OTHER CURRENT AND NON-CURRENT ASSETS (Tables)

12 Months Ended

Jul. 31, 2011

Other Current and Non Current Assets (Tables) [Abstract]

	2011		2010
Deferred income taxes	$	67,140	$	62,797
Income taxes receivable		6,237		10,262
Prepaid income taxes (a)		5,532		73,664
Prepaid expenses		39,322		31,288
Other receivables		41,600		44,640
	$	159,831	$	222,651

(a) See Note 11, Income Taxes, for further discussion.

Other non-current assets

	2011		2010
Deferred income taxes	$	97,767	$	98,282
Retirement benefit assets (b)		102,152		90,031
Investments (b)		11,779		4,667
Prepaid income taxes		10,828		–
Income taxes receivable		36,469		24,964
Other		17,273		19,425
	$	276,268	$	237,369

(b) Retirement benefit assets are held to satisfy obligations related to certain retirement benefit plans, which provide benefits to eligible employees in Germany and the U.S. Included therein are guaranteed investment contracts of $20,992 and $19,753 as of July 31, 2011 and July 31, 2010, respectively. The guaranteed investment contracts were established to pay for supplementary retirement benefits related to plans in Germany. The July 31, 2011 and July 31, 2010 consolidated balance sheets reflect related liabilities in the amounts of $55,859 and $52,063, respectively.

Summary of the Company's available-for-sale investments by category

Summary of the Company’s available-for-sale investments by category

					Gross		Gross			Net
	Cost/				Unrealized		Unrealized			Unrealized
	Amortized				Holding		Holding			Holding
	Cost Basis		Fair Value		Gains		Losses			Gains
2011
Equity securities	$	2,381	$	12,064	$	9,683	$	–		$	9,683
Debt securities:
Corporate		36,608		38,505		1,960		(63	)		1,897
U.S. Treasury		9,544		10,210		666		–			666
Other U.S.
government		27,749		29,089		1,340		–			1,340
Municipal government		1,000		1,002		2		–			2
CMO/mortgage-
backed		166		186		20		–			20
	$	77,448	$	91,056	$	13,671	$	(63	)	$	13,608

2010
Equity securities	$	2,375	$	5,224	$	2,849	$	–		$	2,849
Debt securities:
Corporate		25,769		27,676		1,912		(5	)		1,907
U.S. Treasury		17,905		19,209		1,304		–			1,304
Other U.S.
government		19,009		20,163		1,159		(5	)		1,154
Municipal government		1,000		1,001		1		–			1
CMO/mortgage-
backed		230		256		26		–			26
	$	66,288	$	73,529	$	7,251	$	(10	)	$	7,241

Gross unrealized losses and fair value of Company's available-for-sale investments with unrealized losses aggregated by investment category and length of time

Gross unrealized losses and fair value of Company’s available-for-sale investments with unrealized losses aggregated by investment category and length of time

	Less than 12 months				12 months or greater				Total
			Gross				Gross				Gross
			Unrealized				Unrealized				Unrealized
	Fair		Holding		Fair		Holding		Fair		Holding
	Value		Losses		Value		Losses		Value		Losses
2011
Debt securities:
Corporate	$	3,487	$	63	$	–	$	–	$	3,487	$	63
	$	3,487	$	63	$	–	$	–	$	3,487	$	63

	Less than 12 months				12 months or greater				Total
			Gross				Gross				Gross
			Unrealized				Unrealized				Unrealized
	Fair		Holding		Fair		Holding		Fair		Holding
	Value		Losses		Value		Losses		Value		Losses
2010
Debt securities:
Other U.S.
government	$	723	$	5	$	–	$	–	$	723	$	5
Corporate		634		5		–		–		634		5
	$	1,357	$	10	$	–	$	–	$	1,357	$	10

Proceeds and gross gains and losses from the sale of available-for-sale investments

	2011		2010		2009
Proceeds from sales	$	26,941	$	15,375	$	11,229
Realized gross gains on sales		949		1,175		497
Realized gross losses on sales		21		38		376