Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2013

Fair Value Measurements

Schedule of fair values of financial instruments measured on a recurring basis

	April 30, 2013
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents:
Money markets	$	4,258,000	$	—	$	—	$	4,258,000
Total assets	$	4,258,000	$	—	$	—	$	4,258,000
Liabilities:
Acquisition payable:
Contingent consideration	$	—	$	—	$	—	$	—
Price floor	—		—		255,000		255,000
Total acquisition payable	—		—		255,000		255,000
Other liabilities:
Interest rate swap agreements	—		240,000		—		240,000
Total other liabilities (1)	—		240,000		—		240,000
Total liabilities	$	—	$	240,000	$	255,000	$	495,000

	July 31, 2012
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents:
Money markets	$	3,916,000	$	—	$	—	$	3,916,000
Total assets	$	3,916,000	$	—	$	—	$	3,916,000
Liabilities:
Acquisition payable:
Contingent consideration	$	—	$	—	$	1,500,000	$	1,500,000
Price floor	—		—		1,037,000		1,037,000
Total acquisition payable	—		—		2,537,000		2,537,000
Other liabilities:
Interest rate swap agreements	—		335,000		—		335,000
Total other liabilities (1)	—		335,000		—		335,000
Total liabilities	$	—	$	335,000	$	2,537,000	$	2,872,000

(1) At April 30, 2013 and July 31, 2012, the current portions of the interest swap agreements of $174,000 and $212,000, respectively, are recorded in accrued expenses and the long-term portions of the interest swap agreements of $66,000 and $123,000, respectively, are recorded in other long-term liabilities.

Schedule of reconciliation of the contingent consideration liability measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3)

	ConFirm Contingent Consideration			Byrne Contingent Consideration			Byrne Price Floor			Total
Balance, July 31, 2011	$	775,000		$	—		$	—		775,000
Total net unrealized (gains)/losses included in general and administrative expense in earnings	(86,000		)	100,000			(582,000		)	(568,000		)
Transfers into or out of level 3	—			—			—			—
Net purchases, issuances, sales and settlements	—			2,700,000			3,000,000			5,700,000
Balance, October 31, 2011	689,000			2,800,000			2,418,000			5,907,000
Total net unrealized (gains)/losses included in general and administrative expense in earnings	166,000			100,000			(623,000		)	(357,000		)
Transfers into or out of level 3	—			—			—			—
Net purchases, issuances, sales and settlements	—			—			—			—
Balance, January 31, 2012	855,000			2,900,000			1,795,000			5,550,000
Total net unrealized gains included in general and administrative expense in earnings	—			—			(395,000		)	(395,000		)
Transfers into or out of level 3	—			—			—			—
Net purchases, issuances, sales and settlements	(855,000		)	—			—			(855,000		)
Balance, April 30, 2012	—			2,900,000			1,400,000			4,300,000
Total net unrealized gains included in general and administrative expense in earnings	—			(1,400,000		)	(363,000		)	(1,763,000		)
Transfers into or out of level 3	—			—			—			—
Net purchases, issuances, sales and settlements	—			—			—			—
Balance, July 31, 2012	—			1,500,000			1,037,000			2,537,000
Total net unrealized gains included in general and administrative expense in earnings	—			—			(313,000		)	(313,000		)
Transfers into or out of level 3	—			—			—			—
Net purchases, issuances, sales and settlements	—			—			—			—
Balance, October 31, 2012	—			1,500,000			724,000			2,224,000
Total net unrealized gains included in general and administrative expense in earnings	—			(1,500,000		)	(410,000		)	(1,910,000		)
Transfers into or out of level 3	—			—			—			—
Net purchases, issuances, sales and settlements	—			—			—			—
Balance, January 31, 2013	—			—			314,000			314,000
Total net unrealized gains included in general and administrative expense in earnings	—			—			(59,000		)	(59,000		)
Transfers into or out of level 3	—			—			—			—
Net purchases, issuances, sales and settlements	—			—			—			—
Balance, April 30, 2013	$	—		$	—		$	255,000		$	255,000