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Employee Benefit Plans (Tables)
12 Months Ended
Jul. 31, 2015
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 obligation during the years ended July 31:
 
 
2015
 
2014
Obligation at beginning of year
 
$
8,056

 
$
13,023

Service cost
 
210

 
674

Interest cost
 
222

 
534

Actuarial loss (gain)
 
502

 
(4,691
)
Benefit payments
 
(365
)
 
(473
)
Plan amendments
 
(1,935
)
 
(1,011
)
Curtailment gain
 
(2,555
)
 

Obligation at end of fiscal year
 
$
4,135

 
$
8,056

Schedule of Amounts Recognized in Balance Sheet
As of July 31, 2015 and 2014, amounts recognized as liabilities in the accompanying Consolidated Balance Sheets consist of:
 
 
2015
 
2014
Current liability
 
$
659

 
$
476

Non-current liability
 
3,476

 
7,580

 
 
$
4,135

 
$
8,056

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
As of July 31, 2015 and 2014, pre-tax amounts recognized in accumulated other comprehensive income in the accompanying Consolidated Balance Sheets consist of:
 
 
2015
 
2014
Net actuarial gain
 
$
6,655

 
$
7,960

Prior service credit
 
1,035

 
2,011

 
 
$
7,690

 
$
9,971

Schedule of Net Periodic Benefit Cost Not yet Recognized
Net periodic benefit cost for the Plan for fiscal years 2015, 2014, and 2013 includes the following components:
 
 
Years Ended July 31,
 
 
2015
 
2014
 
2013
Net periodic postretirement benefit cost included the following components:
 
 
 
 
 
 
Service cost
 
$
210

 
$
674

 
$
770

Interest cost
 
222

 
534

 
476

Amortization of prior service credit
 
(1,169
)
 
(203
)
 
(203
)
Amortization of net actuarial gain
 
(804
)
 
(265
)
 
(47
)
        Curtailment gain
 
(4,296
)
 

 

Periodic postretirement benefit cost
 
$
(5,837
)
 
$
740

 
$
996

Schedule of Assumptions Used
The following assumptions were used in accounting for the Plan:
 
 
2015
 
2014
 
2013
Weighted average discount rate used in determining accumulated postretirement benefit obligation
 
3.00
%
 
3.50
%
 
4.00
%
Weighted average discount rate used in determining net periodic benefit cost
 
3.41
%
 
4.00
%
 
3.25
%
Assumed health care trend rate used to measure APBO at July 31
 
7.00
%
 
7.50
%
 
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
 
2018

 
2018

 
2018

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

$
2


$
(2
)
Effect on accumulated postretirement benefit obligation at July 31, 2015

8


(8
)
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:
 
 
2016
$
659

2017
614

2018
569

2019
508

2020
439

2021 through 2025
1,264