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Notes Payable | 3 Months Ended
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Oct. 31, 2014
Notes Payable [Abstract] |
Notes Payable | Notes Payable At July 31, 2014, the Company had an outstanding balance of $42,000 on its revolving loan agreement. During the three months ended October 31, 2014, the Company drew an additional $41,000 in order to fund general corporate needs. As of October 31, 2014, the outstanding balance on the credit facility was $83,000, which was also the maximum amount outstanding during the three months ended October 31, 2014. The Company also had letters of credit outstanding under the loan agreement of $3,500 as of October 31, 2014 and there was $213,500 available for future borrowing, which can be increased to $363,500 at the Company's option, subject to certain conditions. The Company intends to repay the remainder of the borrowing within 12 months of the quarter ended October 31, 2014. As such, the borrowing is classified as "Notes payable" within current liabilities on the condensed consolidated balance sheets. In February 2013, the Company entered into an unsecured $26,200 multi-currency line of credit in China, which was amended in November 2013 to $24,200 and is due on demand. The line of credit supports USD-denominated or CNY-denominated borrowing to fund working capital and operations for the Company's Chinese entities. The Company is not required to comply with any financial covenants as part of this agreement. During the three months ended October 31, 2014, the Company repaid $7,714 of this borrowing and the maximum amount outstanding was $19,422. As of October 31, 2014, the outstanding balance was $11,708 USD equivalent of CNY-denominated borrowings and there was $12,492 available for future borrowing under this credit facility. As of October 31, 2014, borrowings on the revolving loan agreement and China credit facility were as follows:
| October 31, 2014 |  | Interest Rate
USD-denominated borrowing on revolving loan agreement | $ | 83,000 |  |  | 1.2438 | %
CNY-denominated borrowing on China line of credit (USD equivalent) | $ | 11,708 |  |  | 5.0400 | %
Notes payable | $ | 94,708 |  |  | 1.7130 | %
As of July 31, 2014, borrowings on the revolving loan agreement and China line of credit were as follows:
| July 31, 2014 |  | Interest Rate
USD-denominated borrowing on revolving loan agreement | $ | 42,000 |  |  | 1.2472 | %
USD-denominated borrowing on China line of credit | 6,923 |  |  | 1.3548 | %
CNY-denominated borrowing on China line of credit (USD equivalent) | 12,499 |  |  | 5.0400 | %
Notes payable | $ | 61,422 |  |  | 2.0311 | %

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 + Details
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