Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Apr. 30, 2015

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, 2015 and 2014 were as follows:

	Three Months Ended								Nine Months Ended
	April 30, 2015								April 30, 2015
	Foreign								Foreign
	Currency			Interest Rate					Currency			Interest Rate
	Translation			Swap					Translation			Swap
	Adjustments			Agreements		Total			Adjustments			Agreements		Total
Beginning balance	$	2,052,000		$	—	$	2,052,000		$	9,552,000		$	—	$	9,552,000
Other comprehensive income (loss)	1,146,000			—		1,146,000			(6,354,000		)	—		(6,354,000		)
Reclassification adjustment to loss on sale of business for foreign currency translation gain included in net income during the period	(1,264,000		)	—		(1,264,000		)	(1,264,000		)	—		(1,264,000		)
Ending balance	$	1,934,000		$	—	$	1,934,000		$	1,934,000		$	—	$	1,934,000

	Three Months Ended						Nine Months Ended
	April 30, 2014						April 30, 2014
	Foreign						Foreign
	Currency		Interest Rate				Currency			Interest Rate
	Translation		Swap				Translation			Swap
	Adjustments		Agreements		Total		Adjustments			Agreements			Total
Beginning balance	$	9,406,000	$	—	$	9,406,000	$	11,080,000		$	(103,000	)	$	10,977,000
Other comprehensive income (loss) before reclassifications	163,000		—		163,000		(1,511,000		)	(47,000		)	(1,558,000		)
Income tax effect on other comprehensive loss before reclassification	—		—		—		—			17,000			17,000
Reclassification adjustments to interest expense for losses on interest rate swaps included in net income during the period	—		—		—		—			96,000			96,000
Reclassification adjustment for ineffective hedge on interest rate swap included in net income during the period	—		—		—		—			113,000			113,000
Income tax effect on reclassification adjustments	—		—		—		—			(76,000		)	(76,000		)
Ending balance	$	9,569,000	$	—	$	9,569,000	$	9,569,000		$	—		$	9,569,000