XML 27 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent Events
9 Months Ended
Apr. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events
NOTE K — Subsequent Events
On May 16, 2018, the Company entered into an agreement to sell Runelandhs Försäljnings AB (“Runelandhs”), based in Kalmar, Sweden for approximately $20 million. Runelandhs is a direct marketer of industrial and office equipment with annual sales of approximately $16 million. Its products include lifting, transporting, and warehouse equipment; workbenches and material handling supplies; products for environmental protection; and entrance, reception, and office furnishings. The agreement to sell is expected to close in the fourth quarter ending July 31, 2018.
On May 22, 2018, the Board of Directors declared a quarterly cash dividend to shareholders of the Company’s Class A and Class B Common Stock of $0.2075 per share payable on July 31, 2018, to shareholders of record at the close of business on July 10, 2018.