FINANCIAL INSTRUMENTS AND RISKS AND UNCERTAINTIES (Tables)

12 Months Ended

Jul. 31, 2011

Financial Instruments and Risks and Uncertainties (Tables) [Abstract]

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

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

	Asset Derivatives			Liability Derivatives
		Fair
July 31, 2011	Balance Sheet Location	Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Not applicable (“NA”)
Derivatives not designated as hedging instruments
Foreign exchange forward contracts	Other current assets	$	1,456	Other current liabilities	$	478
Total derivatives
Nonderivative instruments designated as hedging instruments
Net investment hedge				Long-term debt, net of current
				portion	$	115,803

	Asset Derivatives			Liability Derivatives
		Fair
July 31, 2010	Balance Sheet Location	Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Not applicable (“NA”)
Derivatives not designated as hedging instruments
Foreign exchange forward contracts	Other current assets	$	2,166	Other current liabilities	$	555
Total derivatives		$	2,166		$	555
Nonderivative instruments designated as hedging instruments
Net investment hedge				Long-term debt, net of current
				portion	$	104,166

Gains and losses related to the Company's derivative financial instruments designated as hedging instruments

Gains and losses related to the Company’s derivative financial instruments designated as hedging instruments

					Location of Loss
	Amount of Gain				Reclassified from	Amount of Loss Reclassified from
	Recognized in OCI on Derivatives				Accumulated OCI	Accumulated OCI into Earnings
	(Effective Portion)				into Earnings	(Effective Portion) (a)
	Jul. 31, 2011		Jul. 31, 2010		(Effective Portion)	Jul. 31, 2011		Jul. 31, 2010
Derivatives in cash
flow hedging
relationships
Interest rate swap
contract	$	–	$	444	Interest expense	$	–	$	(1,024	)

(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 twelve months ended July 31, 2011 and July 31, 2010.

Gains and losses related to the Company's derivative financial instruments not designated as hedging instruments

     The amounts of the gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments for the years ended July 31, 2011 and July 31, 2010 are presented as follows:

	Location of Loss Recognized in	Amount of Loss Recognized in Earnings on
	Earnings on Derivatives	Derivatives
		Jul. 31, 2011			Jul. 31, 2010
Derivatives not designated as
hedging relationships
Foreign exchange forward	Selling, general and administrative
contracts	expenses	$	(4,916	)	$	(2,154	)

Gains and losses related to the Company's nonderivative financial instruments designated as hedging instruments

Gains and losses related to the Company’s nonderivative financial instruments designated as hedging instruments

							Location of Gain
							or (Loss)
	Amount of Loss						Reclassified from
	Recognized in OCI on						Accumulated OCI	Amount of Gain or (Loss) Reclassified from
	Derivatives						into Earnings	Accumulated OCI into Earnings
	(Effective Portion)						(Effective Portion)	(Effective Portion) (b)
	Jul. 31, 2011			Jul. 31, 2010				Jul. 31, 2011		Jul. 31, 2010
Nonderivatives
designated as
hedging relationships
Net investment hedge	$	(7,448	)	$	(5,789	)	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 years ended July 31, 2011 and July 31, 2010.