Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Jul. 31, 2016

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss)

12.Accumulated Other Comprehensive (Loss) Income

The components and changes in accumulated other comprehensive (loss) income for fiscals 2016, 2015 and 2014 were as follows:

	Foreign
	Currency		Interest Rate
	Translation		Swap
	Adjustments		Agreements		Total
Balance, July 31, 2013	$	11,080,000		(103,000)	$	10,977,000
Other comprehensive loss before reclassifications		(1,528,000)		(47,000)		(1,575,000)
Income tax effect on other comprehensive loss before reclassifications		—		17,000		17,000
Reclassification adjustments to interest expense for losses on interest rate swaps included in net income during the year		—		96,000		96,000
Reclassification adjustments for ineffective hedge on interest rate swap included in net income during the year		—		113,000		113,000
Income tax effect on reclassification adjustments		—		(76,000)		(76,000)
Balance, July 31, 2014		9,552,000		—		9,552,000
Other comprehensive loss		(7,064,000)		—		(7,064,000)
Reclassification adjustment to loss on sale of business for foreign currency translation gain included in net income during the year		(1,264,000)		—		(1,264,000)
Balance, July 31, 2015		1,224,000		—		1,224,000
Other comprehensive loss		(13,019,000)		—		(13,019,000)
Balance, July 31, 2016	$	(11,795,000)	$	—	$	(11,795,000)