Brady (BRC) 10-Q 16 Nov 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Oct. 31, 2016	Nov. 15, 2016
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	BRC
Entity Registrant Name	BRADY CORP
Entity Central Index Key	746,598
Current Fiscal Year End Date	--07-31
Entity Filer Category	Large Accelerated Filer
Class A nonvoting common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		47,347,251
Class B Voting Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,538,628

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2016	Jul. 31, 2016
Current assets:
Cash and cash equivalents	$ 166,301	$ 141,228
Accounts receivable—net	145,831	147,333
Inventories:
Finished products	61,616	64,313
Work-in-process	16,971	16,678
Raw materials and supplies	18,815	18,436
Total inventories	97,402	99,427
Prepaid expenses and other current assets	20,392	19,436
Total current assets	429,926	407,424
Other assets:
Goodwill	424,345	429,871
Other intangible assets	57,590	59,806
Deferred income taxes	23,032	27,238
Other	15,550	17,181
Property, plant and equipment, cost:
Land	7,267	5,809
Buildings and improvements	95,288	95,355
Machinery and equipment	255,544	256,549
Construction in progress	2,093	2,842
Property, plant and equipment, gross	360,192	360,555
Less accumulated depreciation	260,368	258,111
Property, plant and equipment—net	99,824	102,444
Total	1,050,267	1,043,964
Current liabilities:
Notes payable	5,354	4,928
Accounts payable	58,011	62,245
Wages and amounts withheld from employees	49,510	45,998
Taxes, other than income taxes	7,373	7,403
Accrued income taxes	3,219	6,136
Other current liabilities	42,031	40,017
Total current liabilities	165,498	166,727
Long-term obligations, less current maturities	210,608	211,982
Other liabilities	60,107	61,657
Total liabilities	436,213	440,366
Stockholders’ investment:
Class A nonvoting common stock—Issued 51,261,487 and 51,261,487 shares, respectively, and outstanding 47,334,496 and 46,920,974 shares, respectively	513	513
Class B voting common stock—Issued and outstanding, 3,538,628 shares	35	35
Additional paid-in capital	317,044	317,001
Earnings retained in the business	465,554	453,371
Treasury stock—3,926,991and 4,340,513 shares, respectively, of Class A nonvoting common stock, at cost	(97,840)	(108,714)
Accumulated other comprehensive loss	(66,914)	(54,745)
Other	(4,338)	(3,863)
Total stockholders’ investment	614,054	603,598
Total	$ 1,050,267	$ 1,043,964

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Oct. 31, 2016	Jul. 31, 2016
Class A nonvoting common stock
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	47,334,496	46,920,974
Treasury stock, shares	3,926,991	4,340,513
Class B Voting Common Stock
Common stock, shares issued	3,538,628	3,538,628
Common stock, shares outstanding	3,538,628	3,538,628

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Net sales	$ 280,176	$ 283,073
Cost of products sold	139,818	143,724
Gross margin	140,358	139,349
Operating expenses:
Research and development	9,146	8,569
Selling, general and administrative	98,004	100,678
Total operating expenses	107,150	109,247
Operating income	33,208	30,102
Other expense:
Investment and other (expense) income	(489)	(759)
Interest expense	(1,732)	(2,151)
Earnings before income taxes	30,987	27,192
Income tax expense	8,434	8,489
Net earnings	$ 22,553	$ 18,703
Weighted average common shares outstanding (in thousands):
Weighted average common shares outstanding, basic (in thousands):	50,634	51,029
Weighted average common shares outstanding, diluted (in thousands):	51,455	51,089
Class A Nonvoting Common Stock
Earnings Per Share
Net earnings per share, basic	$ 0.45	$ 0.37
Net earnings per share, diluted	0.44	0.37
Dividends	$ 0.21	$ 0.20
Class B Voting Common Stock
Other expense:
Earnings from continuing operations	$ 21,751	$ 17,919
Earnings Per Share
Net earnings per share, basic	$ 0.43	$ 0.35
Net earnings per share, diluted	0.42	0.35
Dividends	$ 0.19	$ 0.19

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Statement of Comprehensive Income [Abstract]
Net earnings	$ 22,553	$ 18,703
Foreign currency translation adjustments:
Foreign currency translation adjustments	(14,254)	(6,483)
Reclassification adjustment for gains included in net earnings		0
Net investment hedge translation adjustments	4,021	871
Long-term intercompany loan translation adjustments:
Long-term intercompany loan translation adjustments:	(837)	(1,424)
Cash flow hedges:
Net gain (loss) recognized in other comprehensive loss	298	(260)
Reclassification adjustment for losses (gains) included in net earnings	405	(457)
Total cash flow hedges	703	(717)
Pension and other post-retirement benefits:
Actuarial gain amortization	(136)	(161)
Prior service credit amortization	0	(622)
Total pension and post-retirement benefits	(136)	(783)
Other comprehensive income (loss), before tax	(10,503)	(8,536)
Income tax benefit (expense) related to items of other comprehensive loss	(1,666)	144
Other comprehensive loss, net of tax	(12,169)	(8,392)
Comprehensive income	$ 10,384	$ 10,311

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Operating activities:
Net earnings	$ 22,553	$ 18,703
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,234	8,889
Non-cash portion of stock-based compensation expense	3,155	2,596
Deferred income taxes	2,027	726
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable	(680)	(3,342)
Inventories	1,197	1,368
Prepaid expenses and other assets	(1,170)	(3,081)
Accounts payable and accrued liabilities	2,546	2,402
Income taxes	(2,869)	2,109
Net cash provided by operating activities	33,993	30,370
Investing activities:
Purchases of property, plant and equipment	(3,959)	(2,334)
Other	1,511	1,539
Net cash used in investing activities	(2,448)	(795)
Financing activities:
Payment of dividends	(10,370)	(10,183)
Proceeds from exercise of stock options	8,813	0
Purchase of treasury stock	0	(16,160)
Proceeds (repayments) from borrowing on credit facilities	426	(2,738)
Debt issuance costs	0	(803)
Income tax on equity-based compensation, and other	(1,232)	(1,007)
Net cash used in financing activities	(2,363)	(30,891)
Effect of exchange rate changes on cash	(4,109)	(2,566)
Net increase (decrease) in cash and cash equivalents	25,073	(3,882)
Cash and cash equivalents, beginning of period	141,228	114,492
Cash and cash equivalents, end of period	$ 166,301	$ 110,610

