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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Apr. 30, 2012
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities that are measured at fair value on a recurring basis
The following table presents, for each of these hierarchy levels, the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of April 30, 2012:
 
Fair Value Measurements
 
As of
 
 
 
 
 
 
 
Apr 30, 2012
 
Level 1
 
Level 2
 
Level 3
Financial assets carried at fair value
 
 
 
 
 
 
 
Money market funds
$
2,568

 
$
2,568

 
$

 
$

Available-for-sale securities:
 
 
 
 
 
 
 
Equity securities
1,017

 
1,017

 

 

Debt securities:
 
 
 
 
 
 
 
Corporate
35,641

 

 
35,641

 

U.S. Treasury
5,787

 

 
5,787

 

Federal agency
29,340

 

 
29,340

 

Mortgage-backed
6,363

 

 
6,363

 

Municipal government
1,004

 

 
1,004

 

Derivative financial instruments:
 
 
 
 
 
 
 
Foreign exchange forward contracts
2,679

 

 
2,679

 

Financial liabilities carried at fair value
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
Foreign exchange forward contracts
567

 

 
567

 


The following table presents, for each of these hierarchy levels, the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of July 31, 2011:
 
Fair Value Measurements
 
As of
 
 
 
 
 
 
 
Jul 31, 2011
 
Level 1
 
Level 2
 
Level 3
Financial assets carried at fair value
 
 
 
 
 
 
 
Money market funds
$
4,575

 
$
4,575

 
$

 
$

Available-for-sale securities:
 
 
 
 
 
 
 

Equity securities
12,064

 
12,064

 

 

Debt securities:
 
 
 
 
 
 
 
Corporate
32,020

 

 
32,020

 

U.S. Treasury
10,210

 

 
10,210

 

Federal agency
29,404

 

 
29,404

 

Mortgage-backed
6,356

 

 
6,356

 

Municipal government
1,002

 

 
1,002

 

Derivative financial instruments:
 
 
 
 
 
 
 
Foreign exchange forward contracts
1,456

 

 
1,456

 

Financial liabilities carried at fair value
 
 
 
 
 
 
 
Derivative financial instruments:
 
 
 
 
 
 
 
Foreign exchange forward contracts
478

 

 
478