Fair Values (Tables)

3 Months Ended

Oct. 31, 2014

Fair Values [Abstract]

Fair Value Of Outstanding Derivatives In Consolidated Balance Sheets

The following summarizes the Company’s fair value of outstanding derivatives at October 31, 2014 and July 31, 2014 on the balance sheets (thousands of dollars):

	Significant Other Observable Inputs
	(Level 2)*
	October 31,	July 31,
	2014	2014
Asset derivatives recorded under the caption Prepaids and other current assets
Foreign exchange contracts	$            4,024	$              931
Liability derivatives recorded under the caption Other current liabilities
Foreign exchange contracts	$           (3,030)	$           (1,242)
Forward exchange contracts - net asset (liability) position	$               994	$              (311)

*Inputs to the valuation methodology of Level 2 assets include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means.