COMMON STOCK (Tables)

12 Months Ended

Jul. 31, 2012

Common Stock [Abstract]

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, 2012, July 31, 2011 and July 31, 2010 are illustrated in the table below. Excluded from the table below is stock-based compensation expense included in discontinued operations for the years ended July 31, 2012, July 31, 2011 and July 31, 2010 of $(174), $506 and $436, respectively.

	July 31, 2012		July 31, 2011		July 31, 2010
Restricted stock units	$	17,113	$	12,404	$	11,143
Stock options	6,356		5,253		4,795
Employee stock purchase plan (“ESPP”)	4,348		4,330		4,292
Management stock purchase plan (“MSPP”)	4,221		3,940		3,950
Total	$	32,038	$	25,927	$	24,180

Income tax effects related to stock-based compensation

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

	2012		2011		2010
Excess tax benefits in cash flows from financing activities	$	7,757	$	12,777	$	2,671
Tax benefit recognized related to total stock-based compensation expense	8,755		8,457		7,159
Actual tax benefit realized for tax deductions from option exercises of stock-based payment arrangements	16,831		23,074		8,301

Valuation of Stock options

	2012			2011			2010
Stock Options
Weighted average fair value at grant date	$	14.13		$	15.78		$	10.44
Valuation assumptions:
Expected dividend yield	2.0		%	1.9		%	2.0		%
Expected volatility	38.6		%	36.8		%	35.2		%
Expected life (years)	5			5			5
Risk-free interest rate	0.8		%	1.8		%	2.2		%

Valuation of ESPP Shares

	2012			2011			2010
ESPP Shares
Weighted average fair value at grant date	$	13.06		$	11.66		$	8.28
Valuation assumptions:
Expected dividend yield	1.4		%	1.5		%	1.9		%
Expected volatility	41.5		%	31.4		%	31.3		%
Expected life (years)	½ year			½ year			½ year
Risk-free interest rate	0.1		%	0.1		%	0.2		%

Summary of Restricted Stock Unit Activity Excluding Annual Award Units

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, 2012, is presented below: 

	Shares		Weighted- Average Grant-Date Fair Value
Nonvested at August 1, 2011	1,219		$	37.92
Granted	572		49.98
Vested	(273	)	38.07
Forfeited	(108	)	39.01
Nonvested at July 31, 2012	1,410		$	42.70

Schedule of Stock Options Activity

A summary of option activity for all stock option plans during the year ended July 31, 2012 is presented below:

Options	Shares		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at August 1, 2011	2,443		$	34.01
Granted	888		49.56
Exercised	(619	)	29.80
Forfeited or Expired	(61	)	42.01
Outstanding at July 31, 2012	2,651		$	40.03	4.4	$	38,230
Expected to vest at July 31, 2012	1,393		$	45.54	5.7	$	13,523
Exercisable at July 31, 2012	1,233		$	33.53	2.9	$	24,609

Summary of MSPP Activity

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

	2012		2011		2010
Deferred compensation and cash contributions	$	5,336	$	4,351	$	3,232
Fair value of restricted stock units vested	$	3,950	$	4,095	$	3,853
Vested units distributed	205		176		200