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Subsequent Event
9 Months Ended
Apr. 30, 2016
Subsequent Event

17. Subsequent Event

We declared a dividend of $0.10 per share of common stock on May 26, 2016, which will be paid on June 24, 2016 to stockholders of record on June 11, 2016.

On May 26, 2016, our board of directors authorized an additional repurchase of up to $15.0 million of our common stock. The repurchase program will be funded by our available cash. The repurchase program does not have a fixed expiration date.