Basis of Presentation

Basis of Presentation	3 Months Ended
	Oct. 31, 2016
Text Block [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements included herein have been prepared by Brady Corporation and subsidiaries (the "Company," "Brady," "we," or "our") without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of the Company, the foregoing statements contain all adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial position of the Company as of October 31, 2016 and July 31, 2016 , its results of operations and comprehensive income for the three months ended October 31, 2016 and 2015 , and cash flows for the three months ended October 31, 2016 and 2015 . The consolidated balance sheet as of July 31, 2016 has been derived from the audited consolidated financial statements as of that date. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts therein. Due to the inherent uncertainty involved in making estimates, actual results in future periods may differ from the estimates. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to rules and regulations of the Securities and Exchange Commission. Accordingly, the condensed consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statement presentation. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s annual report on Form 10-K for the year ended July 31, 2016 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Oct. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill for the three months ended October 31, 2016 , were as follows: IDS WPS Total Balance as of July 31, 2016 $ 384,529 $ 45,342 $ 429,871 Translation adjustments (4,805 ) (721 ) (5,526 ) Realignment of businesses between segments 2,490 (2,490 ) — Balance as of October 31, 2016 $ 382,214 $ 42,131 $ 424,345 Goodwill at October 31, 2016 and July 31, 2016 included $118,637 and $209,392 of accumulated impairment losses within the ID Solutions ("IDS") and Workplace Safety ("WPS") segments, respectively, for a total of $328,029 . There were no impairment charges recorded during the three months ended October 31, 2016 . As further discussed in Note E - Segment Information, the Company realigned certain businesses between the WPS and IDS reportable segments effective August 1, 2016. In accordance with ASC 350, "Intangibles - Goodwill and Other," the Company completed a relative fair value calculation of the businesses that were realigned and moved the corresponding balance of $2,490 goodwill between the two reportable segments. Other intangible assets include patents, trademarks, customer relationships, non-compete agreements and other intangible assets with finite lives being amortized in accordance with the accounting guidance for other intangible assets. The Company also has unamortized indefinite-lived trademarks that are classified as other intangible assets. The net book value of these assets was as follows: October 31, 2016 July 31, 2016 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Amortized other intangible assets: Patents 5 $ 12,245 $ (11,146 ) $ 1,099 5 $ 12,252 $ (11,063 ) $ 1,189 Trademarks and other 5 14,019 (13,704 ) 315 5 14,359 (13,709 ) 650 Customer relationships 7 134,472 (101,295 ) 33,177 7 135,795 (100,830 ) 34,965 Non-compete agreements and other 4 9,129 (9,121 ) 8 4 9,153 (9,142 ) 11 Unamortized other intangible assets: Trademarks N/A 22,991 — 22,991 N/A 22,991 — 22,991 Total $ 192,856 $ (135,266 ) $ 57,590 $ 194,550 $ (134,744 ) $ 59,806 The decrease in the gross carrying amount of other intangible assets as of October 31, 2016 compared to July 31, 2016 was due to the effects of currency fluctuations during the three-month period. The gross carrying amount of goodwill and other intangible assets in the Condensed Consolidated Balance Sheets at October 31, 2016 differs from the value assigned to them in the original allocation of purchase price due to impairments and the effect of currency fluctuations between the date of acquisition and October 31, 2016 . Amortization expense on intangible assets was $ 1,895 and $ 2,633 for the three months ended October 31, 2016 and 2015 , respectively. The amortization over each of the next five fiscal years is projected to be $ 7,238 , $ 6,551 , $ 6,283 , $ 5,789 and $ 5,743 for the fiscal years ending July 31, 2017 , 2018 , 2019 , 2020 and 2021 , respectively.

Other Comprehensive Income Othe

Other Comprehensive Income Other Comprehensive Income (Loss)	3 Months Ended
	Oct. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income (Loss) Note	Comprehensive Loss Other comprehensive loss consists of foreign currency translation adjustments, unrealized gains and losses from cash flow hedges and net investment hedges, and the unamortized gain on post-retirement plans, net of their related tax effects. The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the three months ended October 31, 2016 : Gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2016 $ (857 ) $ 2,236 $ (56,124 ) $ (54,745 ) Other comprehensive income (loss) before reclassification 328 — (12,608 ) (12,280 ) Amounts reclassified from accumulated other comprehensive loss 247 (136 ) — 111 Ending balance, October 31, 2016 $ (282 ) $ 2,100 $ (68,732 ) $ (66,914 ) The increase in the accumulated other comprehensive loss as of October 31, 2016 compared to July 31, 2016 was primarily due to the appreciation of the U.S. dollar against certain other currencies. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation, foreign currency translation on intercompany notes, and the settlements of net investment hedges, net of tax. Of the total $111 in amounts reclassified from accumulated other comprehensive loss, the $247 loss on cash flow hedges was reclassified into cost of goods sold and the $136 gain on post-retirement plans was reclassified into selling, general and administrative expenses ("SG&A") on the Condensed Consolidated Statements of Earnings for the three months ended October 31, 2016 . The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2015 were as follows: (Loss) gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2015 $ 9 $ 3,438 $ (48,481 ) $ (45,034 ) Other comprehensive income (loss) before reclassification 60 — (7,390 ) (7,330 ) Amounts reclassified from accumulated other comprehensive loss (279 ) (783 ) — (1,062 ) Ending balance, October 31, 2015 $ (210 ) $ 2,655 $ (55,871 ) $ (53,426 ) The increase in accumulated other comprehensive loss as of October 31, 2015 compared to July 31, 2015 was primarily due to the appreciation of the U.S. dollar against certain other currencies. The foreign currency translation adjustments column in the table above includes the impact of foreign currency translation, foreign currency translation on intercompany notes, and the settlements of net investment hedges, net of tax. Of the total $1,062 in amounts reclassified from accumulated other comprehensive loss, the $279 gain on cash flow hedges was reclassified into cost of goods sold and the $783 gain on post-retirement plans was reclassified into SG&A on the Condensed Consolidated Statements of Earnings for the three months ended October 31, 2015 . The following table illustrates the income tax (expense) benefit on the components of other comprehensive loss for the three months ended October 31, 2016 and 2015 : Three months ended October 31, 2016 2015 Income tax (expense) benefit related to items of other comprehensive loss: Net investment hedge translation adjustments $ (1,568 ) $ (340 ) Cash flow hedges (128 ) 499 Other income tax adjustments and currency translation 30 (15 ) Income tax (expense) benefit related to items of other comprehensive loss $ (1,666 ) $ 144

