Brady (BRC) 10-Q15 Nov 182019 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Oct. 31, 2018	Nov. 13, 2018
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2018
Document Fiscal Year Focus	2,019
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
Entity Emerging Growth Company	false
Entity Small Business	false
Class A nonvoting common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,937,041
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, 2018	Jul. 31, 2018
Current assets:
Cash and cash equivalents	$ 192,176	$ 181,427
Accounts receivable—net	169,327	161,282
Inventories:
Finished products	71,092	73,133
Work-in-process	20,734	19,903
Raw materials and supplies	22,190	20,035
Total inventories	114,016	113,071
Prepaid expenses and other current assets	18,497	15,559
Total current assets	494,016	471,339
Other assets:
Goodwill	415,129	419,815
Other intangible assets	41,033	42,588
Deferred income taxes	7,770	7,582
Other	17,621	17,662
Property, plant and equipment, cost:
Land	7,250	6,994
Buildings and improvements	95,386	96,245
Machinery and equipment	270,192	270,989
Construction in progress	7,492	4,495
Property, plant and equipment, gross	380,320	378,723
Less accumulated depreciation	282,263	280,778
Property, plant and equipment—net	98,057	97,945
Total	1,073,626	1,056,931
Current liabilities:
Accounts payable	64,735	66,538
Wages and amounts withheld from employees	48,945	67,619
Taxes, other than income taxes	8,377	8,318
Accrued income taxes	4,937	3,885
Other current liabilities	54,582	44,567
Total current liabilities	181,576	190,927
Long-term obligations	54,408	52,618
Other liabilities	64,699	61,274
Total liabilities	300,683	304,819
Stockholders’ equity:
Class A nonvoting common stock—Issued 51,261,487 shares, and outstanding 48,918,974 and 48,393,617 shares, respectively	513	513
Class B voting common stock—Issued and outstanding, 3,538,628 shares	35	35
Additional paid-in capital	326,182	325,631
Retained earnings	570,858	553,454
Treasury stock—2,342,513 and 2,867,870 shares, respectively, of Class A nonvoting common stock, at cost	(58,414)	(71,120)
Accumulated other comprehensive loss	(66,231)	(56,401)
Total stockholders’ equity	772,943	752,112
Total	$ 1,073,626	$ 1,056,931

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Oct. 31, 2018	Jul. 31, 2018
Class A nonvoting common stock
Common stock, shares issued	51,261,487	51,261,487
Common stock, shares outstanding	48,918,974	48,393,617
Treasury stock, shares	2,342,513	2,867,870
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, 2018	Oct. 31, 2017
Net sales	$ 293,196	$ 290,151
Cost of products sold	146,657	144,086
Gross margin	146,539	146,065
Operating expenses:
Research and development	11,326	10,520
Selling, general and administrative	94,591	100,134
Total operating expenses	105,917	110,654
Operating income	40,622	35,411
Other (expense) income:
Investment and other (expense) income	(17)	216
Interest expense	(712)	(863)
Earnings before income taxes	39,893	34,764
Income tax expense	9,256	8,928
Net earnings	$ 30,637	$ 25,836
Weighted average common shares outstanding (in thousands):
Weighted average common shares outstanding, basic (in thousands):	52,201	51,440
Weighted average common shares outstanding, diluted (in thousands):	52,958	52,383
Class A Nonvoting Common Stock
Earnings Per Share
Net earnings per share, basic	$ 0.59	$ 0.50
Net earnings per share, diluted	0.58	0.49
Dividends	0.21	0.21
Class B Voting Common Stock
Earnings Per Share
Net earnings per share, basic	0.57	0.49
Net earnings per share, diluted	0.56	0.48
Dividends	$ 0.20	$ 0.19

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Statement of Comprehensive Income [Abstract]
Net earnings	$ 30,637	$ 25,836
Foreign currency translation adjustments:
Foreign currency translation adjustments	(5,395)	(5,383)
Net investment hedge and long-term intercompany loan translation adjustments	(3,395)	(1,172)
Cash flow hedges:
Net loss recognized in other comprehensive loss	(380)	(234)
Reclassification adjustment for (gains) losses included in net earnings	(47)	24
Total cash flow hedges	(427)	(210)
Pension and other post-retirement benefits:
Pension and other post-retirement benefits actuarial gain amortization	(155)	(130)
Other comprehensive income (loss), before tax	(9,372)	(6,895)
Income tax benefit (expense) related to items of other comprehensive loss	(458)	(485)
Other comprehensive loss, net of tax	(9,830)	(7,380)
Comprehensive income	$ 20,807	$ 18,456

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Statement of Cash Flows [Abstract]
Net earnings	$ 30,637	$ 25,836
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,960	6,564
Non-cash portion of stock-based compensation expense	4,965	3,744
Deferred income taxes	2,164	(1,168)
Changes in operating assets and liabilities (net of effects of business acquisitions/divestitures):
Accounts receivable	(6,709)	(4,807)
Inventories	(3,125)	(3,571)
Prepaid expenses and other assets	(2,197)	(2,005)
Accounts payable and accrued liabilities	(14,070)	7,799
Income taxes	1,193	2,327
Net cash provided by operating activities	18,818	34,719
Investing activities:
Purchases of property, plant and equipment	(6,009)	(3,802)
Other	337	974
Net cash used in investing activities	(5,672)	(2,828)
Financing activities:
Payment of dividends	(11,096)	(10,639)
Proceeds from exercise of stock options	12,138	3,249
Proceeds from borrowing on credit facilities	5,737	10,901
Debt issuance costs	(2,269)	(22,894)
Income tax on equity-based compensation, and other	(3,846)	(2,280)
Net cash provided by (used in) financing activities	664	(21,663)
Effect of exchange rate changes on cash	(3,061)	(1,935)
Net increase in cash and cash equivalents	10,749	8,293
Cash and cash equivalents, beginning of period	181,427	133,944
Cash and cash equivalents, end of period	$ 192,176	$ 142,237

