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Derivatives And Hedging Activities (Tables)
12 Months Ended
Jul. 31, 2012
Derivatives and Hedging Activities [Abstract]  
Fair values of derivative instruments in Consolidated Balance Sheets
                                                 
   

Asset Derivatives

   

Liability Derivatives

 
   

July 31, 2012

   

July 31, 2011

   

July 31, 2012

   

July 31, 2011

 

Derivatives designated as

hedging instruments

 

Balance Sheet

Location

  Fair Value    

Balance Sheet

Location

  Fair Value    

Balance Sheet

Location

  Fair Value    

Balance Sheet

Location

  Fair Value  

Cash flow hedges

                                               

Foreign exchange contracts

  Prepaid expenses and other current assets   $ 1,156     Prepaid expenses and other current assets   $ 16     Other current liabilities   $ 210     Other current liabilities   $ 830  
       

 

 

       

 

 

       

 

 

       

 

 

 

Net investment hedges

                                               

Foreign exchange contracts

  Prepaid expenses and other current assets   $ —       Prepaid expenses and other current assets   $
 

  
 
  
  Other current liabilities   $ 71     Other current liabilities   $ 5,295  
       

 

 

       

 

 

       

 

 

       

 

 

 

Foreign currency denominated debt

  Prepaid expenses and other current assets   $ —       Prepaid expenses and other current assets   $
 

  
 
  
  Long term obligations, less current maturities   $ 99,081     Long term obligations, less current maturities   $ 107,985  
       

 

 

       

 

 

       

 

 

       

 

 

 

Total derivatives designated as hedging instruments

      $ 1,156         $ 16         $ 99,362         $ 114,110  
       

 

 

       

 

 

       

 

 

       

 

 

 

Derivatives not designated as hedging instruments

                                               

Foreign exchange contracts

  Prepaid expenses and other current assets   $ 78     Prepaid expenses and other current assets   $ 3     Other current liabilities   $ —       Other current liabilities   $ 2  
       

 

 

       

 

 

       

 

 

       

 

 

 

Total derivatives not designated as hedging instruments

      $ 78         $ 3         $ —           $ 2  
       

 

 

       

 

 

       

 

 

       

 

 

 
Gain (loss) on derivative instruments designated as cash flow hedges
                                                         

Derivatives in

  Amount of Gain or  (Loss)
Recognized in OCI on
Derivative
(Effective Portion)
   

Location of Gain or

(Loss) Reclassified

From Accumulated

  Amount of Gain
or (Loss)
Reclassified From
Accumulated OCI
Into Income
(Effective Portion)
   

Location of

Gain or (Loss)

Recognized in

Income on

Derivative

  Amount of Gain
or (Loss)
Recognized in
Income on Derivative
(Ineffective Portion)
 

Cash Flow Hedging

  Year Ended July 31,     OCI into Income   Year Ended July 31,     (Ineffective   Year Ended July 31,  

Relationships

  2012     2011     (Effective Portion)   2012     2011     Portion)   2012     2011  

Foreign exchange contracts

  $ 1,348     $ (1,535  

Cost of goods sold

  $ 494     $ (1,781  

Cost of goods sold

  $ —       $ —    
   

 

 

   

 

 

       

 

 

   

 

 

       

 

 

   

 

 

 

Total

  $ 1,348     $ (1,535       $ 494     $ (1,781       $ —       $ —    
   

 

 

   

 

 

       

 

 

   

 

 

       

 

 

   

 

 

 
Pre-tax effects of derivative instruments designated as net investment hedges
                                                         

Derivatives in

Net Investment

  Amount of Gain or  (Loss)
Recognized in OCI on
Derivative
(Effective Portion)
   

Location of Gain or

(Loss) Reclassified

From Accumulated

  Amount of Gain
or (Loss)
Reclassified From
Accumulated  OCI
Into Income
(Effective Portion)
   

Location of

Gain or (Loss)

Recognized in

Income on

Derivative

  Amount of Gain
or (Loss)
Recognized in
Income on Derivative
(Ineffective Portion)
 

Hedging

  Year Ended July 31,     OCI into Income   Year Ended July 31,     (Ineffective   Year Ended July 31,  

Relationships

  2012     2011     (Effective Portion)   2012     2011     Portion)   2012     2011  

Foreign exchange contracts

  $ (1,041   $ (4,589  

Investment and other
income — net

  $ —       $ —      

Investment and other
income — net

  $ —       $ —    
   

 

 

   

 

 

       

 

 

   

 

 

       

 

 

   

 

 

 

Foreign currency intercompany debt

  $ 547     $ —      

Investment and other
income — net

  $ —       $ —      

Investment and other
income — net

  $ —       $ —    
   

 

 

               

 

 

   

 

 

       

 

 

   

 

 

 

Foreign currency denominated debt

  $ 15,705     $ (13,070  

Investment and other
income — net

  $ —       $ —      

Investment and other
income — net

  $ —       $ —    
   

 

 

   

 

 

       

 

 

   

 

 

       

 

 

   

 

 

 

Total

  $ 15,211     $ (17,659       $ —       $ —           $ —       $ —    
   

 

 

   

 

 

       

 

 

   

 

 

       

 

 

   

 

 

 
Schedule of derivative instruments gain loss in statement of income not designated as hedging instruments
                     

Derivatives Not

Designated as

  Location of Gain or
(Loss) Recognized
in Income on
  Amount of Gain  or
(Loss) Recognized in
Income on Derivative
 

Hedging Instruments

  Derivative   2012     2011  

Foreign exchange contracts

 

Other income (expense)

  $ 131     $ (945
       

 

 

   

 

 

 

Total

      $ 131     $ (945