Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Apr. 30, 2013

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note 13. Accumulated Other Comprehensive Income (Loss)

The components and changes in accumulated other comprehensive income (loss) for the three and nine months ended April 30, 2013 and 2012 were as follows:

	Three Months Ended April 30, 2013									Nine Months Ended April 30, 2013
	Foreign Currency Translation Adjustments			Interest Rate Swap Agreements			Total			Foreign Currency Translation Adjustments			Interest Rate Swap Agreements			Total
Beginning balance	$	8,540,000		$	(145,000	)	$	8,395,000		$	8,385,000		$	(210,000	)	$	8,175,000
Other comprehensive loss before reclassifications	(243,000		)	(60,000		)	(303,000		)	(32,000		)	(74,000		)	(106,000		)
Income tax effect on other comprehensive loss	51,000			22,000			73,000			(5,000		)	27,000			22,000
Reclassification adjustments to interest expense for losses on interest rate swaps included in net income during the periods	—			53,000			53,000			—			168,000			168,000
Income tax effect on reclassification adjustments	—			(22,000		)	(22,000		)	—			(63,000		)	(63,000		)
Ending balance	$	8,348,000		$	(152,000	)	$	8,196,000		$	8,348,000		$	(152,000	)	$	8,196,000

	Three Months Ended April 30, 2012									Nine Months Ended April 30, 2012
	Foreign Currency Translation Adjustments			Interest Rate Swap Agreements			Total			Foreign Currency Translation Adjustments			Interest Rate Swap Agreements			Total
Beginning balance	$	8,322,000		$	—		$	8,322,000		$	9,283,000		$	—		$	9,283,000
Other comprehensive income (loss) before reclassifications	371,000			(161,000		)	210,000			(827,000		)	(161,000		)	(988,000		)
Income tax effect on other comprehensive income (loss)	(67,000		)	60,000			(7,000		)	170,000			60,000			230,000
Ending balance	$	8,626,000		$	(101,000	)	$	8,525,000		$	8,626,000		$	(101,000	)	$	8,525,000

Due to the terms of the interest rate swap agreements as more fully described in Notes 5 and 6, reclassification adjustments from accumulated other comprehensive income (loss) did not occur during the three and nine months ended April 30, 2012.