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Fair Value Measurements
12 Months Ended
Jul. 31, 2013
Fair Value Measurements [Abstract]  
Fair Value Measurements
Note 2—Fair Value Measurements 
 
At July 31, 2013, the Company did not have any assets or liabilities measured at fair value on a recurring basis.
 
At July 31, 2013 and 2012, the carrying amounts of the financial instruments included in cash and cash equivalents, other current assets and accrued expenses approximate fair value because of the short period of time to maturity. The fair value estimates for cash and cash equivalents were classified as Level 1 and other current assets and accrued expenses were classified as Level 2 of the fair value hierarchy. The estimated fair value of the Company’s financial instruments was determined using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting this data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange.