XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Other Comprehensive Income Other Comprehensive Income, Tax (Notes) | 6 Months Ended
--- | ---
Jan. 31, 2016
Other Comprehensive Income (Loss), Tax [Abstract] |
Comprehensive Income (Loss) Note [Text Block] | NOTE C — Other Comprehensive Loss Other comprehensive loss consists of foreign currency translation adjustments, unrealized gains and losses from cash flow hedges and net investment hedges, and the unamortized gain on post-retirement plans, net of their related tax effects. The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the six months ended January 31, 2016:
| Unrealized (loss) gain on cash flow hedges |  | Unamortized gain on post-retirement plans |  | Foreign currency translation adjustments |  | Accumulated other comprehensive loss
Beginning balance, July 31, 2015 | $ | 9 |  |  | $ | 3,438 |  |  | $ | (48,481 | ) |  | $ | (45,034 | )
Other comprehensive loss before reclassification | (141 | ) |  | — |  |  | (15,613 | ) |  | (15,754 | )
Amounts reclassified from accumulated other comprehensive loss | (209 | ) |  | (1,358 | ) |  | — |  |  | (1,567 | )
Ending balance, January 31, 2016 | $ | (341 | ) |  | $ | 2,080 |  |  | $ | (64,094 | ) |  | $ | (62,355 | )
The increase in accumulated other comprehensive loss as of January 31, 2016 compared to July 31, 2015 was primarily due to the appreciation of the U.S. dollar against other currencies during the six month period. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation, foreign currency translation on intercompany notes, and the settlements of net investment hedges, net of tax. Of the total $1,567 in amounts reclassified from accumulated other comprehensive loss, the $209 gain on cash flow hedges was reclassified into cost of products sold, and the $1,358 gain on post-retirement plans was reclassified into selling, general and administrative expenses ("SG&A") on the condensed consolidated statement of earnings for the six months ended January 31, 2016. The changes in accumulated other comprehensive income (loss) by component, net of tax, for the six months ended January 31, 2015 were as follows:
| Unrealized gain (loss) on cash flow hedges |  | Unamortized gain on post-retirement plans |  | Foreign currency translation adjustments |  | Accumulated other comprehensive income (loss)
Beginning balance, July 31, 2014 | $ | (12 | ) |  | $ | 4,854 |  |  | $ | 59,314 |  |  | $ | 64,156 |
Other comprehensive income (loss) before reclassification | 1,218 |  |  | — |  |  | (57,598 | ) |  | (56,380 | )
Amounts reclassified from accumulated other comprehensive income (loss) | (58 | ) |  | (590 | ) |  | (34,697 | ) |  | (35,345 | )
Ending balance, January 31, 2015 | $ | 1,148 |  |  | $ | 4,264 |  |  | $ | (32,981 | ) |  | $ | (27,569 | )
The decrease in accumulated other comprehensive income (loss) as of January 31, 2015 compared to July 31, 2014 was primarily due the appreciation of the U.S. dollar against other currencies during the six month period. The decrease was also attributable to the accumulated foreign currency translation gains in the China Die-Cut businesses, which were reclassified into net earnings upon the completion of the second phase of the Die-Cut divestiture during the three months ended October 31, 2014. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation, foreign currency translation on intercompany notes, and the settlements of net investment hedges, net of tax. Of the total $35,345 in amounts reclassified from accumulated other comprehensive income, the $34,697 gain was reclassified to the net loss on the sale of the Die-Cut business, the $58 gain on cash flow hedges was reclassified into cost of products sold, and the $590 gain on post-retirement plans was reclassified into SG&A on the condensed consolidated statement of earnings for the six months ended January 31, 2015. The following table illustrates the income tax expense on the components of other comprehensive loss for the three and six months ended January 31, 2016 and 2015:
| Three months ended January 31, |  | Six months ended January 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
Income tax expense related to items of other comprehensive loss: |  |  |  |  |  |  |
Net investment hedge translation adjustments | $ | (1,042 | ) |  | $ | (4,788 | ) |  | $ | (1,381 | ) |  | $ | (7,967 | )
Long-term intercompany loan settlements | — |  |  | 501 |  |  | — |  |  | 550 |
Cash flow hedges | 56 |  |  | (394 | ) |  | 554 |  |  | (597 | )
Other income tax adjustments and currency translation | 7 |  |  | 27 |  |  | (8 | ) |  | 34 |
Income tax expense related to items of other comprehensive loss | $ | (979 | ) |  | $ | (4,654 | ) |  | $ | (835 | ) |  | $ | (7,980 | )

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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