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Restructuring

9 Months Ended

Apr. 30, 2013

Restructuring and Related Activities [Abstract]

NOTE 12 - Restructuring

The Company relocated its corporate headquarters to Dallas, Texas in 2012. The Company recognized $0.3 million for three months ended April 30, 2013 and 2012, respectively, in general and administrative expense. Restructuring-related costs for the nine months ended April 30, 2013 are $0.9 million for severance and $0.7 million for the costs of relocating employees to Texas. Restructuring-related costs for the nine months ended April 30, 2012 are $1.4 million for severance and $2.1 million for the costs of relocating employees to Texas.

Balance at
July 31, 2012
(in 000's)

Expense
(in 000's)

Payments
(in 000's)

Balance at
April 30, 2013
(in 000's)

Severance

$1,800

$859

$554

$2,105

The Company decided to transition to a third party managed data center during the three months ended October 31, 2012. The Company reviewed the useful life of certain assets related to its data centers and determined they should be revised from an average of 60 months to an average of 45 months to reflect the shorter useful lives of these assets. This change in estimate is accounted for on a prospective basis, resulting in increased depreciation expense over the revised useful lives. This change will result in $6.6 million and $2.7 million in accelerated depreciation expense to be recorded in fiscal 2013 and fiscal 2014, respectively, of which $4.7 million was recognized in the nine months ended April 30, 2013.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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