Brady (BRC) 10-Q 16 Nov 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Oct. 31, 2017	Nov. 14, 2017
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2017
Document Fiscal Year Focus	2,017
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		48,020,711
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, 2017	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 142,237	$ 133,944
Accounts receivable—net	152,698	149,638
Inventories:
Finished products	69,458	69,760
Work-in-process	19,052	18,117
Raw materials and supplies	21,152	19,147
Total inventories	109,662	107,024
Prepaid expenses and other current assets	19,045	17,208
Total current assets	423,642	407,814
Other assets:
Goodwill	433,704	437,697
Other intangible assets	51,200	53,076
Deferred income taxes	36,281	35,456
Other	17,072	18,077
Property, plant and equipment, cost:
Land	7,344	7,470
Buildings and improvements	97,457	98,228
Machinery and equipment	262,820	261,192
Construction in progress	4,123	4,109
Property, plant and equipment, gross	371,744	370,999
Less accumulated depreciation	276,030	272,896
Property, plant and equipment—net	95,714	98,103
Total	1,057,613	1,050,223
Current liabilities:
Notes payable	749	3,228
Accounts payable	64,902	66,817
Wages and amounts withheld from employees	64,863	58,192
Taxes, other than income taxes	8,242	7,970
Accrued income taxes	9,574	7,373
Other current liabilities	45,455	43,618
Total current liabilities	193,785	187,198
Long-term obligations, less current maturities	93,810	104,536
Other liabilities	57,347	58,349
Total liabilities	344,942	350,083
Stockholders’ investment:
Class A nonvoting common stock—Issued 51,261,487 and 51,261,487 shares, respectively, and outstanding 48,020,711 and 47,814,818 shares, respectively	513	513
Class B voting common stock—Issued and outstanding, 3,538,628 shares	35	35
Additional paid-in capital	322,657	322,608
Earnings retained in the business	522,334	507,136
Treasury stock—3,240,776 and 3,446,669 shares, respectively, of Class A nonvoting common stock, at cost	(80,806)	(85,470)
Accumulated other comprehensive loss	(52,062)	(44,682)
Total stockholders’ investment	712,671	700,140
Total	$ 1,057,613	$ 1,050,223

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Oct. 31, 2017	Jul. 31, 2017
Class A nonvoting common stock
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	48,020,711	47,814,818
Treasury stock, shares	3,240,776	3,446,669
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, 2017	Oct. 31, 2016
Net sales	$ 290,151	$ 280,176
Cost of products sold	144,086	139,818
Gross margin	146,065	140,358
Operating expenses:
Research and development	10,520	9,146
Selling, general and administrative	100,134	98,004
Total operating expenses	110,654	107,150
Operating income	35,411	33,208
Other income (expense):
Investment and other income (expense)	216	(489)
Interest expense	(863)	(1,732)
Earnings before income taxes	34,764	30,987
Income tax expense	8,928	8,434
Net earnings	$ 25,836	$ 22,553
Weighted average common shares outstanding (in thousands):
Weighted average common shares outstanding, basic (in thousands):	51,440	50,634
Weighted average common shares outstanding, diluted (in thousands):	52,383	51,455
Class A Nonvoting Common Stock
Earnings Per Share
Net earnings per share, basic	$ 0.50	$ 0.45
Net earnings per share, diluted	0.49	0.44
Dividends	$ 0.21	$ 0.21
Class B Voting Common Stock
Other income (expense):
Earnings from continuing operations	$ 25,021	$ 21,751
Earnings Per Share
Net earnings per share, basic	$ 0.49	$ 0.43
Net earnings per share, diluted	0.48	0.42
Dividends	$ 0.19	$ 0.19

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Statement of Comprehensive Income [Abstract]
Net earnings	$ 25,836	$ 22,553
Foreign currency translation adjustments:
Foreign currency translation adjustments	(5,383)	(14,254)
Reclassification adjustment for gains included in net earnings		0
Net investment hedge and long-term intercompany loan translation adjustments	(1,172)	3,184
Cash flow hedges:
Net (loss) gain recognized in other comprehensive loss	(234)	298
Reclassification adjustment for losses included in net earnings	24	405
Total cash flow hedges	(210)	703
Pension and other post-retirement benefits:
Pension and other post-retirement benefits actuarial gain amortization	(130)	(136)
Other comprehensive income (loss), before tax	(6,895)	(10,503)
Income tax benefit (expense) related to items of other comprehensive loss	(485)	(1,666)
Other comprehensive loss, net of tax	(7,380)	(12,169)
Comprehensive income	$ 18,456	$ 10,384

