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Pension and Other Postretirement Benefits (Tables)
6 Months Ended
Jan. 31, 2013
PENSION AND OTHER POSTRETIREMENT BENEFITS [Abstract]  
Schedule of Net Benefit Costs
The components of net periodic pension and postretirement health benefit costs were as follows:
 
PENSION PLAN
(in thousands)
 
For the Three Months Ended January 31,
 
For the Six Months Ended January 31,
 
2013
 
2012
 
2013
 
2012
Service cost
$
417

 
$
303

 
$
876

 
$
662

Interest cost
384

 
405

 
772

 
808

Expected return on plan assets
(373
)
 
(369
)
 
(755
)
 
(740
)
Amortization of:
 
 
 
 
 
 
 
  Prior service costs
4

 
4

 
7

 
7

  Other actuarial loss
220

 
82

 
442

 
159

Net periodic benefit cost
$
652

 
$
425

 
$
1,342

 
$
896

 
 
 
 
 
 
 
 
 
POSTRETIREMENT HEALTH PLAN               (in thousands)
 
For the Three Months Ended January 31,
 
For the Six Months Ended January 31,
 
2013
 
2012
 
2013
 
2012
Service cost
$
34

 
$
26

 
$
68

 
$
52

Interest cost
24

 
26

 
48

 
52

Amortization of:
 
 
 
 
 
 
 
  Net transition obligation
4

 
4

 
8

 
8

  Other actuarial loss
13

 
7

 
26

 
15

Net periodic benefit cost
$
75

 
$
63

 
$
150

 
$
127

Schedule of Assumptions Used
Assumptions used in the previous calculations were as follows:
 
PENSION PLAN
 
POSTRETIREMENT
HEALTH BENEFITS
 
For the Three and Six Months Ended January 31,
 
2013
 
2012
 
2013
 
2012
Discount rate for net periodic benefit cost
3.75
%
 
5.25
%
 
3.75
%
 
5.25
%
Rate of increase in compensation levels
3.50
%
 
4.00
%
 

 

Long-term expected rate of return on assets
7.50
%
 
7.50
%