XML 39 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Contingent Liabilities and Commitments (Tables)
6 Months Ended
Jan. 31, 2013
Principal Commercial Commitments Under Repurchase Agreements And Guarantees

The Company’s principal commercial commitments under repurchase agreements and dealer inventory financing guarantees at January 31, 2013 are summarized in the following chart:

 

Commitment

   Total Amount
Committed
     Term of Commitments

Guarantee on dealer inventory financing

   $ 821       Various

Standby repurchase obligations on dealer inventory financing

   $ 1,109,305       Up to eighteen months
Losses Due To Repurchases Under Repurchase Agreements

The table below reflects losses incurred under repurchase agreements in the periods noted. The Company believes that any future losses under these agreements will not have a significant effect on the Company’s consolidated financial position, results of operations or cash flows.

 

     Three Months Ended
January  31,
     Six Months Ended
January 31,
 
     2013      2012      2013      2012  

Cost of units repurchased

       $   1,526            $   108            $     2,128            $     1,808    

Realization of units resold

     1,264          55          1,769          1,582    
  

 

 

    

 

 

    

 

 

    

 

 

 

Losses due to repurchase

       $ 262            $ 53            $ 359            $ 226