Leases and other commitments

12 Months Ended

Jul. 31, 2012

13. Leases and other commitments:

Certain of the Company’s subsidiaries lease manufacturing and office space under non-cancelable operating leases. These leases contain renewal options. The Company leases certain other real property and equipment under operating leases which, in the aggregate, are not significant.

Rent expense associated with the Company’s operating leases was approximately $2,154, $2,623, and $2,560 in fiscal years 2012, 2011, and 2010, respectively.

The following is a schedule by year of future minimum lease payments at July 31, 2012:


	Operating Leases
Fiscal Year
2013	$	1,577
2014		1,309
2015		1,021
2016		843
2017		783
Thereafter		1,658

	$	7,191

At July 31, 2012, the Company had outstanding non-cancelable purchase orders aggregating to $62,517. The purchase orders are for manufacturing and non-manufacturing related goods and services.

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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