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Common Stock Repurchases
9 Months Ended
Apr. 30, 2015
Common Stock Repurchases

9. Common Stock Repurchases

On June 2, 2014, our board of directors authorized the repurchase of up to $30.0 million of our common stock. Repurchases under this program will be funded by our available cash. The repurchase program does not have a fixed expiration date. During the three and nine months ended April 30, 2015, we repurchased and retired 37,840 and 132,323 shares of common stock under this repurchase program for $3.3 million and $10.2 million, at an average purchase price of $86.68 and $77.37 per share, respectively. Through April 30, 2015, in total we have repurchased and retired 151,006 shares of common stock under this repurchase program for $11.7 million at an average purchase price of $77.23 per share.