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Commitments and Contingencies (Tables)
 3 Months Ended
Oct. 31, 2015
Commitments and Contingencies  
Schedule of aggregate annual required payments over the next five years and thereafter under contractual obligations that have long-term components

 

 

 

 

Nine Months

 

Year Ending July 31,

 

 

 

 

 

Ending July 31,

 

(Amounts in thousands)

 

 

 

 

 

2016

 

2017

 

2018

 

2019

 

2020

 

Thereafter

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturity of the credit facility

 

$

—

 

$

—

 

$

—

 

$
147,500 

 

$

—

 

$

—

 

$
147,500 

 

Expected interest payments under the credit facility (1)

 
1,814 

 
2,419 

 
2,419 

 
1,411 

 

—

 

—

 
8,063 

 

Minimum commitments under noncancelable operating leases

 
3,866 

 
4,155 

 
2,882 

 
2,201 

 
1,304 

 
2,569 

 
16,977 

 

Compensation agreements

 
4,245 

 
3,074 

 
373 

 
206 

 
206 

 
86 

 
8,190 

 

Contingent consideration (2)

 

—

 

—

 

—

 
36 

 
132 

 
40 

 
208 

 

Assumed contingent liability (3)

 
1 

 
19 

 
93 

 
188 

 
246 

 
719 

 
1,266 

 

Contingent guaranteed obligation (4)

 
292 

 
208 

 
155 

 
142 

 

—

 

—

 
797 

 

Other long-term obligations

 
217 

 
249 

 
198 

 
94 

 
12 

 
3 

 
773 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total contractual obligations

 

$
10,435 

 

$
10,124 

 

$
6,120 

 

$
151,778 

 

$
1,900 

 

$
3,417 

 

$
183,774 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The expected interest payments under our credit facility reflect an interest rate of 1.64%, which was our weighted average interest rate on outstanding borrowings at October 31, 2015.

 

(2)

These future potential payments of contingent consideration relate to the Jet Prep Acquisition, as further explained below, and are reflected in the October 31, 2015 Condensed Consolidated Balance Sheet at its net present value of $139,000 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 October 31, 2015 Condensed Consolidated Balance Sheet at its net present value of $1,138,000 using a discount rate of 2.5%.

 

(4)

These future potential payments of a contingent guaranteed obligation relate to Cantel Medical (UK), as further explained below, and are reflected in the October 31, 2015 Condensed Consolidated Balance Sheet at its net present value of $773,000 using a discount rate of 10.1%.