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Employee Benefit Plans (Tables)
12 Months Ended
Jul. 31, 2017
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:
 
 
2017
 
2016
Obligation at beginning of year
 
$
3,800

 
$
4,135

Service cost
 

 
9

Interest cost
 
89

 
114

Actuarial gain
 

 
(38
)
Benefit payments
 
(499
)
 
(420
)
Obligation at end of fiscal year
 
$
3,390

 
$
3,800

Schedule of Amounts Recognized in Balance Sheet
As of July 31, 2017 and 2016, amounts recognized as liabilities in the accompanying Consolidated Balance Sheets consist of:
 
 
2017
 
2016
Current liability
 
$
449

 
$
499

Non-current liability
 
2,941

 
3,301

 
 
$
3,390

 
$
3,800

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
As of July 31, 2017 and 2016, pre-tax amounts recognized in accumulated other comprehensive loss in the accompanying Consolidated Balance Sheets consist of net actuarial gains of $5,504 and $6,048, respectively.
Schedule of Net Periodic Benefit Cost Not yet Recognized
Net periodic benefit gain for the Plan for fiscal years ended July 31, 2017, 2016, and 2015 includes the following components:
 
 
Years Ended July 31,
 
 
2017
 
2016
 
2015
Net periodic postretirement benefit gain included the following components:
 
 
 
 
 
 
Service cost
 
$

 
$
9

 
$
210

Interest cost
 
89

 
114

 
222

Amortization of prior service credit
 

 
(1,035
)
 
(1,169
)
Amortization of net actuarial gain
 
(544
)
 
(646
)
 
(804
)
        Curtailment gain
 

 

 
(4,296
)
Periodic postretirement benefit gain
 
$
(455
)
 
$
(1,558
)
 
$
(5,837
)
Schedule of Assumptions Used
The following assumptions were used in accounting for the Plan:
 
 
2017
 
2016
 
2015
Weighted average discount rate used in determining accumulated postretirement benefit obligation
 
2.50
%
 
2.50
%
 
3.00
%
Weighted average discount rate used in determining net periodic benefit cost
 
2.50
%
 
3.00
%
 
3.41
%
Assumed health care trend rate used to measure accumulated postretirement benefit obligation at July 31
 
7.25
%
 
7.50
%
 
7.00
%
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
 
2024

 
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

$
4


$
(5
)
Effect on accumulated postretirement benefit obligation at July 31, 2017

18


(19
)
Schedule of Expected Benefit Payments
The following benefit payments are expected to be paid during the years ending July 31:
 
 
2018
$
449

2019
377

2020
359

2021
339

2022
309

2023 through 2027
1,241