(8) OTHER GAINS (LOSSES), NET

The following table reflects the components of “Other gains (losses), net”:


	Three Months Ended January 31,						Six Months Ended January 31,
	2013			2012			2013			2012
	(in thousands)
Foreign currency exchange gain (losses)	$	(1,034	)	$	798		$	(2,060	)	$	1,995
Gain (loss) on disposal of assets		(58	)		80			(62	)		105
Other, net		114			(53	)		(177	)		(48	)

	$	(978	)	$	825		$	(2,299	)	$	2,052

The Company recorded foreign exchange losses of approximately $1.0 million during the three months ended January 31, 2013, as compared to foreign exchange gains of approximately $0.8 million during the three months ended January 31, 2012. For the three months ended January 31, 2013, the net losses primarily related to realized and unrealized losses from foreign currency exposures and settled transactions of approximately $1.0 million and $0.6 million in Europe and Asia, respectively, offset by realized and unrealized gains of approximately $0.6 million in the Americas. For the three months ended January 31, 2012, the net gains primarily related to realized and unrealized gains from foreign currency exposures and settled transactions of approximately $0.8 million and $0.4 million in Europe and Asia, respectively, offset by net losses of $0.4 million in the Americas.

The Company recorded foreign exchange losses of approximately $2.1 million during the six months ended January 31, 2013, as compared to foreign exchange gains of approximately $2.0 million during the six months ended January 31, 2012. For the six months ended January 31, 2013, these net losses primarily related to realized and unrealized losses from foreign currency exposures and settled transactions of approximately $2.3 million and $1.1 million in Europe and Asia, respectively, offset by realized and unrealized gains of approximately $1.3 million in the Americas. For the six months ended January 31, 2012, the net gains primarily related to realized and unrealized gains from foreign currency exposures and settled transactions of approximately $1.6 million and $0.7 million in Europe and Asia, respectively, offset by net losses of $0.3 million in the Americas.