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RESTRUCTURING AND OTHER CHARGES, NET (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Restructuring and other gains charges [Line Items]    
Severance benefits and other employment contract obligations $ 3,279 $ 33,378
Loss/(gain) on sale of assets 43 (10,711)
Professional fees and other costs, net of receipt of insurance claim payments 1,142 363
Reversal of excess restructuring reserves (190) (46)
Restructuring And Other Gains Charges 4,274 22,984
Cash 4,231 20,816
Non-cash 43 2,168
Restructuring Charges [Member]
   
Restructuring and other gains charges [Line Items]    
Severance benefits and other employment contract obligations 3,279 [1] 25,408 [1]
Loss/(gain) on sale of assets 43 [1] (1,515) [1]
Professional fees and other costs, net of receipt of insurance claim payments 443 [1] 775 [1]
Reversal of excess restructuring reserves (190) [1] (46) [1]
Restructuring And Other Gains Charges 3,575 [1] 24,622 [1]
Cash 3,532 [1] 24,622 [1]
Non-cash 43 [1] 0 [1],[2]
Other (Gains)/Charges [Member]
   
Restructuring and other gains charges [Line Items]    
Severance benefits and other employment contract obligations 0 [3] 7,970 [3]
Loss/(gain) on sale of assets 0 [3] (9,196) [3]
Professional fees and other costs, net of receipt of insurance claim payments 699 [3] (412) [3]
Reversal of excess restructuring reserves 0 [3] 0 [3]
Restructuring And Other Gains Charges 699 [3] (1,638) [3]
Cash 699 [3] (3,806) [3]
Non-cash $ 0 [3] $ 2,168 [2],[3]
[1] Restructuring: Restructuring charges recorded in the three months ended October 31, 2012 reflect the expenses incurred in connection with the Company’s structural cost improvement initiatives impacting both segments as well as the Corporate Services Group.Restructuring charges recorded in the three months ended October 31, 2011 reflect the expenses incurred in connection with the Company’s cost reduction initiatives, primarily in the Industrial segment. Restructuring charges in the three months ended ended October 31, 2011 also includes a gain on the divestiture of a non-strategic asset group.
[2] Reflects non-cash stock based compensation expense.
[3] Other (Gains) / Charges:Severance benefits and other employment contract obligations:In the three months ended October 31, 2011, the Company recorded charges related to certain employment contract obligations.Gain on sale of assets:The three months ended October 31, 2011 includes a gain of $9,196 on the sale of the Company’s investment in Satair A/S.Professional fees and other:In the three months ended October 31, 2012 and October 31, 2011, the Company recorded legal and other professional fees related to the Federal Securities Class Actions, Shareholder Derivative Lawsuits and Other Proceedings (see Note 14, Contingencies and Commitments in the 2012 Form 10-K) which pertain to matters that had been under audit committee inquiry as discussed in Note 2, Audit Committee Inquiry and Restatement, to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2007 (“2007 Form 10-K”). The receipt of insurance claim payments offset the majority of the costs discussed above in the three months ended October 31, 2012 and more than offset such costs in the three months ended and October 31, 2011.The three months ended October 31, 2012 also includes a loss related to a fire at a manufacturing facility.