CONTINGENT LIABILITIES AND COMMITMENTS (Tables)

12 Months Ended

Jul. 31, 2014

Losses Due to Repurchases under Repurchase Agreements

The table below reflects losses incurred under repurchase agreements for the past three fiscal years. The Company believes that any future losses under these agreements will not have a significant effect on the Company’s consolidated financial position, results of operations or cash flows.

	2014		2013		2012
Cost of units repurchased	$	1,386	$	6,926	$	2,881
Realization of units resold		1,098		6,020		2,521
Losses due to repurchase	$	288	$	906	$	360