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Operating activities:
Net earnings	$ 25,836	$ 22,553
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,564	7,234
Non-cash portion of stock-based compensation expense	3,744	3,155
Deferred income taxes	(1,168)	2,027
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable	(4,807)	(680)
Inventories	(3,571)	1,197
Prepaid expenses and other assets	(2,005)	(1,170)
Accounts payable and accrued liabilities	7,799	2,546
Income taxes	2,327	(2,869)
Net cash provided by operating activities	34,719	33,993
Investing activities:
Purchases of property, plant and equipment	(3,802)	(3,959)
Other	974	1,511
Net cash used in investing activities	(2,828)	(2,448)
Financing activities:
Payment of dividends	(10,639)	(10,370)
Proceeds from exercise of stock options	3,249	8,813
Proceeds from borrowing on credit facilities	10,901	27,565
Debt issuance costs	(22,894)	(27,139)
Income tax on equity-based compensation, and other	(2,280)	(1,232)
Net cash used in financing activities	(21,663)	(2,363)
Effect of exchange rate changes on cash	(1,935)	(4,109)
Net increase in cash and cash equivalents	8,293	25,073
Cash and cash equivalents, beginning of period	133,944	141,228
Cash and cash equivalents, end of period	$ 142,237	$ 166,301

Basis of Presentation

Basis of Presentation	3 Months Ended
	Oct. 31, 2017
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, 2017 and July 31, 2017 , its results of operations and comprehensive income for the three months ended October 31, 2017 and 2016 , and cash flows for the three months ended October 31, 2017 and 2016 . The consolidated balance sheet as of July 31, 2017 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, 2017 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Oct. 31, 2017
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, 2017 , were as follows: IDS WPS Total Balance as of July 31, 2017 $ 391,864 $ 45,833 $ 437,697 Translation adjustments (3,123 ) (870 ) (3,993 ) Balance as of October 31, 2017 $ 388,741 $ 44,963 $ 433,704 Goodwill at October 31, 2017 and July 31, 2017 , was net of $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, 2017 . Other intangible assets include patents, trademarks, and customer relationships 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, 2017 July 31, 2017 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 $ 1,395 $ (591 ) $ 804 5 $ 1,358 $ (471 ) $ 887 Trademarks and other 9 4,485 (4,271 ) 214 9 4,528 (4,229 ) 299 Customer relationships 8 60,349 (33,045 ) 27,304 8 60,759 (31,909 ) 28,850 Unamortized other intangible assets: Trademarks N/A 22,878 — 22,878 N/A 23,040 — 23,040 Total $ 89,107 $ (37,907 ) $ 51,200 $ 89,685 $ (36,609 ) $ 53,076 The decrease in the gross carrying amount of other intangible assets as of October 31, 2017 compared to July 31, 2017 was due to the effects of currency fluctuations during the three-month period. Amortization expense on intangible assets was $ 1,693 and $ 1,895 for the three months ended October 31, 2017 and 2016 , respectively. The amortization expense over each of the next five fiscal years is projected to be $ 6,445 , $ 6,195 , $ 5,196 , $ 5,155 and $ 5,008 for the fiscal years ending July 31, 2018 , 2019 , 2020 , 2021 and 2022 , respectively.

Other Comprehensive Income Othe

Other Comprehensive Income Other Comprehensive Income (Loss)	3 Months Ended
	Oct. 31, 2017
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, 2017 : Unrealized gain (loss) on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2017 $ 109 $ 2,620 $ (47,411 ) $ (44,682 ) Other comprehensive loss before reclassification (419 ) — (6,846 ) (7,265 ) Amounts reclassified from accumulated other comprehensive loss 15 (130 ) — (115 ) Ending balance, October 31, 2017 $ (295 ) $ 2,490 $ (54,257 ) $ (52,062 ) The increase in the accumulated other comprehensive loss as of October 31, 2017 compared to July 31, 2017 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 $115 in amounts reclassified from accumulated other comprehensive loss, the $15 loss on cash flow hedges was reclassified into cost of goods sold and the $130 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, 2017 . The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2016 were as follows: Unrealized loss 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 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 SG&A on the Condensed Consolidated Statements of Earnings for the three months ended October 31, 2016 . The following table illustrates the income tax expense on the components of other comprehensive loss for the three months ended October 31, 2017 and 2016 : Three months ended October 31, 2017 2016 Income tax expense related to items of other comprehensive loss: Net investment hedge translation adjustments $ (301 ) $ (1,568 ) Cash flow hedges (195 ) (128 ) Other income tax adjustments and currency translation 11 30 Income tax expense related to items of other comprehensive loss $ (485 ) $ (1,666 )