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Oct. 31, 2018
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, 2018 and July 31, 2018 , its results of operations and comprehensive income for the three months ended October 31, 2018 and 2017 , and cash flows for the three months ended October 31, 2018 and 2017 . The consolidated balance sheet as of July 31, 2018 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, 2018 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Oct. 31, 2018
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, 2018 , were as follows: IDS WPS Total Balance as of July 31, 2018 $ 385,524 $ 34,291 $ 419,815 Translation adjustments (3,569 ) (1,117 ) (4,686 ) Balance as of October 31, 2018 $ 381,955 $ 33,174 $ 415,129 Goodwill is presented net of accumulated impairment losses, with the most recent impairment charge being incurred in fiscal 2015. There were no impairment charges recorded during the three months ended October 31, 2018 . 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, 2018 July 31, 2018 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 $ 1,448 $ (1,069 ) $ 379 5 $ 1,448 $ (942 ) $ 506 Trademarks and other 9 4,416 (4,332 ) 84 9 4,497 (4,395 ) 102 Customer relationships 9 55,559 (34,418 ) 21,141 9 55,999 (33,535 ) 22,464 Unamortized other intangible assets: Trademarks N/A 19,429 — 19,429 N/A 19,516 — 19,516 Total $ 80,852 $ (39,819 ) $ 41,033 $ 81,460 $ (38,872 ) $ 42,588 The decrease in the gross carrying amount of other intangible assets as of October 31, 2018 compared to July 31, 2018 was due to the effects of currency fluctuations during the three-month period. Amortization expense on intangible assets was $ 1,436 and $ 1,693 for the three months ended October 31, 2018 and 2017 , respectively. Amortization expense over each of the next five fiscal years is projected to be $ 5,713 , $ 5,187 , $ 5,148 , $ 5,004 and $ 2,025 for the fiscal years ending July 31, 2019 , 2020 , 2021 , 2022 and 2023 , respectively.

Other Comprehensive Income Othe

Other Comprehensive Income Other Comprehensive Income (Loss)	3 Months Ended
	Oct. 31, 2018
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, 2018 : Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2018 $ 863 $ 3,302 $ (60,566 ) $ (56,401 ) Other comprehensive loss before reclassification (491 ) — (9,149 ) (9,640 ) Amounts reclassified from accumulated other comprehensive loss (35 ) (155 ) — (190 ) Ending balance, October 31, 2018 $ 337 $ 3,147 $ (69,715 ) $ (66,231 ) The increase in the accumulated other comprehensive loss as of October 31, 2018 , compared to July 31, 2018 , 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 $190 in amounts reclassified from accumulated other comprehensive loss, the $35 gain on cash flow hedges was reclassified into cost of goods sold and the $155 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, 2018 . The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2017 , were as follows: 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 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 SG&A on the Condensed Consolidated Statements of Earnings for the three months ended October 31, 2017 . The following table illustrates the income tax expense on the components of other comprehensive loss for the three months ended October 31, 2018 and 2017 : Three months ended October 31, 2018 2017 Income tax expense related to items of other comprehensive loss: Net investment hedge translation adjustments $ (405 ) $ (301 ) Cash flow hedges (100 ) (195 ) Other income tax adjustments and currency translation 47 11 Income tax expense related to items of other comprehensive loss $ (458 ) $ (485 )

Net Income per Common Share

Net Income per Common Share	3 Months Ended
Net Income per Common Share	Oct. 31, 2018
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, 2018 2017 Numerator: Earnings (Numerator for basic and diluted Class A Nonvoting Common Share) $ 30,637 $ 25,836 Less: Preferential dividends (815 ) (799 ) Preferential dividends on dilutive stock options (13 ) (16 ) Numerator for basic and diluted earnings per Class B Voting Common Share $ 29,809 $ 25,021 Denominator: (in thousands) Denominator for basic earnings for both Class A and Class B 52,201 51,440 Plus: Effect of dilutive stock options 757 943 Denominator for diluted earnings per share for both Class A and Class B 52,958 52,383 Net earnings per Class A Nonvoting Common Share: Basic $ 0.59 $ 0.50 Diluted $ 0.58 $ 0.49 Net earnings per Class B Voting Common Share: Basic $ 0.57 $ 0.49 Diluted $ 0.56 $ 0.48 Options to purchase 679,902 and 737,132 shares of Class A Nonvoting Common Stock for the three months ended October 31, 2018 and 2017 , 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.

New Accounting Pronouncements N

New Accounting Pronouncements New Accounting Pronouncements	3 Months Ended
New Accounting Pronouncements New Accounting Pronouncements	Oct. 31, 2018
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 ("ASU") 2017-12 "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," 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 periods in fiscal years 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 March 2017, the FASB issued ASU 2017-07, "Compensation-Retirement Benefits (Topic 715): Improving the presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost," which requires entities to present the service cost component of net periodic pension cost and net periodic postretirement benefit cost in the income statement line items where they report compensation cost. Entities will present all other components of net benefit cost outside operating income, if this subtotal is presented. The amendment only impacts where those costs are reflected within the income statement. In addition, only the service cost component of net benefit cost is eligible for capitalization. The Company adopted ASU 2017-07 effective August 1, 2018 and elected the practical expedient to use the components of cost disclosed in prior years as a basis for the retrospective application of the new income statement presentation. The impact of the adoption on the Company's condensed consolidated financial statements was not significant for the three months ended October 31, 2018 and 2017 . Refer to Note 4 "Employee Benefit Plans" in our annual report on Form 10-K for the year ended July 31, 2018. 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 standards. The update requires, 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 allows for either a full retrospective or a modified retrospective approach and early adoption is permitted. The Company expects the new lease standard to increase its total assets and liabilities; however, it is evaluating the magnitude of the impact on its consolidated financial statements. The Company has formed a team to implement the new lease standard, has selected a third-party software program to track and store its leases, and has accumulated data pertaining to its global lease obligations. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers" ("Topic 606"), 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. The Company adopted ASU 2014-09 (and related updates) effective August 1, 2018 using the modified retrospective method to apply this guidance to all contracts at the date of initial application. Results for reporting periods beginning after August 1, 2018 are presented under Topic 606, while comparative prior period amounts have not been restated and continue to be presented under accounting standards in effect in those periods. The results of applying Topic 606 were insignificant and did not have a material impact on the Company's consolidated financial condition, results of operations, cash flows, business processes, controls, or systems. Upon adoption, the Company recorded a cumulative adjustment to the opening balance of retained earnings as of August 1, 2018, which resulted in a decrease to retained earnings of $2,137 , net of tax. The adjustment was primarily due to a change in timing of when revenue and the related costs for certain extended service-type warranties are recognized, as required per Topic 606. Refer to Note C "Revenue Recognition" for additional information and required disclosures under the new standard.

