XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Stockholder's Investments (Tables) | 12 Months Ended
--- | ---
Jul. 31, 2016
Equity [Abstract] |
Schedule of Capital Stock | Information as to the Company’s capital stock at July 31, 2016 and 2015 is as follows:
|  | July 31, 2016 |  | July 31, 2015
|  | Shares Authorized |  | Shares Issued |  | (thousands) Amount |  | Shares Authorized |  | Shares Issued |  | (thousands) Amount
Preferred Stock, $.01 par value |  | 5,000,000 |  |  |  |  |  |  | 5,000,000 |  |  |  |  |
Cumulative Preferred Stock: 6% Cumulative |  | 5,000 |  |  |  |  |  |  | 5,000 |  |  |  |  |
1972 Series |  | 10,000 |  |  |  |  |  |  | 10,000 |  |  |  |  |
1979 Series |  | 30,000 |  |  |  |  |  |  | 30,000 |  |  |  |  |
Common Stock, $.01 par value: Class A Nonvoting |  | 100,000,000 |  |  | 51,261,487 |  |  | $ | 513 |  |  | 100,000,000 |  |  | 51,261,487 |  |  | $ | 513 |
Class B Voting |  | 10,000,000 |  |  | 3,538,628 |  |  | 35 |  |  | 10,000,000 |  |  | 3,538,628 |  |  | 35 |
|  |  |  |  |  | $ | 548 |  |  |  |  |  |  | $ | 548 |
Schedule of Other Activity in Stockholders' Investment | The following is a summary of other activity in stockholders’ investment for the fiscal years ended July 31, 2016, 2015, and 2014:
|  | Unearned Restricted Stock |  | Deferred Compensation |  | Shares Held in Rabbi Trust, at cost |  | Total
Balances at July 31, 2013 |  | $ | (1,137 | ) |  | $ | 11,040 |  |  | $ | (10,623 | ) |  | $ | (720 | )
Shares at July 31, 2013 |  |  |  | 469,797 |  |  | 469,797 |  |  |
Sale of shares at cost |  | — |  |  | (1,637 | ) |  | 1,496 |  |  | (141 | )
Purchase of shares at cost |  | — |  |  | 821 |  |  | (821 | ) |  | — |
Effect of plan amendment |  | — |  |  | (2,435 | ) |  | — |  |  | (2,435 | )
Amortization of restricted stock |  | 1,137 |  |  | — |  |  | — |  |  | 1,137 |
Balances at July 31, 2014 |  | — |  |  | $ | 7,789 |  |  | $ | (9,948 | ) |  | (2,159 | )
Shares at July 31, 2014 |  |  |  | 338,711 |  |  | 423,415 |  |  |
Sale of shares at cost |  | $ | — |  |  | (2,325 | ) |  | 2,235 |  |  | $ | (90 | )
Purchase of shares at cost |  | — |  |  | 220 |  |  | (1,035 | ) |  | (815 | )
Balances at July 31, 2015 |  | $ | — |  |  | $ | 5,684 |  |  | $ | (8,748 | ) |  | $ | (3,064 | )
Shares at July 31, 2015 |  |  |  | 252,261 |  |  | 362,025 |  |  |
Sale of shares at cost |  | — |  |  | (1,238 | ) |  | 1,278 |  |  | 40 |
Purchase of shares at cost |  | — |  |  | 178 |  |  | (1,017 | ) |  | (839 | )
Balances at July 31, 2016 |  | $ | — |  |  | $ | 4,624 |  |  | $ | (8,487 | ) |  | $ | (3,863 | )
Shares at July 31, 2016 |  |  |  | 201,418 |  |  | 347,081 |  |  |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
Black-Scholes Option Valuation Assumptions |  | 2016 |  | 2015 |  | 2014
Expected term (in years) |  | 6.11 |  |  | 6.05 |  |  | 5.97 |
Expected volatility |  | 29.95 | % |  | 34.01 | % |  | 37.32 | %
Expected dividend yield |  | 2.59 | % |  | 2.48 | % |  | 2.35 | %
Risk-free interest rate |  | 1.64 | % |  | 1.90 | % |  | 1.80 | %
Weighted-average market value of underlying stock at grant date |  | $ | 20.02 |  |  | $ | 22.76 |  |  | $ | 30.98 |
Weighted-average exercise price |  | $ | 20.02 |  |  | $ | 22.76 |  |  | $ | 30.98 |
Weighted-average fair value of options granted during the period |  | $ | 4.58 |  |  | $ | 6.12 |  |  | $ | 9.17 |
Summary of Stock Option Activity under Company's Share-Based Compensation Plans | for the fiscal year ended July 31, 2016:
|  | Option Price |  | Options Outstanding |  | Weighted Average Exercise Price
Balance as of July 31, 2015 |  | $ | 20.95 |  | — | $38.31 |  | 3,500,951 |  |  | $ | 29.64 |
Options granted |  | 19.96 |  | — | 25.35 |  | 881,744 |  |  | 20.02 |
Options exercised |  | 20.95 |  | — | 31.07 |  | (194,419 | ) |  | 26.98 |
Options cancelled |  | 19.96 |  | — | 38.31 |  | (479,570 | ) |  | 30.89 |
Balance as of July 31, 2016 |  | $ | 19.96 |  | — | $38.31 |  | 3,708,706 |  |  | $ | 27.33 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range | The following table summarizes information about stock options outstanding at July 31, 2016:
|  | Options Outstanding |  | Options Outstanding and Exercisable
Range of Exercise Prices |  | Number of Shares Outstanding at July 31, 2016 |  | Weighted Average Remaining Contractual Life (in years) |  | Weighted Average Exercise Price |  | Shares Exercisable at July 31, 2016 |  | Weighted Average Remaining Contractual Life (in years) |  | Weighted Average Exercise Price
$19.96 - $26.99 |  | 1,433,278 |  |  | 8.1 |  | $ | 21.80 |  |  | 291,899 |  |  | 5.2 |  | $ | 20.97 |
$27.00 - $32.99 |  | 1,696,428 |  |  | 4.9 |  | 29.05 |  |  | 1,617,628 |  |  | 4.7 |  | 29.12 |
$33.00 - $38.31 |  | 579,000 |  |  | 1.3 |  | 37.78 |  |  | 579,000 |  |  | 1.3 |  | 37.78 |
Total |  | 3,708,706 |  |  | 5.6 |  | 27.61 |  |  | 2,488,527 |  |  | 4.0 |  | $ | 30.18 |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | The following tables summarize the RSU and restricted share activity for the fiscal year ended July 31, 2016:
Service-Based Restricted Shares and RSUs |  | Shares |  | Weighted Average Grant Date Fair Value
Balance as of July 31, 2015 |  | 677,454 |  |  | $ | 24.72 |
New grants |  | 173,394 |  |  | 20.07 |
Vested |  | (113,640 | ) |  | 24.97 |
Forfeited |  | (58,827 | ) |  | 23.81 |
Balance as of July 31, 2016 |  | 678,381 |  |  | $ | 23.57 |
The aggregate intrinsic value of unvested RSU's expected to vest at July 31, 2016, was $21,803. The total fair value of RSU's vested during the twelve months ended July 31, 2016 and 2015, was $2,797 and $805, respectively. The service-based RSUs granted during the fiscal year ended July 31, 2015, had a weighted-average grant-date fair value of $24.28.

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

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=27011957&loc=d3e177068-122764 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21553-112644 Reference 5: 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.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6403732&loc=d3e21300-112643 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.28,29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 + Details
Name: | us-gaap_ScheduleOfStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration