View Filing Data

$ 200,656

$ 205,908

181,973

180,437

18,683

25,471

Selling, general and administrative

25,024

22,198

285

332

1,479

755

Total operating expenses

26,788

23,285

(8,105)

2,186

Interest income

122

Other gains (losses), net

(99)

(90)

(1,319)

1,225

(310)

(427)

Income (loss) from continuing operations before income taxes

(1,650)

830

(9,755)

3,016

909

1,871

(10,664)

1,145

Basic and diluted earnings (loss) per share:

$ (10,660)

$ 1,145

$ (0.24)

$ 0.03

Shares used in computing basic earnings per share

$ (0.24)

$ 0.03

43,589

43,315

Shares used in computing diluted earnings per share

43,589

43,318

[1]	As Restated

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands

3 Months Ended

Oct. 31, 2012

Oct. 31, 2011

^[1]

Foreign currency translation adjustment

$ (10,660)

$ 1,145

Other comprehensive income (loss):

3,259

(2,927)

Net unrealized holding gain (loss) on securities

(1)

Total adjustments

3,258

(2,925)

Comprehensive loss

$ (7,402)

$ (1,780)

[1]	As Restated

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 17, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Cash flows from operating activities of continuing operations:

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands

3 Months Ended

Oct. 31, 2012

Oct. 31, 2011

$ (10,660)

$ 1,145

^[1]

^[1]

Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities of continuing operations:

(10,664)

1,145

^[1]

3,618

3,748

^[1]

285

332

^[1]

Non-operating (gains) losses, net

493

882

^[1]

1,319

(1,225)

^[1]

310

427

^[1]

Trade accounts receivable, net

(12,585)

(42,894)

^[1]

Prepaid expenses and other current assets

(3,300)

(18,689)

^[1]

(53)

315

^[1]

Accounts payable, accrued restructuring and accrued expenses

31,516

57,000

^[1]

Refundable and accrued income taxes, net

(4,867)

645

^[1]

Net cash provided by operating activities of continuing operations

2,708

3,548

^[1]

8,780

5,234

^[1]

Cash flows from investing activities of continuing operations:

Additions to property and equipment

(2,134)

(1,750)

^[1]

Change in restricted cash

(691)

Investments in affiliates

(586)

(1,052)

^[1]

Net cash used in investing activities of continuing operations

(3,411)

(2,802)

^[1]

Cash flows from financing activities of continuing operations:

Proceeds from issuance of common stock

(31)

(29)

^[1]

^[1]

Repurchase of common stock

(147)

(173)

^[1]

Net cash used in financing activities of continuing operations

(178)

(173)

^[1]

Cash flows from discontinued operations:

Operating cash flows

(312)

(386)

^[1]

Net cash used in discontinued operations

(312)

(386)

^[1]

Net effect of exchange rate changes on cash and cash equivalents

1,107

(1,572)

^[1]

Net increase in cash and cash equivalents

5,986

301

^[1]

Cash and cash equivalents at beginning of period

52,369

111,225

^[1]

Cash and cash equivalents at end of period

$ 58,355

$ 111,526

^[1]

[1]	As Restated

NATURE OF OPERATIONS

3 Months Ended

Oct. 31, 2012

NATURE OF OPERATIONS

(1) NATURE OF OPERATIONS

ModusLink Global Solutions, Inc. (together with its consolidated subsidiaries, “ModusLink Global Solutions” or the “Company”), through its wholly owned subsidiaries, ModusLink Corporation (“ModusLink”), ModusLink PTS, Inc. (“ModusLink PTS”) and Tech For Less LLC (“TFL”), is a leader in global supply chain business process management serving clients in markets such as consumer electronics, communications, computing, medical devices, software, luxury goods and retail. The Company designs and executes critical elements in its clients’ global supply chains to improve speed to market, product customization, flexibility, cost, quality and service. These benefits are delivered through a combination of industry expertise, innovative service solutions, integrated operations, proven business processes, expansive global footprint and world-class technology.

The Company had fiscal 2012 revenue of approximately $739.9 million. The Company has an integrated network of strategically located facilities in various countries, including numerous sites throughout North America, Europe and Asia. The Company previously operated under the names CMGI, Inc. and CMG Information Services, Inc. and was incorporated in Delaware in 1986.

BASIS OF PRESENTATION

3 Months Ended

Oct. 31, 2012

BASIS OF PRESENTATION

(2) BASIS OF PRESENTATION

The accompanying condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of a normal recurring nature) considered necessary for fair presentation have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and related notes for the year ended July 31, 2012, which are contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on January 11, 2013. The results for the three months ended October 31, 2012 are not necessarily indicative of the results to be expected for the full fiscal year.

All significant intercompany transactions and balances have been eliminated in consolidation.

The Company considers events or transactions that occur after the balance sheet date but before the issuance of financial statements to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. For the period ended October 31, 2012, the Company evaluated subsequent events for potential recognition and disclosure through the date these financial statements were filed.

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

3 Months Ended

Oct. 31, 2012

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

(3) RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

On February 15, 2012, the Division of Enforcement of the Securities and Exchange Commission (“SEC”) initiated with the Company an informal inquiry, and later a formal action, regarding the Company’s treatment of rebates associated with volume discounts provided by vendors (the “SEC Inquiry”).

On March 12, 2012, in its Form 10-Q for the quarterly period ended January 31, 2012, the Company announced the pendency of the SEC Inquiry.

In providing its supply chain services, the Company enters into contracts with its clients that employ various arrangements for pricing, including “fixed-price,” “cost-plus,” or “cost-pass-through” pricing models. Although the specifications and terms of the pricing model can frequently vary from client to client, and among the products or programs for a single client, under a “fixed-price” model, the Company and its client will typically negotiate a fixed unit price for the supply chain services to be provided, where the level of costs incurred by the Company does not affect the contractual, negotiated price. Under a “cost-plus” model, the client agrees to pay the costs incurred by the Company to purchase materials, together with an agreed-to percentage mark-up on those costs. Finally, with regard to a “cost-pass-through” model, materials and other costs incurred by the Company are passed through directly to the client, and the client agrees to pay a separate negotiated fee for specified services provided by the Company. Arrangements with clients can include the use of any one or more of these pricing models, depending on the client program involved and the location from which the Company services the client. In addition, continued price and cost discussions with clients through the course of the relationship can sometimes result in an accepted change in the pricing model applied. Consequently, the implication and interpretation of the cost and price terms applicable to any particular client relationship can vary across client programs and products, at different periods in time, and based on the locations from which a client may be serviced.

In the course of the Company’s contractual relationships, clients often demand lower costs over time, typically attributable to efficiency gains in service offerings. The Company accomplishes this in various ways, including for example, by shifting production to lower cost regions, redesigning clients’ packaging and supply chains, and strategically sourcing materials. As part of these services and in the normal course of its business, the Company purchases certain commodity types of materials, including, but not limited to, print, packaging, media and labels, to meet client requirements, often in quantities well in excess of those required by any one client. As a result, the Company receives improved pricing on materials. Frequently, the Company also received and retained rebates based on aggregate volumes of purchases or other criteria established by the vendor. The retention of rebates produced a positive impact on the Company’s revenue, and, therefore, also positively affected the Company’s profitability and operating income.

As previously reported in the Company’s Current Report on Form 8-K dated June 9, 2012, the Audit Committee, in consultation with management and the Board of Directors, concluded that the Company’s previously issued financial statements for the fiscal years ended July 31, 2009 through 2011 and the first two quarters of fiscal year 2012, and selected unaudited financial data for fiscal years 2007 and 2008, should no longer be relied upon. Accordingly, the Company’s consolidated financial statements for the fiscal years ended July 31, 2011, 2010 and 2009 have been restated.

Several principal adjustments were made to historic financial statements as a result of the restatement. Where the retention of a rebate or a mark-up was determined to have been inconsistent with a client contract (collectively referred to as “pricing adjustments”), the Company concluded that these amounts were not properly recorded as revenue. Accordingly, revenue was reduced by an equivalent amount for the period that the rebate was estimated to have affected. A corresponding liability for the same amount was recorded in that period (referred to as “accrued pricing liabilities”), which decreased working capital in the period. The Company believes that it may not ultimately be required to pay the accrued pricing liabilities, due in part to the nature of the interactions with its clients. When, and to the extent that, the Company is able to conclude that the accrued pricing liabilities have been extinguished for less than the amounts accrued, the Company will record the difference as other income. In the course of its business with certain clients, the Company has received releases of claims from such clients which have resulted in the Company concluding that the accrued pricing liabilities for those clients have been extinguished. For the three months ended October 31, 2012 and 2011, no accrued pricing liabilities were extinguished. The remaining accrued pricing liabilities at October 31, 2012 will be derecognized when there is sufficient information for the Company to conclude that such liabilities have been extinguished, which may occur through payment, legal release, or other legal or factual determination.

In addition to the errors described above, the restated financial statements also include other adjustments to correct certain immaterial errors for previously unrecorded adjustments identified in audits of prior years’ financial statements (the “other adjustments”). The previously unrecorded audit adjustments are being recorded as part of the restatement process although none of these adjustments is individually material.

In the tables below, the column labeled “Restatement Pricing Adjustments” sets forth the pricing adjustments and the column labeled “Restatement Other Adjustments” sets forth the other adjustments.