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition (Notes)	3 Months Ended
Revenue Recognition Revenue Recognition (Notes)	Oct. 31, 2018
Revenue Recognition [Abstract]
Revenue Recognition, Policy [Policy Text Block]	NOTE C — Revenue Recognition The Company’s revenues are primarily from the sale of identification solutions and workplace safety products that are shipped and billed to customers. All revenue is from contracts with customers and is included in "Net sales" on the consolidated statements of earnings. The Company considers the purchase orders, which in some cases are governed by master sales or distributor agreements, to be its contracts with the customers. For each contract, the Company considers the commitment to transfer products, each of which is distinct, to be its identified performance obligations. Timing The majority of the Company's revenue is earned and recognized at a point in time through ship-and-bill performance obligations, when control of the product is transferred to the customer, which typically occurs upon shipment or delivery to the customer, depending on freight terms. To determine when control has transferred, the Company considers if there is a present right to payment; and if legal title, physical possession, and the significant risks and rewards of ownership of the asset has transferred to the customer. Once a product has shipped or has been delivered, the customer is able to direct the use of, and obtain substantially all of the remaining benefits from, the asset. Measurement Revenue is measured as the amount of consideration the Company expects to be entitled to in exchange for the transfer of product, which is generally the price stated in the contract specific for each item sold, adjusted for the value of expected returns, discounts, rebates, or other allowances offered to the Company's customers as a reduction of the transaction price. Certain discounts and price assurances are fixed and known at the time of sale. Expected returns and other allowances are variable and are estimated using the expected value method based upon historical experience. Rebates offered to customers are retrospective and typically defined in the master sales or distributor agreements, and therefore are recorded using the most likely amount method based on the terms of the contract. Estimated amounts are included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Payment Terms While the Company’s standard payment terms are net 30 days, the specific payment terms and conditions in its customer contracts vary. In some cases, customers pay for their goods at time of shipment or upon delivery; in other cases, after appropriate credit evaluation, an open credit line is granted and payment is due in arrears. Contracts with payment in arrears are recognized in the condensed consolidated balance sheet as accounts receivable. Warranties The Company offers standard warranty coverage on substantially all products that it sells, and accounts for this standard warranty coverage as an assurance warranty. As such, no transaction price is allocated to the standard warranty, and the Company records a liability for product warranty obligations at the time of sale to a customer based upon historical warranty experience. The Company also sells extended warranty coverage for certain products, which it accounts for as service warranties. In most cases, the extended service warranty is included with the purchase of the product. In applying Topic 606, the Company considers the extended service warranty to be a separate performance obligation in the contract and allocates a portion of the transaction price to the service warranty based on the estimated stand-alone selling price. Under Topic 606, the extended warranty transaction price is initially recorded as deferred revenue on the consolidated balance sheet and recognized on a straight-line basis over the life of the service warranty period. The deferred revenue is considered a contract liability as the Company has a right to payment at the time the product with the related extended service warranty is shipped or delivered and therefore, payment is received in advance of the Company's performance. The balance of contract liabilities as of October 31, 2018, was $2,800 . This also represents the amount of unsatisfied performance obligations related to contracts that extend beyond one year. Of this amount, the Company expects to recognize 34% as revenue by the end of fiscal 2019, an additional 37% by the end of fiscal 2020, and the balance thereafter. Upon adoption of Topic 606, at the beginning of fiscal 2019, the contract liability balance was $2,796 . The current portion of contract liabilities and the non-current portion are included in “Other current liabilities” and “Other liabilities," respectively, on the consolidated balance sheet. During the three months ended October 31, 2018, the Company recognized revenue of $308 that was included in the contract liability balance at the beginning of the period, which was from the amortization of extended service warranties. Practical Expedients With the exception of the performance obligations related to the extended service warranties, the Company's contracts have an original expected duration of one year or less. As a result, the Company has elected to use the practical expedient to not disclose its remaining performance obligations for contracts that have an original expected length of one year or less. The Company applied the portfolio approach to its ship-and-bill contracts that have similar characteristics as it reasonably expects that the effects on the financial statements of applying this guidance to the portfolio of contracts would not differ materially from applying this guidance to the individual contracts within the portfolio. As the Company’s product sale contracts and standard payment terms have a duration of less than one year, it uses the practical expedient applicable to such contracts and does not consider the time value of money. Sales, use, value-add and other similar taxes assessed by governmental authorities and collected concurrent with revenue-producing activities are excluded from revenue. The Company accounts for shipping and handling activities that occur after control of the related products transfers to the customer as fulfillment activities and are therefore recognized as revenue at time of shipping. The Company expenses incremental direct costs of obtaining a contract (e.g., sales commissions) when incurred because the amortization period is generally twelve months or less. Contract costs are expensed in "Selling, general, and administrative expenses" on the consolidated statements of earnings. Refer to Note G, "Segment Information," for the Company's disaggregated revenue disclosure.

Segment Information

Segment Information	3 Months Ended
Segment Information	Oct. 31, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is organized and managed on a global basis within three operating segments, Identification Solutions ("IDS"), Workplace Safety ("WPS"), and People Identification ("People ID"), which aggregate into two reportable segments that are organized around businesses with consistent products and services: IDS and WPS. The Identification Solutions and People ID 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 net sales by segment and geographic region for the three months ended October 31, 2018 and 2017 : Three months ended October 31, 2018 2017 Net sales: ID Solutions Americas $ 145,791 $ 139,404 Europe 48,828 47,131 Asia 23,481 23,170 Total $ 218,100 $ 209,705 Workplace Safety Americas $ 24,751 $ 26,488 Europe 37,655 41,384 Australia 12,690 12,574 Total $ 75,096 $ 80,446 Total Company Americas $ 170,542 $ 165,892 Europe 86,483 88,515 Asia-Pacific 36,171 35,744 Total $ 293,196 $ 290,151 Segment profit for the three months ended October 31, 2018 and 2017 is as follows: Three months ended October 31, 2018 2017 Segment profit: ID Solutions $ 41,562 $ 35,837 Workplace Safety 5,541 6,445 Total Company $ 47,103 $ 42,282 The following is a reconciliation of segment profit to earnings before income taxes for the three months ended October 31, 2018 and 2017 : Three months ended October 31, 2018 2017 Total profit from reportable segments $ 47,103 $ 42,282 Unallocated amounts: Administrative costs (6,481 ) (6,871 ) Investment and other (expense) income (17 ) 216 Interest expense (712 ) (863 ) Earnings before income taxes $ 39,893 $ 34,764

