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Stock Repurchase Plan
12 Months Ended
Jul. 31, 2011
Stock Repurchase Plan  
Stock Repurchase Plan
16. Stock Repurchase Plan

On March 9, 2006, the Company's Board of Directors approved the repurchase of up to 3,000,000 shares of common stock and on July 16, 2008 approved an increase of the Company's common stock repurchase authorization by an additional 3,000,000 shares. During the year ended July 31, 2011, the Company did not repurchased any shares of common stock. Since inception of this stock repurchase plan through July 31, 2011, the Company has repurchased 4,264,804 shares at a cost of approximately $162.8 million. As of July 31, 2011, 1,735,196 shares remained available to repurchase under the existing repurchase authorization. Shares of common stock purchased pursuant to the repurchase program will be held as treasury shares and may be used for the issuance of shares under the Company's employee share award plan.