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Stockholder's Investments (Tables)
12 Months Ended
Jul. 31, 2015
Equity [Abstract]  
Schedule of Capital Stock
Information as to the Company’s capital stock at July 31, 2015 and 2014 is as follows:
 
 
July 31, 2015
 
July 31, 2014
 
 
Shares
Authorized
 
Shares
Issued
 
(thousands)
Amount
 
Shares
Authorized
 
Shares
Issued
 
(thousands)
Amount
Preferred Stock, $.01 par value
 
5,000,000

 
 
 
 
 
5,000,000

 
 
 
 
Cumulative Preferred Stock:
6% Cumulative
 
5,000

 
 
 
 
 
5,000

 
 
 
 
1972 Series
 
10,000

 
 
 
 
 
10,000

 
 
 
 
1979 Series
 
30,000

 
 
 
 
 
30,000

 
 
 
 
Common Stock, $.01 par value: Class A Nonvoting
 
100,000,000

 
51,261,487

 
$
513

 
100,000,000

 
51,261,487

 
$
513

Class B Voting
 
10,000,000

 
3,538,628

 
35

 
10,000,000

 
3,538,628

 
35

 
 
 
 
 
 
$
548

 
 
 
 
 
$
548

Schedule of Other Activity in Stockholders' Investment
The following is a summary of other activity in stockholders’ investment for the fiscal years ended July 31, 2015, 2014, and 2013:
 
 
Unearned Restricted Stock
 
Deferred Compensation
 
Shares Held in Rabbi Trust, at cost
 
Total
Balances at July 31, 2012
 
$
(3,763
)
 
$
11,610

 
$
(11,151
)
 
$
(3,304
)
Shares at July 31, 2012
 
 
 
517,105

 
517,105

 
 
Sale of shares at cost
 

 
(1,461
)
 
1,419

 
(42
)
Purchase of shares at cost
 

 
891

 
(891
)
 

Forfeitures of restricted stock
 
838

 

 

 
838

Amortization of restricted stock
 
1,788

 

 

 
1,788

Balances at July 31, 2013
 
(1,137
)
 
11,040

 
(10,623
)
 
(720
)
Shares at July 31, 2013
 
 
 
$
469,797

 
$
469,797

 
 
Sale of shares at cost
 
$

 
(1,637
)
 
1,496

 
$
(141
)
Purchase of shares at cost
 

 
821

 
(821
)
 

Effect of plan amendment
 

 
(2,435
)
 

 
(2,435
)
Amortization of restricted stock
 
1,137

 

 

 
1,137

Balances at July 31, 2014
 
$

 
$
7,789

 
$
(9,948
)
 
$
(2,159
)
Shares at July 31, 2014
 
 
 
338,711

 
423,415

 
 
Sale of shares at cost
 

 
(2,325
)
 
2,235

 
(90
)
Purchase of shares at cost
 

 
220

 
(1,035
)
 
(815
)
Balances at July 31, 2015
 
$

 
$
5,684

 
$
(8,748
)
 
$
(3,064
)
Shares at July 31, 2015
 
 
 
252,261

 
362,025

 
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Black-Scholes Option Valuation Assumptions
 
2015
 
2014
 
2013
Expected term (in years)
 
6.05

 
5.97

 
5.93

Expected volatility
 
34.01
%
 
37.32
%
 
38.67
%
Expected dividend yield
 
2.48
%
 
2.35
%
 
2.21
%
Risk-free interest rate
 
1.90
%
 
1.80
%
 
0.91
%
Weighted-average market value of underlying stock at grant date
 
$
22.76

 
$
30.98

 
$
30.58

Weighted-average exercise price
 
$
22.76

 
$
30.98

 
$
30.58

Weighted-average fair value of options granted during the period
 
$
6.12

 
$
9.17

 
$
9.05

Summary of Stock Option Activity under Company's Share-Based Compensation Plans
for the fiscal year ended July 31, 2015:
 
 
Option Price
 
Options Outstanding
 
Weighted Average Exercise Price
Balance as of July 31, 2014
 
$
17.23

$40.37
 
4,204,260

 
$
30.82

Options granted
 
22.66

27.28
 
628,340

 
22.76

Options exercised
 
17.23

27.00
 
(68,533
)
 
23.73

Options cancelled
 
22.63

40.37
 
(1,263,116
)
 
30.48

Balance as of July 31, 2015
 
$
20.95

$38.31
 
3,500,951

 
$
29.64

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information about stock options outstanding at July 31, 2015:
 
 
Options Outstanding
 
Options Outstanding and Exercisable
Range of Exercise Prices
 
Number of  Shares
Outstanding at
July 31, 2015
 
Weighted  Average
Remaining
Contractual Life
(in years)
 
Weighted
Average
Exercise
Price
 
Shares
Exercisable
at July 31,
2015
 
Weighted  Average
Remaining
Contractual Life
(in years)
 
Weighted
Average
Exercise
Price
$20.95 - $26.99
 
711,527

 
7.7
 
$
22.27

 
180,667

 
3.4
 
$
20.95

$27.00 - $32.99
 
1,976,924

 
5.8
 
29.12

 
1,667,452

 
5.5
 
28.86

$33.00 - $38.31
 
812,500

 
2.0
 
37.34

 
794,836

 
1.8
 
37.39

Total
 
3,500,951

 
5.3
 
29.64

 
2,642,955

 
4.3
 
$
30.88

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
The following tables summarize the RSU and restricted share activity for the fiscal year ended July 31, 2015:
Service-Based Restricted Shares and RSUs
 
Shares
 
Weighted Average Grant Date
 Fair Value
Balance as of July 31, 2014
 
104,857

 
$
31.02

New grants
 
661,412

 
24.28

Vested
 
(34,247
)
 
30.79

Forfeited
 
(54,568
)
 
27.64

Balance as of July 31, 2015
 
677,454

 
$
24.72

The service-based restricted shares and RSUs awarded during the fiscal years ended July 31, 2014 and 2013 had a weighted-average grant-date fair value of $30.93 and $32.99, respectively.
Performance-Based Restricted Shares and RSUs
 
Shares
 
Weighted Average Grant Date
 Fair Value
Balance as of July 31, 2014
 
80,000

 
$
32.50

New grants
 

 

Vested
 

 

Forfeited
 
(80,000
)
 
32.50

Balance as of July 31, 2015
 

 
$


The performance-based restricted shares and RSUs awarded during the fiscal year ended July 31, 2013 had a weighted-average grant-date fair value of $30.21. No performance-based restricted shares were granted during the fiscal year ended July 31, 2014.