Goodwill And Other Intangible Assets (Tables)

12 Months Ended

Jul. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Reconciliation Of Goodwill

Following is a reconciliation of goodwill for the years ended July 31, 2015 and 2014:

	Engine Products			Industrial Products			Total Goodwill
	(thousands of dollars)
Balance as of July 31, 2013	$	72,321		$	93,247		$	165,568
Foreign exchange translation		52			786			838
Balance as of July 31, 2014	$	72,373		$	94,033		$	166,406
Goodwill acquired					66,814			66,814
Foreign exchange translation		(1,401	)		(8,087	)		(9,488	)
Balance as of July 31, 2015	$	70,972		$	152,760		$	223,732

Reconciliation Of Intangible Assets

Following is a reconciliation of intangible assets for the years ended July 31, 2015 and 2014:

	Gross Carrying Amount			Accumulated Amortization			Net Intangible Assets
	(thousands of dollars)
Balance as of July 31, 2013	$	81,882		$	(40,575	)	$	41,307
Amortization expense		—			(5,154	)		(5,154	)
Retirements		(775	)		600			(175	)
Foreign exchange translation		176			(109	)		67
Balance as of July 31, 2014	$	81,283		$	(45,238	)	$	36,045
Intangible acquired - Northern Technical		6,200			—			6,200
Intangible acquired – IFIL		3,800			—			3,800
Amortization expense		—			(6,778	)		(6,778	)
Foreign exchange translation		(4,193	)		2,796			(1,397	)
Balance as of July 31, 2015	$	87,090		$	(49,220	)	$	37,870

Expected Amortization Expense Relating To Existing Intangible Assets

Expected amortization expense relating to existing intangible assets is as follows (in thousands):

Fiscal Year
2016	$	5,711
2017	$	5,573
2018	$	4,360
2019	$	3,809
2020	$	3,721
Thereafter	$	12,813