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Commitments and Contingencies (Tables)
 9 Months Ended
Apr. 30, 2016
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

 

Year Ending July 31,

 

 

 

 

Ending July 31,

 

(Amounts in thousands)

 

 

 

2016

 

2017

 

2018

 

2019

 

2020

 

Thereafter

 

Total

 

Maturity of the credit facility

 

$

 —

 

$

 —

 

$

 —

 

$
132,000

 

$

 —

 

$

 —

 

$
132,000

 

Expected interest payments under the credit facility (1)

 

 
673

 

 
2,693

 

 
2,693

 

 
1,570

 

 

 —

 

 

 —

 

 
7,629

 

Minimum commitments under noncancelable operating leases

 

 
1,422

 

 
5,163

 

 
3,918

 

 
3,055

 

 
2,026

 

 
4,553

 

 
20,137

 

Compensation agreements

 

 
1,350

 

 
8,562

 

 
616

 

 
498

 

 
498

 

 
961

 

 
12,485

 

Contingent consideration (2)

 

 

 —

 

 

 —

 

 

 —

 

 
36

 

 
132

 

 
40

 

 
208

 

Assumed contingent liability (3)

 

 
1

 

 
19

 

 
93

 

 
188

 

 
246

 

 
719

 

 
1,266

 

Contingent guaranteed obligation (4)

 

 
90

 

 
197

 

 
147

 

 
135

 

 

 —

 

 

 —

 

 
569

 

Other long-term obligations

 

 
101

 

 
273

 

 
205

 

 
98

 

 
12

 

 
3

 

 
692

 

Total contractual obligations

 

$
3,637

 

$
16,907

 

$
7,672

 

$
137,580

 

$
2,914

 

$
6,276

 

$
174,986

 

(1)

The expected interest payments under our credit facility reflect an interest rate of 2.04%, which was our weighted average interest rate on outstanding borrowings at April 30, 2016.

 

(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, 2016 Condensed Consolidated Balance Sheet at its net present value of $148,000 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, 2016 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 April 30, 2016 Condensed Consolidated Balance Sheet at its net present value of $569,000 using a discount rate of 10.1%.