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DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Jul. 31, 2015
Operating Results of Discontinued Operations

The following table summarizes the results of discontinued operations:

 

     2015     2014     2013  

Net sales

       $ –         $ 83,903         $ 448,385   
     

 

 

       

 

 

       

 

 

  

Operating income (loss) of discontinued operations

       $ (4,791 )       $ (5,735 )       $ 12,080   

Pre-tax gain on disposal of discontinued business

         –           7,079           –   

Impairment charges

         –           –           11,525   
     

 

 

       

 

 

       

 

 

  

Income (loss) before income taxes

         (4,791 )         1,344           555   

Income tax benefit

         2,167           2,142           631   
     

 

 

       

 

 

       

 

 

  

Income (loss) from discontinued operations, net of taxes

       $ (2,624 )       $ 3,486         $ 1,186