CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2017	Jul. 31, 2016
Current assets:
Cash and cash equivalents	$ 36,584	$ 28,367
Accounts receivable, net of allowance for doubtful accounts of $1,808 in 2017 and $1,850 in 2016	110,656	93,332
Inventories, net	98,724	91,486
Prepaid expenses and other current assets	11,407	9,557
Total current assets	257,371	222,742
Property and equipment, net	88,338	74,604
Intangible assets, net	124,512	111,719
Goodwill	311,445	280,318
Other assets	4,707	5,149
Total assets	786,373	694,532
Current liabilities:
Accounts payable	27,469	26,263
Compensation payable	27,468	25,555
Accrued expenses	23,393	20,283
Deferred revenue	25,282	20,173
Income taxes payable	3,167	4,061
Total current liabilities	106,779	96,335
Long-term debt	126,000	116,000
Deferred income taxes	24,714	23,579
Other long-term liabilities	4,948	4,248
Total liabilities	262,441	240,162
Commitments and Contingencies (Note 12)
Stockholders’ equity:
Preferred Stock, par value $1.00 per share; authorized 1,000,000 shares; none issued	0	0
Common Stock, par value $.10 per share; authorized 75,000,000 shares; issued 2017 - 46,194,370 shares, outstanding 2017 - 41,728,934 shares; issued 2016 - 46,084,047 shares, outstanding 2016 - 41,708,214 shares	4,619	4,608
Additional paid-in capital	174,602	165,573
Retained earnings	407,590	342,053
Accumulated other comprehensive loss	(9,900)	(11,795)
Treasury Stock, at cost; 2017 - 4,465,440 shares; 2016 - 4,375,833 shares	(52,979)	(46,069)
Total stockholders’ equity	523,932	454,370
Total liabilities and stockholders' equity	$ 786,373	$ 694,532

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.