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Other Expenses, Net
6 Months Ended
Jan. 31, 2014
Other Expenses, Net

17. Other Expenses, Net:

Other expenses, net consists primarily of interest income on cash equivalents, loss on investment, and foreign exchange gains (losses).

Related to the acquisition of PocketSonics, we recognized a loss of $0.5 million during the first quarter of fiscal year 2014. Please refer to Note 3. Business Combinations for more information on the acquisition of PocketSonics.

We had foreign exchange losses totaling $0.4 million and $0.5 million during the three and six months ended January 31, 2014, respectively. We had foreign exchange losses totaling $0.5 million and $1.5 million during the three and six months ended January 31, 2013, respectively.