COMPONENTS OF NET PERIODIC PENSION COST

9 Months Ended

Apr. 30, 2011

Components Of Net Periodic Pension Cost [Abstract]

COMPONENTS OF NET PERIODIC PENSION COST

NOTE 9 - COMPONENTS OF NET PERIODIC PENSION COST

 The Company provides substantially all domestic and foreign employees with retirement benefits. Net periodic pension benefit cost for the Company’s defined benefit pension plans includes the following components:

	Three Months Ended
	U.S. Plans						Foreign Plans						Total
	Apr. 30,			Apr. 30,			Apr. 30,			Apr. 30,			Apr. 30,			Apr. 30,
	2011			2010			2011			2010			2011			2010
Service cost	$	2,014		$	1,983		$	1,304		$	1,202		$	3,318		$	3,185
Interest cost		3,100			3,048			4,578			4,328			7,678			7,376
Expected return on plan assets		(2,202	)		(2,023	)		(3,554	)		(3,252	)		(5,756	)		(5,275	)
Amortization of prior service cost		615			446			71			64			686			510
Recognized actuarial loss		1,946			608			1,415			675			3,361			1,283
Gain due to curtailments and
settlements		–			–			(23	)		–			(23	)		–
Net periodic benefit cost	$	5,473		$	4,062		$	3,791		$	3,017		$	9,264		$	7,079
	Nine Months Ended
	U.S. Plans						Foreign Plans						Total
	Apr. 30,			Apr. 30,			Apr. 30,			Apr. 30,			Apr. 30,			Apr. 30,
	2011			2010			2011			2010			2011			2010
Service cost	$	6,044		$	5,949		$	3,912		$	3,682		$	9,956		$	9,631
Interest cost		9,164			9,144			13,735			13,517			22,899			22,661
Expected return on plan assets		(6,608	)		(6,069	)		(10,661	)		(10,148	)		(17,269	)		(16,217	)
Amortization of prior service cost		1,527			1,338			215			190			1,742			1,528
Recognized actuarial loss		3,880			1,824			4,245			2,111			8,125			3,935
Gain due to curtailments and
settlements		–			–			(71	)		–			(71	)		–
Net periodic benefit cost	$	14,007		$	12,186		$	11,375		$	9,352		$	25,382		$	21,538