The restatement adjustments decreased revenues by $0.2 million, decreased net income by $24 thousand, and did not change basic and diluted earnings per share, which remained at $0.03 for the three months ended October 31, 2011.

The effects of the restatement adjustments on the Company’s unaudited condensed consolidated statements of operations for the three months ended October 31, 2011 are as follows:


	Three months ended
	October 31, 2011 (Unaudited)
	As			Restatement			Restatement
	Previously			Pricing			Other			As
	Reported			Adjustments			Adjustments			Restated
Net revenue	$	206,151			(417	)		174		$	205,908
Cost of revenue		180,658			—			(221	)		180,437

Gross profit		25,493			(417	)		395			25,471

Operating expenses:
Selling, general and administrative		22,198			—			—			22,198
Amortization of intangible assets		332			—			—			332
Impairment of goodwill and long-lived assets		—			—			—			—
Restructuring, net		755			—			—			755

Total operating expenses		23,285			—			—			23,285

Operating income (loss)		2,208			(417	)		395			2,186

Other income (expense):
Interest income		122			—			—			122
Interest expense		(88	)		—			(2	)		(90	)
Other gains		1,225			—			—			1,225
Equity in losses of affiliates and impairments		(427	)		—			—			(427	)

		832			—			(2	)		830

Income (loss) from continuing operations before income taxes		3,040			(417	)		393			3,016
Income tax expense		1,871			—			—			1,871

Income (loss) from continuing operations		1,169			(417	)		393			1,145
Discontinued operations, net of income taxes:
Income (loss) from discontinued operations		—			—			—			—

Net income (loss)	$	1,169		$	(417	)	$	393		$	1,145

Basic and diluted income (loss) per share:
Income (loss) from continuing operations	$	0.03		$	(0.01	)	$	0.01		$	0.03
Income (loss) from discontinued operations		—			—			—			—

Net income (loss)	$	0.03		$	(0.01	)	$	0.01		$	0.03
Shares used in computing basic loss per share:		43,315			—			—			43,315

Shares used in computing diluted loss per share:		43,318			—			—			43,318

The effects of the restatement adjustments on the Company’s unaudited condensed consolidated statement of cash flows for the three months ended October 31, 2011 are as follows:


	Three months ended
	October 31, 2011 (Unaudited)
	As			Restatement			Restatement
	Previously			Pricing			Other			As
	Reported			Adjustments			Adjustments			Restated
Cash flows from operating activities of continuing operations:
Net income	$	1,169		$	(417	)	$	393		$	1,145
Adjustments to reconcile net income to net cash provided by continuing operations:
Depreciation		3,735			—			13			3,748
Amortization of intangible assets		332			—			—			332
Share-based compensation		882			—			—			882
Non-operating gains, net		(1,225	)		—			—			(1,225	)
Equity in losses of affiliates and impairments		427			—			—			427
Changes in operating assets and liabilities:
Trade accounts receivable, net		(42,894	)		—			—			(42,894	)
Inventories		(18,470	)		—			(219	)		(18,689	)
Prepaid expenses and other current assets		315			—			—			315
Accounts payable, accrued restructuring and accrued expenses		57,000			—			—			57,000
Refundable and accrued income taxes, net		645			—			—			645
Other assets and liabilities		3,304			417			(173	)		3,548

Net cash provided by operating activities of continuing operations		5,220			—			14			5,234

Cash flows from investing activities of continuing operations:
Additions to property and equipment		(1,750	)		—			—			(1,750	)
Investments in affiliates		(1,052	)		—			—			(1,052	)

Net cash used in investing activities of continuing operations		(2,802	)		—			—			(2,802	)

Cash flows from financing activities of continuing operations:
Repayments on capital lease obligations		(15	)		—			(14	)		(29	)
Proceeds from issuance of common stock		29			—			—			29
Repurchase of common stock		(173	)		—			—			(173	)

Net cash used in financing activities of continuing operations		(159	)		—			(14	)		(173	)

Cash flows from discontinued operations:
Operating cash flows		(386	)		—			—			(386	)

Net cash used in discontinued operations		(386	)		—			—			(386	)

Net effect of exchange rate changes on cash and cash equivalents		(1,572	)		—			—			(1,572	)

Net increase in cash and cash equivalents		301			—			—			301
Cash and cash equivalents at beginning of year		111,225			—			—			111,225

Cash and cash equivalents at end of year	$	111,526		$	—		$	—		$	111,526

The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Oct. 31, 2012
RECENT ACCOUNTING PRONOUNCEMENTS	(4) RECENT ACCOUNTING PRONOUNCEMENTS There are no recent accounting pronouncements that have a significant impact on our results of operations, financial position or cash flows.

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=6958853&loc=d3e46468-122699

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

GOODWILL

3 Months Ended

Oct. 31, 2012

GOODWILL

(5) GOODWILL

The Company conducts its goodwill impairment test on July 31 of each fiscal year. In addition, if and when events or circumstances change that could reduce the fair value of any of its reporting units below its carrying value, an interim test would be performed. In making this assessment, the Company relies on a number of factors including operating results, business plans, economic projections, anticipated future cash flows, and transactions and marketplace data. The Company’s reporting units are the same as the operating segments: Americas, Asia, Europe, e-Business, ModusLink PTS and TFL.

The Company’s remaining goodwill of $3.1 million as of October 31, 2012 relates to the Company’s e-Business reporting unit. There were no indicators of impairment identified related to the Company’s e-Business reporting unit during the three months ended October 31, 2012.

The carrying amount of goodwill allocated to the Company’s reportable segments is as follows:


	Americas			Asia			Europe			TFL			All Other			Consolidated Total
	(in thousands)
Balance as of July 31, 2012
Goodwill	$	94,477		$	73,948		$	30,108		$	16,299		$	5,857		$	220,689
Accumulated impairment charges		(94,477	)		(73,948	)		(30,108	)		(16,299	)		(2,799	)		(217,631	)

	$	—		$	—		$	—		$	—		$	3,058		$	3,058

Balance as of October 31, 2012
Goodwill		94,477			73,948			30,108			16,299			5,857			220,689
Accumulated impairment charges		(94,477	)		(73,948	)		(30,108	)		(16,299	)		(2,799	)		(217,631	)

	$	—		$	—		$	—		$	—		$	3,058		$	3,058

SHARE-BASED PAYMENTS

3 Months Ended

Oct. 31, 2012

SHARE-BASED PAYMENTS

(6) SHARE-BASED PAYMENTS

The following table summarizes share-based compensation expense related to employee stock options, employee stock purchases and nonvested shares for the three months ended October 31, 2012 and 2011, which was allocated as follows:


	Three Months Ended October 31,
	2012		2011
Cost of revenue	$	50	$	96
Selling, general and administrative		443		786

	$	493	$	882

During the three months ended October 31, 2012, the Company did not grant any stock options or nonvested shares. As of October 31, 2012, unrecognized share-based compensation related to stock options was approximately $1.7 million. This expense is expected to be recognized over a weighted average period of 1.8 years. As of October 31, 2012, there was approximately $0.5 million of unrecognized share-based compensation related to nonvested stock to be recognized over a weighted average period of 1.3 years.

The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

OTHER GAINS (LOSSES), NET

OTHER GAINS (LOSSES), NET

3 Months Ended

Oct. 31, 2012

(7) OTHER GAINS (LOSSES), NET

The following table reflects the components of “Other gains (losses), net”:


	Three Months Ended October 31,
	2012			2011
Foreign currency exchange gain (losses)	$	(1,026	)	$	1,197
Gain (loss) on disposal of assets		(4	)		25
Other, net		(289	)		3

	$	(1,319	)	$	1,225

The Company recorded foreign exchange losses of approximately $1.0 million during the three months ended October 31, 2012. These net losses primarily related to realized and unrealized losses from foreign currency exposures and settled transactions of approximately $1.3 million and $0.5 million in Europe and Asia, respectively, offset by realized and unrealized gains of approximately $0.8 million in the Americas.

The Company recorded foreign exchange gains of approximately $1.2 million during the three months ended October 31, 2011. These net gains primarily related to realized and unrealized gains from foreign currency exposures and settled transactions of approximately $0.1 million, $0.3 million and $0.8 million in the Americas, Asia and Europe, respectively.

OTHER CURRENT LIABILITIES

3 Months Ended

Oct. 31, 2012

OTHER CURRENT LIABILITIES

(8) OTHER CURRENT LIABILITIES

The following table reflects the components of “Other Current Liabilities”:


	October 31, 2012		July 31, 2012
	(In thousands)
Accrued pricing liabilities	$	20,530	$	20,397
Other		6,012		6,381

	$	26,542	$	26,778

As of October 31, 2012 and July 31, 2012, the Company recorded accrued pricing liabilities of approximately $20.5 million and $20.4 million, respectively. These liabilities related to the equivalent reduction of revenue where the retention of a rebate or a mark-up was determined to have been inconsistent with a client contract. The remaining accrued pricing liabilities at October 31, 2012 will be derecognized when there is sufficient information for the Company to conclude that such liabilities have been extinguished, which may occur through payment, legal release, or other legal or factual determination.