Net Income per Common Share

Net Income per Common Share	3 Months Ended
	Oct. 31, 2017
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, 2017 2016 Numerator: (in thousands) Earnings (Numerator for basic and diluted Class A Nonvoting Common Share) $ 25,836 $ 22,553 Less: Preferential dividends (799 ) (788 ) Preferential dividends on dilutive stock options (16 ) (14 ) Numerator for basic and diluted earnings per Class B Voting Common Share $ 25,021 $ 21,751 Denominator: (in thousands) Denominator for basic earnings for both Class A and Class B 51,440 50,634 Plus: Effect of dilutive stock options 943 821 Denominator for diluted earnings per share for both Class A and Class B 52,383 51,455 Net earnings per Class A Nonvoting Common Share: Basic $ 0.50 $ 0.45 Diluted $ 0.49 $ 0.44 Net earnings per Class B Voting Common Share: Basic $ 0.49 $ 0.43 Diluted $ 0.48 $ 0.42 Options to purchase 737,132 and 772,334 shares of Class A Nonvoting Common Stock for the three months ended October 31, 2017 and 2016 , 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, 2017
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. The Company evaluates short-term segment performance based on segment profit and customer sales. Interest expense, investment and other income (expense), income taxes, and certain corporate administrative expenses are excluded when evaluating segment performance. The following is a summary of segment information for the three months ended October 31, 2017 and 2016 : Three months ended October 31, 2017 2016 Net Sales: ID Solutions $ 209,705 $ 201,264 Workplace Safety 80,446 78,912 Total Company $ 290,151 $ 280,176 Segment Profit: ID Solutions $ 35,837 $ 33,068 Workplace Safety 6,445 6,450 Total Company $ 42,282 $ 39,518 The following is a reconciliation of segment profit to earnings before income taxes for the three months ended October 31, 2017 and 2016 : Three months ended October 31, 2017 2016 Total profit from reportable segments $ 42,282 $ 39,518 Unallocated amounts: Administrative costs (6,871 ) (6,310 ) Investment and other income (expense) 216 (489 ) Interest expense (863 ) (1,732 ) Earnings before income taxes $ 34,764 $ 30,987

