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Stockholders' Equity
6 Months Ended
Jan. 31, 2018
Stockholders' Equity

9. STOCKHOLDERS’ EQUITY

Stock Repurchases

On September 3, 2015, the Company announced that its Board of Directors authorized a stock repurchase program, pursuant to which the Company is authorized to repurchase up to $30 million of its common stock from time to time in open market transactions or in privately negotiated transactions (the “2015 Plan”). This repurchase program supersedes the repurchase program that was announced on September 15, 2011 (the “2011 Plan”) and as a result there are no shares available for repurchase under the 2011 Plan. The Company may suspend or discontinue the 2015 Plan at any time and the 2015 plan has no expiration date. As of March 9, 2018, since the inception of the 2015 Plan, the Company had repurchased 1,956,733 shares for approximately $12 million under the 2015 Plan. There have been no shares repurchased during the three or six months ended January 31, 2018.