DEFERRED REVENUE (Tables)

3 Months Ended

Oct. 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):

	Three Months Ended October 31,
	2013			2012
Deferred revenue, beginning of period	$	191,245		$	208,516
Warranties sold(a)		25,934			24,980
Revenue recognized		(33,955	)		(34,257	)
Deferred revenue, end of period	$	183,224		$	199,239

(a)

Warranty sales for the three months ended October 31, 2013 include $0.5 million related to the depreciation in the Canadian currency rate on the beginning of the period deferred revenue balance. The change in the Canadian currency rate did not have a significant impact on the beginning of the period deferred revenue balance for the three months ended October 31, 2012.