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Cash and Cash Equivalents
3 Months Ended
Oct. 31, 2012
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents
2.         Cash and Cash Equivalents

The Company's policy is to invest cash in excess of operating requirements in income-producing short-term investments. At October 31, 2012 and July 31, 2012, short-term investments consisting of money market funds are reflected in the accompanying consolidated balance sheets and statements of cash flows in cash and cash equivalents which amounted to approximately $2.4 million and $2.2 million, respectively.