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Oct. 31, 2018
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 or as determined using a Monte Carlo simulation. 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 financial performance metrics are met. As of October 31, 2018 , the Company has reserved 2,682,634 shares of Class A Nonvoting Common Stock for outstanding stock options, RSUs, and restricted shares and 3,655,246 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, 2018 and 2017 , was $4,965 ( $4,319 net of taxes) and $3,744 ( $2,321 net of taxes), respectively. As of October 31, 2018 , total unrecognized compensation cost related to stock-based compensation awards was $16,245 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, 2018 and 2017 , 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 2018 2017 Expected term (in years) 6.20 6.07 Expected volatility 25.83 % 28.19 % Expected dividend yield 2.71 % 2.72 % Risk-free interest rate 3.01 % 1.96 % Weighted-average market value of underlying stock at grant date $ 43.96 $ 36.85 Weighted-average exercise price $ 43.96 $ 36.85 Weighted-average fair value of options granted during the period $ 9.70 $ 7.96 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, 2018 , is presented below: Service-Based Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at July 31, 2018 2,504,633 $ 28.23 New grants 276,238 43.96 Exercised (551,919) 26.88 Forfeited or expired (5,407) 36.24 Outstanding at October 31, 2018 2,223,545 $ 30.50 6.5 $ 23,842 Exercisable at October 31, 2018 1,621,317 $ 27.06 5.6 $ 22,340 There were 1,621,317 and 2,229,350 options exercisable with a weighted average exercise price of $27.06 and $27.39 at October 31, 2018 and 2017 , respectively. The total fair value of stock options vested during the three months ended October 31, 2018 and 2017 , was $2,798 and $2,974 , respectively. The cash received from the exercise of options during the three months ended October 31, 2018 and 2017 , was $12,138 and $3,249 . The tax benefit from the exercise of options during the three months ended October 31, 2018 and 2017 , was $2,356 and $478 , respectively. The total intrinsic value of options exercised during the three months ended October 31, 2018 and 2017 , based upon the average market price at the time of exercise during the period, was $9,423 and $1,257 , respectively. The following tables summarize the RSU activity under the Company's share-based compensation plans for the three months ended October 31, 2018 : Service-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2018 342,856 $ 29.05 New grants 76,356 44.04 Vested (111,194 ) 28.15 Forfeited (7,339 ) 29.97 Outstanding at October 31, 2018 300,679 $ 33.16 The service-based RSUs granted during the three months ended October 31, 2017 , 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, 2018 and 2017 , was $4,795 and $4,736 , respectively. Performance-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2018 108,097 $ 32.57 New grants 50,313 50.70 Vested — — Forfeited — — Outstanding at October 31, 2018 158,410 $ 38.33 The performance-based RSUs granted during the three months ended October 31, 2017 , had a weighted-average grant date fair value of $33.12 . The aggregate intrinsic value of unvested service-based and performance-based RSUs outstanding at October 31, 2018 and expected to vest was $18,497 .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Oct. 31, 2018
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, 2018 and July 31, 2018 , 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, 2018 Trading securities $ 14,060 $ — $ 14,060 Other assets Foreign exchange contracts — 891 891 Prepaid expenses and other current assets Total Assets $ 14,060 $ 891 $ 14,951 Foreign exchange contracts $ — $ 505 $ 505 Other current liabilities Total Liabilities $ — $ 505 $ 505 July 31, 2018 Trading securities $ 14,383 $ — $ 14,383 Other assets Foreign exchange contracts — 1,077 1,077 Prepaid expenses and other current assets Total Assets $ 14,383 $ 1,077 $ 15,460 Foreign exchange contracts $ — $ 3 $ 3 Other current liabilities Total Liabilities $ — $ 3 $ 3 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 J, “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, 2018 . 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, 2018 . 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, 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 based on the quoted market prices for similar issues and on the current rates offered for debt of similar maturities was $57,047 and $55,707 at October 31, 2018 and July 31, 2018 , respectively, as compared to the carrying value of $54,408 and $52,618 at October 31, 2018 and July 31, 2018 , respectively.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
Derivatives and Hedging Activities	Oct. 31, 2018
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, 2018 and July 31, 2018 , the notional amount of outstanding forward exchange contracts was $ 23,619 and $32,667 , 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, 2018 and 2017 , unrealized gains of $590 and losses of $710 were included in OCI, respectively. Balances are reclassified from OCI to earnings when the hedged transactions impact earnings. For the three months ended October 31, 2018 and 2017 , the Company reclassified gains of $47 and losses of $24 from OCI into earnings, respectively. At October 31, 2018 , the U.S. dollar equivalent of these outstanding forward foreign exchange contracts totaled $ 20,398 , including contracts to sell Euros and Canadian dollars, and contracts to buy Mexican pesos. 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 the Company's 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, 2018 and 2017 , the Company recognized losses of $33 and gains of $22 , 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, 2018 July 31, 2018 October 31, 2018 July 31, 2018 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 $ 871 Prepaid expenses and other current assets $ 1,076 Other current liabilities $ 452 Other current liabilities $ — 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 51,048 Long term obligations, less current maturities 52,668 Total derivatives designated as hedging instruments $ 871 $ 1,076 $ 51,500 $ 52,668 Derivatives not designated as hedging instruments Foreign exchange contracts Prepaid expenses and other current assets $ 20 Prepaid expenses and other current assets $ 1 Other current liabilities $ 52 Other current liabilities $ 3 Total derivatives not designated as hedging instruments $ 20 $ 1 $ 52 $ 3

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Oct. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 13, 2018, the Board of Directors declared a quarterly cash dividend to shareholders of the Company’s Class A and Class B Common Stock of $0.2125 per share payable on January 31, 2019, to shareholders of record at the close of business on January 10, 2019.

