Retirement Plans (Tables)

12 Months Ended

Jul. 31, 2012

Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts Recognized in Accumulated Other Comprehensive Loss

	Year Ended July 31,
	2012			2011
Net actuarial loss	$	(1,632	)	$	(793	)
Net amount recognized	$	(1,632	)	$	(793	)

Net Periodic Benefit Cost

Net Periodic Benefit Cost

	Year Ended July 31,
	2012			2011			2010
Service cost	$	1,077		$	1,064		$	982
Interest cost		576			523			392
Expected return on plan assets		(651	)		(568	)		(429	)
Amortization of transition asset obligations		(26	)		(28	)		(25	)
Amortization of prior service costs		10			10			9
Amortization of net actuarial loss recognized		210			184			174
Total cost	$	1,196		$	1,185		$	1,103

Actuarial Assumptions

Actuarial assumptions for the Anrad Plan are described below. The discount rates at July 31 were used to measure the year-end benefit obligations and the earnings effects for the subsequent year. The discount rate is based on high quality corporate bond spot rates with cash flows that match the timing and amount of expected benefit payments.

	July 31,
	2012			2011			2010
Discount rate		4.20	%		4.90	%		5.50	%
Expected return on assets		6.00	%		6.25	%		6.25	%
Salary increase		3.50	%		3.75	%		4.00	%

Projected Benefit Obligation

Projected Benefit Obligation

	2012			2011
Balance at August 1	$	12,546		$	8,965
Current service cost		1,077			1,064
Foreign currency exchange (gain) loss		(535	)		692
Interest cost		575			523
Net actuarial loss		2,147			1,266
Plan participant contributions		241			192
Benefit payments		(508	)		(156	)
Balance at July 31	$	15,543		$	12,546

Fair Value of Plan Assets

Fair Value of Plan Assets

	2012			2011
Balance at August 1	$	10,536		$	7,965
Actual return on plan assets		11			754
Employer contributions		1,068			1,168
Plan participant contributions		241			192
Benefits paid		(508	)		(156	)
Foreign currency exchange (gain) loss		(493	)		613
Balance at July 31	$	10,855		$	10,536

Plan Assets Held in Trust

The Anrad Plan assets are held in trust, as follows:

	July 31, 2012						July 31, 2011
	Target allocation			Actual allocation			Actual allocation
Equity securities		65.0	%		65.6	%		63.0	%
Debt securities		35.0	%		34.4	%		37.0	%
Total		100.0	%		100.0	%		100.0	%

Fair Value of Anrad Pension Assets by Assets Catagory

The fair value of the Anrad pension assets by asset category at July 31, 2012 and 2011 were as follows:

	Fair Value Measurements at July 31, 2012
Assets	Quoted Prices in Active Markets for Indentical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Assets at Fair Value
Mutual funds (a)	$	—	$	—	$	10,855	$	10,855
Total	$	—	$	—	$	10,855	$	10,855
	Fair Value Measurements at July 31, 2011
Assets	Quoted Prices in Active Markets for Indentical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Assets at Fair Value
Mutual funds (a)	$	—	$	—	$	10,536		10,536
Total	$	—	$	—	$	10,536	$	10,536

(a) - This comprises units of segregated pooled funds with an insurance company. These funds have underlying values primarily derived from mutual funds that have debt and equity securities, which are traded on an active market based on the closing price of each trading day.

Fair Value Measurements using Significant Unobservable Inputs

	Fair Value Measurements Using Signficant Unobservable Inputs (Level 3)
	July 31, 2012			July 31, 2011
Balance at beginning of fiscal year	$	10,536		$	7,965
Actual return on plan assets
Relating to assets still held at end of fiscal year		112			812
Relating to assets sold during the period		—			—
Purchases, sales, and settlements		700			1,146
Transfers in and/or out of Level 3		—			—
Foreign currency exchange gain/(loss)		(493	)		613
Balance at end of fiscal year	$	10,855		$	10,536

Estimated Future Benefit Payments

Estimated future benefit payments under the Anrad Plan are as follows:

2013	2014	2015	2016	2017	2018-22
$ 302	$305	$324	$352	$362	$2,424

Amounts Recognized on Balance Sheet

The amounted recognized on Company’s balance sheet for the Anrad Plan were as follows:

	July 31,
	2012			2011
Noncurrent liabilities	$	(4,653	)	$	(2,010	)
Net balance sheet asset (liability)	$	(4,653	)	$	(2,010	)