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Leases	12 Months Ended
Jul. 31, 2012
Leases	12. LEASES The Company has operating leases principally for land, buildings and equipment. Future minimum rental payments required under these operating leases as of July 31, 2012 are $1,726 which includes the following amounts due in each of the next five fiscal years: $1,163 in fiscal 2013; $360 in fiscal 2014; $145 in fiscal 2015; $37 in fiscal 2016 and $21 in fiscal 2017. Rent expense was $1,874 in fiscal 2012, $2,201 in fiscal 2011 and $2,139 in fiscal 2010.

Leases

12 Months Ended

Jul. 31, 2012

12. LEASES

The Company has operating leases principally for land, buildings and equipment. Future minimum rental payments required under these operating leases as of July 31, 2012 are $1,726 which includes the following amounts due in each of the next five fiscal years: $1,163 in fiscal 2013; $360 in fiscal 2014; $145 in fiscal 2015; $37 in fiscal 2016 and $21 in fiscal 2017. Rent expense was $1,874 in fiscal 2012, $2,201 in fiscal 2011 and $2,139 in fiscal 2010.

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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