Other (Expense) Income, Net

12 Months Ended

Jul. 31, 2014

Other (Expense) Income, Net [Abstract]

Other (Expense) Income, Net

Note 11—Other (Expense) Income, Net

Other (expense) income, net consists of the following:

Year ended July 31 (in thousands)	2014			2013			2012
Foreign currency transaction (losses) gains	$	(5,883	)	$	2,538		$	(2,859	)
Gain on investments		1,218			2,664			1,172
Gain on modification and early termination of note payable		—			238			—
Gain on sales of buildings and other assets		—			11			197
Other		(35	)		(68	)		(277	)
TOTAL	$	(4,700	)	$	5,383		$	(1,767	)

On April 30, 2013, the Company and the holder of the note payable secured by the mortgage on the building located at 520 Broad Street, Newark, New Jersey (the “Lender”) entered into an agreement to settle all disputes between the Company and Lender. In connection with this agreement, on May 1, 2013, the Company paid the Lender $21.1 million and the Lender released the Company from the note and discharged the mortgage. In fiscal 2013, the Company recognized a gain of $0.2 million on the modification and early termination of the note payable.