RESTRUCTURING, NET

3 Months Ended

Oct. 31, 2012

RESTRUCTURING, NET

(9) RESTRUCTURING, NET

The following table summarizes the activity in the restructuring accrual for the three and nine months ended October 31, 2012:


	Employee Related Expenses			Contractual Obligations			Asset Impairments		Total
	(in thousands)
Accrued restructuring balance at July 31, 2012	$	626		$	1,098		$	—	$	1,724

Restructuring charges		1,492			—			—		1,492
Restructuring adjustments		32			(45	)		—		(13	)
Cash paid		(1,148	)		(309	)		—		(1,457	)
Non-cash adjustments		15			(10	)		—		5

Accrued restructuring balance at October 31, 2012	$	1,017		$	734		$	—	$	1,751

It is expected that the payments of employee-related charges will be substantially completed during the fiscal year ended July 31, 2013. The remaining contractual obligations primarily relate to facility lease obligations for vacant space resulting from the previous restructuring activities of the Company. The Company anticipates that contractual obligations will be substantially fulfilled by April 2013.

The net restructuring charges for the three months ended October 31, 2012 and 2011 would have been allocated as follows had the Company recorded the expense and adjustments within the functional department of the restructured activities:


	Three Months Ended October 31,
	2012		2011
Cost of revenue	$	769	$	427
Selling, general and administrative		710		328

	$	1,479	$	755

The $1.5 million restructuring charge recorded during the three months ended October 31, 2012 primarily consisted of approximately $0.3 million, $0.7 million, and $0.5 million of employee-related costs in Americas, Asia, and Europe, respectively, related to the workforce reduction of 62 employees in our global supply chain operations.

The $0.8 million restructuring charge recorded during the three months ended October 31, 2011 consisted of approximately $0.2 million related to the workforce reduction of 9 employees in Raleigh, North Carolina and $0.5 million for the workforce reduction of 144 employees in China. Also, approximately $0.1 million of the restructuring charge related to certain contractual obligations in connection with the restructuring of facilities in Raleigh, North Carolina.

The following table summarizes the restructuring accrual by reportable segment and the Corporate-level activity for the three months ended October 31, 2012:


	Americas			Asia			Europe			TFL			All Other			Corporate-level Activity		Consolidated Total
	(in thousands)
Accrued restructuring balance at July 31, 2012	$	1,086		$	—		$	51		$	244		$	343		$	—	$	1,724

Restructuring charges		306			664			486			9			27			—		1,492
Restructuring adjustments		20			—			(32	)		—			(1	)		—		(13	)
Cash paid		(400	)		(474	)		(343	)		(157	)		(83	)		—		(1,457	)
Non-cash adjustments		—			—			5			—			—			—		5

Accrued restructuring balance at October 31, 2012	$	1,012		$	190		$	167		$	96		$	286		$	—	$	1,751

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.

SEGMENT INFORMATION

3 Months Ended

Oct. 31, 2012

SEGMENT INFORMATION

(10) SEGMENT INFORMATION

The Company has six operating segments: Americas; Asia; Europe; e-Business; ModusLink PTS and TFL. Based on the information provided to the Company’s chief operating decision-maker (“CODM”) for purposes of making decisions about allocating resources and assessing performance and quantitative thresholds, the Company has determined that it has four reportable segments: Americas; Asia; Europe and TFL. The Company reports the ModusLink PTS operating segment in aggregation with the Americas operating segment as part of the Americas reportable segment. In addition to its four reportable segments, the Company reports an All other category. The All other category represents the e-Business operating segment. The Company also has Corporate-level activity, which consists primarily of costs associated with certain corporate administrative functions such as legal and finance, which are not allocated to the Company’s reportable segments and administration costs related to the Company’s venture capital activities. The Corporate-level activity balance sheet information includes cash and cash equivalents, available-for-sale securities, investments and other assets, which are not identifiable to the operations of the Company’s operating segments.

Management evaluates segment performance based on segment net revenue, operating income (loss) and “adjusted operating income”, which is defined as the operating income (loss) excluding net charges related to depreciation, long-lived asset impairment, restructuring, amortization of intangible assets and share-based compensation. These items are excluded because they may be considered to be of a non-operational or non-cash nature. Historically, the Company has recorded significant impairment and restructuring charges and therefore management uses adjusted operating income to assist in evaluating the performance of the Company’s core operations.

Summarized financial information of the Company’s continuing operations by operating segment is as follows:


	Three Months Ended October 31,
	2012			2011 (As Restated)
Net revenue:
Americas	$	63,909		$	69,511
Asia		56,375			60,739
Europe		68,930			57,605
TFL		3,605			8,079
All other		7,837			9,974

	$	200,656		$	205,908

Operating income (loss):
Americas	$	(2,036	)	$	(120	)
Asia		7,174			9,292
Europe		(3,829	)		(1,688	)
TFL		(832	)		(1,395	)
All other		405			856

Total Segment operating income		882			6,945
Corporate-level activity		(8,987	)		(4,759	)

Total operating income (loss)	$	(8,105	)	$	2,186

Adjusted operating income:
Americas	$	(604	)	$	1,326
Asia		9,026			10,965
Europe		(1,999	)		(296	)
TFL		(816	)		(1,315	)
All other		848			1,343

Total Segment Adjusted operating income		6,455			12,023
Corporate-level activity		(8,685	)		(4,120	)

Total Adjusted operating income (loss)	$	(2,230	)	$	7,903

Adjusted operating income (loss)	$	(2,230	)	$	7,903
Adjustments:
Depreciation		(3,618	)		(3,748	)
Amortization of intangible assets		(285	)		(332	)
Share-based compensation		(493	)		(882	)
Restructuring, net		(1,479	)		(755	)

Operating income (loss)	$	(8,105	)	$	2,186
Other income (expense), net		(1,650	)		830
Income tax expense		(909	)		(1,871	)
Income from discontinued operations		4			—

Net income (loss)	$	(10,660	)	$	1,145


	October 31, 2012		July 31, 2012
	(in thousands)
Total assets of continuing operations:
Americas	$	114,646	$	101,931
Asia		114,408		111,660
Europe		116,999		105,472
TFL		1,155		2,750
All other		24,782		20,758

Sub-total		371,990		342,571
Corporate-level activity		14,705		16,311

	$	386,695	$	358,882

As of October 31, 2012, approximately 60%, 17% and 23% of the Company’s long-lived assets were located in the Americas, Asia and Europe, respectively. As of July 31, 2012, approximately 63%, 18% and 19%, of the Company’s long-lived assets were located in the Americas, Asia and Europe, respectively. As of October 31, 2012, approximately, $9.1 million, $5.1 million, $3.3 million, $2.2 million, and $2.7 million of the Company’s long-lived assets were located in Singapore, Ireland, China, the Netherlands, and the Czech Republic, respectively. As of July 31, 2012, approximately, $9.2 million, $4.8 million, $3.3 million, $2.3 million and $3.4 million of the Company’s long-lived assets were located in Singapore, Ireland, China, the Netherlands, and the Czech Republic, respectively.

During the three months ended October 31, 2012, the Company generated revenue of approximately $38.4 million and $22.5 million in China and the Netherlands, respectively. During the three months ended October 31, 2011, the Company generated revenue of approximately $41.2 million and $32.4 million in China and the Netherlands, respectively.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

COMPREHENSIVE INCOME (LOSS)

EARNINGS PER SHARE

3 Months Ended

Oct. 31, 2012

EARNINGS PER SHARE

(11) EARNINGS PER SHARE

The Company calculates earnings per share in accordance with ASC Topic 260, “Earnings per Share” and ASC Topic 260-10, formerly FASB Staff Position EITF No. 03-6-1, “Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities.” Under ASC Topic 260-10, unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. All of the Company’s nonvested shares are considered participating securities because they contain non-forfeitable rights to dividends. However, holders of nonvested shares do not have an obligation to fund losses, and therefore, are only allocated a portion of the earnings for the earnings per share calculation when the Company reports net income.

Under the two-class method, net income is reduced by the amount of dividends declared in the period for each class of common stock and participating securities. The remaining undistributed earnings are then allocated to common stock and participating securities as if all of the net income for the period had been distributed. Basic earnings per share excludes dilution and is calculated by dividing net income allocable to common shares by the weighted average number of common shares outstanding for the period. Diluted earnings per share is calculated by dividing net income allocable to common shares by the weighted-average number of common shares for the period, as adjusted for the potential dilutive effect of non-participating share-based awards. The following table reconciles earnings per share for the three and nine months ended October 31, 2012 and 2011.


	Three Months Ended October 31,
	2012			2011 (As Restated)
BASIC
Income (loss) from continuing operations	$	(10,664	)	$	1,145
Income (loss) from discontinued operations		4			—

Net income (loss)	$	(10,660	)	$	1,145
Less net income allocable to participating restricted stock		—			(10	)

Net income (loss) available for basic common shares		(10,660	)		1,135

Weighted average common shares outstanding		43,589			43,315

Basic net income (loss) per common share from continuing operations	$	(0.24	)	$	0.03
Basic net income (loss) per common share from discontinued operations		—			—

Basic net income (loss) per common share		(0.24	)	$	0.03

DILUTED
Income (loss) from continuing operations	$	(10,664	)	$	1,145
Income (loss) from discontinued operations		4			—

Net income (loss)	$	(10,660	)	$	1,145
Less net income allocable to participating restricted stock		—			(10	)

Net income (loss) available for diluted common shares		(10,660	)		1,135

Weighted average common shares outstanding		43,589			43,315
Weighted average common equivalent shares arising from: dilutive stock options		—			3

Weighted average number of common and potential common shares		43,589			43,318

Diluted net income (loss) per common share from continuing operations	$	(0.24	)	$	0.03
Diluted net income (loss) per common share from discontinued operations		—			—

Diluted net income (loss) per common share	$	(0.24	)	$	0.03

For the three months ended October 31, 2012 and 2011, approximately 2.2 million and 2.4 million, respectively, common stock equivalent shares were excluded from the denominator in the calculation of diluted earnings per share as their inclusion would have been antidilutive.

COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Oct. 31, 2012

(12) COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) combines net income (loss) and other comprehensive items. Other comprehensive items represent certain amounts that are reported as components of shareholder’s equity in the accompanying condensed consolidated balance sheets.

Accumulated other comprehensive items consist of the following:


	October 31, 2012			July 31, 2012
	(in thousands)
Cumulative foreign currency translation adjustment	$	15,961		$	12,702
Pension adjustments		(1,235	)		(1,235	)
Net unrealized holding losses on securities		(27	)		(26	)

Accumulated other comprehensive income	$	14,699		$	11,441

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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INVENTORIES

3 Months Ended

Oct. 31, 2012

INVENTORIES

(13) INVENTORIES

Inventories are stated at the lower of cost or market. Cost is determined by both the moving average and the first-in, first-out methods. Materials that the Company typically procures on behalf of its clients that are included in inventory include materials such as compact discs, printed materials, manuals, labels, hardware accessories, hard disk drives, consumer packaging, shipping boxes and labels, power cords and cables for client-owned electronic devices.

Inventories consisted of the following:


	October 31, 2012		July 31, 2012
	(in thousands)
Raw materials	$	62,172	$	56,198
Work-in-process		1,601		2,154
Finished goods		26,020		25,638

	$	89,793	$	83,990

The Company values the inventory at the lower of cost or market. The Company continuously monitors inventory balances and records inventory provisions for any excess of the cost of the inventory over its estimated market value. The Company also monitors inventory balances for obsolescence and excess quantities as compared to projected demands. The Company’s inventory methodology is based on assumptions about average shelf life of inventory, forecasted volumes, forecasted selling prices, write-down history of inventory and market conditions. While such assumptions may change from period to period, in determining the net realizable value of its inventories, the Company uses the best information available as of the balance sheet date. If actual market conditions are less favorable than those projected, or the Company experiences a higher incidence of inventory obsolescence because of rapidly changing technology and customer requirements, additional inventory provisions may be required. Once established, write-downs of inventory are considered permanent adjustments to the cost basis of inventory and cannot be reversed due to subsequent increases in demand forecasts.

CONTINGENCIES

3 Months Ended

Oct. 31, 2012

CONTINGENCIES

(14) CONTINGENCIES

On February 15, 2012, the staff of the Division of Enforcement of the SEC initiated with the Company an informal inquiry, and later a formal action, regarding the Company’s treatment of rebates associated with volume discounts provided by vendors. To date, the SEC has not asserted any formal claims.

Following the June 11, 2012 announcement of the pending restatement (the “June 11, 2012 Announcement”), shareholders of the Company commenced three purported class actions in the United States District Court for the District of Massachusetts arising from the circumstances described in the June 11, 2012 Announcement (the “Securities Actions”), entitled, respectively:

•

Irene Collier, Individually And On Behalf Of All Others Similarly Situated, vs. ModusLink Global Solutions, Inc., Joseph C. Lawler and Steven G. Crane, Case 1:12-CV-11044-DJC, filed June 12, 2012 (the “Collier Action”);

•

Alexander Shnerer Individually And On Behalf Of All Others Similarly Situated, vs. ModusLink Global Solutions, Inc., Joseph C. Lawler and Steven G. Crane, Case 1:12-CV-11078-DJC, filed June 18, 2012 (the “Shnerer Action”); and

•

Harold Heszkel, Individually and on Behalf of All Others Similarly Situated v. ModusLink Global Solutions, Inc., Joseph C. Lawler, and Steven G. Crane, Case 1:12-CV-11279-DJC, filed July 11, 2012 (the “Heszkel Action”).

Each of the Securities Actions purports to be brought on behalf of those persons who purchased shares of the Company between September 26, 2007 through and including June 8, 2012 (the “Class Period”) and alleges that failure to timely disclose the issues raised in the June 11, 2012 Announcement during the Class Period rendered defendants’ public statements concerning the Company’s financial condition materially false and misleading in violation of Sections 10(b) and 20(a) of the Exchange Act, and Rule 10b-5 promulgated thereunder.

On July 13, 2012, a fourth shareholder commenced a purported derivative action in United States District Court for the District of Massachusetts against the Company (as nominal defendants), and certain of its current and former directors and officers, entitled, Samuel Montini, Derivatively On Behalf Of ModusLink Global Solutions, Inc. v. Joseph C. Lawler, Steven G. Crane, Francis J. Jules, Virginia G. Breen, Michael J. Mardy, Edward E. Lucente, Jeffrey J. Fenton, Joseph M. O’Donnell, William R. McLennan, Thomas H. Johnson, And Anthony J. Bay, Defendants, And ModusLink Global Solutions, Inc., A Delaware Corporation, Nominal Defendant, Case 1:12-CV-11296-DJC and on July 31, 2012, a fifth shareholder commenced a purported derivative action in United States District Court for the District of Massachusetts against the Company (as nominal defendants), and certain of its current and former directors and officers, entitled, Edward Tansey, Derivatively On Behalf Of ModusLink Global Solutions, Inc. v. Joseph C. Lawler, Steven G. Crane, Francis J. Jules, Virginia G. Breen, Michael J. Mardy, Edward E. Lucente, Jeffrey J. Fenton, Joseph M. O’Donnell, William R. McLennan, Thomas H. Johnson, And Anthony J. Bay, Defendants, And ModusLink Global Solutions, Inc., A Delaware Corporation, Nominal Defendant, Civil Action No. 12-CV-11399 (DJC) (collectively, the “Derivative Actions”). The Derivative Actions further assert that as a result of the individual defendants’ alleged actions and course of conduct, the Company is now the subject of the Securities Actions and will incur related expenses and a possible judgment against it. These litigation matters also arise from the issues raised in the June 11, 2012 Announcement and allege that the individual defendants breached their duty of loyalty to the Company by allowing defendants to cause, or by themselves causing, the Company to make improper statements regarding its business prospects and/or by failing to prevent the other Individual Defendants from taking such purportedly illegal actions.

Although there can be no assurance as to the ultimate outcome, the Company believes it has meritorious defenses, will deny liability, and intends to defend this litigation vigorously.

On October 10, 2012, a sixth shareholder, Donald Reith, served upon the Company’s Board of Directors a demand to institute litigation and take other purportedly necessary, but unidentified, remedial measures to redress and prevent a recurrence of purported breaches of fiduciary duties on the part of the Board and unspecified corporate officers allegedly arising from the same facts and circumstances asserted in the Derivative Actions.

The entire disclosure for commitments and contingencies.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

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 210.5-02.25)
-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 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

INCOME TAXES

3 Months Ended

Oct. 31, 2012

INCOME TAXES

(15) INCOME TAXES

For the three months ended October 31, 2012, the Company was profitable in certain jurisdictions where the Company operates, resulting in an income tax expense using enacted rates in those jurisdictions. The Company operates in multiple taxing jurisdictions, both within and outside of the United States. As of October 31, 2012 and July 31, 2012, the total amount of the liability for unrecognized tax benefits related to federal, state and foreign taxes was approximately $1.4 million and $1.3 million, respectively.

In accordance with the Company’s accounting policy, interest related to unrecognized tax benefits is included in the provision of income taxes line of the Consolidated Statement of Operations. As of October 31, 2012 and July 31, 2012, the Company had recorded liabilities for interest expense related to uncertain tax positions in the amount of $86 thousand and $78 thousand respectively. The Company did not accrue for penalties related to income tax positions as there were no income tax positions that required the Company to accrue penalties. The Company expects that approximately $0.6 million of unrecognized tax benefits will reverse in the next twelve months due to expiration of statute of limitations. The Company is subject to U.S. federal income tax and various state, local and international income taxes in numerous jurisdictions. The federal and state tax returns are generally subject to tax examinations for the tax years ended July 31, 2009 through July 31, 2012. To the extent the Company has tax attribute carryforwards, the tax year in which the attribute was generated may still be adjusted upon examination by the Internal Revenue Service or state tax authorities to the extent utilized in a future period. In addition, a number of tax years remain subject to examination by the appropriate government agencies for certain countries in the Europe and Asia regions. In Europe, the Company’s 2006 through 2012 tax years remain subject to examination in most locations, while the Company’s 2002 through 2012 tax years remain subject to examination in most Asia locations.

The Company has certain deferred tax benefits, including those generated by net operating losses and certain other tax attributes (collectively, the “Tax Benefits”). The Company’s ability to use these Tax Benefits could be substantially limited if it were to experience an “ownership change,” as defined under Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). In general, an ownership change would occur if there is a greater than 50-percentage point change in ownership of securities by stockholders owning (or deemed to own under Section 382 of the Code) five percent or more of a corporation’s securities over a rolling three-year period.