Stockholders' Equity (Notes)

Stockholders' Equity (Notes)	3 Months Ended
Stockholders' Equity (Notes)	Oct. 31, 2018
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Stockholders' Equity The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended October 31, 2018 : Common Additional Retained Earnings Treasury Accumulated Total Stockholders' Equity Balances at July 31, 2018 $ 548 $ 325,631 $ 553,454 $ (71,120 ) $ (56,401 ) $ 752,112 Net earnings — — 30,637 — — 30,637 Other comprehensive loss, net of tax — — — — (9,830 ) (9,830 ) Issuance of shares of Class A Common Stock under stock plan — (4,505 ) — 14,569 — 10,064 Tax benefit and withholdings from deferred compensation distributions — 91 — — — 91 Stock-based compensation expense (Note H) — 4,965 — — — 4,965 Purchase of shares of Class A Common Stock — — — (1,863 ) — (1,863 ) Cumulative adjustment for ASU 2014-09, net of tax (Note B) — — (2,137 ) — — (2,137 ) Cash dividends on Common Stock Class A — $0.21 per share — — (10,403 ) — — (10,403 ) Class B — $0.20 per share — — (693 ) — — (693 ) Balances at October 31, 2018 $ 548 $ 326,182 $ 570,858 $ (58,414 ) $ (66,231 ) $ 772,943 The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended October 31, 2017 : Common Additional Retained Earnings Treasury Accumulated Total Stockholders' Equity Balances at July 31, 2017 $ 548 $ 322,608 $ 507,136 $ (85,470 ) $ (44,682 ) $ 700,140 Net earnings — — 25,836 — — 25,836 Other comprehensive loss, net of tax — — — — (7,380 ) (7,380 ) Issuance of shares of Class A Common Stock under stock plan — (3,863 ) — 5,086 — 1,223 Tax benefit and withholdings from deferred compensation distributions — 168 — (422 ) — (254 ) Stock-based compensation expense (Note H) — 3,744 — — — 3,744 Cash dividends on Common Stock Class A — $0.21 per share — — (9,964 ) — — (9,964 ) Class B — $0.19 per share — — (675 ) — — (675 ) Balances at October 31, 2017 $ 548 $ 322,657 $ 522,333 $ (80,806 ) $ (52,062 ) $ 712,670

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Oct. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the three months ended October 31, 2018 , were as follows: IDS WPS Total Balance as of July 31, 2018 $ 385,524 $ 34,291 $ 419,815 Translation adjustments (3,569 ) (1,117 ) (4,686 ) Balance as of October 31, 2018 $ 381,955 $ 33,174 $ 415,129
Schedule of Other Intangible Assets	The net book value of these assets was as follows: October 31, 2018 July 31, 2018 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 $ 1,448 $ (1,069 ) $ 379 5 $ 1,448 $ (942 ) $ 506 Trademarks and other 9 4,416 (4,332 ) 84 9 4,497 (4,395 ) 102 Customer relationships 9 55,559 (34,418 ) 21,141 9 55,999 (33,535 ) 22,464 Unamortized other intangible assets: Trademarks N/A 19,429 — 19,429 N/A 19,516 — 19,516 Total $ 80,852 $ (39,819 ) $ 41,033 $ 81,460 $ (38,872 ) $ 42,588

Other Comprehensive Income Ot_2

Other Comprehensive Income Other Comprehensive Income, Net of Tax (Tables)	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
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, 2018 : Unrealized gain on cash flow hedges Unamortized gain on post-retirement plans Foreign currency translation adjustments Accumulated other comprehensive loss Beginning balance, July 31, 2018 $ 863 $ 3,302 $ (60,566 ) $ (56,401 ) Other comprehensive loss before reclassification (491 ) — (9,149 ) (9,640 ) Amounts reclassified from accumulated other comprehensive loss (35 ) (155 ) — (190 ) Ending balance, October 31, 2018 $ 337 $ 3,147 $ (69,715 ) $ (66,231 )	The changes in accumulated other comprehensive loss by component, net of tax, for the three months ended October 31, 2017 , were as follows: 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 )
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, 2018 and 2017 : Three months ended October 31, 2018 2017 Income tax expense related to items of other comprehensive loss: Net investment hedge translation adjustments $ (405 ) $ (301 ) Cash flow hedges (100 ) (195 ) Other income tax adjustments and currency translation 47 11 Income tax expense related to items of other comprehensive loss $ (458 ) $ (485 )

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
Net Income per Common Share (Tables)	Oct. 31, 2018
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, 2018 2017 Numerator: Earnings (Numerator for basic and diluted Class A Nonvoting Common Share) $ 30,637 $ 25,836 Less: Preferential dividends (815 ) (799 ) Preferential dividends on dilutive stock options (13 ) (16 ) Numerator for basic and diluted earnings per Class B Voting Common Share $ 29,809 $ 25,021 Denominator: (in thousands) Denominator for basic earnings for both Class A and Class B 52,201 51,440 Plus: Effect of dilutive stock options 757 943 Denominator for diluted earnings per share for both Class A and Class B 52,958 52,383 Net earnings per Class A Nonvoting Common Share: Basic $ 0.59 $ 0.50 Diluted $ 0.58 $ 0.49 Net earnings per Class B Voting Common Share: Basic $ 0.57 $ 0.49 Diluted $ 0.56 $ 0.48

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Oct. 31, 2018
Segment Reporting [Abstract]
Revenue from External Customers by Geographic Areas [Table Text Block]	The following is a summary of net sales by segment and geographic region for the three months ended October 31, 2018 and 2017 : Three months ended October 31, 2018 2017 Net sales: ID Solutions Americas $ 145,791 $ 139,404 Europe 48,828 47,131 Asia 23,481 23,170 Total $ 218,100 $ 209,705 Workplace Safety Americas $ 24,751 $ 26,488 Europe 37,655 41,384 Australia 12,690 12,574 Total $ 75,096 $ 80,446 Total Company Americas $ 170,542 $ 165,892 Europe 86,483 88,515 Asia-Pacific 36,171 35,744 Total $ 293,196 $ 290,151
Schedule of Segment Reporting Information by Segment	Segment profit for the three months ended October 31, 2018 and 2017 is as follows: Three months ended October 31, 2018 2017 Segment profit: ID Solutions $ 41,562 $ 35,837 Workplace Safety 5,541 6,445 Total Company $ 47,103 $ 42,282
Reconciliation of Segment Profit	The following is a reconciliation of segment profit to earnings before income taxes for the three months ended October 31, 2018 and 2017 : Three months ended October 31, 2018 2017 Total profit from reportable segments $ 47,103 $ 42,282 Unallocated amounts: Administrative costs (6,481 ) (6,871 ) Investment and other (expense) income (17 ) 216 Interest expense (712 ) (863 ) Earnings before income taxes $ 39,893 $ 34,764

