Transactions to acquire ownership interest from noncontrolling shareholders during the six months ended January 31, 2015 and during the fiscal year ended July 31, 2014, which were recorded at amounts that approximated fair value, are summarized in the following table.

	Six Months Ended January 31, 2015		Fiscal Year Ended July 31, 2014
Purchases of noncontrolling interests:
Purchase of 2,800 Gustavson common shares (1)	$	283,221	$	---
Purchase of 344 Walsh common shares (2)		---		5,653
Purchase of 3,705 Walsh common shares (3)		---		1,120,749
Purchase of 100 Walsh common shares (4)		---		30,250
Total purchases of additional noncontrolling interests (5)	$	283,221	$	1,156,652

(1)

In January 2015, Gustavson Associates, LLC (“Gustavson”), a majority owned indirect subsidiary of EEI, purchased an additional 7.2% of its outstanding common shares from noncontrolling shareholders for $0.3 million. The purchase price was paid as follows: (i) approximately $0.1 million of cash paid on the transaction date; and (ii) approximately $0.2 million payable in 3 annual installments plus interest accrued at 6% per annum. EEI’s indirect ownership of Gustavson increased to 83.6% as a result of this transaction.

(2)

In January 2014, EEI purchased an additional 0.9% of Walsh from noncontrolling shareholders for $0.1 million in cash. Walsh became a wholly-owned subsidiary of EEI as a result of these transactions.

(3)

In October 2013, EEI purchased an additional 9.4% of Walsh for $1.6 million. The purchase price was paid as follows: (i) one third in cash payable on the transaction consummation date; (ii) one third payable with EEI Common Stock on the transaction consummation date; and (iii) one third payable in two annual installments plus interest accrued at 3.25% per annum.

(4)

In October 2013, EEI purchased an additional 0.2% of Walsh for less than $0.1 million in cash.

(5)

Purchases of additional noncontrolling interests are recorded as reductions of shareholders’ equity on the condensed consolidated statements of shareholders’ equity.