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Oct. 31, 2017
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 and unrestricted shares and RSUs issued under the plan have a grant date fair value 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 vest at the end of a three-year service period provided specified Company financial performance metrics are met. As of October 31, 2017 , the Company has reserved 3,672,332 shares of Class A Nonvoting Common Stock for outstanding stock options, RSUs, and restricted shares and 3,989,341 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, 2017 and 2016 , was $3,744 ( $2,321 net of taxes) and $3,155 ( $1,957 net of taxes), respectively. As of October 31, 2017 , total unrecognized compensation cost related to stock-based compensation awards was $17,077 pre-tax, net of estimated forfeitures, which the Company expects to recognize over a weighted-average period of 2.1 years. The Company has estimated the fair value of its service-based stock option awards granted during the three months ended October 31, 2017 and 2016 , 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 2017 2016 Expected term (in years) 6.07 6.11 Expected volatility 28.19 % 29.43 % Expected dividend yield 2.72 % 2.70 % Risk-free interest rate 1.96 % 1.26 % Weighted-average market value of underlying stock at grant date $ 36.85 $ 35.14 Weighted-average exercise price $ 36.85 $ 35.14 Weighted-average fair value of options granted during the period $ 7.96 $ 7.56 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, 2017 , is presented below: Service-Based Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at July 31, 2017 2,879,801 $ 27.40 New grants 364,046 36.85 Exercised (140,998) 28.02 Forfeited or expired (10,719) 27.14 Outstanding at October 31, 2017 3,092,130 $ 28.49 6.2 $ 29,020 Exercisable at October 31, 2017 2,229,350 $ 27.39 5.1 $ 23,397 There were 2,229,350 and 2,616,609 options exercisable with a weighted average exercise price of $27.39 and $29.31 at October 31, 2017 and 2016 , respectively. The total fair value of stock options vested during the three months ended October 31, 2017 and 2016 , was $2,974 and $2,794 , respectively. The cash received from the exercise of options during the three months ended October 31, 2017 and 2016 , was $3,249 and $8,813 . The tax benefit received from the exercise of options during the three months ended October 31, 2017 and 2016 , was $478 and $1,100 , respectively. The total intrinsic value of options exercised during the three months ended October 31, 2017 and 2016 , based upon the average market price at the time of exercise during the period, was $1,257 and $2,894 , respectively. The following tables summarize the RSU activity under the Company's share-based compensation plans for the three months ended October 31, 2017 : Service-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2017 517,108 $ 25.61 New grants 83,388 36.65 Vested (130,378 ) 24.67 Forfeited (4,412 ) 26.28 Outstanding at October 31, 2017 465,706 $ 27.84 The service-based RSUs granted during the three months ended October 31, 2016 had a weighted-average grant date fair value of $35.14 . The total fair value of service-based RSUs vested during the three months ended October 31, 2017 and 2016 , was $4,736 and $5,079 , respectively. Performance-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2017 58,206 $ 32.03 New grants 56,290 33.12 Vested — — Forfeited — — Outstanding at October 31, 2017 114,496 $ 32.57 The performance-based RSUs granted during the three months ended October 31, 2016 had a weighted-average grant date fair value of $32.03 . The aggregate intrinsic value of unvested service-based and performance-based RSUs outstanding at October 31, 2017 and expected to vest was $22,077 .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Oct. 31, 2017
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, 2017 and July 31, 2017 , 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, 2017 Trading securities $ 13,020 $ — $ 13,020 Other assets Foreign exchange contracts — 175 175 Prepaid expenses and other current assets Total Assets $ 13,020 $ 175 $ 13,195 Foreign exchange contracts $ — $ 821 $ 821 Other current liabilities Total Liabilities $ — $ 821 $ 821 July 31, 2017 Trading securities $ 13,994 $ — $ 13,994 Other assets Foreign exchange contracts — 1,354 1,354 Prepaid expenses and other current assets Total Assets $ 13,994 $ 1,354 $ 15,348 Foreign exchange contracts $ — $ 1,577 $ 1,577 Other current liabilities Total Liabilities $ — $ 1,577 $ 1,577 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, 2017 . 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, 2017 . 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 $98,190 and $109,303 at October 31, 2017 and July 31, 2017 , respectively, as compared to the carrying value of $93,810 and $104,536 at October 31, 2017 and July 31, 2017 , respectively.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
	Oct. 31, 2017
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, 2017 and July 31, 2017 , the notional amount of outstanding forward exchange contracts was $ 25,638 and $81,195 , respectively. The Company hedges a portion of known exposures using forward exchange contracts. Main exposures are related to transactions denominated in the Euro, Canadian dollar, and Mexican Peso. 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, 2017 and 2016 , unrealized losses of $710 and $58 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, 2017 and 2016 , the Company reclassified losses of $24 and $405 from OCI into earnings, respectively. At October 31, 2017 , the U.S. dollar equivalent of these outstanding forward foreign exchange contracts totaled $ 22,538 , including contracts to sell Euros, Canadian dollars, and U.S. dollars. Net Investment Hedges As of April 30, 2017, €45 million of Euro-denominated senior unsecured notes were designated as net investment hedges to hedge portions of its net investment in European 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, 2017 and 2016 , the Company recognized gains of $ 22 and losses of $1,733 , respectively, in “Investment and other income (expense)” 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, 2017 July 31, 2017 October 31, 2017 July 31, 2017 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 $ 173 Prepaid expenses and other current assets $ 1,067 Other current liabilities $ 815 Other current liabilities $ 1,569 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 52,421 Long term obligations, less current maturities 53,280 Total derivatives designated as hedging instruments $ 173 $ 1,067 $ 53,236 $ 54,849 Derivatives not designated as hedging instruments Foreign exchange contracts Prepaid expenses and other current assets $ 2 Prepaid expenses and other current assets $ 287 Other current liabilities $ 6 Other current liabilities $ 7 Total derivatives not designated as hedging instruments $ 2 $ 287 $ 6 $ 7

New Accounting Pronouncements N

New Accounting Pronouncements New Accounting Pronouncements	3 Months Ended
	Oct. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In August 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2017-12 "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" ("ASU 2017-12"), which simplifies and reduces the complexity of the hedge accounting requirements and better aligns an entity's financial reporting for hedging relationships with its risk management activities. The guidance is effective for interim and annual periods beginning after December 15, 2018, with early adoption permitted. This new guidance will require a modified retrospective adoption approach to existing hedging relationships as of the adoption date. The Company is currently evaluating the impact of this update on its consolidated financial statements and disclosures. In January 2017, the FASB issued ASU 2017-04, "Goodwill and Other, Simplifying the Test for Goodwill Impairment," which simplifies the accounting for goodwill impairment. The new guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. This guidance is effective for annual periods beginning after December 15, 2019, and interim periods thereafter; however, early adoption is permitted for any impairment tests performed after January 1, 2017. This guidance will only impact the Company's consolidated financial statements if there is a future impairment of goodwill. 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 and disclosures. 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. ASU 2014-09 (and related updates) is effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods, with early adoption permitted for annual periods beginning after December 15, 2016. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the standard. The Company's efforts to evaluate the impact and to prepare for its adoption on August 1, 2018 are underway as the Company has reviewed representative forms of agreements with customers globally and is in the process of evaluating the impact of the new standard on its consolidated financial statements. The Company is also assessing its process for accumulating the required information for enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue under the new standard. The Company currently anticipates applying the modified retrospective approach when adopting this guidance.

