(11) OTHER GAINS (LOSSES), NET

The following table reflects the components of “Other gains, net”:


	Three Months Ended April 30,						Nine Months Ended April 30,
	2015			2014			2015			2014
	(In thousands)
Foreign currency exchange gain (losses)	$	(84	)	$	(537	)	$	2,346		$	(707	)
Gain on disposal of assets		15			—			44			467
Gain on Trading Securities		3,227			—			5,328			—
Other, net		365			30			(957	)		(76	)

	$	3,523		$	(507	)	$	6,761		$	(316	)

The Company recorded foreign exchange losses of approximately $0.1 million during the three months ended April 30, 2015, as compared to foreign exchange losses of approximately $0.5 million during the three months ended April 30, 2014. For the three months ended April 30, 2015, the net losses primarily related to realized and unrealized gains (losses) from foreign currency exposures and settled transactions of approximately $0.1 million, 0.5 million, ($0.4 million) and ($0.3 million) in the Americas, Asia, Europe and All Other, respectively. For the three months ended April 30, 2014, the net losses primarily related to realized and unrealized gains (losses) from foreign currency exposures and settled transactions of approximately $0.2 million, ($0.2 million) and ($0.5 million) in the Americas, Asia and Europe, respectively.

During the three months ended April 30, 2015, the Company recognized $3.2 million in net non-cash gains associated with its Trading Securities. In addition to this, during the three months ended April 30, 2015, the Company recognized $0.5 million in net gain associated with short-term foreign currency contracts.

The Company recorded foreign exchange gains of approximately $2.3 million during the nine months ended April 30, 2015, as compared to foreign exchange losses of approximately $0.7 million during the nine months ended April 30, 2014. For the nine months ended April 30, 2015, the net gains primarily related to realized and unrealized gains (losses) from foreign currency exposures and settled transactions of approximately $0.5 million, $0.4 million, $1.6 million and ($0.2 million) in the Americas, Asia, Europe and All Other, respectively. For the nine months ended April 30, 2014, the net losses primarily related to realized and unrealized gains (losses) from foreign currency exposures and settled transactions of approximately $0.1 million, ($0.5 million) and ($0.3 million) in the Americas, Asia and Europe, respectively.

During the nine months ended April 30, 2015, the Company recognized $5.3 million in net non-cash gains associated with its Trading Securities. In addition to this, during the nine months ended April 30, 2015, the Company recognized $0.6 million in net losses associated with short-term foreign currency contracts.