OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Jul. 31, 2011

Other Comprehensive Income (Loss) (Tables) [Abstract]

Schedule of changes in the components of other comprehensive income (loss)

The Company has elected to report comprehensive income in the consolidated statements of stockholders’ equity. The changes in the components of other comprehensive income (loss) are as follows:

	Pretax						Net
	Amount			Tax Effect			Amount
2011
Foreign currency translation	$	101,553		$	8,676		$	110,229
Pension liability adjustment		14,560			(3,814	)		10,746
Unrealized investment gains (a)		6,368			(2,292	)		4,076
Other comprehensive income	$	122,481		$	2,570		$	125,051

2010
Foreign currency translation	$	(31,167	)	$	1,401		$	(29,766	)
Pension liability adjustment		(34,519	)		10,919			(23,600	)
Unrealized investment gains (a)		2,692			(691	)		2,001
Unrealized gains on derivatives		688			(244	)		444
Other comprehensive loss	$	(62,306	)	$	11,385		$	(50,921	)

2009
Foreign currency translation	$	(50,115	)	$	(2,299	)	$	(52,414	)
Pension liability adjustment		(69,293	)		21,638			(47,655	)
Unrealized investment gains (a)		958			122			1,080
Unrealized losses on derivatives		(256	)		89			(167	)
Other comprehensive loss	$	(118,706	)	$	19,550		$	(99,156	)

(a)

The unrealized gains (losses) on available-for-sale securities, net of related taxes, consisted of the following

Schedule of the unrealized gains (losses) on available-for-sale securities, net of related taxes

	2011		2010			2009
Net unrealized gains/(losses) arising during the period, net of tax
(expense)/benefit of $(2,292), $(691) and $122 in 2011, 2010 and
2009, respectively	$	4,076	$	4,880		$	(958	)
Realized gain included in net earnings for the period		–		(2,879	)		–
Adjustment for unrealized loss included in net earnings due to
impairment		–		–			2,038
Other comprehensive income	$	4,076	$	2,001		$	1,080

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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