Income Taxes (Tables)

3 Months Ended

Oct. 31, 2016

Income Taxes

Reconciliation of consolidated effective income tax rate between periods

	Consolidated
	Effective
	Income Tax Rate
October 31, 2015	38.1	%
Differential attributable to:
Excess tax benefits	(8.6)	%
New tax legislation	(0.7)	%
Acquisition related items, net	(0.4)	%
International operations	0.3	%
Other	(1.1)	%
October 31, 2016	27.6	%