Accordingly, on October 17, 2011, the Company’s Board of Directors adopted a Tax Benefit Preservation Plan between the Company and American Stock Transfer & Trust Company, LLC, as rights agent (as amended from time to time, the “Tax Plan”). The Tax Plan reduces the likelihood that changes in the Company’s investor base have the unintended effect of limiting the Company’s use of its Tax Benefits. The Tax Plan is intended to require any person acquiring shares of the Company’s securities equal to or exceeding 4.99% of the Company’s outstanding shares to obtain the approval of the Board of Directors. This would protect the Tax Benefits because changes in ownership by a person owning less than 4.99% of the Company’s stock are not included in the calculation of “ownership change” for purposes of Section 382 of the Code.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

@VENTURES INVESTMENTS

3 Months Ended

Oct. 31, 2012

@VENTURES INVESTMENTS

(16) @VENTURES INVESTMENTS

The Company maintains interests in several privately held companies primarily through its interests in two venture capital funds which invest as “@Ventures.” The Company invests in early stage technology companies. These investments are generally made in connection with a round of financing with other third-party investors.

During the three months ended October 31, 2012 and 2011, approximately $0.6 million and $1.1 million, respectively was invested by @Ventures in privately held companies. At October 31, 2012 and July 31, 2012, the Company’s carrying value of investments in privately held companies was approximately $11.1 million and $10.8 million, respectively. No impairment charges were recorded during the three months ended October 31, 2012. During the three months ended October 31, 2011, the Company recorded $18 thousand of impairment charges related to certain investments in the @Ventures portfolio of companies. During the three months ended October 31, 2012 and October 31, 2011, @Ventures did not receive any distributions from its investments.

Investments in which the Company’s interest is less than 20% and which are not classified as available-for-sale securities are carried at the lower of cost or net realizable value unless it is determined that the Company exercises significant influence over the investee company, in which case the equity method of accounting is used. For those investments in which the Company’s voting interest is between 20% and 50%, the equity method of accounting is generally used. Under this method, the investment balance, originally recorded at cost, is adjusted to recognize the Company’s share of net earnings or losses of the investee company as they occur, limited to the extent of the Company’s investment in, advances to and commitments for the investee. These adjustments are reflected in “Equity in losses of affiliates and impairments” in the Company’s Consolidated Statement of Operations.

The Company assesses the need to record impairment losses on its investments and records such losses when the impairment of an investment is determined to be other than temporary in nature. The process of assessing whether a particular investment’s net realizable value is less than its carrying cost requires a significant amount of judgment. In making this judgment, the Company carefully considers the investee’s cash position, projected cash flows (both short and long-term), financing needs, recent financing rounds, most recent valuation data, the current investing environment, management/ownership changes and competition. The valuation process is based primarily on information that the Company requests from these privately held companies and is not subject to the same disclosure and audit requirements as the reports required of U.S. public companies. As such, the reliability and the accuracy of the data may vary.

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

Restatement of Condensed Consolidated Statements of Operations

SUBSEQUENT EVENTS

3 Months Ended

Oct. 31, 2012

SUBSEQUENT EVENTS

(17) SUBSEQUENT EVENTS

On June 13, 2012, the Company received notice from the NASDAQ Stock Market (“NASDAQ”) stating that the Company is not in compliance with Listing Rule 5250(c)(1) for continued listing due to the Company’s inability to file with the SEC the Company’s Quarterly Report on Form 10-Q for the quarter ended April 30, 2012 (the “Initial Delinquent Filing”) on a timely basis. The notification was issued in accordance with standard NASDAQ procedures and had no immediate effect on the listing or trading of the Company’s common stock on the NASDAQ Global Select Market. Pursuant to NASDAQ’s letter dated June 13, 2012, the receipt of which was disclosed in the Company’s Current Report on Form 8-K filed with the SEC on June 15, 2012, the Company had until August 13, 2012 to submit a plan to regain compliance with respect to the Initial Delinquent Filing. On August 13, 2012, the Company submitted its plan to regain compliance. On August 28, 2012, the Company was informed that NASDAQ had granted an exception to its rules to enable the Company to regain compliance by December 10, 2012. On October 16, 2012, the Company received another letter from NASDAQ, as a result of its inability to file with the SEC its Annual Report on Form 10-K for the year ended July 31, 2012 by its required filing deadline (the “Second Delinquent Filing”). In that letter, the receipt of which was disclosed in the Company’s Current Report on Form 8-K filed with the SEC on October 17, 2012, NASDAQ noted that the Second Delinquent Filing was an additional instance of non-compliance which could lead to delisting from NASDAQ. On December 11, 2012, the Company received a third letter from NASDAQ, as a result of its failure to regain compliance with the NASDAQ listing requirements by December 10, 2012. In that letter, the receipt of which was disclosed in the Company’s Current Report on Form 8-K filed with the SEC on December 13, 2012, NASDAQ noted that the failure to file the Initial Delinquent Filing and the Second Delinquent Filing by December 10, 2012 led NASDAQ to determine that the Company’s common stock would be delisted, subject to the Company’s right to appeal such determination. On December 17, 2012, the Company requested a hearing to appeal such determination, which resulted in an automatic stay of the delisting for 15 days. On December 18, 2012, the Company received another letter from NASDAQ, as a result of its inability to file with the SEC its Quarterly Report on Form 10-Q for the quarter ended October 31, 2012 by its required filing deadline (the “Third Delinquent Filing”). In that letter, the receipt of which was disclosed in the Company’s Current Report on Form 8-K filed with the SEC on December 21, 2012, NASDAQ noted that the Third Delinquent Filing was an additional instance of non-compliance which could lead to delisting from NASDAQ. By letter dated December 31, 2012, the NASDAQ Hearings Panel has granted the Company’s request to extend the automatic stay of suspension of trading of the Company’s common stock pending completion of the hearing process and a final determination regarding continued listing.

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

3 Months Ended

Oct. 31, 2012

The effects of the restatement adjustments on the Company’s unaudited condensed consolidated statements of operations for the three months ended October 31, 2011 are as follows:


	Three months ended
	October 31, 2011 (Unaudited)
	As			Restatement			Restatement
	Previously			Pricing			Other			As
	Reported			Adjustments			Adjustments			Restated
Net revenue	$	206,151			(417	)		174		$	205,908
Cost of revenue		180,658			—			(221	)		180,437

Gross profit		25,493			(417	)		395			25,471

Operating expenses:
Selling, general and administrative		22,198			—			—			22,198
Amortization of intangible assets		332			—			—			332
Impairment of goodwill and long-lived assets		—			—			—			—
Restructuring, net		755			—			—			755

Total operating expenses		23,285			—			—			23,285

Operating income (loss)		2,208			(417	)		395			2,186

Other income (expense):
Interest income		122			—			—			122
Interest expense		(88	)		—			(2	)		(90	)
Other gains		1,225			—			—			1,225
Equity in losses of affiliates and impairments		(427	)		—			—			(427	)

		832			—			(2	)		830

Income (loss) from continuing operations before income taxes		3,040			(417	)		393			3,016
Income tax expense		1,871			—			—			1,871

Income (loss) from continuing operations		1,169			(417	)		393			1,145
Discontinued operations, net of income taxes:
Income (loss) from discontinued operations		—			—			—			—

Net income (loss)	$	1,169		$	(417	)	$	393		$	1,145

Basic and diluted income (loss) per share:
Income (loss) from continuing operations	$	0.03		$	(0.01	)	$	0.01		$	0.03
Income (loss) from discontinued operations		—			—			—			—

Net income (loss)	$	0.03		$	(0.01	)	$	0.01		$	0.03
Shares used in computing basic loss per share:		43,315			—			—			43,315

Shares used in computing diluted loss per share:		43,318			—			—			43,318

Restatement of Condensed Consolidated Statement of Cash Flows

The effects of the restatement adjustments on the Company’s unaudited condensed consolidated statement of cash flows for the three months ended October 31, 2011 are as follows:


	Three months ended
	October 31, 2011 (Unaudited)
	As			Restatement			Restatement
	Previously			Pricing			Other			As
	Reported			Adjustments			Adjustments			Restated
Cash flows from operating activities of continuing operations:
Net income	$	1,169		$	(417	)	$	393		$	1,145
Adjustments to reconcile net income to net cash provided by continuing operations:
Depreciation		3,735			—			13			3,748
Amortization of intangible assets		332			—			—			332
Share-based compensation		882			—			—			882
Non-operating gains, net		(1,225	)		—			—			(1,225	)
Equity in losses of affiliates and impairments		427			—			—			427
Changes in operating assets and liabilities:
Trade accounts receivable, net		(42,894	)		—			—			(42,894	)
Inventories		(18,470	)		—			(219	)		(18,689	)
Prepaid expenses and other current assets		315			—			—			315
Accounts payable, accrued restructuring and accrued expenses		57,000			—			—			57,000
Refundable and accrued income taxes, net		645			—			—			645
Other assets and liabilities		3,304			417			(173	)		3,548

Net cash provided by operating activities of continuing operations		5,220			—			14			5,234

Cash flows from investing activities of continuing operations:
Additions to property and equipment		(1,750	)		—			—			(1,750	)
Investments in affiliates		(1,052	)		—			—			(1,052	)

Net cash used in investing activities of continuing operations		(2,802	)		—			—			(2,802	)

Cash flows from financing activities of continuing operations:
Repayments on capital lease obligations		(15	)		—			(14	)		(29	)
Proceeds from issuance of common stock		29			—			—			29
Repurchase of common stock		(173	)		—			—			(173	)

Net cash used in financing activities of continuing operations		(159	)		—			(14	)		(173	)

Cash flows from discontinued operations:
Operating cash flows		(386	)		—			—			(386	)

Net cash used in discontinued operations		(386	)		—			—			(386	)