Subsequent Events

Subsequent Events	3 Months Ended
	Oct. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 14, 2017, 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 January 31, 2018, to shareholders of record at the close of business on January 10, 2018.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Oct. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the three months ended October 31, 2017 , were as follows: IDS WPS Total Balance as of July 31, 2017 $ 391,864 $ 45,833 $ 437,697 Translation adjustments (3,123 ) (870 ) (3,993 ) Balance as of October 31, 2017 $ 388,741 $ 44,963 $ 433,704
Schedule of Other Intangible Assets	The net book value of these assets was as follows: October 31, 2017 July 31, 2017 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 $ 1,395 $ (591 ) $ 804 5 $ 1,358 $ (471 ) $ 887 Trademarks and other 9 4,485 (4,271 ) 214 9 4,528 (4,229 ) 299 Customer relationships 8 60,349 (33,045 ) 27,304 8 60,759 (31,909 ) 28,850 Unamortized other intangible assets: Trademarks N/A 22,878 — 22,878 N/A 23,040 — 23,040 Total $ 89,107 $ (37,907 ) $ 51,200 $ 89,685 $ (36,609 ) $ 53,076

Other Comprehensive Income Ot18

Other Comprehensive Income Other Comprehensive Income, Net of Tax (Tables)	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
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, 2017 : Unrealized gain (loss) on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2017 $ 109 $ 2,620 $ (47,411 ) $ (44,682 ) Other comprehensive loss before reclassification (419 ) — (6,846 ) (7,265 ) Amounts reclassified from accumulated other comprehensive loss 15 (130 ) — (115 ) Ending balance, October 31, 2017 $ (295 ) $ 2,490 $ (54,257 ) $ (52,062 )	The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2016 were as follows: Unrealized loss 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 )
Other Comprehensive Income , Tax	The following table illustrates the income tax expense on the components of other comprehensive loss for the three months ended October 31, 2017 and 2016 : Three months ended October 31, 2017 2016 Income tax expense related to items of other comprehensive loss: Net investment hedge translation adjustments $ (301 ) $ (1,568 ) Cash flow hedges (195 ) (128 ) Other income tax adjustments and currency translation 11 30 Income tax expense related to items of other comprehensive loss $ (485 ) $ (1,666 )

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
	Oct. 31, 2017
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, 2017 2016 Numerator: (in thousands) Earnings (Numerator for basic and diluted Class A Nonvoting Common Share) $ 25,836 $ 22,553 Less: Preferential dividends (799 ) (788 ) Preferential dividends on dilutive stock options (16 ) (14 ) Numerator for basic and diluted earnings per Class B Voting Common Share $ 25,021 $ 21,751 Denominator: (in thousands) Denominator for basic earnings for both Class A and Class B 51,440 50,634 Plus: Effect of dilutive stock options 943 821 Denominator for diluted earnings per share for both Class A and Class B 52,383 51,455 Net earnings per Class A Nonvoting Common Share: Basic $ 0.50 $ 0.45 Diluted $ 0.49 $ 0.44 Net earnings per Class B Voting Common Share: Basic $ 0.49 $ 0.43 Diluted $ 0.48 $ 0.42

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Oct. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	Three months ended October 31, 2017 2016 Net Sales: ID Solutions $ 209,705 $ 201,264 Workplace Safety 80,446 78,912 Total Company $ 290,151 $ 280,176 Segment Profit: ID Solutions $ 35,837 $ 33,068 Workplace Safety 6,445 6,450 Total Company $ 42,282 $ 39,518
Reconciliation of Segment Profit	The following is a reconciliation of segment profit to earnings before income taxes for the three months ended October 31, 2017 and 2016 : Three months ended October 31, 2017 2016 Total profit from reportable segments $ 42,282 $ 39,518 Unallocated amounts: Administrative costs (6,871 ) (6,310 ) Investment and other income (expense) 216 (489 ) Interest expense (863 ) (1,732 ) Earnings before income taxes $ 34,764 $ 30,987

