Stock Compensation Plan (Tables)

12 Months Ended

Jul. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule Of Share Based Compensation Valuation Model

The risk-free rate for periods within the contractual life of the equity award is based on the United States Treasury yield curve in effect at the time of grant.

	Year Ended July 31,
	2017	2016	2015
Expected volatility	40.3%	40.4%	40.6%
Expected dividends	2.2%	2.2%	1.9%
Expected term (average in years)	5.5-6.2	5.3-5.9	4.9-5.6
Risk-free rate	0.5-1.5%	0.3-2.2%	0.1-2.6%

Schedule Of Share Based Compensation Option And SARs Award Activity

A summary of aggregate option and SARs award activity under the Plan as of July 31, 2015, 2016 and 2017, and changes during the years then ended is presented below (in thousands, except exercise price and contractual term):

	Awards		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at August 1, 2014	2,756		$	42.06
Granted	242		91.64
Exercised	(575	)	36.20
Forfeited or expired	(38	)	75.99
Outstanding at July 31, 2015	2,385		47.96
Granted	198		113.67
Exercised	(180	)	49.79
Forfeited or expired	(22	)	80.42
Outstanding at July 31, 2016	2,381		$	52.98
Granted	143		174.42
Exercised	(215	)	60.05
Forfeited or expired	(19	)	108.06
Outstanding at July 31, 2017	2,290		$	59.12	4.4 years	$	347,214
Vested and expected to vest at July 31, 2017	2,267		$	58.38	4.3 years	$	345,458
Exercisable at July 31, 2017	1,972		$	46.84	3.7 years	$	323,243

Schedule of Share Based Compensation SARs Activity

A summary of the status of the Company’s nonvested SARs as of July 31, 2017 and changes during the year then ended is presented below (in thousands, except fair value amounts):

	Awards	Weighted-Average Grant-Date Fair Value
Outstanding at July 31, 2016	441	$	30.39
Granted	143	50.78
Vested	(247)	29.36
Forfeited	(19)	36.65
Nonvested at July 31, 2017	318	$	42.46

Schedule Of Share Based Compensation Restricted Stock Units Activity

A summary of the status of the Company’s nonvested restricted share units as of July 31, 2017 and changes during the year then ended is presented below (in thousands, except fair value amounts):

	Awards	Weighted-Average Grant-Date Fair Value
Outstanding at July 31, 2016	261	$	90.54
Granted	91	154.19
Vested	(121)	83.75
Forfeited	(20)	109.12
Nonvested at July 31, 2017	211	$	119.97