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Oct. 31, 2018
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 2018 2017 Expected term (in years) 6.20 6.07 Expected volatility 25.83 % 28.19 % Expected dividend yield 2.71 % 2.72 % Risk-free interest rate 3.01 % 1.96 % Weighted-average market value of underlying stock at grant date $ 43.96 $ 36.85 Weighted-average exercise price $ 43.96 $ 36.85 Weighted-average fair value of options granted during the period $ 9.70 $ 7.96
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, 2018 , is presented below: Service-Based Options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at July 31, 2018 2,504,633 $ 28.23 New grants 276,238 43.96 Exercised (551,919) 26.88 Forfeited or expired (5,407) 36.24 Outstanding at October 31, 2018 2,223,545 $ 30.50 6.5 $ 23,842 Exercisable at October 31, 2018 1,621,317 $ 27.06 5.6 $ 22,340
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, 2018 : Service-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2018 342,856 $ 29.05 New grants 76,356 44.04 Vested (111,194 ) 28.15 Forfeited (7,339 ) 29.97 Outstanding at October 31, 2018 300,679 $ 33.16 The service-based RSUs granted during the three months ended October 31, 2017 , 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, 2018 and 2017 , was $4,795 and $4,736 , respectively. Performance-Based RSUs Shares Weighted Average Grant Date Fair Value Outstanding at July 31, 2018 108,097 $ 32.57 New grants 50,313 50.70 Vested — — Forfeited — — Outstanding at October 31, 2018 158,410 $ 38.33 The performance-based RSUs granted during the three months ended October 31, 2017 , had a weighted-average grant date fair value of $33.12 . The aggregate intrinsic value of unvested service-based and performance-based RSUs outstanding at October 31, 2018 and expected to vest was $18,497 .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Oct. 31, 2018
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, 2018 Trading securities $ 14,060 $ — $ 14,060 Other assets Foreign exchange contracts — 891 891 Prepaid expenses and other current assets Total Assets $ 14,060 $ 891 $ 14,951 Foreign exchange contracts $ — $ 505 $ 505 Other current liabilities Total Liabilities $ — $ 505 $ 505 July 31, 2018 Trading securities $ 14,383 $ — $ 14,383 Other assets Foreign exchange contracts — 1,077 1,077 Prepaid expenses and other current assets Total Assets $ 14,383 $ 1,077 $ 15,460 Foreign exchange contracts $ — $ 3 $ 3 Other current liabilities Total Liabilities $ — $ 3 $ 3

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
Derivatives and Hedging Activities (Tables)	Oct. 31, 2018
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, 2018 July 31, 2018 October 31, 2018 July 31, 2018 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 $ 871 Prepaid expenses and other current assets $ 1,076 Other current liabilities $ 452 Other current liabilities $ — 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 51,048 Long term obligations, less current maturities 52,668 Total derivatives designated as hedging instruments $ 871 $ 1,076 $ 51,500 $ 52,668 Derivatives not designated as hedging instruments Foreign exchange contracts Prepaid expenses and other current assets $ 20 Prepaid expenses and other current assets $ 1 Other current liabilities $ 52 Other current liabilities $ 3 Total derivatives not designated as hedging instruments $ 20 $ 1 $ 52 $ 3

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Oct. 31, 2018	Oct. 31, 2017
Equity [Abstract]
Schedule of Stockholders Equity [Table Text Block]	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended October 31, 2018 : Common Additional Retained Earnings Treasury Accumulated Total Stockholders' Equity Balances at July 31, 2018 $ 548 $ 325,631 $ 553,454 $ (71,120 ) $ (56,401 ) $ 752,112 Net earnings — — 30,637 — — 30,637 Other comprehensive loss, net of tax — — — — (9,830 ) (9,830 ) Issuance of shares of Class A Common Stock under stock plan — (4,505 ) — 14,569 — 10,064 Tax benefit and withholdings from deferred compensation distributions — 91 — — — 91 Stock-based compensation expense (Note H) — 4,965 — — — 4,965 Purchase of shares of Class A Common Stock — — — (1,863 ) — (1,863 ) Cumulative adjustment for ASU 2014-09, net of tax (Note B) — — (2,137 ) — — (2,137 ) Cash dividends on Common Stock Class A — $0.21 per share — — (10,403 ) — — (10,403 ) Class B — $0.20 per share — — (693 ) — — (693 ) Balances at October 31, 2018 $ 548 $ 326,182 $ 570,858 $ (58,414 ) $ (66,231 ) $ 772,943	The following table illustrates the changes in the balances of each component of stockholders' equity for the three months ended October 31, 2017 : Common Additional Retained Earnings Treasury Accumulated Total Stockholders' Equity Balances at July 31, 2017 $ 548 $ 322,608 $ 507,136 $ (85,470 ) $ (44,682 ) $ 700,140 Net earnings — — 25,836 — — 25,836 Other comprehensive loss, net of tax — — — — (7,380 ) (7,380 ) Issuance of shares of Class A Common Stock under stock plan — (3,863 ) — 5,086 — 1,223 Tax benefit and withholdings from deferred compensation distributions — 168 — (422 ) — (254 ) Stock-based compensation expense (Note H) — 3,744 — — — 3,744 Cash dividends on Common Stock Class A — $0.21 per share — — (9,964 ) — — (9,964 ) Class B — $0.19 per share — — (675 ) — — (675 ) Balances at October 31, 2017 $ 548 $ 322,657 $ 522,333 $ (80,806 ) $ (52,062 ) $ 712,670

Goodwill Rollforward (Detail)

Goodwill Rollforward (Detail) $ in Thousands	3 Months Ended
Goodwill Rollforward (Detail) $ in Thousands	Oct. 31, 2018USD ($)
Goodwill
Balance as of July 31, 2018	$ 419,815
Translation adjustments	(4,686)
Balance as of October 31, 2018	415,129
ID Solutions
Goodwill
Balance as of July 31, 2018	385,524
Translation adjustments	(3,569)
Balance as of October 31, 2018	381,955
Workplace Safety
Goodwill
Balance as of July 31, 2018	34,291
Translation adjustments	(1,117)
Balance as of October 31, 2018	$ 33,174

Other Intangible Assets (Detail

Other Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
Other Intangible Assets (Detail) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017	Jul. 31, 2018
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Amortization of Intangible Assets	$ 1,436	$ 1,693
Intangible Assets, Amortization Expense, Next Twelve Months	5,713
Intangible Assets, Amortization Expense, Year Two	5,187
Intangible Assets, Amortization Expense, Year Three	5,148
Intangible Assets, Amortization Expense, Year Four	5,004
Intangible Assets, Amortization Expense, Year Five	2,025
Other Intangible Assets [Line Items]
Gross Carrying Amount	80,852		$ 81,460
Accumulated Amortization	(39,819)		(38,872)
Net Book Value	$ 41,033		$ 42,588
Patents [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	5 years		5 years
Gross Carrying Amount	$ 1,448		$ 1,448
Accumulated Amortization	(1,069)		(942)
Net Book Value	$ 379		$ 506
Trademarks and other [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years		9 years
Gross Carrying Amount	$ 4,416		$ 4,497
Accumulated Amortization	(4,332)		(4,395)
Net Book Value	$ 84		$ 102
Customer relationships [Member]
Other Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years		9 years
Gross Carrying Amount	$ 55,559		$ 55,999
Accumulated Amortization	(34,418)		(33,535)
Net Book Value	21,141		22,464
Trademarks [Member]
Other Intangible Assets [Line Items]
Gross Carrying Amount	19,429		19,516
Accumulated Amortization	0		0
Net Book Value	$ 19,429		$ 19,516