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Oct. 31, 2017
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 2017 2016 Expected term (in years) 6.07 6.11 Expected volatility 28.19 % 29.43 % Expected dividend yield 2.72 % 2.70 % Risk-free interest rate 1.96 % 1.26 % Weighted-average market value of underlying stock at grant date $ 36.85 $ 35.14 Weighted-average exercise price $ 36.85 $ 35.14 Weighted-average fair value of options granted during the period $ 7.96 $ 7.56
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, 2017 , is presented below: Service-Based Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at July 31, 2017 2,879,801 $ 27.40 New grants 364,046 36.85 Exercised (140,998) 28.02 Forfeited or expired (10,719) 27.14 Outstanding at October 31, 2017 3,092,130 $ 28.49 6.2 $ 29,020 Exercisable at October 31, 2017 2,229,350 $ 27.39 5.1 $ 23,397
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, 2017 : Service-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2017 517,108 $ 25.61 New grants 83,388 36.65 Vested (130,378 ) 24.67 Forfeited (4,412 ) 26.28 Outstanding at October 31, 2017 465,706 $ 27.84 The service-based RSUs granted during the three months ended October 31, 2016 had a weighted-average grant date fair value of $35.14 . The total fair value of service-based RSUs vested during the three months ended October 31, 2017 and 2016 , was $4,736 and $5,079 , respectively. Performance-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2017 58,206 $ 32.03 New grants 56,290 33.12 Vested — — Forfeited — — Outstanding at October 31, 2017 114,496 $ 32.57 The performance-based RSUs granted during the three months ended October 31, 2016 had a weighted-average grant date fair value of $32.03 . The aggregate intrinsic value of unvested service-based and performance-based RSUs outstanding at October 31, 2017 and expected to vest was $22,077 .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Oct. 31, 2017
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, 2017 Trading securities $ 13,020 $ — $ 13,020 Other assets Foreign exchange contracts — 175 175 Prepaid expenses and other current assets Total Assets $ 13,020 $ 175 $ 13,195 Foreign exchange contracts $ — $ 821 $ 821 Other current liabilities Total Liabilities $ — $ 821 $ 821 July 31, 2017 Trading securities $ 13,994 $ — $ 13,994 Other assets Foreign exchange contracts — 1,354 1,354 Prepaid expenses and other current assets Total Assets $ 13,994 $ 1,354 $ 15,348 Foreign exchange contracts $ — $ 1,577 $ 1,577 Other current liabilities Total Liabilities $ — $ 1,577 $ 1,577

Derivatives and Hedging Activ23

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Oct. 31, 2017
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, 2017 July 31, 2017 October 31, 2017 July 31, 2017 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 $ 173 Prepaid expenses and other current assets $ 1,067 Other current liabilities $ 815 Other current liabilities $ 1,569 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 52,421 Long term obligations, less current maturities 53,280 Total derivatives designated as hedging instruments $ 173 $ 1,067 $ 53,236 $ 54,849 Derivatives not designated as hedging instruments Foreign exchange contracts Prepaid expenses and other current assets $ 2 Prepaid expenses and other current assets $ 287 Other current liabilities $ 6 Other current liabilities $ 7 Total derivatives not designated as hedging instruments $ 2 $ 287 $ 6 $ 7

Goodwill Rollforward (Detail)

Goodwill Rollforward (Detail) $ in Thousands	3 Months Ended
	Oct. 31, 2017USD ($)
Goodwill
Balance as of July 31, 2017	$ 437,697
Translation adjustments	(3,993)
Balance as of October 31, 2017	433,704
ID Solutions [Member]
Goodwill
Balance as of July 31, 2017	391,864
Translation adjustments	(3,123)
Balance as of October 31, 2017	388,741
Workplace Safety [Member]
Goodwill
Balance as of July 31, 2017	45,833
Translation adjustments	(870)
Balance as of October 31, 2017	$ 44,963

Goodwill Impairment (Detail)

Goodwill Impairment (Detail) $ in Thousands	Oct. 31, 2017USD ($)
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, 2017	Oct. 31, 2016	Jul. 31, 2017
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Amortization of Intangible Assets	$ 1,693	$ 1,895
Intangible Assets, Amortization Expense, Next Twelve Months	6,445
Intangible Assets, Amortization Expense, Year Two	6,195
Intangible Assets, Amortization Expense, Year Three	5,196
Intangible Assets, Amortization Expense, Year Four	5,155
Intangible Assets, Amortization Expense, Year Five	5,008
Other Intangible Assets [Line Items]
Gross Carrying Amount	89,107		$ 89,685
Accumulated Amortization	(37,907)		(36,609)
Net Book Value	$ 51,200		$ 53,076
Patents [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	5 years		5 years
Gross Carrying Amount	$ 1,395		$ 1,358
Accumulated Amortization	(591)		(471)
Net Book Value	$ 804		$ 887
Trademarks and other [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years		9 years
Gross Carrying Amount	$ 4,485		$ 4,528
Accumulated Amortization	(4,271)		(4,229)
Net Book Value	$ 214		$ 299
Customer relationships [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	8 years		8 years
Gross Carrying Amount	$ 60,349		$ 60,759
Accumulated Amortization	(33,045)		(31,909)
Net Book Value	27,304		28,850
Trademarks [Member]
Other Intangible Assets [Line Items]
Gross Carrying Amount	22,878		23,040
Accumulated Amortization	0		0
Net Book Value	$ 22,878		$ 23,040

