INCOME TAXES (Tables)

12 Months Ended

Jul. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Provision (Benefit) for Income Taxes

The components of the provision (benefit) for income taxes from continuing operations are as follows:

	July 31,
Income Taxes:	2017			2016			2015
Federal	$	200,370		$	126,846		$	98,504
State and local		20,941			12,716			1,222
Total current expense		221,311			139,562			99,726
Federal		(37,033	)		(13,079	)		(7,785	)
State and local		(2,146	)		(1,192	)		(1,055	)
Total deferred (benefit)		(39,179	)		(14,271	)		(8,840	)
Total income tax expense	$	182,132		$	125,291		$	90,886

Schedule of Differences Between Income Taxes at Federal Statutory Rate and Actual Income Taxes

The differences between income taxes at the federal statutory rate and the actual income taxes are as follows:

	July 31,
	2017			2016			2015
Provision at federal statutory rate	$	194,735		$	134,160		$	102,513
State and local income taxes, net of federal benefit		11,021			6,599			5,144
Federal income tax credits and incentives		(3,228	)		(4,194	)		(2,207	)
Domestic production activities deduction		(19,527	)		(12,609	)		(9,519	)
Change in uncertain tax positions		375			611			(5,650	)
Other		(1,244	)		724			605
Total income tax expense	$	182,132		$	125,291		$	90,886

Schedule of Deferred Income Taxes

A summary of deferred income taxes is a follows:

	July 31,
	2017			2016
Deferred income tax asset (liability):
Inventory basis	$	1,460		$	1,196
Employee benefits		6,471			4,587
Self-Insurance Reserves		9,940			10,504
Accrued product warranties		73,393			43,388
Accrued incentives		6,175			5,154
Sales returns and allowances		2,340			1,642
Accrued expenses		3,399			2,607
Property, plant and equipment		(8,151	)		(4,164	)
Deferred compensation		14,556			9,145
Intangibles		(17,184	)		(22,308	)
Unrecognized tax benefits		3,925			4,105
Other		(3,355	)		(2,439	)
Deferred income tax asset, net	$	92,969		$	53,417

Schedule of Changes in Unrecognized Tax Benefit

Changes in the unrecognized tax benefit during fiscal years 2017, 2016 and 2015 were as follows:

	2017			2016			2015
Beginning balance	$	13,269		$	13,156		$	20,813
Tax positions related to prior years:
Additions		75			1,546			126
Reductions		(1,510	)		(920	)		(7,695	)
Tax positions related to current year:
Additions		3,853			3,123			2,858
Settlements		(1,450	)		(956	)		(1,898	)
Lapses in statute of limitations		(1,566	)		(2,680	)		(1,048	)
Ending balance	$	12,671		$	13,269		$	13,156

Components of Total Unrecognized Tax Benefits

The components of total unrecognized tax benefits are summarized as follows:

	July 31,
	2017			2016
Unrecognized tax benefits	$	12,671		$	13,269
Reduction to unrecognized tax benefits for tax credit carry forward		(1,882	)		(2,255	)
Accrued interest and penalties		1,209			1,547
Total unrecognized tax benefits	$	11,998		$	12,561
Short-term, included in “Income and other taxes”	$	1,735		$	2,586
Long-term		10,263			9,975
Total unrecognized tax benefits	$	11,998		$	12,561