  | July 31, |  |  | July 31, |  |  | July 31, |
Income Taxes: |  | 2011 |  |  | 2010 |  |  | 2009 |
Federal |  | $ | 48,943 |  |  | $ | 55,462 |  |  | $ | (2,563) |
State and local |  |  | 250 |  |  |  | 9,337 |  |  |  | 3,304 |
Foreign |  |  | – |  |  |  | (11) |  |  |  | (900) |
Total current expense (benefit) |  |  | 49,193 |  |  |  | 64,788 |  |  |  | (159) |
Federal |  |  | (2,989) |  |  |  | (3,430) |  |  |  | 6,163 |
State and local |  |  | 150 |  |  |  | (29) |  |  |  | 248 |
Total deferred expense (benefit) |  |  | (2,839) |  |  |  | (3,459) |  |  |  | 6,411 |
Total income tax expense |  | $ | 46,354 |  |  | $ | 61,329 |  |  | $ | 6,252 |
Schedule Of Components Of The Total Current Income Tax Expense |
|  | July 31, 2011 |  |  | July 31, 2010 |  |  | July 31, 2009 |
Federal tax expense at statutory rates |  | $ | 53,420 |  |  | $ | 59,988 |  |  | $ | 8,188 |
State tax expense at various state tax rates (net of federal benefit) |  |  | 956 |  |  |  | 5,153 |  |  |  | 738 |
Current tax expense effect of accrued product warranties |  |  | 1,698 |  |  |  | 3,622 |  |  |  | (7,253) |
Current tax expense effect of other temporary items |  |  | 1,989 |  |  |  | (407) |  |  |  | 842 |
Income tax credits and incentives |  |  | (2,421) |  |  |  | (1,069) |  |  |  | (3,669) |
Amended returns and tax exam settlements |  |  | – |  |  |  | – |  |  |  | (1,022) |
Domestic production activities deduction |  |  | (5,236) |  |  |  | (3,745) |  |  |  | (420) |
Executive compensation limitation |  |  | – |  |  |  | 1,578 |  |  |  | – |
Goodwill impairment |  |  | – |  |  |  | – |  |  |  | 3,707 |
Tax-exempt interest |  |  | (8) |  |  |  | (55) |  |  |  | (444) |
Change in uncertain tax positions |  |  | (1,426) |  |  |  | (1,931) |  |  |  | 1,271 |
True-up of current tax payable |  |  | (1,169) |  |  |  | 807 |  |  |  | (2,308) |
Other permanent items |  |  | 1,390 |  |  |  | 847 |  |  |  | 211 |
Total Current Income Taxes |  | $ | 49,193 |  |  | $ | 64,788 |  |  | $ | (159) |
Schedule Of Differences Between Income Taxes At Federal Statutory Rate And Actual Income Taxes |
|  | July 31, 2011 |  |  | July 31, 2010 |  |  | July 31, 2009 |
Provision at federal statutory rate |  | $ | 53,420 |  |  | $ | 59,988 |  |  | $ | 8,188 |
State and local income taxes, net of federal benefit |  |  | 978 |  |  |  | 5,124 |  |  |  | 738 |
Income tax credits and incentives |  |  | (2,421) |  |  |  | (1,069) |  |  |  | (3,669) |
Amended returns and tax exam settlements |  |  | – |  |  |  | – |  |  |  | (1,022) |
Domestic production activities deduction |  |  | (5,236) |  |  |  | (3,745) |  |  |  | (420) |
Change in uncertain tax positions |  |  | (1,124) |  |  |  | (278) |  |  |  | 1,271 |
Goodwill impairment |  |  | – |  |  |  | – |  |  |  | 3,707 |
Executive compensation limitation |  |  | – |  |  |  | 1,578 |  |  |  | – |
Reduction of excess current tax payable and deferred tax liabilities |  |  | (645) |  |  |  | (1,061) |  |  |  | (2,308) |
Tax-exempt interest |  |  | (8) |  |  |  | (55) |  |  |  | (444) |
Other permanent items |  |  | 1,390 |  |  |  | 847 |  |  |  | 211 |
Income Taxes |  | $ | 46,354 |  |  | $ | 61,329 |  |  | $ | 6,252 |
Schedule Of Deferred Income Taxes |
A summary of deferred income taxes is as follows: |  | July 31, |  |  | July 31, |
|  | 2011 |  |  | 2010 |
Current deferred tax asset (liability): |  |  |  |  |  |  |  |  |  |  |  |
Inventory basis |  |  |  | $ | (251) |  |  |  |  | $ | (715) |
Employee benefits |  |  |  |  | 3,102 |  |  |  |  |  | 2,506 |
Self-insurance reserves |  |  |  |  | 8,036 |  |  |  |  |  | 10,077 |
Accrued product warranties |  |  |  |  | 24,443 |  |  |  |  |  | 19,629 |
Accrued incentives |  |  |  |  | 2,948 |  |  |  |  |  | 2,538 |
Sales returns and allowances |  |  |  |  | 1,231 |  |  |  |  |  | 1,269 |
Accrued expenses |  |  |  |  | 2,938 |  |  |  |  |  | 1,088 |
Unrecognized tax benefits |  |  |  |  | 597 |  |  |  |  |  | 2,406 |
Other |  |  |  |  | (1,456) |  |  |  |  |  | 701 |
Total current net deferred tax asset |  |  |  | $ | 41,588 |  |  |  |  | $ | 39,499 |
Long-term deferred tax asset (liability): |  |  |  |  |  |  |  |  |  |  |  |
Property basis |  |  |  |  | (5,166) |  |  |  |  |  | (1,552) |
Investments |  |  |  |  | (898) |  |  |  |  |  | (1,330) |
Deferred compensation |  |  |  |  | 4,836 |  |  |  |  |  | 3,719 |
Intangibles |  |  |  |  | (37,513) |  |  |  |  |  | (5,436) |
Unrecognized tax benefits |  |  |  |  | 13,882 |  |  |  |  |  | 11,795 |
Total net long-term deferred tax asset (liability) |  |  |  |  | (24,859) |  |  |  |  |  | 7,196 |
Net deferred tax asset |  |  |  | $ | 16,729 |  |  |  |  | $ | 46,695 |
Schedule Of Changes In Unrecognized Tax Benefit |
|  | 2011 Unrecognized Tax Benefit |  |  | 2010 Unrecognized Tax Benefit |  |  | 2009 Unrecognized Tax Benefit |
Beginning balance |  |  |  | $ | 31,039 |  |  |  |  | $ | 30,235 |  |  |  |  | $ | 21,032 |
Increase in liability due to federal benefit |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 11,031 |
Tax positions related to prior years: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions |  |  |  |  | 1,817 |  |  |  |  |  | 760 |  |  |  |  |  | 1,880 |
Reductions |  |  |  |  | (1,062) |  |  |  |  |  | (1,883) |  |  |  |  |  | – |
Tax positions related to current year: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions |  |  |  |  | 3,713 |  |  |  |  |  | 4,095 |  |  |  |  |  | 622 |
Reductions |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | – |
Settlements |  |  |  |  | (2,642) |  |  |  |  |  | (817) |  |  |  |  |  | (3,002) |
Lapses in statute of limitations |  |  |  |  | (691) |  |  |  |  |  | (1,351) |  |  |  |  |  | (1,328) |
Ending balance |  |  |  | $ | 32,174 |  |  |  |  | $ | 31,039 |  |  |  |  | $ | 30,235 |

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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 -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 9 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + 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 -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 12 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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