Income Taxes (Tables)

12 Months Ended

Jul. 31, 2015

Income Taxes [Abstract]

Summary of (provision for) benefit from income taxes

Year ended July 31
(in thousands)	2015			2014		2013
Current:
Federal	$	—		$	21	$	560
State and local		(34	)		6		113
		(34	)		27		673
Deferred:
Federal		(2,211	)		1,925		(560	)
State and local		(469	)		401		(121	)
		(2,680	)		2,326		(681	)
(PROVISION FOR) BENEFIT FROM INCOME TAXES	$	(2,714	)	$	2,353	$	(8	)

Summary of deferred income tax assets

July 31 (in thousands)	2015			2014
Deferred income tax assets:
Current:
Accrued expenses	$	314		$	333
Stock based compensation		(329	)		51
Deferred revenue on litigation settlements		313			2,079
Valuation allowance		(298	)		(71	)
TOTAL CURRENT DEFERRED INCOME TAX ASSETS	$	—		$	2,392
Non-Current:
Deferred revenue on litigation settlements	$	—		$	313
Stock based compensation		—			104
Net operating loss carryforward		53,383			50,120
Valuation allowance		(53,383	)		(50,120	)
TOTAL NON-CURRENT DEFERRED INCOME TAX ASSETS	$	—		$	417

Schedule of differences between income taxes expected at the federal statutory income tax rate and income taxes

Year ended July 31
(in thousands)	2015			2014		2013
Federal income tax at statutory rate	$	(262	)	$	99	$	(1,445	)
Permanent differences		1,048			—		—
Valuation allowance		(3,500	)		2,250		1,445
State and local income tax, net of federal benefit		—			4		(8	)
PROVISION FOR (INCOME TAXES) INCOME TAX BENEFITS	$	(2,714	)	$	2,353	$	(8	)

Schedule of change in the valuation allowance for deferred income taxes

Year ended July 31 (in thousands)	Balance at beginning of year		Additions charged to costs and expenses		Deductions			Balance at end of year
2015
Reserves deducted from deferred income taxes, net:
Valuation allowance	$	50,191	$	3,500	$	(10	)	$	53,681
2014
Reserves deducted from deferred income taxes, net:
Valuation allowance	$	50,797	$	—	$	(606	)	$	50,191
2013
Reserves deducted from deferred income taxes, net:
Valuation allowance	$	49,982	$	815	$	—		$	50,797