Net Income per Common Share

Net Income per Common Share	3 Months Ended
	Oct. 31, 2016
Earnings Per Share [Abstract]
Net Income per Common Share	Net Earnings per Common Share Reconciliations of the numerator and denominator of the basic and diluted per share computations for the Company’s Class A and Class B common stock are summarized as follows: Three months ended October 31, 2016 2015 Numerator: (in thousands) Earnings (Numerator for basic and diluted Class A Nonvoting Common Share) $ 22,553 $ 18,703 Less: Preferential dividends (788 ) (783 ) Preferential dividends on dilutive stock options (14 ) (1 ) Numerator for basic and diluted earnings per Class B Voting Common Share $ 21,751 $ 17,919 Denominator: (in thousands) Denominator for basic earnings for both Class A and Class B 50,634 51,029 Plus: Effect of dilutive stock options 821 60 Denominator for diluted earnings per share for both Class A and Class B 51,455 51,089 Net earnings per Class A Nonvoting Common Share: Basic $ 0.45 $ 0.37 Diluted $ 0.44 $ 0.37 Net earnings per Class B Voting Common Share: Basic $ 0.43 $ 0.35 Diluted $ 0.42 $ 0.35 Options to purchase approximately 772,334 and 4,172,000 shares of Class A Nonvoting Common Stock for the three months ended October 31, 2016 and 2015 , respectively, were not included in the computation of diluted net earnings per share because the option exercise price was greater than the average market price of the common shares and, therefore, the effect would have been anti-dilutive.

Segment Information

Segment Information	3 Months Ended
	Oct. 31, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is organized and managed on a global basis within three operating segments, Identification Solutions, Workplace Safety, and People Identification ("PeopleID"), which aggregate into two reportable segments that are organized around businesses with consistent products and services: IDS and WPS. The Identification Solutions and PeopleID operating segments aggregate into the IDS reporting segment, while the WPS reporting segment is comprised solely of the Workplace Safety operating segment. Effective August 1, 2016, the Company changed its internal measure of segment profit and loss that is reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segment and assessing its performance. Prior to August 1, 2016, certain administrative costs were excluded from the measure of segment profit and loss. Effective August 1, 2016, a portion of these administrative costs have been included within the IDS and WPS segments, which includes the cost of finance, information technology, human resources, and certain other administrative costs. Interest Expense, investment and other income (expense), income taxes, and certain corporate administrative expenses continue to be excluded when evaluating segment performance. Also effective August 1, 2016, the Company realigned certain businesses between the WPS and IDS reportable segments, resulting in increased revenues and segment profit in the IDS segment and equal and offsetting declines in revenues and segment profit in the WPS segment. The Company's accompanying segment information has been restated to reflect the change in measurement of segment profit and loss and the realignment of businesses. The following is a summary of segment information for the three months ended October 31, 2016 and 2015 : Three months ended October 31, 2016 2015 Sales to External Customers: ID Solutions $ 201,264 $ 201,020 Workplace Safety 78,912 82,053 Total Company $ 280,176 $ 283,073 Segment Profit: ID Solutions $ 33,068 $ 25,431 Workplace Safety 6,450 9,382 Total Company $ 39,518 $ 34,813 The following is a reconciliation of segment profit to earnings before income taxes for the three months ended October 31, 2016 and 2015 : Three months ended October 31, 2016 2015 Total profit from reportable segments $ 39,518 $ 34,813 Unallocated amounts: Administrative costs (6,310 ) (4,711 ) Investment and other (expense) income (489 ) (759 ) Interest expense (1,732 ) (2,151 ) Earnings before income taxes $ 30,987 $ 27,192

