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Unaudited Quarterly Financial Information (Notes)
 12 Months Ended
Jul. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Information
Unaudited Quarterly Financial Information
 
 
Quarters
 
 
First
 
Second
 
Third
 
Fourth
 
Total
2015
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
310,240

 
$
282,628

 
$
290,227

 
$
288,636

 
$
1,171,731

Gross margin
 
150,161

 
138,203

 
140,999

 
129,069

 
558,432

Operating income (loss) *
 
26,973

 
16,811

 
24,285

 
(32,763
)
 
35,306

Earnings (loss) from continuing operations
 
15,499

 
11,584

 
17,213

 
(39,394
)
 
4,902

(Loss) earnings from discontinued operations, net of income taxes **
 
(1,915
)
 
—

 
—

 
—

 
(1,915
)
Net earnings (loss) from continuing operations per
 
 
 
 
 
 
 
 
 
 
Class A Common Share:
 
 
 
 
 
 
 
 
 
 
Basic***
 
$
0.30

 
$
0.23

 
$
0.34

 
$
(0.77
)
 
$
0.10

Diluted***
 
$
0.30

 
$
0.23

 
$
0.33

 
$
(0.77
)
 
$
0.10

Net earnings (loss) from discontinued operations per
 
 
 
 
 
 
 
 
 
 
Class A Common Share:
 
 
 
 
 
 
 
 
 
 
Basic***
 
$
(0.03
)
 
$
—

 
$
—

 
$
—

 
$
(0.04
)
Diluted***
 
$
(0.04
)
 
$
—

 
$
—

 
$
—

 
$
(0.04
)
2014
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
307,530

 
$
291,194

 
$
309,577

 
$
316,733

 
$
1,225,034

Gross margin
 
157,847

 
142,536

 
155,120

 
154,061

 
609,564

Operating income *
 
29,689

 
18,346

 
26,767

 
(116,013
)
 
(41,211
)
Earnings from continuing operations
 
18,135

 
10,517

 
20,183

 
(96,981
)
 
(48,146
)
Earnings (loss) from discontinued operations, net of income taxes **
 
5,795

 
5,907

 
3,904

 
(13,428
)
 
2,178

Net earnings from continuing operations per
 
 
 
 
 
 
 
 
 
 
Class A Common Share:
 
 
 
 
 
 
 
 
 
 
Basic***
 
$
0.35

 
$
0.20

 
$
0.39

 
$
(1.89
)
 
$
(0.93
)
Diluted***
 
$
0.35

 
$
0.20

 
$
0.39

 
$
(1.89
)
 
$
(0.93
)
Net earnings (loss) from discontinued operations per
 
 
 
 
 
 
 
 
 
 
Class A Common Share:
 
 
 
 
 
 
 
 
 
 
Basic***
 
$
0.11

 
$
0.11

 
$
0.08

 
$
(0.26
)
 
$
0.04

Diluted***
 
$
0.11

 
$
0.11

 
$
0.08

 
$
(0.26
)
 
$
0.04


The fiscal 2014 quarterly financial data has been impacted by the reclassification of the Die-Cut business into discontinued operations. Refer to Note 15 within Item 8 for further information on discontinued operations.

* In fiscal 2015, the Company recorded before tax impairment charges of $46,867 in the fourth quarter ended July 31, 2015 and before tax restructuring charges of $4,278, $4,879, $4,834 and $2,830 in the first, second, third, and fourth quarters of fiscal 2015, respectively, for a total of $16,821. In fiscal 2014, the Company recorded before tax impairment charges of $148,551 in the fourth quarter ended July 31, 2014 and before tax restructuring charges of $6,840, $4,324, $3,039, and $809 in the first, second, third and fourth quarters of fiscal 2014, respectively, for a total of $15,012.

**
In fiscal 2015, the loss from discontinued operations included a net loss on operations of $1,489 primarily related to professional fees associated with the divestiture and a $426 net loss on the sale of Die-Cut, recorded in the first quarter ended October 31, 2014. In the fourth quarter of fiscal 2014, the Company incurred restructuring charges of $6,989 and a net loss on the sale of the Die Cut business of $1,238 in discontinued operations.

*** The sum of the quarters does not equal the year-to-date total for fiscal 2015 and fiscal 2014 due to the quarterly changes in
weighted-average shares outstanding.