DEFERRED REVENUE (Tables)

12 Months Ended

Jul. 31, 2013

DEFERRED REVENUE

Schedule of change in deferred revenue associated with the sale of warranties

The change in deferred revenue associated with the sale of warranties is as follows (in thousands):

	Year Ended July 31,
	2013			2012
Deferred revenue, beginning of period	$	208,516		$	232,180
Warranties sold(a)		130,169			123,121
Revenue recognized		(147,440	)		(146,785	)
Deferred revenue, end of period	$	191,245		$	208,516

(a)

Warranty sales for the years ended July 31, 2013 and 2012 include approximately $0.9 million and $1.9 million, respectively, related to the depreciation in the Canadian currency rate on the beginning of the period deferred revenue balance.