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Commitments and Contingencies (Tables)
 9 Months Ended
Apr. 30, 2015
Commitments and Contingencies  
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

 

 

 

Three Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31,

 

Year Ending July 31,

 

 

 

 

 

2015

 

2016

 

2017

 

2018

 

2019

 

Thereafter

 

Total

 

 

 

(Amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturity of the credit facility

 

$

—

 

$

—

 

$

—

 

$

—

 

$
91,500 

 

$

—

 

$
91,500 

 

Expected interest payments under the credit facility (1)

 
421 

 
1,629 

 
1,629 

 
1,629 

 
950 

 

—

 
6,258 

 

Minimum commitments under noncancelable operating leases

 
1,319 

 
4,780 

 
3,813 

 
2,650 

 
1,844 

 
3,694 

 
18,100 

 

Compensation agreements

 
1,232 

 
6,236 

 
1,082 

 
206 

 
206 

 
292 

 
9,254 

 

Contingent consideration (2)

 

—

 

—

 

—

 
135 

 
360 

 
621 

 
1,116 

 

Assumed contingent liability (3)

 

—

 
1 

 
19 

 
93 

 
188 

 
965 

 
1,266 

 

Contingent guaranteed obligation (4)

 
138 

 
396 

 
209 

 
155 

 
142 

 

—

 
1,040 

 

Other long-term obligations

 
100 

 
303 

 
266 

 
202 

 
96 

 
15 

 
982 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total contractual obligations

 

$
3,210 

 

$
13,345 

 

$
7,018 

 

$
5,070 

 

$
95,286 

 

$
5,587 

 

$
129,516 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The expected interest payments under our credit facility reflect an interest rate of 1.78%, which was our weighted average interest rate on outstanding borrowings at April 30, 2015.

(2)

These future potential payments of contingent consideration relate to the Jet Prep Acquisition, as further explained below, and are reflected in the April 30, 2015 Condensed Consolidated Balance Sheet at its net present value of $729,000 using a discount rate of 12.6%.

(3)

These future potential payments of an assumed contingent liability relate to the Jet Prep Acquisition, as further explained below, and are reflected in the April 30, 2015 Condensed Consolidated Balance Sheet at its net present value of $1,131,000 using a discount rate of 2.5%.

(4)

These future potential payments of a contingent guaranteed obligation relate to the PuriCore Acquisition, as further explained below, and are reflected in the April 30, 2015 Condensed Consolidated Balance Sheet at its net present value of $914,000 using a discount rate of 10.1%.