RENTAL INCOME (Tables)

12 Months Ended

Jul. 31, 2013

RENTAL INCOME [Abstract]

Schedule of rental income

Rental income for each of the fiscal years 2013, 2012 and 2011 is as follows:

	July 31,
	2013		2012		2011
Minimum rentals
Company owned property	$	9,308,907	$	9,920,860	$	8,564,516
Leased property		5,845,114		5,900,541		5,483,174
		15,154,021		15,821,401		14,047,690
Contingent rentals
Company owned property		421,743		386,815		483,948
Leased property		316,059		321,847		324,727
		737,802		708,662		808,675
Total	$	15,891,823	$	16,530,063	$	14,856,365

Schedule of future minimum non-cancelable rental income

Future minimum non-cancelable rental income for leases with initial or remaining terms of one year or more is as follows:

	Company
	Owned		Leased
Fiscal Year	Property		Property		Total
2014	$	9,473,264	$	4,820,441	$	14,293,705
2015		8,745,347		4,180,252		12,925,599
2016		8,911,460		3,920,187		12,831,647
2017		5,984,190		3,474,157		9,458,347
2018		5,725,083		2,359,732		8,084,815
After 2018		14,467,616		12,034,142		26,501,758
Total	$	53,306,960	$	30,788,911	$	84,095,871