COMMON STOCK (Tables)

12 Months Ended

Jul. 31, 2013

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share Repurchase Programs

The following table highlights the share repurchase authorizations in effect during fiscal year 2013:

	Date of Authorization
	Oct 16, 2008			Sep 26, 2011			Jan 17, 2013		Total
Amount available for repurchases as of July 31, 2012	$	81,873		$	250,000		$	—	$	331,873
New authorizations	—			—			250,000		250,000
Utilized	(81,873		)	(168,127		)	—		(250,000		)
Amount available for repurchases as of July 31, 2013	$	—		$	81,873		$	250,000	$	331,873

Schedule of Share Based Compensation Components of stock-based compensation expense

The detailed components of stock-based compensation expense recorded in the consolidated statements of earnings for the years ended July 31, 2013, July 31, 2012 and July 31, 2011 are illustrated in the table below.

	July 31, 2013		July 31, 2012		July 31, 2011
Restricted stock units	$	18,444	$	17,113	$	12,404
Stock options	6,147		6,356		5,253
Employee stock purchase plan (“ESPP”)	1,217		4,348		4,330
Management stock purchase plan (“MSPP”)	3,970		4,221		3,940
Total	$	29,778	$	32,038	$	25,927

The following table illustrates the income tax effects related to stock-based compensation for the fiscal years:

	2013		2012		2011
Excess tax benefits in cash flows from financing activities	$	15,812	$	7,757	$	12,777
Tax benefit recognized related to total stock-based compensation expense	7,587		8,755		8,457
Actual tax benefit realized for tax deductions from option exercises of stock-based payment arrangements	29,558		16,831		23,074

Valuation of Stock options

	2013			2012			2011
Stock Options
Weighted average fair value at grant date	$	18.34		$	14.13		$	15.78
Valuation assumptions:
Expected dividend yield	1.5		%	2.0		%	1.9		%
Expected volatility	37.6		%	38.6		%	36.8		%
Expected life (years)	4.75			5.00			5.00
Risk-free interest rate	0.7		%	0.8		%	1.8		%

Valuation of ESPP Shares

	2012			2011
ESPP Shares
Weighted average fair value at grant date	$	13.06		$	11.66
Valuation assumptions:
Expected dividend yield	1.4		%	1.5		%
Expected volatility	41.5		%	31.4		%
Expected life (years)	½ year			½ year
Risk-free interest rate	0.1		%	0.1		%

Schedule of Stock Options Activity

A summary of option activity for all stock option plans during the year ended July 31, 2013 is presented below:

Options	Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at August 1, 2012	2,651		$	40.03
Granted	569		64.69
Exercised	(910	)	32.18
Forfeited or Expired	(101	)	46.22
Outstanding at July 31, 2013	2,209		$	49.31	4.7	$	45,637
Expected to vest at July 31, 2013	1,374		$	54.55	5.5	$	21,199
Exercisable at July 31, 2013	815		$	40.18	3.4	$	24,263

Summary of MSPP Activity

The following is a summary of MSPP activity during the fiscal years:

	2013		2012		2011
Deferred compensation and cash contributions	$	6,819	$	5,336	$	4,351
Fair value of restricted stock units vested	$	5,364	$	3,950	$	4,095
Vested units distributed	410		205		176

Restricted Stock Units (RSUs) and Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

A summary of restricted stock unit activity, excluding annual award units, for the 2005 Stock Plan and 2012 Stock Plan during the year ended July 31, 2013, is presented below: 

	Shares		Weighted- Average Grant-Date Fair Value
Nonvested at July 31, 2012	1,410		$	42.70
Granted	464		64.34
Vested	(335	)	30.49
Forfeited	(176	)	47.10
Nonvested at July 31, 2013	1,363		$	52.50