Commitments and Contingencies (Tables)

3 Months Ended

Oct. 31, 2016

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)
	2017		2018		2019		2020		2021		Thereafter		Total
Maturity of the credit facility	$	—	$	—	$	161,000	$	—	$	—	$	—	$	161,000
Expected interest payments under the credit facility (1)		2,427		3,236		1,888		—		—		—		7,551
Minimum commitments under noncancelable operating leases		4,753		5,460		4,379		3,064		2,181		3,454		23,291
Compensation agreements		6,040		2,882		691		498		377		583		11,071
Assumed contingent liability (2)		19		93		188		246		280		439		1,265
Contingent guaranteed obligation (3)		122		123		112		—		—		—		357
Other long-term obligations		205		214		96		12		3		—		530
Total contractual obligations	$	13,566	$	12,008	$	168,354	$	3,820	$	2,841	$	4,476	$	205,065

(1)

The expected interest payments under our credit facility reflect an interest rate of 2.01%, which was our weighted average interest rate on outstanding borrowings at October 31, 2016.

(2)

These future potential payments of an assumed contingent liability relate to the Jet Prep Acquisition, as further described in Note 7 to the Condensed Consolidated Financial Statements, and are reflected in the October 31, 2016 Condensed Consolidated Balance Sheet at its net present value of $1,138,000 using a discount rate of 2.5%.

(3)

These future potential payments of a contingent guaranteed obligation relate to Cantel Medical (UK), as further described in Note 7 to the Condensed Consolidated Financial Statements, and are reflected in the October 31, 2016 Condensed Consolidated Balance Sheet at its net present value of $349,000 using a discount rate of 10.1%.