DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Oct. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The key components of discontinued operations for the three months ended October 31, 2012 were as follows:



	Three Months Ended
	Oct 31, 2012
Net sales	$	3,027

Earnings from discontinued operations before income taxes	$	399,984
Provision for income taxes	149,677
Earnings from discontinued operations, net of income taxes	$	250,307

Included in earnings from discontinued operations before income taxes above are a gain on the sale of the Product Line of $400,283, respectively, for the three months ended October 31, 2012.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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