COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Oct. 31, 2012

COMPREHENSIVE INCOME (LOSS)

(12) COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) combines net income (loss) and other comprehensive items. Other comprehensive items represent certain amounts that are reported as components of shareholder’s equity in the accompanying condensed consolidated balance sheets.

Accumulated other comprehensive items consist of the following:

	October 31, 2012			July 31, 2012
	(in thousands)
Cumulative foreign currency translation adjustment	$	15,961		$	12,702
Pension adjustments		(1,235	)		(1,235	)
Net unrealized holding losses on securities		(27	)		(26	)
Accumulated other comprehensive income	$	14,699		$	11,441