LONG-TERM DEBT (Tables)

12 Months Ended

Jul. 31, 2013

LONG-TERM DEBT

Schedule of long-term debt

Long-term debt consists of the following (in thousands):

	Year Ended July 31,
	2013		2012
Revolving credit agreement	$	327,200	$	369,800
Senior secured term loan		80,000		80,000
Capital lease obligations		2,850		3,108
	$	410,050	$	452,908

Schedule of the interest rate swaps executed

Period	Notional Amount (in thousands)		Fixed Interest Rate
October 2013 - July 2014	$	215,000		0.29	%
August 2014 - July 2016	$	215,000		1.19	%