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, 2017	Oct. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (44,682)	$ (54,745)
Other comprehensive income (loss) before reclassification	(7,265)	(12,280)
Amounts reclassified from accumulated other comprehensive loss	115	(111)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax		0
Ending balance	(52,062)	(66,914)
Unrealized (loss) gain on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	109	(857)
Other comprehensive income (loss) before reclassification	(419)	328
Amounts reclassified from accumulated other comprehensive loss	(15)	(247)
Ending balance	(295)	(282)
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	2,620	2,236
Other comprehensive income (loss) before reclassification	0	0
Amounts reclassified from accumulated other comprehensive loss	130	136
Ending balance	2,490	2,100
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(47,411)	(56,124)
Other comprehensive income (loss) before reclassification	(6,846)	(12,608)
Amounts reclassified from accumulated other comprehensive loss	0
Ending balance	$ (54,257)	$ (68,732)

Other Comprehensive Income Sc28

Other Comprehensive Income Schedule of Other Comprehensive Income, Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Other Comprehensive Income (Loss), Tax [Abstract]
Derivatives used in Net Investment Hedge, Tax Benefit (Expense)	$ (301)	$ (1,568)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	(195)	(128)
Other Comprehensive Income Tax Other Adjustments	11	30
Other Comprehensive Income (Loss), Tax	$ (485)	$ (1,666)

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, 2017	Oct. 31, 2016
Earnings Per Share [Line Items]
Net Income (Loss) Attributable to Parent	$ 25,836	$ 22,553
Denominator for basic earnings for both Class A and Class B	51,440	50,634
Plus: Effect of dilutive stock options	943	821
Denominator for diluted earnings per share for both Class A and Class B	52,383	51,455
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Net earnings per share, basic	$ 0.50	$ 0.45
Net earnings per share, diluted	$ 0.49	$ 0.44
Class B Voting Common Stock
Earnings Per Share [Line Items]
Preferential dividends	$ (799)	$ (788)
Preferential dividends on dilutive stock options	(16)	(14)
Earnings from continuing operations	$ 25,021	$ 21,751
Net earnings per share, basic	$ 0.49	$ 0.43
Net earnings per share, diluted	$ 0.48	$ 0.42

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Earnings Per Share [Abstract]
Common stock of Class A shares excluded from computations of diluted net income per share	737,132	772,334

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information By Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Segment Reporting Information [Line Items]
Sales to External Customers	$ 290,151	$ 280,176
Segment Profit	42,282	39,518
ID Solutions [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	209,705	201,264
Segment Profit	35,837	33,068
Workplace Safety [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	80,446	78,912
Segment Profit	$ 6,445	$ 6,450

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Segment Reconciliation [Abstract]
Total profit from reportable segments	$ 42,282	$ 39,518
Unallocated amounts:
Administrative costs	(6,871)	(6,310)
Investment and other income	216	(489)
Interest expense	(863)	(1,732)
Earnings before income taxes	$ 34,764	$ 30,987

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Assumptions (Detail) - $ / shares	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected term (in years)	6 years 26 days	6 years 1 month 9 days
Expected volatility	28.19%	29.43%
Expected dividend yield	2.72%	2.70%
Risk-free interest rate	1.96%	1.26%
Weighted-average market value of underlying stock at grant date	$ 36.85	$ 35.14
Options, Grants in Period, Weighted Average Exercise Price	36.85	35.14
Weighted-average fair value of options granted during the period	$ 7.96	$ 7.56

Stock-Based Compensation Servic

Stock-Based Compensation Service-Based Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Service-Based Stock Options [Abstract]
Options Outstanding at July 31, 2016	2,879,801
Options Outstanding at July 31, 2016, Weighted Average Exercise Price	$ 27.40
Options, Grants in Period	364,046
Options, Grants in Period, Weighted Average Exercise Price	$ 36.85	$ 35.14
Options, Exercised in Period	(140,998)
Options, Exercises in Period, Weighted Average Exercise Price	$ 0
Options, Forfeitures or Expirations in Period	(10,719)
Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$ 27.14
Options Outstanding, Weighted Average Remaining Contractual Term	6 years 2 months 12 days
Options Outstanding at October 31, 2016	3,092,130
Options Outstanding at October 31, 2016, Weighted Average Exercise Price	$ 28.49
Options Outstanding, Aggregate Intrinsic Value	$ 29,020
Options Exercisable	2,229,350	2,616,609
Options Exercisable, Weighted Average Exercise Price	$ 27.39	$ 29.31
Options Exercisable, Weighted Average Remaining Contractual Term	5 years 1 month 6 days
Options Exercisable, Aggregate Intrinsic Value	$ 23,397

