INVESTMENT SECURITIES

6 Months Ended

Jan. 31, 2015

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 January 31, 2015 range from 2015 to 2046.

January 31, 2015	Cost/Amortized Cost Basis		Fair Value		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses			Net Unrealized Holding Gains/(Losses)
Equity securities	$	703	$	860	$	157	$	—		$	157
Debt securities:
Corporate	27,843		28,898		1,061		(6		)	1,055
U.S. Treasury	10,391		10,663		280		(8		)	272
Federal agency	11,716		12,591		875		—			875
Mortgage-backed	8,147		8,218		72		(1		)	71
	$	58,800	$	61,230	$	2,445	$	(15	)	$	2,430
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:

January 31, 2015	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	$	1,701	$	(6	)	$	—	$	—	$	1,701	$	(6	)
U.S. Treasury	906		(8		)	—		—		906		(8		)
Mortgage-backed	1,381		(1		)	—		—		1,381		(1		)
	$	3,988	$	(15	)	$	—	$	—	$	3,988	$	(15	)

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 and six months ended January 31, 2015 and January 31, 2014:

	Three Months Ended				Six Months Ended
	Jan 31, 2015		Jan 31, 2014		Jan 31, 2015		Jan 31, 2014
Proceeds from sales	$	17,693	$	2,558	$	33,749	$	3,058
Realized gross gains on sales	515		84		573		84
Realized gross losses on sales	7		99		12		100

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.

	Jan 31, 2015		Jul 31, 2014
Equity securities	$	817	$	819
Total trading securities	$	817	$	819

The following table shows the net gains and losses recognized on trading securities for the three and six months ended January 31, 2015 and January 31, 2014:

	Three Months Ended					Six Months Ended
	Jan 31, 2015			Jan 31, 2014		Jan 31, 2015			Jan 31, 2014
Gains/(losses), net recognized for securities held	$	(4	)	$	7	$	(32	)	$	23
Gains/(losses), net recognized for securities sold	—			—		1			—
Total gains/(losses), net recognized	$	(4	)	$	7	$	(31	)	$	23