INVESTMENTS (Tables)

3 Months Ended

Oct. 31, 2013

INVESTMENTS

Schedule of investments

 Our investments consist of the following (in thousands):

	October 31, 2013				October 31, 2012
	Cost		Fair Value		Cost		Fair Value
U.S. Treasury securities	$	13,497	$	14,430	$	21,092	$	22,623
U.S. government agency securities		1,989		2,102		2,657		2,875
Corporate bonds and notes		4,099		4,189		906		1,018
Corporate equity securities		1,784		2,601		3,501		4,133
	$	21,369	$	23,322	$	28,156	$	30,649

Schedule of debt securities outstanding maturities

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

	Cost		Fair Value
Less than one year	$	3,272	$	3,319
Year two through year five		10,101		10,911
Year six through year ten		6,149		6,420
After ten years		63		71
	$	19,585	$	20,721