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Other (Expense) Income, Net
 12 Months Ended
Jul. 31, 2015
Other (Expense) Income, Net [Abstract]  
Other (Expense) Income, Net

Note 14—Other (Expense) Income, Net

 

Other (expense) income, net consists of the following:

          
Year ended July 31 
(in thousands)		 2015  2014  2013 
Foreign currency transaction (losses) gains $(1,704) $(5,883) $2,538 
Gain on investments  1,447   1,218   2,664 
Gain on modification and early termination of note payable  —   —   238 
Other  (431)  (35)  (57)
TOTAL $(688) $(4,700) $5,383 

 

On April 30, 2013, the Company and the holder of the note payable secured by the mortgage on the building located at 520 Broad Street, Newark, New Jersey (the “Lender”) entered into an agreement to settle all disputes between the Company and Lender. In connection with this agreement, on May 1, 2013, the Company paid the Lender $21.1 million and the Lender released the Company from the note and discharged the mortgage. In fiscal 2013, the Company recognized a gain of $0.2 million on the modification and early termination of the note payable.