Stock-Based Compensation Level 2 (Policies)

3 Months Ended

Oct. 31, 2013

STOCK-BASED COMPENSATION [Abstract]

Stock-based Compensation Policy

We determine the fair value of stock options and restricted stock issued under our long term incentive plans as of the grant date. We recognized the related compensation expense over the period from the date of grant to the date when the award is no longer contingent on the employee providing additional service to the Company.