Commitments And Contingencies

12 Months Ended

Jul. 31, 2013

Commitments And Contingencies [Abstract]

Commitments And Contingencies

NOTE O  Commitments and Contingencies

Operating Leases The Company enters into operating leases primarily for office and warehouse facilities, production and non-production equipment, automobiles, and computer equipment.  Total expense recorded under operating leases for the periods ended July 31, 2013 and 2012 were $27.5 million and $26.8 million, respectively.  Future commitments under operating leases are: $11.4 million in Fiscal 2014, $8.0 million in Fiscal 2015, $4.3 million in Fiscal 2016, $1.9 million in Fiscal 2017, $1.0 million in Fiscal 2018, and $0.1 million thereafter.

Litigation The Company records provisions with respect to identified claims or lawsuits when it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated.  Claims and lawsuits are reviewed quarterly and provisions are taken or adjusted to reflect the status of a particular matter.  The Company believes the recorded reserves in its consolidated financial statements are adequate in light of the probable and estimable outcomes.  The recorded liabilities were not material to the Company’s financial position, results of operations, or liquidity and the Company does not believe that any of the currently identified claims or litigation will materially affect its financial position, results of operations, or liquidity.