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, 2018	Oct. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (56,401)	$ (44,682)
Other comprehensive loss before reclassification	(9,640)	(7,265)
Amounts reclassified from accumulated other comprehensive loss	190	115
Ending balance	(66,231)	(52,062)
Unrealized gain on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	863	109
Other comprehensive loss before reclassification	(491)	(419)
Amounts reclassified from accumulated other comprehensive loss	35	(15)
Ending balance	337	(295)
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(60,566)	(47,411)
Other comprehensive loss before reclassification	(9,149)	(6,846)
Ending balance	(69,715)	(54,257)
Unamortized gain on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	3,302	2,620
Amounts reclassified from accumulated other comprehensive loss	155	130
Ending balance	$ 3,147	$ 2,490

Other Comprehensive Income Sc_2

Other Comprehensive Income Schedule of Other Comprehensive Income, Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Other Comprehensive Income (Loss), Tax [Abstract]
Derivatives used in Net Investment Hedge, Tax Benefit (Expense)	$ (405)	$ (301)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	(100)	(195)
Other Comprehensive Income Tax Other Adjustments	47	11
Other Comprehensive Income (Loss), Tax	$ (458)	$ (485)

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, 2018	Oct. 31, 2017
Earnings Per Share [Line Items]
Net earnings	$ 30,637	$ 25,836
Denominator for basic earnings for both Class A and Class B	52,201	51,440
Plus: Effect of dilutive stock options	757	943
Denominator for diluted earnings per share for both Class A and Class B	52,958	52,383
Class A Nonvoting Common Stock
Earnings Per Share [Line Items]
Net earnings per share, basic	$ 0.59	$ 0.50
Net earnings per share, diluted	$ 0.58	$ 0.49
Class B Voting Common Stock
Earnings Per Share [Line Items]
Preferential dividends	$ (815)	$ (799)
Preferential dividends on dilutive stock options	(13)	(16)
Earnings from continuing operations	$ 29,809	$ 25,021
Net earnings per share, basic	$ 0.57	$ 0.49
Net earnings per share, diluted	$ 0.56	$ 0.48

Net Income per Common Share - A

Net Income per Common Share - Additional Informations (Detail) - shares	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Earnings Per Share [Abstract]
Common stock of Class A shares excluded from computations of diluted net income per share	679,902	737,132

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Details) - USD ($)	3 Months Ended
Revenue Recognition Revenue Recognition (Details) - USD ($)	Oct. 31, 2018	Aug. 01, 2018
Revenue Recognition [Abstract]
Contract with Customer, Liability	$ 2,800	$ 2,796
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation	Of this amount, the Company expects to recognize 34% as revenue by the end of fiscal 2019, an additional 37% by the end of fiscal 2020, and the balance thereafter.
Deferred Revenue, Revenue Recognized	$ 308

New Accounting Pronouncements (

New Accounting Pronouncements (Details)	Aug. 01, 2018USD ($)
New Accounting Pronouncements [Abstract]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	$ 2,850

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information By Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Segment Reporting Information [Line Items]
Net sales	$ 293,196	$ 290,151
Segment Profit	47,103	42,282
ID Solutions
Segment Reporting Information [Line Items]
Net sales	218,100	209,705
Segment Profit	41,562	35,837
Workplace Safety
Segment Reporting Information [Line Items]
Net sales	75,096	80,446
Segment Profit	5,541	6,445
Americas
Segment Reporting Information [Line Items]
Net sales	170,542	165,892
Americas \| ID Solutions
Segment Reporting Information [Line Items]
Net sales	145,791	139,404
Americas \| Workplace Safety
Segment Reporting Information [Line Items]
Net sales	24,751	26,488
Europe
Segment Reporting Information [Line Items]
Net sales	86,483	88,515
Europe \| ID Solutions
Segment Reporting Information [Line Items]
Net sales	48,828	47,131
Europe \| Workplace Safety
Segment Reporting Information [Line Items]
Net sales	37,655	41,384
Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	36,171	35,744
Asia-Pacific \| ID Solutions
Segment Reporting Information [Line Items]
Net sales	23,481	23,170
Asia-Pacific \| Workplace Safety
Segment Reporting Information [Line Items]
Net sales	$ 12,690	$ 12,574

Segment Information - Net Incom

Segment Information - Net Income Reconciliation (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Segment Reconciliation [Abstract]
Total profit from reportable segments	$ 47,103	$ 42,282
Unallocated amounts:
Administrative costs	(6,481)	(6,871)
Investment and other (expense) income	(17)	216
Interest expense	(712)	(863)
Earnings before income taxes	$ 39,893	$ 34,764

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Assumptions (Detail) - $ / shares	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected term (in years)	6 years 2 months 12 days	6 years 26 days
Expected volatility	25.83%	28.19%
Expected dividend yield	2.71%	2.72%
Risk-free interest rate	3.01%	1.96%
Weighted-average market value of underlying stock at grant date	$ 43.96	$ 36.85
Options, Grants in Period, Weighted Average Exercise Price	43.96	36.85
Weighted-average fair value of options granted during the period	$ 9.70	$ 7.96

Stock-Based Compensation Servic

Stock-Based Compensation Service-Based Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Service-Based Stock Options [Abstract]
Options Outstanding at July 31, 2016	2,504,633
Options Outstanding at July 31, 2016, Weighted Average Exercise Price	$ 28.23
Options, Grants in Period	276,238
Options, Grants in Period, Weighted Average Exercise Price	$ 43.96	$ 36.85
Options, Exercised in Period	(551,919)
Options, Exercises in Period, Weighted Average Exercise Price	$ 0
Options, Forfeitures or Expirations in Period	(5,407)
Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$ 36.24
Options Outstanding, Weighted Average Remaining Contractual Term	6 years 6 months
Options Outstanding at October 31, 2016	2,223,545
Options Outstanding at October 31, 2016, Weighted Average Exercise Price	$ 30.50
Options Outstanding, Aggregate Intrinsic Value	$ 23,842
Options Exercisable	1,621,317	2,229,350
Options Exercisable, Weighted Average Exercise Price	$ 27.06	$ 27.39
Options Exercisable, Weighted Average Remaining Contractual Term	5 years 7 months 6 days
Options Exercisable, Aggregate Intrinsic Value	$ 22,340

