Segment Information (Tables)

3 Months Ended

Oct. 31, 2019

Operating segment information, along with a reconciliation of segment net income (loss) and consolidated net income to Adjusted EBITDA is presented in the tables below:



	Three months ended October 31, 2019
	Commercial Solutions			Government Solutions		Unallocated		Total
Net sales	$	94,314,000		75,953,000		—		$	170,267,000
Operating income (loss)	$	9,841,000		7,083,000		(7,664,000	)	$	9,260,000

Net income (loss)	$	9,867,000		7,095,000		(10,574,000	)	$	6,388,000
Provision for income taxes	13,000			—		1,132,000		1,145,000
Interest (income) and other	(47,000		)	(13,000	)	(17,000	)	(77,000		)
Interest expense	8,000			1,000		1,795,000		1,804,000
Amortization of stock-based compensation	—			—		879,000		879,000
Amortization of intangibles	4,362,000			844,000		—		5,206,000
Depreciation	2,196,000			313,000		142,000		2,651,000
Estimated contract settlement costs	230,000			—		—		230,000
Acquisition plan expenses	—			—		2,389,000		2,389,000
Adjusted EBITDA	$	16,629,000		8,240,000		(4,254,000	)	$	20,615,000

Purchases of property, plant and equipment	$	1,000,000		224,000		26,000		$	1,250,000
Total assets at October 31, 2019	$	675,344,000		211,125,000		44,553,000		$	931,022,000



	Three months ended October 31, 2018
		Commercial Solutions		Government Solutions	Unallocated		Total
Net sales		$	77,973,000	82,871,000	—		$	160,844,000
Operating income (loss)		$	7,058,000	6,644,000	(6,409,000	)	$	7,293,000

Net income (loss)		$	6,971,000	6,609,000	(10,112,000	)	$	3,468,000
Provision for (benefit from) income taxes		12,000		—	(2,139,000	)	(2,127,000		)
Interest (income) and other		53,000		32,000	(19,000	)	66,000
Write-off of deferred financing costs		—		—	3,217,000		3,217,000
Interest expense		22,000		3,000	2,644,000		2,669,000
Amortization of stock-based compensation		—		—	1,046,000		1,046,000
Amortization of intangibles		3,445,000		844,000	—		4,289,000
Depreciation		2,228,000		379,000	244,000		2,851,000
Acquisition plan expenses		—		—	1,130,000		1,130,000
Facility exit costs		—		1,373,000	—		1,373,000
Adjusted EBITDA		$	12,731,000	9,240,000	(3,989,000	)	$	17,982,000

Purchases of property, plant and equipment		$	892,000	629,000	124,000		$	1,645,000
Total assets at October 31, 2018		$	602,567,000	222,587,000	41,786,000		$	866,940,000