Long-Term Debt (Tables)

6 Months Ended

Jan. 31, 2015

Long Term Debt

Long-term debt consists of the following:

	January 31, 2015		July 31, 2014
	(in thousands)
Bank Term Loan under Credit Agreement	$	25,000	$	48,125
Bank Term Loan – Commerzbank		3,588		3,841
Seller Financing - Promissory Notes		—		18,000
Total debt		28,588		69,966
Less: financing fees		(1,072)		(1,218)
Less: current portion		(1,579)		(3,831)
Total long-term debt	$	25,937	$	64,917

Debt Principal Payments

The debt principal payments for the next five years and thereafter are as follows:

Payments due by fiscal year	Debt Principal             Payments
	(in thousands)
2015	$	1,131
2016		2,575
2017		2,888
2018		3,825
Thereafter		18,169
Total	$	28,588