Net effect of exchange rate changes on cash and cash equivalents		(1,572	)		—			—			(1,572	)

Net increase in cash and cash equivalents		301			—			—			301
Cash and cash equivalents at beginning of year		111,225			—			—			111,225

Cash and cash equivalents at end of year	$	111,526		$	—		$	—		$	111,526

GOODWILL (Tables)

3 Months Ended

Oct. 31, 2012

Carrying Amount of Goodwill Allocated to Reportable Segments

The carrying amount of goodwill allocated to the Company’s reportable segments is as follows:


	Americas			Asia			Europe			TFL			All Other			Consolidated Total
	(in thousands)
Balance as of July 31, 2012
Goodwill	$	94,477		$	73,948		$	30,108		$	16,299		$	5,857		$	220,689
Accumulated impairment charges		(94,477	)		(73,948	)		(30,108	)		(16,299	)		(2,799	)		(217,631	)

	$	—		$	—		$	—		$	—		$	3,058		$	3,058

Balance as of October 31, 2012
Goodwill		94,477			73,948			30,108			16,299			5,857			220,689
Accumulated impairment charges		(94,477	)		(73,948	)		(30,108	)		(16,299	)		(2,799	)		(217,631	)

	$	—		$	—		$	—		$	—		$	3,058		$	3,058

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Summary of Share-Based Compensation Expense Related to Employee Stock Options, Employee Stock Purchases and Nonvested Shares

SHARE-BASED PAYMENTS (Tables)

3 Months Ended

Oct. 31, 2012


	Three Months Ended October 31,
	2012		2011
Cost of revenue	$	50	$	96
Selling, general and administrative		443		786

	$	493	$	882

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

Other Gains (Losses), Net

OTHER GAINS (LOSSES), NET (Tables)

3 Months Ended

Oct. 31, 2012

The following table reflects the components of “Other gains (losses), net”:


	Three Months Ended October 31,
	2012			2011
Foreign currency exchange gain (losses)	$	(1,026	)	$	1,197
Gain (loss) on disposal of assets		(4	)		25
Other, net		(289	)		3

	$	(1,319	)	$	1,225

OTHER CURRENT LIABILITIES (Tables)

3 Months Ended

Oct. 31, 2012

Schedule of Other Current Liabilities

The following table reflects the components of “Other Current Liabilities”:


	October 31, 2012		July 31, 2012
	(In thousands)
Accrued pricing liabilities	$	20,530	$	20,397
Other		6,012		6,381

	$	26,542	$	26,778

RESTRUCTURING, NET (Tables)

3 Months Ended

Oct. 31, 2012

Activity in the Restructuring Accrual

The following table summarizes the activity in the restructuring accrual for the three and nine months ended October 31, 2012:


	Employee Related Expenses			Contractual Obligations			Asset Impairments		Total
	(in thousands)
Accrued restructuring balance at July 31, 2012	$	626		$	1,098		$	—	$	1,724

Restructuring charges		1,492			—			—		1,492
Restructuring adjustments		32			(45	)		—		(13	)
Cash paid		(1,148	)		(309	)		—		(1,457	)
Non-cash adjustments		15			(10	)		—		5

Accrued restructuring balance at October 31, 2012	$	1,017		$	734		$	—	$	1,751

Net Restructuring Charges


	Three Months Ended October 31,
	2012		2011
Cost of revenue	$	769	$	427
Selling, general and administrative		710		328

	$	1,479	$	755

Restructuring Accrual by Operating Segment

The following table summarizes the restructuring accrual by reportable segment and the Corporate-level activity for the three months ended October 31, 2012:


	Americas			Asia			Europe			TFL			All Other			Corporate-level Activity		Consolidated Total
	(in thousands)
Accrued restructuring balance at July 31, 2012	$	1,086		$	—		$	51		$	244		$	343		$	—	$	1,724

Restructuring charges		306			664			486			9			27			—		1,492
Restructuring adjustments		20			—			(32	)		—			(1	)		—		(13	)
Cash paid		(400	)		(474	)		(343	)		(157	)		(83	)		—		(1,457	)
Non-cash adjustments		—			—			5			—			—			—		5

Accrued restructuring balance at October 31, 2012	$	1,012		$	190		$	167		$	96		$	286		$	—	$	1,751

SEGMENT INFORMATION (Tables)

3 Months Ended

Oct. 31, 2012

Summarized Financial Information of Continuing Operations by Operating Segment and Corporate-Level Activity

Summarized financial information of the Company’s continuing operations by operating segment is as follows:


	Three Months Ended October 31,
	2012			2011 (As Restated)
Net revenue:
Americas	$	63,909		$	69,511
Asia		56,375			60,739
Europe		68,930			57,605
TFL		3,605			8,079
All other		7,837			9,974

	$	200,656		$	205,908

Operating income (loss):
Americas	$	(2,036	)	$	(120	)
Asia		7,174			9,292
Europe		(3,829	)		(1,688	)
TFL		(832	)		(1,395	)
All other		405			856

Total Segment operating income		882			6,945
Corporate-level activity		(8,987	)		(4,759	)

Total operating income (loss)	$	(8,105	)	$	2,186

Adjusted operating income:
Americas	$	(604	)	$	1,326
Asia		9,026			10,965
Europe		(1,999	)		(296	)
TFL		(816	)		(1,315	)
All other		848			1,343

Total Segment Adjusted operating income		6,455			12,023
Corporate-level activity		(8,685	)		(4,120	)

Total Adjusted operating income (loss)	$	(2,230	)	$	7,903

Adjusted operating income (loss)	$	(2,230	)	$	7,903
Adjustments:
Depreciation		(3,618	)		(3,748	)
Amortization of intangible assets		(285	)		(332	)
Share-based compensation		(493	)		(882	)
Restructuring, net		(1,479	)		(755	)

Operating income (loss)	$	(8,105	)	$	2,186
Other income (expense), net		(1,650	)		830
Income tax expense		(909	)		(1,871	)
Income from discontinued operations		4			—

Net income (loss)	$	(10,660	)	$	1,145

Total Assets of Continuing Operations

	October 31, 2012		July 31, 2012
	(in thousands)
Total assets of continuing operations:
Americas	$	114,646	$	101,931
Asia		114,408		111,660
Europe		116,999		105,472
TFL		1,155		2,750
All other		24,782		20,758

Sub-total		371,990		342,571
Corporate-level activity		14,705		16,311

	$	386,695	$	358,882

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

Summary of Earnings per Share

EARNINGS PER SHARE (Tables)

3 Months Ended

Oct. 31, 2012

The following table reconciles earnings per share for the three and nine months ended October 31, 2012 and 2011.


	Three Months Ended October 31,
	2012			2011 (As Restated)
BASIC
Income (loss) from continuing operations	$	(10,664	)	$	1,145
Income (loss) from discontinued operations		4			—

Net income (loss)	$	(10,660	)	$	1,145
Less net income allocable to participating restricted stock		—			(10	)

Net income (loss) available for basic common shares		(10,660	)		1,135

Weighted average common shares outstanding		43,589			43,315

Basic net income (loss) per common share from continuing operations	$	(0.24	)	$	0.03
Basic net income (loss) per common share from discontinued operations		—			—

Basic net income (loss) per common share		(0.24	)	$	0.03

DILUTED
Income (loss) from continuing operations	$	(10,664	)	$	1,145
Income (loss) from discontinued operations		4			—

Net income (loss)	$	(10,660	)	$	1,145
Less net income allocable to participating restricted stock		—			(10	)

Net income (loss) available for diluted common shares		(10,660	)		1,135

Weighted average common shares outstanding		43,589			43,315
Weighted average common equivalent shares arising from: dilutive stock options		—			3

Weighted average number of common and potential common shares		43,589			43,318

Diluted net income (loss) per common share from continuing operations	$	(0.24	)	$	0.03
Diluted net income (loss) per common share from discontinued operations		—			—

Diluted net income (loss) per common share	$	(0.24	)	$	0.03

COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Oct. 31, 2012

Components of Accumulated Other Comprehensive Income, Net of Income Taxes

Accumulated other comprehensive items consist of the following:


	October 31, 2012			July 31, 2012
	(in thousands)
Cumulative foreign currency translation adjustment	$	15,961		$	12,702
Pension adjustments		(1,235	)		(1,235	)
Net unrealized holding losses on securities		(27	)		(26	)

Accumulated other comprehensive income	$	14,699		$	11,441

INVENTORIES (Tables)

3 Months Ended

Oct. 31, 2012

Components of Inventories

Inventories consisted of the following:


	October 31, 2012		July 31, 2012
	(in thousands)
Raw materials	$	62,172	$	56,198
Work-in-process		1,601		2,154
Finished goods		26,020		25,638

	$	89,793	$	83,990

NATURE OF OPERATIONS - Additional Information (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Oct. 31, 2012

Oct. 31, 2011

Jul. 31, 2012

Nature Of Operations [Line Items]

Revenue

$ 200,656

$ 205,908

^[1]

$ 739,900

[1]	As Restated

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENT - Additional Information (Detail) - Restatement Pricing Adjustment [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Oct. 31, 2012	Oct. 31, 2011
Condensed Financial Statements, Captions [Line Items]
Decrease in revenues		$ 200
Change in net income		$ 24
Change in basic earnings per share resulted from restatement adjustments		$ 0
Change in diluted earnings per share resulted from restatement adjustments		$ 0
Derecognized accrued pricing liabilities resulted from restatement adjustments	$ 0	$ 0

