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Shareholders' Equity
9 Months Ended
Apr. 30, 2018
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
Shareholders' Equity
The Company’s Board of Directors authorized the repurchase of up to 14.0 million shares of common stock under the Company's stock repurchase plan. This repurchase authorization is effective until terminated by the Board of Directors. During the nine months ended April 30, 2018, the Company repurchased 2.3 million shares for $107.7 million. As of April 30, 2018, the Company had remaining authorization to repurchase 4.8 million shares under this plan.
On May 23, 2018, the Company's Board of Directors declared a cash dividend in the amount of 19.0 cents per common share, payable June 28, 2018, to shareholders of record as of June 11, 2018.