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Oct. 31, 2016
Share-based Arrangements with Employees and Nonemployees [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company has an incentive stock plan under which the Board of Directors may grant nonqualified stock options to purchase shares of Class A Nonvoting Common Stock, restricted stock units ("RSUs"), or restricted and unrestricted shares of Class A Nonvoting Common Stock to employees and non-employee directors. Certain awards may be subject to pre-established performance goals. The options issued under the plan have an exercise price equal to the fair market value of the underlying stock at the date of grant and generally vest over a three-year service period, with one-third becoming exercisable one year after the grant date and one-third additional in each of the succeeding two years. Options issued under the plan, referred to herein as “service-based” stock options, generally expire 10 years from the date of grant. Restricted shares and RSUs issued under the plan have an issuance price equal to the fair market value of the underlying stock at the date of grant. Shares issued under the plan are referred to herein as either "service-based" or "performance-based" restricted shares and RSUs. The service-based RSUs granted under the plan generally vest over a three-year service period, with one-third becoming exercisable one year after the grant date and one-third additional in each of the succeeding two years. The performance-based RSUs granted under the plan generally vest at the end of a three-year service period provided certain company financial performance metrics are met. As of October 31, 2016 , the Company has reserved 4,384,814 shares of Class A Nonvoting Common Stock for outstanding stock options, RSUs, and restricted shares and 4,466,805 shares of Class A Nonvoting Common Stock remain for future issuance of stock options, RSUs, and restricted and unrestricted shares under the active plan. The Company uses treasury stock or will issue new Class A Nonvoting Common Stock to deliver shares under the plan. The Company recognizes the compensation cost of all share-based awards at the time it is deemed probable the award will vest. This cost is recognized on a straight-line basis over the vesting period of the award. If it is determined that it is unlikely the award will vest, the expense recognized to date for the award is reversed in the period in which this is evident and the remaining expense is not recorded. Total stock-based compensation expense recognized by the Company during the three months ended October 31, 2016 and 2015 , was $3,155 ( $1,957 net of taxes) and $2,596 ( $1,609 net of taxes), respectively. As of October 31, 2016 , total unrecognized compensation cost related to stock-based compensation awards was $19,450 pre-tax, net of estimated forfeitures, which the Company expects to recognize over a weighted-average period of 2.5 years. The Company has estimated the fair value of its service-based stock option awards granted during the three months ended October 31, 2016 and 2015 , using the Black-Scholes option valuation model. The weighted-average assumptions used in the Black-Scholes valuation model are reflected in the following table: Three months ended October 31, Black-Scholes Option Valuation Assumptions 2016 2015 Expected term (in years) 6.11 6.12 Expected volatility 29.43 % 28.59 % Expected dividend yield 2.70 % 2.59 % Risk-free interest rate 1.26 % 1.64 % Weighted-average market value of underlying stock at grant date $ 35.14 $ 19.97 Weighted-average exercise price $ 35.14 $ 19.97 Weighted-average fair value of options granted during the period $ 7.56 $ 4.58 The Company uses historical data regarding stock option exercise behaviors to estimate the expected term of options granted based on the period of time that options granted are expected to be outstanding. Expected volatilities are based on the historical volatility of the Company’s stock. The expected dividend yield is based on the Company’s historical dividend payments and historical yield. The risk-free interest rate is based on the U.S. Treasury yield curve in effect on the grant date for the length of time corresponding to the expected term of the option. The market value is calculated as the average of the high and the low stock price on the date of the grant. A summary of stock option activity under the Company’s share-based compensation plans for the three months ended October 31, 2016 is presented below: Service-Based Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at July 31, 2016 3,708,706 $ 27.33 New grants 376,924 35.14 Exercised (337,300) 26.13 Forfeited or expired (51,548) 25.23 Outstanding at October 31, 2016 3,696,782 $ 28.26 5.9 $ 20,600 Exercisable at October 31, 2016 2,616,609 $ 29.31 4.5 $ 12,069 There were 2,616,609 and 2,923,276 options exercisable with a weighted average exercise price of $29.31 and $30.32 at October 31, 2016 and 2015 , respectively. The total fair value of stock options vested during the three months ended October 31, 2016 and 2015 , was $2,794 and $2,964 , respectively. The cash received from the exercise of options and the tax benefit on these options during the three months ended October 31, 2016 was $8,813 and $1,100 , respectively. The total intrinsic value of options exercised during the three months ended October 31, 2016 , based upon the average market price at the time of exercise during the period, was $2,894 . No options were exercised during the three months ended October 31, 2015. The following tables summarize the RSU activity under the Company's share-based compensation plans for the three months ended October 31, 2016 : Service-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2016 678,381 $ 23.57 New grants 91,486 35.14 Vested (106,380 ) 22.50 Forfeited (33,661 ) 24.46 Outstanding at October 31, 2016 629,826 $ 25.39 The service-based RSUs granted during the three months ended October 31, 2015 had a weighted-average grant date fair value of $19.98 . The total fair value of service-based RSUs vested during the three months ended October 31, 2016 and 2015 , was $5,079 and $1,419 , respectively. Performance-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2016 — $ — New grants 58,206 32.03 Vested — — Forfeited — — Outstanding at October 31, 2016 58,206 $ 32.03 No performance-based RSUs were granted during the three months ended October 31, 2015. The aggregate intrinsic value of unvested service-based and performance-based RSUs outstanding at October 31, 2016 and expected to vest was $22,774 .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Oct. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements In accordance with fair value accounting guidance, the Company’s assets and liabilities measured at fair market value are classified in one of the following categories: Level 1 — Assets or liabilities for which fair value is based on unadjusted quoted prices in active markets for identical instruments that are accessible as of the reporting date. Level 2 — Assets or liabilities for which fair value is based on other significant pricing inputs that are either directly or indirectly observable. Level 3 — Assets or liabilities for which fair value is based on significant unobservable pricing inputs to the extent little or no market data is available, which result in the use of management's own assumptions. The following tables set forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis at October 31, 2016 and July 31, 2016 , according to the valuation techniques the Company used to determine their fair values. Inputs Considered As Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Fair Values Balance Sheet Classifications October 31, 2016 Trading securities $ 13,945 $ — $ 13,945 Other assets Foreign exchange contracts — 1,132 1,132 Prepaid expenses and other current assets Total Assets $ 13,945 $ 1,132 $ 15,077 Foreign exchange contracts $ — $ 628 $ 628 Other current liabilities Total Liabilities $ — $ 628 $ 628 July 31, 2016 Trading securities $ 13,834 $ — $ 13,834 Other assets Foreign exchange contracts — 2,138 2,138 Prepaid expenses and other current assets Total Assets $ 13,834 $ 2,138 $ 15,972 Foreign exchange contracts $ — $ 738 $ 738 Other current liabilities Total Liabilities $ — $ 738 $ 738 The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Trading securities: The Company’s deferred compensation investments consist of investments in mutual funds. These investments were classified as Level 1 as the shares of these investments trade with sufficient frequency and volume to enable us to obtain pricing information on an ongoing basis. Foreign exchange contracts: The Company’s foreign exchange contracts were classified as Level 2 as the fair value was based on the present value of the future cash flows using external models that use observable inputs, such as interest rates, yield curves and foreign exchange rates. See Note H, “Derivatives and Hedging Activities,” for additional information. There have been no transfers of assets or liabilities between the fair value hierarchy levels, outlined above, during the three months ended October 31, 2016 and July 31, 2016 . In addition, the Company had no significant measurements of assets or liabilities at fair value on a nonrecurring basis subsequent to their initial recognition during the three months ended October 31, 2016 or July 31, 2016 . The Company’s financial instruments, other than those presented in the disclosures above, include cash and cash equivalents, accounts receivable, notes payable, accounts payable, accrued liabilities and short-term and long-term debt. The fair values of cash and cash equivalents, accounts receivable, notes payable, accounts payable, and accrued liabilities approximated carrying values because of the short-term nature of these instruments. The estimated fair value of the Company’s short-term and long-term debt obligations, excluding notes payable, based on the quoted market prices for similar issues and on the current rates offered for debt of similar maturities was $217,842 and $218,977 at October 31, 2016 and July 31, 2016 , respectively, as compared to the carrying value of $210,608 and $211,982 at October 31, 2016 and July 31, 2016 , respectively.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
	Oct. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities The Company utilizes forward foreign exchange currency contracts to reduce the exchange rate risk of specific foreign currency denominated transactions. These contracts typically require the exchange of a foreign currency for U.S. dollars at a fixed rate at a future date, with maturities of less than 18 months , which qualify as cash flow hedges or net investment hedges under the accounting guidance for derivative instruments and hedging activities. The primary objective of the Company’s foreign currency exchange risk management program is to minimize the impact of currency movements due to transactions in other than the respective subsidiaries’ functional currency and to minimize the impact of currency movements on the Company’s net investment denominated in a currency other than the U.S. dollar. To achieve this objective, the Company hedges a portion of known exposures using forward foreign exchange currency contracts. As of October 31, 2016 and July 31, 2016 , the notional amount of outstanding forward exchange contracts was $ 148,769 and $186,093 , respectively. The Company hedges a portion of known exposures using forward exchange contracts. Main exposures are related to transactions denominated in the British Pound, the Euro, Canadian dollar, Mexican Peso, Australian dollar, Malaysian Ringgit and Singapore dollar. Generally, these risk management transactions will involve the use of foreign currency derivatives to minimize the impact of currency movements on non-functional currency transactions. Hedge effectiveness is determined by how closely the changes in fair value of the hedging instrument offset the changes in the fair value or cash flows of the hedged item. Hedge accounting is permitted only if the hedging relationship is expected to be highly effective at the inception of the hedge and on an on-going basis. Gains or losses on the derivative related to hedge ineffectiveness are recognized in current earnings. Cash Flow Hedges The Company has designated a portion of its forward foreign exchange contracts as cash flow hedges and recorded these contracts at fair value on the Condensed Consolidated Balance Sheets. For these instruments, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income ("OCI") and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. As of October 31, 2016 and 2015 , unrealized losses of $58 and $420 were included in OCI, respectively. These balances are expected to be reclassified from OCI to earnings during the next twelve months when the hedged transactions impact earnings. For the three months ended October 31, 2016 and 2015 , the Company reclassified losses of $405 and gains of $457 from OCI into earnings, respectively. At October 31, 2016 , the U.S. dollar equivalent of these outstanding forward foreign exchange contracts totaled $ 25,915 , including contracts to sell Euros, Canadian dollars, Australian dollars, British Pounds and U.S. dollars. Net Investment Hedges The Company has also designated intercompany and third party foreign currency denominated debt instruments as net investment hedges. At October 31, 2016 , the Company designated £ 25,036 of intercompany loans as net investment hedges to hedge portions of its net investment in British foreign operations. On May 13, 2010, the Company completed the private placement of €75 million aggregate principal amount of senior unsecured notes to accredited institutional investors. This Euro-denominated debt obligation was designated as a net investment hedge to selectively hedge portions of its net investment in European foreign operations. The Company’s foreign denominated debt obligations are valued under a market approach using publicized spot prices. Non-Designated Hedges For the three months ended October 31, 2016 and 2015 , the Company recognized losses of $ 1,733 and $413 , respectively, in “Investment and other (expense) income” on the Condensed Consolidated Statements of Earnings related to non-designated hedges. Fair values of derivative instruments in the Condensed Consolidated Balance Sheets were as follows: Asset Derivatives Liability Derivatives October 31, 2016 July 31, 2016 October 31, 2016 July 31, 2016 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Cash flow hedges Foreign exchange contracts Prepaid expenses and other current assets $ 507 Prepaid expenses and other current assets $ 265 Other current liabilities $ 519 Other current liabilities $ 670 Net investment hedges Foreign currency denominated debt Prepaid expenses and other current assets — Prepaid expenses and other current assets — Long term obligations, less current maturities 112,866 Long term obligations, less current maturities 116,888 Total derivatives designated as hedging instruments $ 507 $ 265 $ 113,385 $ 117,558 Derivatives not designated as hedging instruments Foreign exchange contracts Prepaid expenses and other current assets $ 1,132 Prepaid expenses and other current assets $ 1,873 Other current liabilities $ 628 Other current liabilities $ 68 Total derivatives not designated as hedging instruments $ 1,132 $ 1,873 $ 628 $ 68

