Fair Value Measurements (Tables)

6 Months Ended

Jan. 31, 2013

Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

The following table provides the assets and liabilities carried at fair value measured on a recurring basis at January 31, 2013 and July 31, 2012:

	Fair Value Measurements at January 31, 2013
	Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total Carrying Value
Cash equivalents	$	-	$	14,642	$	-	$	14,642
Foreign currency forward contracts		39		-		-		39
Plan assets for deferred compensation (A)		2,364		-		-		2,364
Total assets	$	2,403	$	14,642	$	-	$	17,045
	Fair Value Measurements at July 31, 2012
	Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total Carrying Value
Cash equivalents	$	-	$	14,590	$	-	$	14,590
Foreign currency forward contracts		66		-		-		66
Plan assets for deferred compensation (A)		1,693		-		-		1,693
Total assets	$	1,759	$	14,590	$	-	$	16,349
Contingent consideration (B)	$	-	$	-	$	460	$	460
Total liabilities	$	-	$	-	$	460	$	460

(A) Assets held in deferred compensation plan represent our obligation to pay benefits under our non-qualified deferred compensation plan. The related investments consist primarily of mutual funds.

(B) The amount of contingent consideration related to the acquisition to acquire certain assets of an OEM ultrasound transducer and probe business in November 2010. During the quarter ended January 31, 2013, we paid $435 in contingent consideration and have no further obligation.