Derivatives and Hedging Activities (Tables)

9 Months Ended

Apr. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments in Consolidated Balance Sheets

For the three and nine months ended April 30, 2015, the Company recognized losses of $667 and $1,287 respectively, in “Investment and other income” on the Condensed Consolidated Statements of Earnings related to non-designated hedges. For the three and nine months ended April 30, 2014, the Company recognized gains of $403 and gains of $2,268, respectively.

Fair values of derivative instruments in the condensed consolidated balance sheets were as follows:

	Asset Derivatives						Liability Derivatives
	April 30, 2015			July 31, 2014			April 30, 2015			July 31, 2014
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Cash flow hedges
Foreign exchange contracts	Prepaid expenses and other current assets	$	679	Prepaid expenses and other current assets	$	—	Other current liabilities	$	518	Other current liabilities	$	—
Net investment hedges
Foreign exchange contracts	Prepaid expenses and other current assets	—		Prepaid expenses and other current assets	—		Other current liabilities	15		Other current liabilities	14
Foreign currency denominated debt	Prepaid expenses and other current assets	—		Prepaid expenses and other current assets	—		Long term obligations, less current maturities	122,113		Long term obligations, less current maturities	100,410
Total derivatives designated as hedging instruments		$	679		$	—		$	122,646		$	100,424
Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid expenses and other current assets	$	296	Prepaid expenses and other current assets	$	166	Other current liabilities	$	209	Other current liabilities	$	375
Total derivatives not designated as hedging instruments		$	296		$	166		$	209		$	375