XML 42 R28.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jul. 31, 2016
Income Tax Disclosure [Abstract] |
Schedule of (Loss) Earnings from Continuing Operations | Earnings (loss) from continuing operations consists of the following:
|  | Years Ended July 31,
|  | 2016 |  | 2015 |  | 2014
United States |  | $ | 61,349 |  |  | $ | (582 | ) |  | $ | (134,596 | )
Other Nations |  | 47,996 |  |  | 25,577 |  |  | 81,487 |
Total |  | $ | 109,345 |  |  | $ | 24,995 |  |  | $ | (53,109 | )
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense (benefit) from continuing operations consists of the following:
|  | Years Ended July 31,
|  | 2016 |  | 2015 |  | 2014
Current income tax expense (benefit): |  |  |  |  |  |
United States |  | $ | 5,048 |  |  | $ | 9,075 |  |  | $ | (1,137 | )
Other Nations |  | 19,929 |  |  | 18,806 |  |  | 19,513 |
States (U.S.) |  | 1,348 |  |  | (352 | ) |  | 1,090 |
|  | $ | 26,325 |  |  | $ | 27,529 |  |  | $ | 19,466 |
Deferred income tax expense (benefit): |  |  |  |  |  |
United States |  | $ | 3,946 |  |  | $ | (5,906 | ) |  | $ | (22,754 | )
Other Nations |  | (1,387 | ) |  | (1,868 | ) |  | (1,803 | )
States (U.S.) |  | 351 |  |  | 338 |  |  | 128 |
|  | $ | 2,910 |  |  | $ | (7,436 | ) |  | $ | (24,429 | )
Total income tax expense (benefit) |  | $ | 29,235 |  |  | $ | 20,093 |  |  | $ | (4,963 | )
Schedule of Deferred Tax Assets and Liabilities | The approximate tax effects of temporary differences are as follows:
|  | July 31, 2016
|  | Assets |  | Liabilities |  | Total
Inventories |  | $ | 5,142 |  |  | $ | (153 | ) |  | $ | 4,989 |
Prepaid catalog costs |  | — |  |  | (1,577 | ) |  | (1,577 | )
Employee benefits |  | 6,347 |  |  | — |  |  | 6,347 |
Accounts receivable |  | 1,619 |  |  | (15 | ) |  | 1,604 |
Fixed Assets |  | 2,847 |  |  | (2,695 | ) |  | 152 |
Intangible Assets |  | 1,144 |  |  | (31,777 | ) |  | (30,633 | )
Capitalized R&D expenditures |  | 855 |  |  | — |  |  | 855 |
Deferred compensation |  | 20,549 |  |  | — |  |  | 20,549 |
Postretirement benefits |  | 4,152 |  |  | — |  |  | 4,152 |
Tax credit carry-forwards and net operating losses |  | 56,790 |  |  | — |  |  | 56,790 |
Less valuation allowance |  | (37,992 | ) |  | — |  |  | (37,992 | )
Other, net |  | 10,918 |  |  | (15,173 | ) |  | (4,255 | )
Total |  | $ | 72,371 |  |  | $ | (51,390 | ) |  | $ | 20,981 |
|  | July 31, 2015
|  | Assets |  | Liabilities |  | Total
Inventories |  | $ | 4,387 |  |  | $ | (197 | ) |  | $ | 4,190 |
Prepaid catalog costs |  | — |  |  | (2,179 | ) |  | (2,179 | )
Employee benefits |  | 1,612 |  |  | — |  |  | 1,612 |
Accounts receivable |  | 1,136 |  |  | (14 | ) |  | 1,122 |
Fixed Assets |  | 3,344 |  |  | (3,213 | ) |  | 131 |
Intangible Assets |  | 1,242 |  |  | (26,570 | ) |  | (25,328 | )
Capitalized R&D expenditures |  | 1,140 |  |  | — |  |  | 1,140 |
Deferred compensation |  | 19,549 |  |  | — |  |  | 19,549 |
Postretirement benefits |  | 3,563 |  |  | — |  |  | 3,563 |
Tax credit carry-forwards and net operating losses |  | 66,744 |  |  | — |  |  | 66,744 |
Less valuation allowance |  | (39,922 | ) |  | — |  |  | (39,922 | )
Other, net |  | 9,538 |  |  | (12,475 | ) |  | (2,937 | )
Total |  | $ | 72,333 |  |  | $ | (44,648 | ) |  | $ | 27,685 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the tax computed by applying the statutory U.S. federal income tax rate to earnings (loss) from continuing operations before income taxes to the total income tax expense is as follows:
|  | Years Ended July 31,
|  | 2016 |  | 2015 |  | 2014
Tax at statutory rate |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Impairment charges (1) |  | — | % |  | 55.8 | % |  | (40.3 | )%
State income taxes, net of federal tax benefit (2) |  | 0.8 | % |  | 1.6 | % |  | (1.1 | )%
International rate differential |  | 0.4 | % |  | (2.2 | )% |  | (1.3 | )%
Rate variances arising from foreign subsidiary distributions |  | 0.5 | % |  | (0.3 | )% |  | (7.5 | )%
Adjustments to tax accruals and reserves (3) |  | (3.7 | )% |  | 17.8 | % |  | 25.5 | %
Research and development tax credits and section 199 manufacturer’s deduction |  | (3.6 | )% |  | (3.9 | )% |  | 3.6 | %
Non-deductible divestiture fees and account write-offs |  | (0.4 | )% |  | (4.8 | )% |  | (5.2 | )%
Deferred tax and other adjustments (4) |  | (1.4 | )% |  | (21.1 | )% |  | 0.7 | %
Other, net |  | (0.9 | )% |  | 2.5 | % |  | (0.1 | )%
Effective tax rate |  | 26.7 | % |  | 80.4 | % |  | 9.3 | %
(1) | For the year ended July 31, 2015, $39.8 million of the total impairment charge of $46.9 million recorded is nondeductible for income tax purposes. For the year ended July 31, 2014, $61.1 million of the total impairment charge of $148.6 million recorded is nondeductible for income tax purposes.
(2) | The year ended July 31, 2014 includes a $3.1 million increase in valuation allowances against certain state tax credit carryforwards.
(3) | The years ended July 31, 2014 and 2015 include increases in current year uncertain tax positions, while the year ended July 31, 2016 includes reductions of uncertain tax positions resulting from the closure of audits and lapses in statutes of limitations.
(4) | The year ended July 31, 2015 includes $5.0 million of foreign tax credit carryforward from the fiscal 2014 U.S. tax return
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of unrecognized tax benefits (excluding interest and penalties) is as follows:
Schedule of Open Tax Years by Major Jurisdictions | The Company and its subsidiaries file income tax returns in the U.S., various state, and foreign jurisdictions. The following table summarizes the open tax years for the Company's major jurisdictions:
Jurisdiction |  | Open Tax Years
United States — Federal |  | F’15 — F’16
France |  | F’12 — F’16
Germany |  | F’09 — F’16
United Kingdom |  | F’14 — F’16

X
- Definition Schedule of Open Tax Years by Major Jurisdictions [Table Text Block] + References No definition available. + Details
Name: | brc_ScheduleofOpenTaxYearsbyMajorJurisdictionsTableTextBlock
Namespace Prefix: | brc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration