Stockholders' Equity (Tables)

12 Months Ended

Jul. 31, 2013

A summary of option activity under the 1999 Plan, the 2010 Equity and Incentive Plan and the 2006 Equity Incentive Plan is as follows:


	2013				2012				2011
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of year		732,725	$	28.89		1,433,225	$	30.90		1,381,725	$	30.20
Exercised		(498,412)		28.62		(80,500)		17.74		(78,500)		13.33
Forfeited		(120,000)		27.84		(600,000)		35.18		–		–
Expired		(8,000)		26.91		(20,000)		29.25		–		–
Granted		–		–		–		–		130,000		27.72

Outstanding at end of year		106,313	$	31.48		732,725	$	28.89		1,433,225	$	30.90

Vested and expected to vest at end of year		106,313	$	31.48		712,725	$	28.82		833,225	$	27.82

Exercisable at end of year		106,313	$	31.48		566,059	$	29.24		609,891	$	27.84

Schedule of Aggregate Intrinsic Value of Options

The aggregate intrinsic value of options outstanding and exercisable as of July 31, 2013, 2012 and 2011 is as follows:


	2013		2012		2011
Aggregate intrinsic value of options outstanding and expected to vest	$	2,399	$	966	$	647
Aggregate intrinsic value of options exercisable	$	2,399	$	738	$	647

Schedule of Assumptions Used in Determining Fair Value of Options

The assumptions used in determining the fair value of the options granted during fiscal 2011 are as follows:


Grant Date	July 19, 2011		March 14, 2011
Expected volatility		46%		46%
Expected life of grant		6 years		6 years
Risk-free interest rate		1.8%		2.3%
Expected dividend rate		1.8%		1.2%

Restricted Stock Awards

Summary of Stock Award Activity

There was no restricted stock activity under the 2010 Equity and Incentive Plan in fiscal 2011, and a summary of restricted stock award activity under this Plan for fiscal 2013 and fiscal 2012 is as follows:


	2013				2012
	Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value
Nonvested, beginning of year		10,041	$	29.46		–	$	–
Granted		9,498		32.36		10,041		29.46
Vested		(2,009)		29.46		–		–
Forfeited		–		–		–		–

Nonvested, end of year		17,530	$	31.03		10,041	$	29.46

Restricted Stock Units (RSUs)

Summary of Stock Award Activity

A summary of restricted stock unit activity during fiscal 2013 is included below:


	Restricted Stock Units		Weighted- Average Grant Date Fair Value
Nonvested, beginning of year		–	$	–
Granted		143,069		38.01
Vested		–		–
Forfeited		(3,794)		36.32

Nonvested, end of year		139,275	$	38.06