Income Taxes (Tables)

12 Months Ended

Jul. 31, 2013

Income Taxes [Abstract]

Components Of Earnings Before Income Taxes

	2013		2012		2011
	(thousands of dollars)
Earnings before income taxes:
United States	$	147,317	$	171,101	$	117,562
Foreign		200,864		199,679		194,701
Total	$	348,181	$	370,780	$	312,263

Components Of The Provision For Income Taxes

	2013		2012		2011
	(thousands of dollars)
Income taxes:
Current
Federal	$	35,820	$	45,468	$	26,675
State		4,337		4,012		3,555
Foreign		52,300		50,655		54,785
		92,457		100,135		85,015
Deferred
Federal		7,071		7,391		8,556
State		312		722		191
Foreign		964		(1,769)		(6,790)
		8,347		6,344		1,957
Total	$	100,804	$	106,479	$	86,972

Schedule Of Reconciliation Of U.S. Statutory Income Tax Rate With Effective Income Tax Rate

	2013	2012	2011
Statutory U.S. federal rate	35.0%	35.0%	35.0%
State income taxes	1.2%	1.2%	1.0%
Foreign taxes at lower rates	(6.1%)	(6.0%)	(6.6%)
Export, manufacturing, and research credits	(1.5%)	(1.0%)	(1.6%)
U.S. tax impact on repatriation of earnings	(0.2%)	0.8%	(0.3%)
Change in unrecognized tax benefits	0.5%	(1.0%)	0.1%
Other	0.1%	(0.3%)	0.3%
	29.0%	28.7%	27.9%

Schedule Of Temporary Differences That Give Rise To Deferred Tax Assets And Liabilities

	2013		2012
	(thousands of dollars)
Deferred tax assets:
Accrued expenses	$	11,580	$	10,666
Compensation and retirement plans		23,578		52,986
NOL carryforwards		3,279		3,146
LIFO and inventory reserves		5,037		2,796
Other		3,890		3,697
Deferred tax assets, gross		47,364		73,291
Valuation allowance		(3,228)		(2,945)
Net deferred tax assets		44,136		70,346
Deferred tax liabilities:
Depreciation and amortization		(45,737)		(38,796)
Other		(663)		(394)
Deferred tax liabilities		(46,400)		(39,190)
Prepaid tax assets		4,015		4,251
Net tax asset	$	1,751	$	35,407

Schedule Of Reconciliation Of Beginning And Ending Amount Of Gross Unrecognized Tax Benefits

	2013		2012		2011
	(thousands of dollars)
Gross unrecognized tax benefits at beginning of fiscal year	$	16,514	$	20,005	$	18,994
Additions for tax positions of the current year		5,453		3,323		7,406
Additions for tax positions of prior years		407		261		668
Reductions for tax positions of prior years		(1,640)		(4,462)		(4,059)
Settlements		(277)		-		-
Reductions due to lapse of applicable statute of limitations		(2,038)		(2,613)		(3,004)
Gross unrecognized tax benefits at end of fiscal year	$	18,419	$	16,514	$	20,005

Schedule Of Tax Years Affecting Uncertain Tax Positions By Major Tax Jurisdictions

Major Jurisdictions	Open Tax Years
Belgium	2011 through 2012
China	2003 through 2012
France	2010 through 2012
Germany	2009 through 2012
Italy	2003 through 2012
Japan	2012
Mexico	2008 through 2012
Thailand	2005 through 2012
United Kingdom	2012
United States	2011 through 2012