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Shareholders' Equity
9 Months Ended
Apr. 30, 2017
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
Shareholders’ Equity
The Company’s Board of Directors authorized the repurchase of up to 14.0 million shares of common stock on May 29, 2015. During the three months ended April 30, 2017, the Company repurchased 1.3 million shares for $58.6 million at an average price of $45.07 per share. During the nine months ended April 30, 2017, the Company repurchased 2.7 million shares for $110.4 million at an average price of $41.20 per share. As of April 30, 2017, the Company had remaining authorization to repurchase up to 7.8 million shares.
On May 24, 2017, the Company's Board of Directors declared a cash dividend in the amount of 17.5 cents per common share, payable June 28, 2017, to shareholders of record as of June 12, 2017.