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Discontinued Operations (Tables)
12 Months Ended
Jul. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of Divested Businesses
The operating results have been reported as discontinued operations for the comparative periods ended July 31, 2013, 2012, and 2011, including the operating results of the following four previously divested businesses:
Divestitures
 
Segment
 
Date Completed
Etimark
 
ID Solutions
 
July 2012
Precision Converting, LLC (“Brady Medical”)
 
ID Solutions
 
August 2012
Teklynx
 
ID Solutions
 
December 2010
Varitronics
 
ID Solutions
 
October 2012
Asia Die-Cut & Balkhausen [Member]
 
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
The following table summarizes the operating results of discontinued operations for the fiscal years ending July 31, 2013, 2012 and 2011:
 
2013
 
2012
 
2011
Net sales
$
219,819

 
$
262,484

 
$
289,407

Earnings (loss) from operations of discontinued businesses (1)
7,154

 
(116,673
)
 
16,434

(Loss) on write-down of disposal group (2)
(15,658
)
 

 

Income tax expense (3)
(5,215
)
 
(3,709
)
 
(13,739
)
(Loss) earnings from discontinued operations, net of income tax
$
(13,719
)
 
$
(120,382
)
 
$
2,695


(1)
The loss from operations of discontinued businesses in fiscal 2012 was primarily attributable to the $115.7 million goodwill impairment charge recorded during the three months ending January 31, 2012, which was related to the Asia Die-Cut disposal group.
(2)
The $15.7 million loss relates to the write-down of the Asia Die-Cut disposal group to its estimated fair value less costs to sell and was recorded in the three months ending April 30, 2013.
(3)
Fiscal 2013 income tax expense was significantly impacted by the fiscal 2013 losses in China and Sweden, which had no tax benefit, and the increase in valuation allowance related to Shenzhen, China.

The following table details assets and liabilities of the Asia Die-Cut & Balkhausen disposal groups classified as held for sale as of July 31, 2013:
 
July 31, 2013
Accounts receivable—net
$
47,499

Total inventories
20,200

Prepaid expenses and other current assets
1,469

Total current assets
69,168

 
 
Other assets:
 
Goodwill
37,347

Other intangible assets
914

Other
1,937

Property, plant and equipment—net
26,156

Total assets
$
135,522

 
 
Current liabilities:
 
Accounts payable
$
29,769

Wages and amounts withheld from employees
3,143

Other current liabilities
1,671

Total current liabilities
34,583

 
 
Net assets of disposal group
100,939

Less: write-down on disposal group
(15,658
)
Net assets of disposal group at fair value
$
85,281