|
Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified
|
Jan. 31, 2015
|
Jul. 31, 2014
|
| Current assets |
|
|
| Cash and cash equivalents |
$ 8,866 |
$ 15,443 |
| Accounts receivable, net of allowance for doubtful accounts of $646 and $722, respectively |
13,188 |
14,641 |
| Inventories |
16,537 |
15,134 |
| Prepaid expenses |
1,075 |
1,223 |
| Deferred income taxes |
2,233 |
2,042 |
| Total current assets |
41,899 |
48,483 |
| Property and equipment, net |
10,337 |
8,785 |
| Intangible and other assets |
|
|
| Goodwill |
17,429 |
12,738 |
| Other intangible assets, net |
19,574 |
11,911 |
| Deferred income taxes |
0 |
1,219 |
| Patents, net |
1,415 |
1,472 |
| Deferred financing costs, net |
122 |
0 |
| Cash value of life insurance |
107 |
107 |
| Total assets |
90,883 |
84,715 |
| Current liabilities |
|
|
| Accounts payable |
3,672 |
2,530 |
| Accrued expenses |
2,788 |
2,845 |
| Income taxes payable |
405 |
386 |
| Contingent acquisition liability |
561 |
0 |
| Current maturities of long-term debt |
550 |
0 |
| Deferred revenue |
1,288 |
1,288 |
| Total current liabilities |
9,264 |
7,049 |
| Long-Term liabilities |
|
|
| Borrowings under term loan facility |
2,200 |
0 |
| Deferred income taxes |
130 |
0 |
| Contingent acquisition liability |
2,000 |
0 |
| Deferred revenue |
12,598 |
13,242 |
| Total long-term liabilities |
16,928 |
13,242 |
| Total liabilities |
26,192 |
20,291 |
| Commitments and contingencies (Note 9) |
|
|
| Stockholders' equity |
|
|
| Common stock at January 31, 2015 and July 31, 2014, $0.001 par value, 50,000,000 shares authorized; 25,566,332 and 25,364,608 shares issued and outstanding, respectively |
26 |
25 |
| Additional paid-in capital |
28,956 |
28,594 |
| Retained earnings |
37,880 |
36,160 |
| Accumulated other comprehensive loss: |
|
|
| Foreign currency translation adjustment |
(2,171) |
(355) |
| Total stockholders' equity |
64,691 |
64,424 |
| Total liabilities and stockholders' equity |
$ 90,883 |
$ 84,715 |