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Income Taxes (Tables)
9 Months Ended
Apr. 30, 2019
Income Tax Disclosure [Abstract]  
Reconciliation of consolidated effective income tax rate between periods
A reconciliation of the consolidated effective income tax rate is as follows:
 
Three Months Ended
 
Nine Months Ended
Effective Rate, April 30, 2018
26.7
 %
 
16.2
 %
Deferred tax revaluation
1.0
 %
 
10.0
 %
U.S. federal statutory rate decrease
(5.8
)%
 
(5.8
)%
Foreign operations
4.9
 %
 
2.4
 %
State taxes
(0.9
)%
 
0.2
 %
Excess tax benefit
3.5
 %
 
1.4
 %
Other
4.2
 %
 
2.5
 %
Effective Rate, April 30, 2019
33.6
 %
 
26.9
 %