Stockholders' Equity

3 Months Ended

Oct. 31, 2012

Stockholders' Equity Note [Abstract]

Stockholders' Equity

(19)    Stockholders’ Equity

Stock Repurchase Program

As of October 31, 2012, we were authorized by our Board of Directors to repurchase stock pursuant to a $250,000,000 stock repurchase program. On December 6, 2012, our Board of Directors authorized a new $50,000,000 stock repurchase program. There are no time restrictions on these authorizations and repurchases may be made in open-market or privately negotiated transactions and may be made pursuant to SEC Rule 10b5-1 trading plans. Including $11,268,000 that remains available pursuant to our $250,000,000 stock repurchase program, we are currently authorized to repurchase up to $61,268,000 of our common stock.

During the three months ended October 31, 2012, there were no repurchases of our common stock. During the three months ended October 31, 2011, we repurchased 2,717,393 shares in open-market transactions for an aggregate cost of $81,152,000 (including transaction costs), with an average price per share of $29.86. During the three months ended October 31, 2011, we paid $2,001,000 for repurchases of our common stock which was accrued as of July 31, 2011.

Dividends

In September 2011, our Board of Directors raised our annual targeted dividend from $1.00 per common share, to $1.10 per common share.

On September 26, 2012, our Board of Directors declared a quarterly dividend of $0.275 per common share, which was paid to shareholders on November 20, 2012.

On December 6, 2012, our Board of Directors declared a dividend of $0.275 per common share, payable on December 27, 2012, to shareholders of record at the close of business on December 17, 2012.