Common Stock Repurchases	9 Months Ended
Apr. 30, 2016
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, 2016, we repurchased and retired 60,463 and 148,443 shares of common stock under this repurchase program for $4.6 million and $11.8 million, at an average purchase price of $75.42 and $79.42 per share, respectively. The cumulative shares that were repurchased and retired under this program were 343,737 shares of common stock for $27.1 million at an average purchase price of $78.78 per share.

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, 2016, we repurchased and retired 60,463 and 148,443 shares of common stock under this repurchase program for $4.6 million and $11.8 million, at an average purchase price of $75.42 and $79.42 per share, respectively. The cumulative shares that were repurchased and retired under this program were 343,737 shares of common stock for $27.1 million at an average purchase price of $78.78 per share.