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity under Company's Share-Based Compensation Plans (Detail) - Service Based Restricted Shares and Restricted Stock Units [Member] - $ / shares	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Service Based Restricted Shares and Restricted Stock Units [Line Items]
Outstanding at July 31, 2016	517,108
Outstanding at July 31, 2016, Weighted Average Grant Date Fair Value	$ 25.61
Service-Based RSUs, Grants in Period	83,388
Service-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 36.65	$ 35.14
Service-Based RSUs, Vested in Period	(130,378)
Service-Based RSUs, Vested in Period, Weighted Average Grant Date Fair Value	$ 24.67
Service-Based RSUs, Forfeited in Period	(4,412)
Service-Based RSUs, Forfeitures, Weighted Average Grant Date Fair Value	$ 26.28
Outstanding at October 31, 2016	465,706
Outstanding at October 31, 2016, Weighted Average Grant Date Fair Value	$ 27.84

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Incentive Stock Plan
Shares authorized	3,672,332
Shares reserved for future issuance	3,989,341
Stock-Based Compensation Expense
Share-based compensation expense	$ 3,744	$ 3,155
Share-based compensation expense, net of tax	2,321	1,957
Unrealized compensation cost related to share-based compensation, pre tax	$ 17,077
Weighted average period remaining	2 years 1 month 6 days
Stock Options, Additional Disclosures
Proceeds from stock options exercised	$ 3,249	8,813
Fair value of options vested	2,974	2,794
Employee Service Share-based Compensation, Tax Benefit from Exercise of Stock Options	478	1,100
Service-Based RSUs, Additional Disclosures
Service-Based RSUs, Nonvested, Aggregate Intrinsic Value,	22,077
Service-Based RSUs, Vested in Period, Fair Value	4,736	5,079
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 1,257	$ 2,894
Service Based Restricted Shares and Restricted Stock Units [Member]
Service-Based RSUs, Additional Disclosures
Service-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 36.65	$ 35.14

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, 2017	Oct. 31, 2016
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	$ 22,077
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	58,206
Performance-Based RSUs, Grants in Period	56,290
Performance-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 33.12	$ 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	114,496
Outstanding at October 31, 2016, Weighted Average Grant Date Fair Value	$ 32.57

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, 2017	Jul. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	$ 13,195	$ 15,348
Total Liabilities	821	1,577
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	13,020	13,994
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	13,020	13,994
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	175	1,354
Total Liabilities	821	1,577
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	175	1,354
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	$ 821	$ 1,577

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 31, 2017	Jul. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 98,190	$ 109,303
Debt, Carrying Value	$ 93,810	$ 104,536

Derivatives and Hedging Activ40

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Oct. 31, 2017	Jul. 31, 2017
Designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	$ 173	$ 1,067
Liability Derivatives	53,236	54,849
Not designated as hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	2	287
Liability Derivatives	6	7
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	2	287
Foreign exchange contract [Member] | Not designated as hedging Instruments [Member] | Other current liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	6	7
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	173	1,067
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	815	1,569
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	$ 52,421	$ 53,280

Derivatives and Hedging Activ41

Derivatives and Hedging Activities - Additional Information (Detail) $ in Thousands, £ in Millions	3 Months Ended
	Oct. 31, 2017USD ($)	Oct. 31, 2016USD ($)	Oct. 31, 2017GBP (£)	Jul. 31, 2017USD ($)
Summary
Derivative maturity	18 months
Derivative, Notional Amount	$ 25,638			$ 81,195
Summary of Cash Flow Hedge Activity
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	710	$ 58
Cash Flow Hedge Gain (Loss) Reclassified from OCI to Earnings	24	405
Total Outstanding Forward Foreign Exchange Contracts	22,538
Summary of Derivative Instruments Not Designated as Hedging Instruments
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 22	$ (1,733)
Senior Unsecured Notes [Member]
Summary of Net Investment Hedge Activity
Net investment hedges to hedge portions of net investment | £			£ 45

Discontinued Operations Operati

Discontinued Operations Operating Results, Details (Details) $ in Thousands	3 Months Ended
	Oct. 31, 2016USD ($)
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, 2017	Oct. 31, 2016
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 8,928	$ 8,434

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Nov. 14, 2017$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend declared (USD per share)	$ 0.2075