Employee Benefit Plans (Tables)

12 Months Ended

Jul. 31, 2014

For the fiscal years ended July 31, 2014, 2013 and 2012 the Company’s stock option activity is as follows:


	2014					2013					2012
	Number of Shares			Weighted Average Exercise Price		Number of Shares			Weighted Average Exercise Price		Number of Shares			Weighted Average Exercise Price
Options outstanding, beginning of year		950,554		$	22.88		1,242,471		$	21.87		1,739,275		$	25.04
Exercised		(69,641	)		5.84		(2,449	)		5.55		(20,046	)		5.77
Forfeited		(405,039	)		34.97		(289,468	)		18.71		(476,758	)		34.09

Options outstanding, end of year		475,874		$	15.08		950,554		$	22.88		1,242,471		$	21.87

Options exercisable		475,874		$	15.08		950,554		$	22.88		1,242,471		$	21.87

As of July 31, 2014, the status of the Company’s outstanding and exercisable stock options is as follows:


Options Outstanding							Options Exercisable
Range of Exercise Price ($)	Number Outstanding (#)		Weighted Average Remaining Contractual Life (yrs)		Weighted Average Exercise Price ($)		Number Exercisable (#)		Weighted Average Exercise Price ($)
$ 0.00 – 13.88		181,413		2.39	$	9.03		181,413	$	9.03
13.90 – 26.81		294,461		0.38		18.81		294,461		18.81

		475,874		1.15	$	15.08		475,874	$	15.08

Intrinsic value at July 31, 2014	$	171,042					$	171,042

For the fiscal years ended July 31, 2014, 2013, and 2012 the status of the Company’s outstanding RSUs is as follows:


	2014					2013					2012
	Number of Shares			Weighted Average Grant-Date Fair Value		Number of Shares			Weighted Average Grant-Date Fair Value		Number of Shares			Weighted Average Grant-Date Fair Value
RSUs outstanding, beginning of year		1,968,690		$	5.98		1,848,598		$	5.81		1,678,108		$	5.64
Granted		1,109,100			7.31		895,900			5.82		939,600			6.04
Vested		(786,360	)		5.94		(754,556	)		5.39		(702,277	)		5.74
Forfeited		(136,792	)		5.98		(21,252	)		5.54		(66,833	)		5.45

RSUs outstanding, end of year		2,154,638		$	6.68		1,968,690		$	5.98		1,848,598		$	5.81