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Subsequent Events
12 Months Ended
Jul. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events

NOTE P Subsequent Events

On August 31, 2015, the Company announced that it had acquired 100 percent of the shares of Engineered Products Company, a leading designer and manufacturer of indicators, gauges, switches and sensors for engine air and liquid filtration systems. Founded in 1977, Engineered Products generates annual sales of approximately $9 million through its well-known Filter Minder® brand. The acquisition of Engineered Products supports the Company’s strategy of maintaining its technical leadership in filtration products for both OEM Customers and end users.

On September 24, 2015, the Company repatriated $20.3 million, or €18.0 million, of cash held by its foreign subsidiaries in the form of a cash dividend. Additionally, on September 30, 2015, the Company repatriated $5.2 million of cash held by its foreign subsidiaries in the form of a cash dividend. These dividends represented a portion of the total planned dividends for Fiscal 2016.