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Incentive Stock Plan
Shares authorized	2,682,634
Shares reserved for future issuance	3,655,246
Stock-Based Compensation Expense
Share-based compensation expense	$ 4,965	$ 3,744
Share-based compensation expense, net of tax	4,319	2,321
Unrealized compensation cost related to share-based compensation, pre tax	$ 16,245
Weighted average period remaining	2 years 1 month 6 days
Stock Options, Additional Disclosures
Proceeds from stock options exercised	$ 12,138	3,249
Fair value of options vested	2,798	2,974
Employee Service Share-based Compensation, Tax Benefit from Exercise of Stock Options	2,356	478
Service-Based RSUs, Additional Disclosures
Service-Based RSUs, Nonvested, Aggregate Intrinsic Value,	18,497
Service-Based RSUs, Vested in Period, Fair Value	4,795	4,736
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 9,423	$ 1,257
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	$ 44.04	$ 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, 2018	Oct. 31, 2017
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	$ 18,497
Service Based Restricted Shares and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at July 31, 2016	342,856
Outstanding at July 31, 2016, Weighted Average Grant Date Fair Value	$ 29.05
Performance-Based RSUs, Grants in Period	76,356
Performance-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 44.04	$ 35.14
Performance-Based RSUs, Vested in Period	(111,194)
Performance-Based RSUs, Vested in Period, Weighted Average Grant Date Fair Value	$ 28.15
Performance-Based RSUs, Forfeited in Period	(7,339)
Performance-Based RSUs, Forfeitures, Weighted Average Grant Date Fair Value	$ 29.97
Outstanding at October 31, 2016	300,679
Outstanding at October 31, 2016, Weighted Average Grant Date Fair Value	$ 33.16
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	108,097
Outstanding at July 31, 2016, Weighted Average Grant Date Fair Value	$ 32.57
Performance-Based RSUs, Grants in Period	50,313
Performance-Based RSUs, Grants in Period, Weighted Average Grant Date Fair Value	$ 50.70	$ 33.12
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	158,410
Outstanding at October 31, 2016, Weighted Average Grant Date Fair Value	$ 38.33

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, 2018	Jul. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	$ 14,951	$ 15,460
Total Liabilities	505	3
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	14,060	14,383
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	14,060	14,383
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	891	1,077
Total Liabilities	505	3
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	891	1,077
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	$ 505	$ 3

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 31, 2018	Jul. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 57,047	$ 55,707
Debt, Carrying Value	$ 54,408	$ 52,618

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Fair Values of Derivative Instruments in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Oct. 31, 2018	Jul. 31, 2018
Designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	$ 871	$ 1,076
Liability Derivatives	51,500	52,668
Not designated as hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	20	1
Liability Derivatives	52	3
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	20	1
Foreign exchange contract [Member] \| Not designated as hedging Instruments [Member] \| Other current liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	52	3
Unrealized gain on cash flow hedges \| Foreign exchange contract [Member] \| Designated as hedging instruments [Member] \| Prepaid expenses and other current assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	871	1,076
Unrealized gain on cash flow hedges \| Foreign exchange contract [Member] \| Designated as hedging instruments [Member] \| Other current liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	452	0
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	$ 51,048	$ 52,668

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Additional Information (Detail) $ in Thousands, £ in Millions	3 Months Ended
	Oct. 31, 2018USD ($)	Oct. 31, 2017USD ($)	Oct. 31, 2018GBP (£)	Jul. 31, 2018USD ($)
Summary
Derivative maturity	18 months
Derivative, Notional Amount	$ 23,619			$ 32,667
Summary of Cash Flow Hedge Activity
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	(590)	$ 710
Cash Flow Hedge Gain (Loss) Reclassified from OCI to Earnings	(47)	24
Total Outstanding Forward Foreign Exchange Contracts	20,398
Summary of Derivative Instruments Not Designated as Hedging Instruments
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ (33)	$ (22)
Senior Unsecured Notes [Member]
Summary of Net Investment Hedge Activity
Net investment hedges to hedge portions of net investment \| £			£ 45

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 9,256	$ 8,928

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Nov. 13, 2018$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend declared (USD per share)	$ 0.2125

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended
Stockholders' Equity (Details) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017	Aug. 01, 2018	Jul. 31, 2018	Jul. 31, 2017
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	$ 772,943	$ 712,670		$ 752,112	$ 700,140
Net earnings	30,637	25,836
Other Comprehensive Income (Loss), Net of Tax	(9,830)	(7,380)
Stock Issued During Period, Value, Stock Options Exercised	(10,064)	(1,223)
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	(91)	(254)
Share-based Compensation	4,965	3,744
Stock Repurchased During Period, Value	(1,863)
Cumulative Effect of New Accounting Principle in Period of Adoption	(2,137)
Payment of Ordinary Dividends, Common Stock Class A	(10,403)	(9,964)
Payment of Ordinary Dividends, Common Stock Class B	(693)	(675)
Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	548	548		548	548
Additional Paid-in Capital [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	326,182	322,657		325,631	322,608
Stock Issued During Period, Value, Stock Options Exercised	(4,505)	(3,863)
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	(91)	(168)
Share-based Compensation	4,965	3,744
Retained Earnings [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	570,858	522,333		553,454	507,136
Net earnings	30,637	25,836
Cumulative Effect of New Accounting Principle in Period of Adoption			$ (2,137)
Payment of Ordinary Dividends, Common Stock Class A	(10,403)	(9,964)
Payment of Ordinary Dividends, Common Stock Class B	(693)	(675)
Treasury Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	(58,414)	(80,806)		(71,120)	(85,470)
Stock Issued During Period, Value, Stock Options Exercised	(14,569)	(5,086)
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation		422
Stock Repurchased During Period, Value	1,863
AOCI Attributable to Parent [Member]
Schedule Of Stockholders Equity [Line Items]
Stockholders' Equity Attributable to Parent	(66,231)	(52,062)		$ (56,401)	$ (44,682)
Other Comprehensive Income (Loss), Net of Tax	$ (9,830)	$ (7,380)