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INVESTMENT SECURITIES
 3 Months Ended
Oct. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
INVESTMENT SECURITIES
INVESTMENT SECURITIES
The following is a summary of the Company’s available-for-sale investment securities by category which are classified within other non-current assets in the Company’s condensed consolidated balance sheets. Contractual maturity dates of debt securities held by the benefits protection trusts at October 31, 2014 range from 2014 to 2046.
October 31, 2014
 
Cost/Amortized
Cost Basis
 
Fair Value
 
Gross Unrealized
Holding Gains
 
Gross Unrealized
Holding Losses
 
Net Unrealized
Holding
Gains/(Losses)
Equity securities
 
$
3,769

 
$
3,942

 
$
173

 
$
—

 
$
173

Debt securities:
 
 
 
 
 
 
 
 
 
 
Corporate
 
28,569

 
29,611

 
1,066

 
(24
)
 
1,042

U.S. Treasury
 
9,476

 
9,689

 
220

 
(7
)
 
213

Federal agency
 
11,896

 
12,719

 
823

 
—

 
823

Mortgage-backed
 
11,770

 
11,886

 
127

 
(11
)
 
116

 
 
$
65,480

 
$
67,847

 
$
2,409

 
$
(42
)
 
$
2,367

 
 
 
 
 
 
 
 
 
 
 
July 31, 2014
 
Cost/Amortized
Cost Basis
 
Fair Value
 
Gross Unrealized
Holding Gains
 
Gross Unrealized
Holding Losses
 
Net Unrealized
Holding
Gains/(Losses)
Equity securities
 
$
4,160

 
$
4,748

 
$
588

 
$
—

 
$
588

Debt securities:
 
 
 
 
 
 
 
 
 
 
Corporate
 
28,987

 
30,243

 
1,259

 
(3
)
 
1,256

U.S. Treasury
 
9,478

 
9,724

 
246

 
—

 
246

Federal agency
 
12,778

 
13,719

 
941

 
—

 
941

Mortgage-backed
 
11,219

 
11,405

 
190

 
(4
)
 
186

 
 
$
66,622

 
$
69,839

 
$
3,224

 
$
(7
)
 
$
3,217


The following table shows the gross unrealized losses and fair value of the Company’s available-for-sale investments with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
October 31, 2014
 
Less than 12 months
 
12 months or greater
 
Total
 
 
Fair Value
 
Gross Unrealized
Holding Losses
 
Fair Value
 
Gross Unrealized Holding Losses
 
Fair Value
 
Gross Unrealized Holding Losses
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
Corporate
 
$
5,038

 
$
(24
)
 
$
—

 
$
—

 
$
5,038

 
$
(24
)
U.S. Treasury
 
3,026

 
(7
)
 
—

 
—

 
3,026

 
(7
)
Mortgage-backed
 
4,886

 
(11
)
 
—

 
—

 
4,886

 
(11
)
 
 
$
12,950

 
$
(42
)
 
$
—

 
$
—

 
$
12,950

 
$
(42
)
July 31, 2014
 
Less than 12 months
 
12 months or greater
 
Total
 
 
Fair Value
 
Gross Unrealized
Holding Losses
 
Fair Value
 
Gross Unrealized Holding Losses
 
Fair Value
 
Gross Unrealized Holding Losses
Debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
Corporate
 
$
3,384

 
$
(3
)
 
$
—

 
$
—

 
$
3,384

 
$
(3
)
Mortgage-backed
 
1,919

 
(4
)
 
—

 
—

 
1,919

 
(4
)
 
 
$
5,303

 
$
(7
)
 
$
—

 
$
—

 
$
5,303

 
$
(7
)

The following table shows the proceeds and gross gains and losses from the sale of available-for-sale and trading investments primarily related to the Company's benefits protection trust for the three months ended October 31, 2014 and October 31, 2013:
 
 
Three Months Ended
 
 
Oct 31, 2014
 
Oct 31, 2013
Proceeds from sales
 
$
16,056

 
$
500

Realized gross gains on sales
 
58

 
—

Realized gross losses on sales
 
5

 
1


The following is a summary of the Company’s trading securities by category which are classified within other non-current assets in the Company’s condensed consolidated balance sheets.
 
 
Oct 31, 2014
 
Jul 31, 2014
Equity securities
 
$
796

 
$
819

Total trading securities
 
$
796

 
$
819

The following table shows the net gains and losses recognized on trading securities for the three months ended October 31, 2014 and October 31, 2013:
 
 
Three Months Ended
 
 
Oct 31, 2014
 
Oct 31, 2013
Gains/(losses), net recognized for securities held
 
$
(28
)
 
$
16

Gains/(losses), net recognized for securities sold
 
1

 
—

Total gains/(losses), net recognized
 
$
(27
)
 
$
16