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Stock Option Plans (Tables)
12 Months Ended
Jul. 31, 2014
Stock Option Plans [Abstract]  
Weighted Average Assumptions For Recognized Fair Value Of Stock-Based Employee Compensation Cost

 

 

 

 

 

 

 

2014

 

2013

 

2012

Risk - free interest rate

0.31 - 2.8%

 

0.02 - 1.7%

 

0.10 - 1.8%

Expected volatility

18.2 - 28.0%

 

22.5 - 29.7%

 

25.8 - 31.9%

Expected dividend yield

1.4 - 1.6%

 

1.0 - 1.4%

 

1.0% 

Expected life

 

 

 

 

 

Director and officer grants

8 years

 

8 years

 

8 years

Non - officer original grants

7 years

 

7 years

 

7 years

Reload grants

<6 years

 

<5 years

 

<8 years

 

Stock Option Activity

 

 

 

 

 

 

 

 

Weighted

 

Options

 

Average Exercise

 

Outstanding

 

Price

Outstanding at July 31, 2011

8,387,994 

 

$

17.72 

Granted

1,082,979 

 

 

34.76 

Exercised

(1,379,827)

 

 

11.90 

Canceled

(34,819)

 

 

27.45 

Outstanding at July 31, 2012

8,056,327 

 

 

20.97 

Granted

965,050 

 

 

33.91 

Exercised

(1,607,081)

 

 

14.79 

Canceled

(84,476)

 

 

33.94 

Outstanding at July 31, 2013

7,329,820 

 

 

23.88 

Granted

900,073 

 

 

42.17 

Exercised

(1,008,848)

 

 

18.80 

Canceled

(23,163)

 

 

34.02 

Outstanding at July 31, 2014

7,197,882 

 

 

26.84 

 

Outstanding And Exercisable Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

Weighted

 

 

 

Weighted

 

 

 

 

Remaining

 

Average

 

 

 

Average

 

 

Number

 

Contractual

 

Exercise

 

Number

 

Exercise

Range of Exercise Prices

 

Outstanding

 

Life (Years)

 

Price

 

Exercisable

 

Price

$0.00 to $16.69

 

1,003,381 

 

1.18 

 

$

15.93 

 

1,003,381 

 

$

15.93 

$16.70 to $22.69

 

2,197,543 

 

4.12 

 

 

19.13 

 

2,197,543 

 

 

19.13 

$22.70 to $28.69

 

400,114 

 

3.41 

 

 

22.97 

 

400,114 

 

 

22.97 

$28.70 to $34.69

 

1,839,809 

 

7.25 

 

 

31.58 

 

1,254,101 

 

 

30.59 

$34.70 and above

 

1,757,035 

 

8.10 

 

 

38.64 

 

622,680 

 

 

35.52 

 

 

7,197,882 

 

5.44 

 

 

26.84 

 

5,477,819 

 

 

23.31 

 

Status For Options Which Contain Vesting Provisions

 

 

 

 

 

 

 

 

Weighted

 

 

 

Average Grant

 

 

 

Date Fair

 

Options

 

Value

Non - vested at July 31, 2013

1,805,803 

 

$

9.18 

Granted

849,850 

 

 

11.63 

Vested

(915,677)

 

 

9.24 

Canceled

(19,913)

 

 

9.47 

Non - vested at July 31, 2014

1,720,063 

 

 

10.35