DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jan. 31, 2012

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:

	Asset Derivatives			Liability Derivatives
January 31, 2012	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Not applicable (N/A)
Derivatives not designated as hedging instruments
Foreign exchange forward contracts	Other current assets	$	2,968	Other current liabilities	$	934
Total derivatives		$	2,968		$	934
Nonderivative instruments designated as hedging instruments
Net investment hedge				Long-term debt, net of current portion	$	117,891

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

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 months ended January 31, 2012 and January 31, 2011 are presented as follows:

		Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months Ended					Six Months Ended
	Location of Gain or (Loss) Recognized in Earnings on Derivatives	Jan 31, 2012		Jan 31, 2011			Jan 31, 2012		Jan 31, 2011
Derivatives not designated as hedging relationships
Foreign exchange forward contracts	Selling, general and administrative expenses	$	4,747	$	(2,015	)	$	6,162	$	(4,350	)

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, 2012 and January 31, 2011 are presented as follows:

	Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)				Location of Gain or (Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)(a)
	Three Months Ended					Three Months Ended
	Jan 31, 2012		Jan 31, 2011			Jan 31, 2012		Jan 31, 2011
Nonderivatives designated as hedging relationships
Net investment hedge	$	513	$	1,445	N/A	$	—	$	—

(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 months ended January 31, 2012 and January 31, 2011.

	Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)						Location of Gain or (Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Earnings (Effective Portion)(a)
	Six Months Ended							Six Months Ended
	Jan 31, 2012			Jan 31, 2011				Jan 31, 2012		Jan 31, 2011
Nonderivatives designated as hedging relationships
Net investment hedge	$	(1,336	)	$	(3,468	)	N/A	$	—	$	—

(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 six months ended January 31, 2012 and January 31, 2011.