New Accounting Pronouncements N

New Accounting Pronouncements New Accounting Pronouncements	3 Months Ended
	Oct. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, "Leases," which replaces the current lease accounting standard. The update will require, among other items, lessees to recognize the assets and liabilities that arise from most leases on the balance sheet. This guidance is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. The ASU must be adopted using a modified retrospective approach and early adoption is permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers," which eliminates the transaction-and industry-specific revenue recognition guidance under current GAAP and replaces it with a principles-based approach for determining revenue recognition. The new guidance requires revenue recognition when control of the goods or services transfers to the customer, replacing the existing guidance which requires revenue recognition when the risks and rewards transfer to the customer. Under the new guidance, companies should recognize revenues in amounts that reflect the payment to which a company expects to be entitled in exchange for those goods or services. In March 2016, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers - Principal versus Agent Considerations (Reporting Revenue Gross versus Net)", which amends the principal-versus-agent implementation guidance in ASU 2014-09. ASU 2016-08 clarifies the principal-versus-agent guidance in ASU 2014-09 and requires an entity to determine whether the nature of its promise to provide goods or services to a customer is performed in a principal or agent capacity and to recognize revenue in a gross or net manner based on that designation. In May 2016, the FASB issued ASU 2016-12, "Revenue from Contracts with Customers - Narrow-Scope Improvements and Practical Expedients", which amends the transition, collectability, and non-cash consideration guidance in ASU 2014-09. ASU 2016-12 clarifies that, for a contract to be considered completed at transition, substantially all of the revenue must have been recognized under legacy GAAP. The amendments also clarify how an entity should evaluate the collectability threshold and when an entity can recognize nonrefundable consideration received as revenue if an arrangement does not meet the standard’s contract criteria. ASU 2014-09 (and related updates) is effective for the Company beginning in fiscal 2019. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the standard. The Company is currently evaluating the impact of this update on its consolidated financial statements.

Subsequent Events

Subsequent Events	3 Months Ended
	Oct. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 9, 2016, the Board of Directors declared a quarterly cash dividend to shareholders of the Company’s Class A and Class B Common Stock of $0.2050 per share payable on January 31, 2017, to shareholders of record at the close of business on January 10, 2017.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Oct. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the three months ended October 31, 2016 , were as follows: IDS WPS Total Balance as of July 31, 2016 $ 384,529 $ 45,342 $ 429,871 Translation adjustments (4,805 ) (721 ) (5,526 ) Realignment of businesses between segments 2,490 (2,490 ) — Balance as of October 31, 2016 $ 382,214 $ 42,131 $ 424,345
Schedule of Other Intangible Assets	The net book value of these assets was as follows: October 31, 2016 July 31, 2016 Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Weighted Average Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Amortized other intangible assets: Patents 5 $ 12,245 $ (11,146 ) $ 1,099 5 $ 12,252 $ (11,063 ) $ 1,189 Trademarks and other 5 14,019 (13,704 ) 315 5 14,359 (13,709 ) 650 Customer relationships 7 134,472 (101,295 ) 33,177 7 135,795 (100,830 ) 34,965 Non-compete agreements and other 4 9,129 (9,121 ) 8 4 9,153 (9,142 ) 11 Unamortized other intangible assets: Trademarks N/A 22,991 — 22,991 N/A 22,991 — 22,991 Total $ 192,856 $ (135,266 ) $ 57,590 $ 194,550 $ (134,744 ) $ 59,806

Other Comprehensive Income Ot18

Other Comprehensive Income Other Comprehensive Income, Net of Tax (Tables)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table illustrates the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the three months ended October 31, 2016 : Gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2016 $ (857 ) $ 2,236 $ (56,124 ) $ (54,745 ) Other comprehensive income (loss) before reclassification 328 — (12,608 ) (12,280 ) Amounts reclassified from accumulated other comprehensive loss 247 (136 ) — 111 Ending balance, October 31, 2016 $ (282 ) $ 2,100 $ (68,732 ) $ (66,914 )	The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2015 were as follows: (Loss) gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2015 $ 9 $ 3,438 $ (48,481 ) $ (45,034 ) Other comprehensive income (loss) before reclassification 60 — (7,390 ) (7,330 ) Amounts reclassified from accumulated other comprehensive loss (279 ) (783 ) — (1,062 ) Ending balance, October 31, 2015 $ (210 ) $ 2,655 $ (55,871 ) $ (53,426 )
Other Comprehensive Income , Tax	The following table illustrates the income tax (expense) benefit on the components of other comprehensive loss for the three months ended October 31, 2016 and 2015 : Three months ended October 31, 2016 2015 Income tax (expense) benefit related to items of other comprehensive loss: Net investment hedge translation adjustments $ (1,568 ) $ (340 ) Cash flow hedges (128 ) 499 Other income tax adjustments and currency translation 30 (15 ) Income tax (expense) benefit related to items of other comprehensive loss $ (1,666 ) $ 144

