Common stock repurchases	12 Months Ended
Jul. 31, 2016
Common stock repurchases	17. Common stock repurchases On June 2, 2014, our board of directors authorized the repurchase of up to $30.0 million of our common stock. The repurchase program will be funded by our available cash. During fiscal year 2016, we repurchased and retired 171,899 shares of common stock under this repurchase program for $13.7 million at an average purchase price of $79.66 per share. During fiscal year 2015, we repurchased and retired 176,611 shares of common stock under this repurchase program for $13.9 million at an average purchase price of $78.51 per share. During the fiscal year 2014, we repurchased 18,683 shares of common stock under this repurchase program for $1.4 million at an average purchase price of $76.22 per share. The cumulative shares that were repurchased and retired under the program were 367,193 shares of common stock for $29 million at an average price of $78.96 per share. On May 26, 2016, our board of directors authorized the repurchase of up to $15.0 million of our common stock. No shares have been repurchased under this agreement.

17. Common stock repurchases

On June 2, 2014, our board of directors authorized the repurchase of up to $30.0 million of our common stock. The repurchase program will be funded by our available cash. During fiscal year 2016, we repurchased and retired 171,899 shares of common stock under this repurchase program for $13.7 million at an average purchase price of $79.66 per share. During fiscal year 2015, we repurchased and retired 176,611 shares of common stock under this repurchase program for $13.9 million at an average purchase price of $78.51 per share. During the fiscal year 2014, we repurchased 18,683 shares of common stock under this repurchase program for $1.4 million at an average purchase price of $76.22 per share. The cumulative shares that were repurchased and retired under the program were 367,193 shares of common stock for $29 million at an average price of $78.96 per share.

On May 26, 2016, our board of directors authorized the repurchase of up to $15.0 million of our common stock. No shares have been repurchased under this agreement.