DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jan. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair values of the Company's derivative financial instruments included in the consolidated balance sheets

The fair values of the Company’s derivative financial instruments included in the condensed consolidated balance sheets are presented as follows:

January 31, 2015	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Foreign exchange forward contracts	Other current assets	$	5,729	Other current liabilities	$	—
Derivatives not designated as hedging instruments
Foreign exchange forward contracts	Other current assets	$	2,164	Other current liabilities	$	3,351
Total derivatives		$	7,893		$	3,351
Nonderivative instruments designated as hedging instruments
Net investment hedge				Current portion of Long-term debt	$	76,086

July 31, 2014	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Foreign exchange forward contracts	Other current assets	$	4,755	Other current liabilities	$	3
Derivatives not designated as hedging instruments
Foreign exchange forward contracts	Other current assets	$	1,176	Other current liabilities	$	1,723
Total derivatives		$	5,931		$	1,726
Nonderivative instruments designated as hedging instruments
Net investment hedge				Current portion of Long-term debt	$	87,570

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The amounts of the gains and losses related to the Company’s derivative financial instruments designated as hedging instruments for the three and six months ended January 31, 2015 and January 31, 2014 are presented as follows:

Derivatives in cash flow hedging relationships	Amount of Gain/(Loss) Recognized in OCI on Derivatives (Effective Portion)				Location of Gain/(Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)	Amount of Gain/(Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion) (a)
	Three Months Ended					Three Months Ended
	Jan 31, 2015		Jan 31, 2014			Jan 31, 2015		Jan 31, 2014
Foreign exchange forward contracts	$	3,806	$	3,489	Net sales	$	560	$	113
					Cost of sales	847		(46		)
Total derivatives	$	3,806	$	3,489		$	1,407	$	67
Derivatives in cash flow hedging relationships	Amount of Gain/(Loss) Recognized in OCI on Derivatives (Effective Portion)				Location of Gain/(Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)	Amount of Gain/(Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion) (a)
	Six Months Ended					Six Months Ended
	Jan 31, 2015		Jan 31, 2014			Jan 31, 2015		Jan 31, 2014
Foreign exchange forward contracts	$	4,397	$	5,310	Net sales	$	1,120	$	112
					Cost of sales	1,938		(866		)
Total derivatives	$	4,397	$	5,310		$	3,058	$	(754	)

(a) There were no gains or losses recognized in earnings related to the ineffective portion of the hedging relationship or related to the amount excluded from the assessment of hedge effectiveness for the three and six months ended January 31, 2015 and January 31, 2014.

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The amounts of the gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments for the three and six months ended January 31, 2015 and January 31, 2014 are presented as follows:

Derivatives not designated as hedging relationships	Location of Gain/(Loss) Recognized in Earnings on Derivatives	Amount of Gain/(Loss) Recognized in Earnings on Derivatives
		Three Months Ended						Six Months Ended
		Jan 31, 2015			Jan 31, 2014			Jan 31, 2015			Jan 31, 2014
Foreign exchange forward contracts	Selling, general and administrative expenses	$	(5,910	)	$	(2,793	)	$	(10,420	)	$	(2,343	)

Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)

The amounts of the gains and losses related to the Company’s nonderivative financial instruments designated as hedging instruments for the three and six months ended January 31, 2015 and January 31, 2014 are presented as follows:

Nonderivatives designated as hedging relationships	Amount of Gain/(Loss) Recognized in OCI on Derivatives (Effective Portion)				Location of Gain/(Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)	Amount of Gain/(Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion) (b)
	Three Months Ended					Three Months Ended
	Jan 31, 2015		Jan 31, 2014			Jan 31, 2015		Jan 31, 2014
Net investment hedge	$	6,336	$	3,735	N/A	$	—	$	—
Nonderivatives designated as hedging relationships	Amount of Gain/(Loss) Recognized in OCI on Derivatives (Effective Portion)				Location of Gain/(Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)	Amount of Gain/(Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)(b)
	Six Months Ended					Six Months Ended
	Jan 31, 2015		Jan 31, 2014			Jan 31, 2015		Jan 31, 2014
Net investment hedge	$	11,484	$	4,176	N/A	$	—	$	—

(b) There were no gains or losses recognized in earnings related to the ineffective portion of the hedging relationship or related to the amount excluded from the assessment of hedge effectiveness for the three and six months ended January 31, 2015 and January 31, 2014.