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
	Oct. 31, 2016
Earnings Per Share [Abstract]
Reconciliations of Numerator and Denominator of Basic and Diluted Per Share	Reconciliations of the numerator and denominator of the basic and diluted per share computations for the Company’s Class A and Class B common stock are summarized as follows: Three months ended October 31, 2016 2015 Numerator: (in thousands) Earnings (Numerator for basic and diluted Class A Nonvoting Common Share) $ 22,553 $ 18,703 Less: Preferential dividends (788 ) (783 ) Preferential dividends on dilutive stock options (14 ) (1 ) Numerator for basic and diluted earnings per Class B Voting Common Share $ 21,751 $ 17,919 Denominator: (in thousands) Denominator for basic earnings for both Class A and Class B 50,634 51,029 Plus: Effect of dilutive stock options 821 60 Denominator for diluted earnings per share for both Class A and Class B 51,455 51,089 Net earnings per Class A Nonvoting Common Share: Basic $ 0.45 $ 0.37 Diluted $ 0.44 $ 0.37 Net earnings per Class B Voting Common Share: Basic $ 0.43 $ 0.35 Diluted $ 0.42 $ 0.35

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Oct. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	Three months ended October 31, 2016 2015 Sales to External Customers: ID Solutions $ 201,264 $ 201,020 Workplace Safety 78,912 82,053 Total Company $ 280,176 $ 283,073 Segment Profit: ID Solutions $ 33,068 $ 25,431 Workplace Safety 6,450 9,382 Total Company $ 39,518 $ 34,813
Reconciliation of Segment Profit	The following is a reconciliation of segment profit to earnings before income taxes for the three months ended October 31, 2016 and 2015 : Three months ended October 31, 2016 2015 Total profit from reportable segments $ 39,518 $ 34,813 Unallocated amounts: Administrative costs (6,310 ) (4,711 ) Investment and other (expense) income (489 ) (759 ) Interest expense (1,732 ) (2,151 ) Earnings before income taxes $ 30,987 $ 27,192

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Oct. 31, 2016
Share-based Arrangements with Employees and Nonemployees [Abstract]
Black-Scholes Option Valuation Assumptions	The weighted-average assumptions used in the Black-Scholes valuation model are reflected in the following table: Three months ended October 31, Black-Scholes Option Valuation Assumptions 2016 2015 Expected term (in years) 6.11 6.12 Expected volatility 29.43 % 28.59 % Expected dividend yield 2.70 % 2.59 % Risk-free interest rate 1.26 % 1.64 % Weighted-average market value of underlying stock at grant date $ 35.14 $ 19.97 Weighted-average exercise price $ 35.14 $ 19.97 Weighted-average fair value of options granted during the period $ 7.56 $ 4.58
Summary of Stock Option Activity	A summary of stock option activity under the Company’s share-based compensation plans for the three months ended October 31, 2016 is presented below: Service-Based Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at July 31, 2016 3,708,706 $ 27.33 New grants 376,924 35.14 Exercised (337,300) 26.13 Forfeited or expired (51,548) 25.23 Outstanding at October 31, 2016 3,696,782 $ 28.26 5.9 $ 20,600 Exercisable at October 31, 2016 2,616,609 $ 29.31 4.5 $ 12,069
Summary of RSU Activity	The following tables summarize the RSU activity under the Company's share-based compensation plans for the three months ended October 31, 2016 : Service-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2016 678,381 $ 23.57 New grants 91,486 35.14 Vested (106,380 ) 22.50 Forfeited (33,661 ) 24.46 Outstanding at October 31, 2016 629,826 $ 25.39 The service-based RSUs granted during the three months ended October 31, 2015 had a weighted-average grant date fair value of $19.98 . The total fair value of service-based RSUs vested during the three months ended October 31, 2016 and 2015 , was $5,079 and $1,419 , respectively. Performance-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2016 — $ — New grants 58,206 32.03 Vested — — Forfeited — — Outstanding at October 31, 2016 58,206 $ 32.03 No performance-based RSUs were granted during the three months ended October 31, 2015. The aggregate intrinsic value of unvested service-based and performance-based RSUs outstanding at October 31, 2016 and expected to vest was $22,774 .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Oct. 31, 2016
Fair Value Disclosures [Abstract]
Financial Assets and Liabilities Accounted for at Fair Value on a Recurring Basis	Inputs Considered As Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Fair Values Balance Sheet Classifications October 31, 2016 Trading securities $ 13,945 $ — $ 13,945 Other assets Foreign exchange contracts — 1,132 1,132 Prepaid expenses and other current assets Total Assets $ 13,945 $ 1,132 $ 15,077 Foreign exchange contracts $ — $ 628 $ 628 Other current liabilities Total Liabilities $ — $ 628 $ 628 July 31, 2016 Trading securities $ 13,834 $ — $ 13,834 Other assets Foreign exchange contracts — 2,138 2,138 Prepaid expenses and other current assets Total Assets $ 13,834 $ 2,138 $ 15,972 Foreign exchange contracts $ — $ 738 $ 738 Other current liabilities Total Liabilities $ — $ 738 $ 738

Derivatives and Hedging Activ23

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Oct. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Values of Derivative Instruments in Consolidated Balance Sheets	Fair values of derivative instruments in the Condensed Consolidated Balance Sheets were as follows: Asset Derivatives Liability Derivatives October 31, 2016 July 31, 2016 October 31, 2016 July 31, 2016 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Cash flow hedges Foreign exchange contracts Prepaid expenses and other current assets $ 507 Prepaid expenses and other current assets $ 265 Other current liabilities $ 519 Other current liabilities $ 670 Net investment hedges Foreign currency denominated debt Prepaid expenses and other current assets — Prepaid expenses and other current assets — Long term obligations, less current maturities 112,866 Long term obligations, less current maturities 116,888 Total derivatives designated as hedging instruments $ 507 $ 265 $ 113,385 $ 117,558 Derivatives not designated as hedging instruments Foreign exchange contracts Prepaid expenses and other current assets $ 1,132 Prepaid expenses and other current assets $ 1,873 Other current liabilities $ 628 Other current liabilities $ 68 Total derivatives not designated as hedging instruments $ 1,132 $ 1,873 $ 628 $ 68

