Supplemental Cash Flow Information Disclosure

9 Months Ended

Apr. 30, 2012

Supplemental Cash Flow Information Disclosure [Abstract]

Supplemental Cash Flow Information Disclosure

14. Supplemental Cash Flow Information Disclosure

For purposes of the consolidated statements of cash flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents.  Cash paid for interest amounted to approximately $254,000 and $224,000 for the nine months ended April 30, 2012 and April 30, 2011, respectively.  Cash paid for income taxes amounted to approximately $4.0 million and $3.1 million for the nine months ended April 30, 2012 and April 30, 2011, respectively.  Of the $2.0 million in dividends paid by the Company for the nine month period ended April 30, 2012, approximately $1.0 million was accrued for in accounts payable as of July 31, 2011.  Of the $1.8 million in dividends paid by the Company for the nine month period ended April 30, 2011, approximately $.9 million was accrued for in accounts payable as of July 31, 2010.  On December 14, 2011, the Company increased its capital investment in its Brazilian subsidiary (Ecology and Environment do Brasil, Ltda.) by $1.5 million USD, which increased the Company’s ownership in the entity to 68%.  The Company also purchased an additional 4% of the entity from its president for approximately $180,000 USD, which increased the Company’s ownership in the entity to 72%.  The Brazilian company has experienced increased revenue growth and the additional investment will be used for working capital needs in the country.

On August 23, 2010, the Company purchased a 60% ownership in the assets held by ECSI.  The Company paid $1.0 million in cash for this ownership interest, and the noncontrolling partnership group ECSI, Inc. contributed cash, other assets, and liabilities for its 40% ($667,000) noncontrolling share of the new entity.