Comprehensive income

9 Months Ended

Apr. 30, 2012

Comprehensive income

12. Comprehensive income:

Components of comprehensive income include net income and certain transactions that have generally been reported as a component of stockholders’ equity. The following table presents the calculation of total comprehensive income and its components:

	Three Months Ended April 30,						Nine Months Ended April 30,
	2012			2011			2012			2011
Net income	$	7,330		$	4,318		$	30,971		$	12,208
Other comprehensive income, net of taxes:
Pension adjustment, net of a tax provision of $24 for the three months ended April 30, 2011 and tax benefit of $12 for the nine months ended April 30, 2011.		(1	)		(24	)		(1	)		(89	)
Unrealized gains (losses) on foreign currency forward contracts, net of a tax provision of $23 for the three and nine months ended April 30, 2012		41			-			41			-
Foreign currency translation adjustment, net of a tax benefit of $289 for the three months ended April 30, 2011 and a tax benefit of $335 for the nine months ended April 30, 2011.		802			4,947			(4,274	)		9,277
Total comprehensive income	$	8,172		$	9,241		$	26,737		$	21,396

The components of accumulated other comprehensive income, net of taxes, at April 30, 2012 and July 31, 2011, were as follows:

	April 30, 2012			July 31, 2011
Pension adjustment		(3,080	)		(3,079	)
Unrealized gains (losses) on foreign currency forward contracts		41			-
Foreign currency translation adjustment		10,302			14,576
Total	$	7,263		$	11,497