INVESTMENTS (Tables)

12 Months Ended

Jul. 31, 2013

INVESTMENTS

Schedule of investments

Our investments consist of the following (in thousands):

	Year Ended July 31, 2013				Year Ended July 31, 2012
	Cost		Fair Value		Cost		Fair Value
U.S. Treasury securities	$	13,501	$	14,436	$	19,423	$	21,109
U.S. government agency securities		2,543		2,687		2,673		2,920
Corporate bonds and notes		756		828		1,192		1,314
Corporate equity securities		1,942		2,669		3,501		3,993
	$	18,742	$	20,620	$	26,789	$	29,336

Schedule of debt securities outstanding maturities

Debt securities outstanding as of July 31, 2013 mature as follows (in thousands):

	Year Ended July 31,
	Cost		Fair Value
Less than one year	$	3,610	$	3,682
Year two through year five		9,178		10,017
Year six through year ten		3,944		4,174
After ten years		68		78
	$	16,800	$	17,951