QUARTERLY RESULTS FROM CONTINUING OPERATIONS (UNAUDITED)

12 Months Ended

Jul. 31, 2013

QUARTERLY RESULTS FROM CONTINUING OPERATIONS (UNAUDITED)

QUARTERLY RESULTS FROM CONTINUING OPERATIONS (UNAUDITED)

21. QUARTERLY RESULTS FROM CONTINUING OPERATIONS (UNAUDITED)

        Unaudited quarterly results from continuing operations for the fiscal years ended July 31, 2013 and 2012 were as follows (in thousands, except per share data):

	Fiscal Year 2013 For the Three Months Ended
	July 31, 2013			April 30, 2013		January 31, 2013		October 31, 2012
Revenues	$	417,089		$	442,708	$	670,752	$	357,468
Gross margin		221,582			232,847		339,651		190,335
(Loss) earnings from continuing operations(a)		(7,984	)		5,052		41,208		(28,265	)
(Loss) earnings per basic share from continuing operations		(0.25	)		0.16		1.27		(0.88	)
(Loss) earnings per diluted share from continuing operations		(0.25	)		0.13		1.02		(0.88	)

	Fiscal Year 2012 For the Three Months Ended
	July 31, 2012			April 30, 2012			January 31, 2012		October 31, 2011
Revenues	$	406,963		$	445,170		$	663,762	$	350,983
Gross margin		209,885			228,193			335,512		187,674
(Loss) earnings from continuing operations(b)		(19,665	)		(4,440	)		28,930		(31,720	)
(Loss) earnings per basic share from continuing operations		(0.61	)		(0.14	)		0.90		(0.99	)
(Loss) earnings per diluted share from continuing operations		(0.61	)		(0.14	)		0.78		(0.99	)

(a)

The earnings (loss) from continuing operations for the first and third quarters include gains totaling $1.9 million and $0.3 million, respectively, related to the De Beers settlement.

(b)

The loss from continuing operations for the fourth quarter includes costs incurred related to the debt refinancing transactions totaling $5.0 million.