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Discontinued Operations (Tables)
 12 Months Ended
Jul. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
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, 2015, 2014, and 2013:
 
2015
 
2014
 
2013
Net sales (1)
$
—

 
$
179,050

 
$
214,137

(Loss) earnings from discontinued operations (2)
(1,201
)
 
6,715

 
4,083

(Loss) on write-down of disposal group (3)
—

 
—

 
(15,658
)
Income tax expense (4)
(288
)
 
(3,299
)
 
(4,703
)
Loss on sale of discontinued operations (5)
(487
)
 
(1,602
)
 
—

Income tax benefit on sale of discontinued operations (6)
61

 
364

 
—

Earnings (loss) from discontinued operations, net of tax
$
(1,915
)
 
$
2,178

 
$
(16,278
)

(1)
The second and final phase of the Die-Cut divestiture closed on August 1, 2014. Thus, there were no sales from discontinued operations in fiscal 2015.
(2)
The loss from discontinued operations in fiscal 2015 primarily related to professional fees and restructuring charges associated with the divestiture.
(3)
The Company recorded a $15.7 million loss to write-down the Die-Cut business to its estimated fair value less costs to sell in the three months ended April 30, 2013.
(4)
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.
(5)
The first phase of the Die-Cut divestiture was completed in the fourth quarter of fiscal 2014. A loss on the sale was recorded in the three months ended July 31, 2014 and includes $3.9 million in liabilities retained as part of the divestiture agreement. The second and final closing of the Die-Cut divestiture was completed in the first quarter of fiscal 2015 and an additional loss on the sale was recorded in the three months ended October 31, 2014.
(6)
The income tax benefit on the sale of discontinued operations in fiscal 2014 was significantly impacted by the release of a reserve for uncertain tax positions of $4.0 million, which was triggered as a result of the Thailand stock sale during the three months ended July 31, 2014. This was offset by $3.6 million in tax expense related to the gain on the sale of the Balkhausen assets. The Thailand stock sale and the Balkhausen asset sale were included in the first phase of the Die-Cut divestiture.