Amount of the effect of a change in accounting principle on diluted earnings per share.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22580-107794

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22583-107794

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 37
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 154
-Paragraph 2, 17, 18
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Condensed Financial Statements, Captions [Line Items]

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Restatement of Consolidated Statements of Operations (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

12 Months Ended

Oct. 31, 2012

Oct. 31, 2011

Jul. 31, 2012

$ 200,656

$ 205,908

^[1]

$ 739,900

181,973

180,437

^[1]

18,683

25,471

^[1]

Selling, general and administrative

25,024

22,198

^[1]

285

332

^[1]

^[1]

1,479

755

^[1]

Total operating expenses

26,788

23,285

^[1]

(8,105)

2,186

^[1]

Interest income

122

^[1]

(99)

(90)

^[1]

Other gains

(1,319)

1,225

^[1]

(310)

(427)

^[1]

Income (loss) from continuing operations before income taxes

(1,650)

830

^[1]

(9,755)

3,016

^[1]

909

1,871

^[1]

(10,664)

1,145

^[1]

^[1]

$ (10,660)

$ 1,145

^[1]

$ (0.24)

$ 0.03

^[1]

^[1]

Shares used in computing basic loss per share

$ (0.24)

$ 0.03

^[1]

43,589

43,315

^[1]

Shares used in computing diluted loss per share

43,589

43,318

^[1]

As Previously Reported [Member]

Condensed Financial Statements, Captions [Line Items]

$ 206,151

180,658

25,493

Selling, general and administrative

22,198

332

755

Total operating expenses

23,285

2,208

Interest income

122

(88)

Other gains

1,225

(427)

Income (loss) from continuing operations before income taxes

832

3,040

1,871

1,169

$ 1,169

$ 0.03

Shares used in computing basic loss per share

$ 0.03

43,315

Shares used in computing diluted loss per share

43,318

Restatement Pricing Adjustment [Member]

Condensed Financial Statements, Captions [Line Items]

$ (417)

(417)

(417)

Income (loss) from continuing operations before income taxes

(417)

(417)

$ (417)

$ (0.01)

Restatement Other Adjustments [Member]

$ (0.01)

Condensed Financial Statements, Captions [Line Items]

$ 174

(221)

395

395

(2)

Income (loss) from continuing operations before income taxes

(2)

393

393

$ 393

$ 0.01

Cash flows from operating activities of continuing operations:

$ 0.01

[1]	As Restated

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Restatement of Consolidated Statements of Cash Flows (Detail) - USD ($)
$ in Thousands

3 Months Ended

Oct. 31, 2012

Oct. 31, 2011

Adjustments to reconcile net income to net cash provided by continuing operations:

$ (10,660)

$ 1,145

^[1]

3,618

3,748

^[1]

285

332

^[1]

493

882

^[1]

Non-operating gains, net

1,319

(1,225)

^[1]

310

427

^[1]

Trade accounts receivable, net

(12,585)

(42,894)

^[1]

Prepaid expenses and other current assets

(3,300)

(18,689)

^[1]

(53)

315

^[1]

Accounts payable, accrued restructuring and accrued expenses

31,516

57,000

^[1]

Refundable and accrued income taxes, net

(4,867)

645

^[1]

Net cash provided by operating activities of continuing operations

2,708

3,548

^[1]

8,780

5,234

^[1]

Cash flows from investing activities of continuing operations:

Additions to property and equipment

(2,134)

(1,750)

^[1]

Investments in affiliates

^[1]

(1,052)

Net cash used in investing activities of continuing operations

(3,411)

(2,802)

^[1]

Cash flows from financing activities of continuing operations:

Proceeds from issuance of common stock

(31)

(29)

^[1]

^[1]

Repurchase of common stock

(147)

(173)

^[1]

Net cash used in financing activities of continuing operations

(178)

(173)

^[1]

Cash flows from discontinued operations:

Operating cash flows

(312)

(386)

^[1]

Net cash used in discontinued operations

(312)

(386)

^[1]

Net effect of exchange rate changes on cash and cash equivalents

1,107

(1,572)

^[1]

Net increase in cash and cash equivalents

5,986

301

^[1]

Cash and cash equivalents at beginning of period

52,369

111,225

^[1]

Cash and cash equivalents at end of period

$ 58,355

111,526

^[1]

As Previously Reported [Member]

Cash flows from operating activities of continuing operations:

Adjustments to reconcile net income to net cash provided by continuing operations:

1,169

3,735

332

882

Non-operating gains, net

(1,225)

427

Trade accounts receivable, net

(42,894)

Prepaid expenses and other current assets

(18,470)

315

Accounts payable, accrued restructuring and accrued expenses

57,000

Refundable and accrued income taxes, net

645

Net cash provided by operating activities of continuing operations

3,304

5,220

Cash flows from investing activities of continuing operations:

Additions to property and equipment

(1,750)

Investments in affiliates

(1,052)

Net cash used in investing activities of continuing operations

(2,802)

Cash flows from financing activities of continuing operations:

Proceeds from issuance of common stock

(15)

Repurchase of common stock

(173)

Net cash used in financing activities of continuing operations

(159)

Cash flows from discontinued operations:

Operating cash flows

(386)

Net cash used in discontinued operations

(386)

Net effect of exchange rate changes on cash and cash equivalents

(1,572)

Net increase in cash and cash equivalents

301

Cash and cash equivalents at beginning of period

111,225

Cash and cash equivalents at end of period

111,526

Restatement Pricing Adjustment [Member]

Cash flows from operating activities of continuing operations:

(417)

Restatement Other Adjustments [Member]

417

Cash flows from operating activities of continuing operations:

Adjustments to reconcile net income to net cash provided by continuing operations:

393

(219)

Net cash provided by operating activities of continuing operations

(173)

Cash flows from financing activities of continuing operations:

Net cash used in financing activities of continuing operations

(14)

$ (14)

[1]	As Restated

GOODWILL - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 31, 2012	Jul. 31, 2012
Goodwill [Line Items]
Goodwill relates to the e-Business reporting unit	$ 3,058	$ 3,058
Business Reporting Unit [Member]
Goodwill [Line Items]
Goodwill relates to the e-Business reporting unit	$ 3,100

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

GOODWILL - Carrying Amount of Goodwill Allocated To Reportable Segments (Detail) - USD ($) $ in Thousands	Oct. 31, 2012	Jul. 31, 2012
Goodwill [Line Items]
Beginning balance	$ 220,689	$ 220,689
Accumulated impairment charges	(217,631)	(217,631)
Ending balance	3,058	3,058
Americas [Member]
Goodwill [Line Items]
Beginning balance	94,477	94,477
Accumulated impairment charges	(94,477)	(94,477)
Asia [Member]
Goodwill [Line Items]
Beginning balance	73,948	73,948
Accumulated impairment charges	(73,948)	(73,948)
Europe [Member]
Goodwill [Line Items]
Beginning balance	30,108	30,108
Accumulated impairment charges	(30,108)	(30,108)
TFL [Member]
Goodwill [Line Items]
Beginning balance	16,299	16,299
Accumulated impairment charges	(16,299)	(16,299)
All Other [Member]
Goodwill [Line Items]
Beginning balance	5,857	5,857
Accumulated impairment charges	(2,799)	(2,799)
Ending balance	$ 3,058	$ 3,058

SHARE-BASED PAYMENTS - Summary of Share-Based Compensation Expense Related to Employee Stock Options, Employee Stock Purchases and Nonvested Shares (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2012	Oct. 31, 2011
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based compensation expense	$ 493	$ 882
Cost of Sales [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based compensation expense	50	96
Selling, general and administrative [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based compensation expense	$ 443	$ 786

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

SHARE-BASED PAYMENTS - Additional Information (Detail) $ in Millions	3 Months Ended
	Oct. 31, 2012 USD ($) yr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation related to stock options	$ 1.7
Weighted average period of stock options \| yr	1.8
Unrecognized share-based compensation to nonvested stock	$ 0.5
Weighted average period of nonvested stock	1 year 2 months 18 days

OTHER GAINS (LOSSES), NET - Other Gains (Losses), Net (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2012	Oct. 31, 2011
Gain (Loss) on Investments [Line Items]
Foreign currency exchange gain (losses)	$ (1,026)	$ 1,197
Gain (loss) on disposal of assets	(4)	25
Other, net	(289)	3
Other Operating Income (Expense), Net, Total	$ (1,319)	$ 1,225

OTHER GAINS (LOSSES), NET - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Oct. 31, 2012	Oct. 31, 2011
Foreign exchange gains (losses)	$ 1.0	$ 1.2
Europe [Member] \| Gain Loss On Foreign Currency Transactions [Member]
Realized and unrealized gains and losses from foreign currency exposures and settled transactions	1.3	0.8
Asia [Member] \| Gain Loss On Foreign Currency Transactions [Member]
Realized and unrealized gains and losses from foreign currency exposures and settled transactions	0.5	0.3
Americas [Member] \| Gain Loss On Foreign Currency Transactions [Member]
Realized and unrealized gains and losses from foreign currency exposures and settled transactions	$ 0.8	$ 0.1

OTHER CURRENT LIABILITIES - Schedule of Other Current Liabilities (Detail) - USD ($) $ in Thousands	Oct. 31, 2012	Jul. 31, 2012
Accrued Pricing Liabilities	$ 20,530	$ 20,397
Other	6,012	6,381
Other current liabilities	$ 26,542	$ 26,778

Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed.

