Other Income, Net

3 Months Ended

Oct. 31, 2011

Other Income [Abstract]

Other Income, Net [Text Block]

Note 10—Other Income, Net

Other income, net consists of the following:

	Three Months Ended October 31,
	2011			2010
	(in thousands)
Gain on settlement of auction rate securities arbitration claim	$	—		$	5,379
Foreign currency transaction gains		426			236
(Loss) gain on investments		(242	)		338
Other		5			69
Total other income, net	$	189		$	6,022

The gain on settlement of auction rate securities arbitration claim related to auction rate securities that the Company held with an original cost of $14.3 million. In fiscal 2009 and fiscal 2008, the Company recorded an aggregate $13.9 million loss after determining that there were other than temporary declines in the value of these auction rate securities. In October 2010, the Company received cash of $5.7 million in exchange for these auction rate securities as a result of the settlement of its arbitration claim. In the three months ended October 31, 2010, the Company recognized a gain of $5.4 million from the settlement of the arbitration claim.