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Employee Benefit Plans (Tables)
12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Compensation and Retirement Disclosure [Abstract]    
Schedule of Changes in Accumulated Postemployment Benefit Obligations
The following table provides a reconciliation of the changes in the Plan’s accumulated benefit obligations during the years ended July 31:
 
 
2013
 
2012
Obligation at beginning of year
 
$
14,225

 
$
15,011

Service cost
 
770

 
644

Interest cost
 
476

 
633

Actuarial (gain)/loss
 
(1,745
)
 
1,104

Benefit payments
 
(703
)
 
(2,062
)
Plan amendments
 

 
(1,105
)
Obligation at end of fiscal year
 
$
13,023

 
$
14,225

 
Schedule of Amounts Recognized in Balance Sheet
As of July 31, 2013 and 2012, amounts recognized as liabilities in the accompanying consolidated balance sheets consist of:
 
 
2013
 
2012
Current liability
 
$
677

 
$
716

Noncurrent liability
 
12,346

 
13,509

 
 
$
13,023

 
$
14,225

 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
As of July 31, 2013 and 2012, pre-tax amounts recognized in accumulated other comprehensive income in the accompanying consolidated balance sheets consist of:
 
 
2013
 
2012
Net actuarial gain
 
$
3,534

 
$
1,837

Prior service credit
 
1,203

 
1,405

 
 
$
4,737

 
$
3,242

 
 
2013
 
2012
 
2011
Income tax benefit (expense) related to items of other comprehensive (loss) income:
 
 
 
 
 
 
Net investment hedge translation adjustments
 
$
2,877

 
$
(7,784
)
 
$
9,324

Long-term intercompany loan settlements
 
(650
)
 
(2,508
)
 
(1,193
)
Cash flow hedges
 
454

 
(855
)
 
295

Pension and other post-retirement benefits
 
(555
)
 
583

 
(490
)
Other income tax adjustments
 
108

 
(898
)
 
(2,699
)
Income tax benefit (expense) related to items of other comprehensive (loss) income
 
$
2,234

 
$
(11,462
)
 
$
5,237

Schedule of Net Periodic Benefit Cost Not yet Recognized
Net periodic benefit cost for the Plan for fiscal years 2013, 2012, and 2011 includes the following components:
 
 
Years Ended July 31,
 
 
2013
 
2012
 
2011
Net periodic postretirement benefit cost included the following components:
 
 
 
 
 
 
Service cost — benefits attributed to service during the period
 
$
770

 
$
644

 
$
666

Prior service credit
 
(203
)
 
(203
)
 
(82
)
Interest cost on accumulated postretirement benefit obligation
 
476

 
633

 
694

Amortization of unrecognized gain
 
(47
)
 
(189
)
 
(76
)
Periodic postretirement benefit cost
 
$
996

 
$
885

 
$
1,202

 
Schedule of Assumptions Used
The following assumptions were used in accounting for the Plan:
 
 
2013
 
2012
 
2011
Weighted average discount rate used in determining accumulated postretirement benefit obligation liability
 
4.00
%
 
3.25
%
 
4.50
%
Weighted average discount rate used in determining net periodic benefit cost
 
3.25
%
 
4.50
%
 
4.50
%
Assumed health care trend rate used to measure APBO at July 31
 
8.00
%
 
8.00
%
 
8.00
%
Rate to which cost trend rate is assumed to decline (the ultimate trend rate)
 
5.50
%
 
5.50
%
 
5.50
%
Fiscal year the ultimate trend rate is reached
 
2017

 
2016

 
2017

 
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
A one-percentage point change in assumed health care cost trend rates would have the following effects on the Plan:


One-Percentage
Point Increase

One-Percentage
Point Decrease
Effect on future service and interest cost

$
14


$
(26
)
Effect on accumulated postretirement benefit obligation at July 31, 2013

234


(238
)
 
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid during the years ending July 31:
 
 
2014
$
677

2015
740

2016
813

2017
926

2018
1,041

2019 through 2023
6,733