Goodwill Rollforward (Detail)

Goodwill Rollforward (Detail) $ in Thousands	3 Months Ended
	Oct. 31, 2016USD ($)
Goodwill
Balance as of July 31, 2016	$ 429,871
Translation adjustments	(5,526)
Goodwill, Transfers	0
Balance as of October 31, 2016	424,345
ID Solutions [Member]
Goodwill
Balance as of July 31, 2016	384,529
Translation adjustments	(4,805)
Goodwill, Transfers	2,490
Balance as of October 31, 2016	382,214
Workplace Safety [Member]
Goodwill
Balance as of July 31, 2016	45,342
Translation adjustments	(721)
Goodwill, Transfers	(2,490)
Balance as of October 31, 2016	$ 42,131

Goodwill Impairment (Detail)

Goodwill Impairment (Detail) $ in Thousands	Oct. 31, 2016USD ($)
Goodwill Impairment
Goodwill, Impaired, Accumulated Impairment Loss	$ 328,029
ID Solutions [Member]
Goodwill Impairment
Goodwill, Impaired, Accumulated Impairment Loss	118,637
Workplace Safety [Member]
Goodwill Impairment
Goodwill, Impaired, Accumulated Impairment Loss	$ 209,392

Other Intangible Assets (Detail

Other Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Jul. 31, 2016
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Amortization of Intangible Assets	$ 1,895	$ 2,633
Intangible Assets, Amortization Expense, Next Twelve Months	7,238
Intangible Assets, Amortization Expense, Year Two	6,551
Intangible Assets, Amortization Expense, Year Three	6,283
Intangible Assets, Amortization Expense, Year Four	5,789
Intangible Assets, Amortization Expense, Year Five	5,743
Other Intangible Assets [Line Items]
Gross Carrying Amount	192,856		$ 194,550
Accumulated Amortization	(135,266)		(134,744)
Net Book Value	$ 57,590		$ 59,806
Patents [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	5 years		5 years
Gross Carrying Amount	$ 12,245		$ 12,252
Accumulated Amortization	(11,146)		(11,063)
Net Book Value	$ 1,099		$ 1,189
Trademarks and other [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	5 years		5 years
Gross Carrying Amount	$ 14,019		$ 14,359
Accumulated Amortization	(13,704)		(13,709)
Net Book Value	$ 315		$ 650
Customer relationships [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	7 years		7 years
Gross Carrying Amount	$ 134,472		$ 135,795
Accumulated Amortization	(101,295)		(100,830)
Net Book Value	$ 33,177		$ 34,965
Non-compete agreements and other [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	4 years		4 years
Gross Carrying Amount	$ 9,129		$ 9,153
Accumulated Amortization	(9,121)		(9,142)
Net Book Value	8		11
Trademarks [Member]
Other Intangible Assets [Line Items]
Gross Carrying Amount	22,991		22,991
Accumulated Amortization	0		0
Net Book Value	$ 22,991		$ 22,991

Other Comprehensive Income Sche

Other Comprehensive Income Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (54,745)	$ (45,034)
Other comprehensive income (loss) before reclassification	(12,280)	(7,330)
Amounts reclassified from accumulated other comprehensive loss	(111)	1,062
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax		0
Ending balance	(66,914)	(53,426)
Unrealized (loss) gain on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(857)	9
Other comprehensive income (loss) before reclassification	328	60
Amounts reclassified from accumulated other comprehensive loss	(247)	279
Ending balance	(282)	(210)
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	2,236	3,438
Other comprehensive income (loss) before reclassification	0	0
Amounts reclassified from accumulated other comprehensive loss	136	783
Ending balance	2,100	2,655
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(56,124)	(48,481)
Other comprehensive income (loss) before reclassification	(12,608)	(7,390)
Amounts reclassified from accumulated other comprehensive loss	0
Ending balance	$ (68,732)	$ (55,871)

Other Comprehensive Income Sc28

Other Comprehensive Income Schedule of Other Comprehensive Income, Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Other Comprehensive Income (Loss), Tax [Abstract]
Derivatives used in Net Investment Hedge, Tax Benefit (Expense)	$ (1,568)	$ (340)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	(128)	499
Other Comprehensive Income Tax Other Adjustments	30	(15)
Other Comprehensive Income (Loss), Tax	$ (1,666)	$ 144

Net Income per Common Share - R

Net Income per Common Share - Reconciliation of Numerator and Denominator of Basic and Diluted Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Earnings Per Share [Line Items]
Net Income (Loss) Attributable to Parent	$ 22,553	$ 18,703
Denominator for basic earnings for both Class A and Class B	50,634	51,029
Plus: Effect of dilutive stock options	821	60
Denominator for diluted earnings per share for both Class A and Class B	51,455	51,089
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Net earnings per share, basic	$ 0.45	$ 0.37
Net earnings per share, diluted	$ 0.44	$ 0.37
Class B Voting Common Stock
Earnings Per Share [Line Items]
Preferential dividends	$ (788)	$ (783)
Preferential dividends on dilutive stock options	(14)	(1)
Earnings from continuing operations	$ 21,751	$ 17,919
Net earnings per share, basic	$ 0.43	$ 0.35
Net earnings per share, diluted	$ 0.42	$ 0.35

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Earnings Per Share [Abstract]
Common stock of Class A shares excluded from computations of diluted net income per share	772,334	4,172,000

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information By Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Segment Reporting Information [Line Items]
Sales to External Customers	$ 280,176	$ 283,073
Segment Profit	39,518	34,813
ID Solutions [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	201,264	201,020
Segment Profit	33,068	25,431
Workplace Safety [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	78,912	82,053
Segment Profit	$ 6,450	$ 9,382

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Segment Reconciliation [Abstract]
Total profit from reportable segments	$ 39,518	$ 34,813
Unallocated amounts:
Administrative costs	(6,310)	(4,711)
Investment and other income	(489)	(759)
Interest expense	(1,732)	(2,151)
Earnings before income taxes	$ 30,987	$ 27,192

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Assumptions (Detail) - $ / shares	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected term (in years)	6 years 1 month 9 days	6 years 1 month 12 days
Expected volatility	29.43%	28.59%
Expected dividend yield	2.70%	2.59%
Risk-free interest rate	1.26%	1.64%
Weighted-average market value of underlying stock at grant date	$ 35.14	$ 19.97
Options, Grants in Period, Weighted Average Exercise Price	35.14	19.97
Weighted-average fair value of options granted during the period	$ 7.56	$ 4.58

