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STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION (Policies)
12 Months Ended
Jul. 31, 2019
Accounting Policies [Abstract]  
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]
STOCK-BASED COMPENSATION
 
We account for stock options and restricted stock issued under our long term incentive plans in accordance with ASC 718, Compensation – Stock Compensation. The fair value of stock-based compensation is determined at the grant date. The related compensation expense is recognized over the appropriate vesting period. See Note 7 of the Notes to the Consolidated Financial Statements for additional information.
The fair value of restricted stock was determined by the closing market price of our Common Stock on the date of grant multiplied by the number of shares granted.