	Year Ended July 31,
	(Amounts in thousands)
	2016		2017		2018		2019		2020		Thereafter		Total

Maturity of the credit facility	$	—	$	—	$	—	$	78,500	$	—	$	—	$	78,500
Expected interest payments under the credit facility (1)	1,421		1,421		1,421		828		—		—		5,091
Minimum commitments under noncancelable operating leases	4,940		3,972		2,788		2,041		2,831		977		17,549
Compensation agreements (2)	7,985		1,391		206		206		206		85		10,079
Contingent consideration (3)	—		—		135		360		492		129		1,116
Assumed contingent liability (4)	1		19		93		188		246		719		1,266
Contingent guaranteed obligation (5)	401		211		157		145		—		—		914
Deferred compensation and other	235		239		199		94		12		3		782

Total contractual obligations	$	14,983	$	7,253	$	4,999	$	82,362	$	3,787	$	1,913	$	115,297

(1)

To fund the cash consideration paid and the costs associated with the MI Acquisition, we borrowed $83,000,000 in September 2015 under our revolving credit facility, thereby increasing the 2019 maturities of the credit facility from $78,500,000 at July 31, 2015 to $154,500,000 at September 29, 2015, net of repayments made during that period. Accordingly, the expected interest payments under the credit facility will be approximately $1,375,000 higher on an annualized basis as of September 29, 2015 as compared with July 31, 2015. The expected interest payments under our credit facility reflect an interest rate of 1.81%, which was our weighted average interest rate on outstanding borrowings at July 31, 2015.

(2)

In conjunction with the MI Acquisition on September 14, 2015, we entered into compensation agreements with six employees of the acquired business. As a result of these new agreements, the annual required payments for compensation agreements increased subsequent to July 31, 2015 by $1,134,000 and $223,000 for the years ending July 31, 2016 and 2017, respectively.

(3)

These future potential payments of contingent consideration relate to the Jet Prep Acquisition, as further explained below, and are reflected in the July 31, 2015 Consolidated Balance Sheet at its net present value of $751,000 using a discount rate of 12.6%.

(4)

These future potential payments of an assumed contingent liability relate to the Jet Prep Acquisition, as further explained below, and are reflected in the July 31, 2015 Consolidated Balance Sheet at its net present value of $1,138,000 using a discount rate of 2.5%.

(5)

These future potential payments of a contingent guaranteed obligation relate to the PuriCore Acquisition, as further explained below, and are reflected in the July 31, 2015 Consolidated Balance Sheet at its net present value of $888,000 using a discount rate of 10.1%.