Stock-Based Compensation Servic

Stock-Based Compensation Service-Based Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Service-Based Stock Options [Abstract]
Options Outstanding at July 31, 2016	3,708,706
Options Outstanding at July 31, 2016, Weighted Average Exercise Price	$ 27.33
Options, Grants in Period	376,924
Options, Grants in Period, Weighted Average Exercise Price	$ 35.14	$ 19.97
Options, Exercised in Period	(337,300)
Options, Exercises in Period, Weighted Average Exercise Price	$ 0
Options, Forfeitures or Expirations in Period	(51,548)
Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$ 25.23
Options Outstanding, Weighted Average Remaining Contractual Term	5 years 10 months 24 days
Options Outstanding at October 31, 2016	3,696,782
Options Outstanding at October 31, 2016, Weighted Average Exercise Price	$ 28.26
Options Outstanding, Aggregate Intrinsic Value	$ 20,600
Options Exercisable	2,616,609	2,923,276
Options Exercisable, Weighted Average Exercise Price	$ 29.31	$ 30.32
Options Exercisable, Weighted Average Remaining Contractual Term	4 years 6 months
Options Exercisable, Aggregate Intrinsic Value	$ 12,069

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity under Company's Share-Based Compensation Plans (Detail) - $ / shares	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Service Based Restricted Shares and Restricted Stock Units [Line Items]
Service-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value		$ 19.98
Service Based Restricted Shares and Restricted Stock Units [Member]
Service Based Restricted Shares and Restricted Stock Units [Line Items]
Outstanding at July 31, 2016	678,381
Outstanding at July 31, 2016, Weighted Average Grant Date Fair Value	$ 23.57
Service-Based RSUs, Grants in Period	91,486
Service-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 35.14
Service-Based RSUs, Vested in Period	(106,380)
Service-Based RSUs, Vested in Period, Weighted Average Grant Date Fair Value	$ 22.50
Service-Based RSUs, Forfeited in Period	(33,661)
Service-Based RSUs, Forfeitures, Weighted Average Grant Date Fair Value	$ 24.46
Outstanding at October 31, 2016	629,826
Outstanding at October 31, 2016, Weighted Average Grant Date Fair Value	$ 25.39

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Incentive Stock Plan
Shares authorized	4,384,814
Shares reserved for future issuance	4,466,805
Stock-Based Compensation Expense
Share-based compensation expense	$ 3,155	$ 2,596
Share-based compensation expense, net of tax	1,957	1,609
Unrealized compensation cost related to share-based compensation, pre tax	$ 19,450
Weighted average period remaining	2 years 6 months
Stock Options, Additional Disclosures
Proceeds from stock options exercised	$ 8,813	1,100
Fair value of options vested	2,794	$ 2,964
Service-Based RSUs, Additional Disclosures
Service-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value		$ 19.98
Service-Based RSUs, Nonvested, Aggregate Intrinsic Value,	22,774
Service-Based RSUs, Vested in Period, Fair Value	5,079	$ 1,419
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 2,894

Stock-Based Compensation Perfor

Stock-Based Compensation Performance Based Restricted Shares and Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested	$ 22,774
Performance-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value		$ 19.98
Performance Based Restricted Shares and Restricted Stock Units [Member] [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at July 31, 2016	0
Outstanding at July 31, 2016, Weighted Average Grant Date Fair Value	$ 0
Performance-Based RSUs, Grants in Period	58,206
Performance-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 32.03
Performance-Based RSUs, Vested in Period	0
Performance-Based RSUs, Vested in Period, Weighted Average Grant Date Fair Value	$ 0
Performance-Based RSUs, Forfeited in Period	0
Performance-Based RSUs, Forfeitures, Weighted Average Grant Date Fair Value	$ 0
Outstanding at October 31, 2016	58,206
Outstanding at October 31, 2016, Weighted Average Grant Date Fair Value	$ 32.03

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Oct. 31, 2016	Jul. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	$ 15,077	$ 15,972
Total Liabilities	628	738
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	13,945	13,834
Total Liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Other Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities	13,945	13,834
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	1,132	2,138
Total Liabilities	628	738
Fair Value, Inputs, Level 2 [Member] | Prepaid expenses and other current assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange contracts	1,132	2,138
Fair Value, Inputs, Level 2 [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange contracts	$ 628	$ 738

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 31, 2016	Jul. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 217,842	$ 218,977
Debt, Carrying Value	$ 210,608	$ 211,982

Derivatives and Hedging Activ40

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Oct. 31, 2016	Jul. 31, 2016
Designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	$ 507	$ 265
Liability Derivatives	113,385	117,558
Not designated as hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	1,132	1,873
Liability Derivatives	628	68
Foreign exchange contract [Member] | Not designated as hedging Instruments [Member] | Prepaid expenses and other current assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	1,132	1,873
Foreign exchange contract [Member] | Not designated as hedging Instruments [Member] | Other current liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	628	68
Cash Flow Hedging [Member] | Foreign exchange contract [Member] | Designated as hedging instruments [Member] | Prepaid expenses and other current assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	507	265
Cash Flow Hedging [Member] | Foreign exchange contract [Member] | Designated as hedging instruments [Member] | Other current liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	519	670
Net Investment Hedging [Member] | Foreign currency denominated debt [Member] | Designated as hedging instruments [Member] | Long term obligations less current maturities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	$ 112,866	$ 116,888

Derivatives and Hedging Activ41

Derivatives and Hedging Activities - Additional Information (Detail) £ in Thousands, $ in Thousands	3 Months Ended
	Oct. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 31, 2016GBP (£)	Jul. 31, 2016USD ($)	May 13, 2010GBP (£)
Summary
Derivative maturity	18 months
Derivative, Notional Amount	$ 148,769			$ 186,093
Summary of Cash Flow Hedge Activity
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	58	$ 420
Cash Flow Hedge Gain (Loss) Reclassified from OCI to Earnings	405	(457)
Total Outstanding Forward Foreign Exchange Contracts	25,915
Summary of Derivative Instruments Not Designated as Hedging Instruments
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 1,733	$ (413)
GBP-denominated interco debt [Member]
Summary of Net Investment Hedge Activity
Net investment hedges to hedge portions of net investment | £			£ 25,036
Senior Unsecured Notes [Member]
Summary of Net Investment Hedge Activity
Net investment hedges to hedge portions of net investment | £					£ 75,000

Discontinued Operations Operati

Discontinued Operations Operating Results, Details (Details) $ in Thousands	3 Months Ended
	Oct. 31, 2015USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Accumulated Other Comprehensive Income Attributable to Disposal Group, Discontinued Operations	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 8,434	$ 8,489

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Nov. 09, 2016$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend declared (USD per share)	$ 0.2050