Stockholders' Equity (Tables)

12 Months Ended

Jul. 31, 2012

A summary of option activity under the 1999 Plan, the 2010 Equity and Incentive Plan and the 2006 Equity Incentive Plan is as follows:


	2012				2011				2010
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of year		1,433,225	$	30.90		1,381,725	$	30.20		513,561	$	23.47
Exercised		(80,500)		17.74		(78,500)		13.33		(586)		26.91
Forfeited		(600,000)		35.18		–		–		–		–
Expired		(20,000)		29.25		–		–		(1,250)		27.40
Granted		–		–		130,000		27.72		870,000		34.17

Outstanding at end of year		732,725	$	28.89		1,433,225	$	30.90		1,381,725	$	30.20

Vested and expected to vest at end of year		712,725	$	28.82		833,225	$	27.82		1,381,725	$	30.20

Exercisable at end of year		566,059	$	29.24		609,891	$	27.84		445,057	$	22.99

Schedule of Aggregate Intrinsic Value of Options

The aggregate intrinsic value of options outstanding and exercisable as of July 31, 2012, 2011 and 2010 is as follows:


	2012		2011		2010
Aggregate intrinsic value of options outstanding and expected to vest	$	966	$	647	$	2,350
Aggregate intrinsic value of options exercisable	$	738	$	647	$	2,263

Schedule of Assumptions Used in Determining Fair Value of Options

method. There were no option grants during fiscal 2012. The assumptions used in determining the fair value of the options granted during fiscal 2011 and fiscal 2010 are as follows:


Grant Date	July 19, 2011		March 14, 2011		July 20, 2010		April 28, 2010
Expected volatility		46%		46%		45%		45%
Expected life of grant		6 years		6 years		6 years		6 years
Risk-free interest rate		1.8%		2.3%		2.2%		3.1%
Expected dividend rate		1.8%		1.2%		0.9%		0.9%

Summary of Stock Award Activity

There was no restricted stock activity under the 2010 Equity and Incentive Plan in fiscal 2011 or fiscal 2010, and a summary of restricted stock award activity under this Plan for fiscal 2012 is as follows:


	2012
	Shares		Weighted- Average Grant Date Fair Value
Nonvested, Beginning of year		–	$	–
Granted		10,041		29.46
Vested		–		–
Forfeited		–		–

Nonvested, End of year		10,041	$	29.46