XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2018
Jul. 31, 2017
Current assets    
Cash and cash equivalents $ 21,966 $ 20,708
Accounts receivable    
Trade, net of allowances of $237 at January 31, 2018 and $263 at July 31, 2017 54,339 51,168
Other 4,721 6,168
Inventories, net 49,534 46,482
Prepaid expenses and other 7,751 8,617
Total current assets 138,311 133,143
Property, plant and equipment, net [1] 108,954 105,435
Goodwill 230,214 224,391
Intangible assets, net 307,528 320,401
Other assets, net 11,176 9,061
Total assets 796,183 792,431
Current liabilities    
Accounts payable 32,496 29,570
Accrued liabilities 10,686 12,456
Employee incentive accrual 3,679 7,713
Current portion of long-term debt   3,167
Total current liabilities 46,861 52,906
Long-term debt, net 337,048 523,102
Deferred tax liabilities 22,852 37,944
Other long-term liabilities 5,350 4,763
Total liabilities 412,111 618,715
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued
Common stock, $0.01 par value, 40,000,000 shares authorized, 15,503,290 shares issued and outstanding at January 31, 2018 and 11,889,649 shares issued and outstanding at July 31, 2017 155 119
Additional paid-in capital 218,001 42,535
Accumulated other comprehensive loss (5,222) (9,712)
Retained earnings 171,138 140,774
Total stockholders’ equity 384,072 173,716
Total liabilities and stockholders’ equity $ 796,183 $ 792,431
[1] In fiscal year 2016, as part of the Company’s ongoing review of its Milan production facilities, the Company determined that certain other facilities had excess capacity sufficient to absorb the manufacturing operations of one of its Milan plants. As a result, the Company committed to sell properties with a total estimated fair value, less costs to sell, of approximately $4.3 million at July 31, 2016. Assets held for sale are included in prepaid expenses and other in current assets. The Company obtained an updated third party market analysis on the property and has increased marketing and advertising efforts to sell the property.