Fair Value (Tables)

12 Months Ended

Jul. 31, 2015

Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]

Fair Value Of Outstanding Derivatives In Consolidated Balance Sheets

The following summarizes the Company’s fair value of outstanding derivatives at July 31, 2015 and 2014, on the Consolidated Balance Sheets:

	Significant Other Observable Inputs
	(Level 2)*
	At July 31,
	2015			2014
	(thousands of dollars)
Asset derivatives recorded under the caption
Prepaids and other current assets
Foreign exchange contracts	$	3,608		$	931
Liability derivatives recorded under the caption
Other current liabilities
Foreign exchange contracts		(2,247	)		(1,242	)
Forward exchange contracts - net liability position	$	1,361		$	(311	)

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* Inputs to the valuation methodology of level 2 assets include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means.