OTHER CURRENT LIABILITIES - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 31, 2012	Jul. 31, 2012
Accrued Pricing Liabilities	$ 20,530	$ 20,397

RESTRUCTURING, NET - Activity in the Restructuring Accrual (Detail) $ in Thousands	3 Months Ended
	Oct. 31, 2012 USD ($)
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	$ 1,724
Restructuring charges	1,492
Restructuring adjustments	(13)
Cash paid	(1,457)
Non-cash adjustments	5
Accrued restructuring, ending balance	1,751
Employee Related Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	626
Restructuring charges	1,492
Restructuring adjustments	32
Cash paid	(1,148)
Non-cash adjustments	15
Accrued restructuring, ending balance	1,017
Contractual Obligations [Member]
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	1,098
Restructuring adjustments	(45)
Cash paid	(309)
Non-cash adjustments	(10)
Accrued restructuring, ending balance	$ 734

Amount of any reversal and other adjustment made during the period to the amount of a previously accrued liability for a specified type of restructuring cost, excluding adjustments for costs incurred during the period, costs settled during the period, and foreign currency translation adjustments.

RESTRUCTURING, NET - Net Restructuring Charges (Detail) - USD ($)
$ in Thousands

3 Months Ended

Oct. 31, 2012

Oct. 31, 2011

$ 1,479

$ 755

^[1]

Cost of revenue [Member]

Selling, general and administrative [Member]

769

427

$ 710

$ 328

[1]	As Restated

RESTRUCTURING, NET - Additional Information (Detail)
$ in Thousands

3 Months Ended

Oct. 31, 2012

USD ($)

Employees

Oct. 31, 2011

USD ($)

Employees

Restructuring charge related to contractual obligations

$ 1,479

$ 755

^[1]

100

Reduction of Workforce [Member]

Number of workforce reduction | Employees

Americas [Member]

$ 300

Asia [Member]

700

Europe [Member]

Raleigh, North Carolina [Member]

$ 500

Restructuring charge related to workforce reduction

$ 200

Raleigh, North Carolina [Member] | Reduction of Workforce [Member]

Number of workforce reduction | Employees

China [Member]

Restructuring charge related to workforce reduction

$ 500

China [Member] | Reduction of Workforce [Member]

Number of workforce reduction | Employees

144

[1]	As Restated

RESTRUCTURING, NET - Restructuring Accrual By Operating Segment (Detail) - 3 months ended Oct. 31, 2012 ¥ in Thousands, $ in Thousands	USD ($)	JPY (¥)
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	$ 1,724
Restructuring charges	1,492
Restructuring adjustments	(13)
Cash paid	(1,457)
Non-cash adjustments	5
Accrued restructuring, ending balance	1,751
Americas [Member]
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	1,086
Restructuring charges	306
Restructuring adjustments	20
Cash paid	(400)
Accrued restructuring, ending balance	1,012
Asia [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	664
Cash paid	(474)
Accrued restructuring, ending balance	190
Europe [Member]
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	51
Restructuring charges	486
Restructuring adjustments	(32)
Cash paid	(343)
Non-cash adjustments	5
Accrued restructuring, ending balance	167
TFL [Member]
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	244
Restructuring charges	9
Cash paid	(157)
Accrued restructuring, ending balance	$ 96
All Other [Member]
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance \| ¥		¥ 343
Restructuring charges \| ¥		27
Restructuring adjustments \| ¥		(1)
Cash paid \| ¥		(83)
Accrued restructuring, ending balance \| ¥		¥ 286

SEGMENT INFORMATION - Additional Information (Detail) $ in Thousands	3 Months Ended
	Oct. 31, 2012 USD ($) Segment	Jul. 31, 2012 USD ($)	Oct. 31, 2011 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| Segment	6
Number of reportable segments \| Segment	4
Value of long-lived assets located	$ 371,990	$ 342,571
China [Member]
Segment Reporting Information [Line Items]
Value of long-lived assets located	3,300	3,300
Company generated revenue	38,400		$ 41,200
Netherlands [Member]
Segment Reporting Information [Line Items]
Value of long-lived assets located	2,200	$ 2,300
Company generated revenue	$ 22,500		$ 32,400
Americas [Member]
Segment Reporting Information [Line Items]
Percentage of long-lived assets located	60.00%	63.00%
Value of long-lived assets located	$ 114,646	$ 101,931
Asia [Member]
Segment Reporting Information [Line Items]
Percentage of long-lived assets located	17.00%	18.00%
Value of long-lived assets located	$ 114,408	$ 111,660
Europe [Member]
Segment Reporting Information [Line Items]
Percentage of long-lived assets located	23.00%	19.00%
Value of long-lived assets located	$ 116,999	$ 105,472
Singapore [Member]
Segment Reporting Information [Line Items]
Value of long-lived assets located	9,100	9,200
Ireland [Member]
Segment Reporting Information [Line Items]
Value of long-lived assets located	5,100	4,800
Czech Republic [Member]
Segment Reporting Information [Line Items]
Value of long-lived assets located	$ 2,700	$ 3,400

SEGMENT INFORMATION - Summarized Financial Information of Continuing Operations by Operating Segment and Corporate-Level Activity (Detail) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Oct. 31, 2012

Oct. 31, 2011

^[1]

Jul. 31, 2012

$ 200,656

$ 205,908

$ 739,900

882

6,945

(3,618)

(3,748)

(285)

(332)

(493)

(882)

(1,479)

(755)

Other income (expense), net

(8,105)

2,186

(1,650)

830

(909)

(1,871)

(10,660)

1,145

Adjusted [Member]

6,455

12,023

(2,230)

7,903

Americas [Member]

63,909

69,511

(300)

Americas [Member] | Adjusted [Member]

(2,036)

(120)

(604)

1,326

Asia [Member]

56,375

60,739

(700)

Asia [Member] | Adjusted [Member]

7,174

9,292

9,026

10,965

Europe [Member]

68,930

57,605

(500)

Europe [Member] | Adjusted [Member]

(3,829)

(1,688)

(1,999)

(296)

TFL [Member]

3,605

8,079

TFL [Member] | Adjusted [Member]

(832)

(1,395)

(816)

(1,315)

All Other [Member]

7,837

9,974

All Other [Member] | Adjusted [Member]

405

856

Corporate-Level Activity [Member]

848

1,343

Corporate-Level Activity [Member] | Adjusted [Member]

(8,987)

(4,759)

$ (8,685)

$ (4,120)

[1]	As Restated

SEGMENT INFORMATION - Total Asets of Continuing Operations (Detail) - USD ($) $ in Thousands	Oct. 31, 2012	Jul. 31, 2012
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets of continuing operations	$ 371,990	$ 342,571
Total assets	386,695	358,882
Corporate-Level Activity [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	14,705	16,311
Americas [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets of continuing operations	114,646	101,931
Asia [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets of continuing operations	114,408	111,660
Europe [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets of continuing operations	116,999	105,472
TFL [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets of continuing operations	1,155	2,750
All Other [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets of continuing operations	$ 24,782	$ 20,758

EARNINGS PER SHARE - Summary of Earnings per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

Oct. 31, 2012

Oct. 31, 2011

BASIC

$ (10,664)

$ 1,145

^[1]

^[1]

Less net income allocable to participating restricted stock

(10,660)

1,145

^[1]

^[1]

(10)

Net income (loss) available for basic common shares

$ (10,660)

$ 1,135

^[1]

Weighted average common shares outstanding

43,589

43,315

^[1]

Basic net income (loss) per common share from continuing operations

$ (0.24)

$ 0.03

^[1]

Basic net income (loss) per common share from discontinued operations

^[1]

Basic net income (loss) per common share

$ (0.24)

$ 0.03

^[1]

DILUTED

$ (10,664)

$ 1,145

^[1]

^[1]

Less net income allocable to participating restricted stock

(10,660)

1,145

^[1]

^[1]

(10)

Net income (loss) available for diluted common shares

$ (10,660)

$ 1,135

^[1]

Weighted average common shares outstanding

43,589

43,315

^[1]

Weighted average common equivalent shares arising from: dilutive stock options

^[1]

Weighted average number of common and potential common shares

43,589

43,318

^[1]

Diluted net income (loss) per common share from continuing operations

$ (0.24)

$ 0.03

^[1]

Diluted net income (loss) per common share from discontinued operations

^[1]

Diluted net income (loss) per common share

$ (0.24)

$ 0.03

^[1]

[1]	As Restated

EARNINGS PER SHARE - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Oct. 31, 2012	Oct. 31, 2011
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Common stock equivalent shares excluded from the denominator in the calculation of diluted earnings per share	$ 2.2	$ 2.4

COMPREHENSIVE INCOME (LOSS) - Components of Accumulated Other Comprehensive Income, Net of Income Taxes (Detail) - USD ($) $ in Thousands	Oct. 31, 2012	Jul. 31, 2012
Accumulated Other Comprehensive Income Loss [Line Items]
Cumulative foreign currency translation adjustment	$ 15,961	$ 12,702
Pension adjustments	(1,235)	(1,235)
Net unrealized holding losses on securities	(27)	(26)
Accumulated other comprehensive income	$ 14,699	$ 11,441

The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
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Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

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-Name Regulation S-X (SX)
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
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