| Schedule of aggregate annual required payments over the remaining fiscal year, the next four years and thereafter under contractual obligations that have long-term components |
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Six Months
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Year Ending July 31,
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Ending July 31,
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(Amounts in thousands)
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2016
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2017
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2018
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2019
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2020
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Thereafter
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Total
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Maturity of the credit facility
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$
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—
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$
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—
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$
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—
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$
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133,500
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$
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—
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$
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—
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$
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133,500
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Expected interest payments under the credit facility (1)
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1,388
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2,777
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2,777
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1,620
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—
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—
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8,562
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Minimum commitments under noncancelable operating leases
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2,620
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4,438
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3,254
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2,463
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1,388
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2,637
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16,800
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Compensation agreements
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2,308
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4,821
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541
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206
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206
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86
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8,168
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Contingent consideration (2)
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—
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—
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—
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36
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132
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40
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208
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Assumed contingent liability (3)
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1
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19
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93
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188
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246
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719
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1,266
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Contingent guaranteed obligation (4)
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176
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193
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144
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132
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—
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—
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645
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Other long-term obligations
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109
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330
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195
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92
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12
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3
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741
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Total contractual obligations
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$
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6,602
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$
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12,578
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$
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7,004
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$
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138,237
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$
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1,984
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$
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3,485
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$
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169,890
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(1)
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The expected interest payments under our credit facility reflect an interest rate of 2.08%, which was our weighted average interest rate on outstanding borrowings at January 31, 2016. |
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(2)
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These future potential payments of contingent consideration relate to the Jet Prep Acquisition, as further explained below, and are reflected in the January 31, 2016 Condensed Consolidated Balance Sheet at its net present value of $143,000 using a discount rate of 12.6%. |
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(3)
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These future potential payments of an assumed contingent liability relate to the Jet Prep Acquisition, as further explained below, and are reflected in the January 31, 2016 Condensed Consolidated Balance Sheet at its net present value of $1,138,000 using a discount rate of 2.5%. |
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(4)
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These future potential payments of a contingent guaranteed obligation relate to Cantel Medical (UK), as further explained below, and are reflected in the January 31, 2016 Condensed Consolidated Balance Sheet at its net present value of $637,000 using a discount rate of 10.1%. |
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