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TREASURY STOCK
9 Months Ended
Apr. 30, 2013
Stockholders' Equity Note [Abstract]  
TREASURY STOCK
TREASURY STOCK
The following table highlights the share repurchase authorizations in effect during fiscal year 2013:
 
 
Date of Authorization
 
 
Oct 16, 2008
 
Sep 26, 2011
 
Jan 17, 2013
 
Total
Amount available for repurchases as of July 31, 2012
 
$
81,873

 
$
250,000

 
$

 
$
331,873

New authorizations
 

 

 
250,000

 
250,000

Utilized
 
(81,873
)
 
(168,127
)
 

 
(250,000
)
Amount available for repurchases as of April 30, 2013
 
$

 
$
81,873

 
$
250,000

 
$
331,873


The Company’s shares may be purchased over time, as market and business conditions warrant. There is no time restriction on these authorizations. Total repurchases during the nine months ended April 30, 2013 were 3,971 shares at an aggregate cost of $250,000, with an average price per share of $62.95. Repurchased shares are held in treasury for use in connection with the Company’s stock plans and for general corporate purposes.
During the nine months ended April 30, 2013, 1,214 shares were issued under the Company’s stock-based compensation plans. At April 30, 2013, the Company held 16,527 treasury shares.