Pledged Assets, Short and Long-Term Debt (Tables)

12 Months Ended

Jul. 31, 2012

Pledged Assets, Short and Long-Term Debt [Abstract]

Long-term debt

Long-term debt as of July 31, 2012 and 2011 consisted of the following (dollars in thousands):

	2012		2011
Note payable to the estate of the late Dr. Leonard I. Malis, due in quarterly installments of $159,904 which includes interest at an imputed rate of 6.0 percent; remaining balance of $0  including the effects of imputing interest, paid December 15, 2011, collateralized by the Malis® trademark	$	--	$	313
Settlement obligation to Iridex Corporation ("Iridex"), due in annual installments of $800,000 which includes interest at an imputed rate of 8.0 percent; remaining balance of $0 including the effects of imputing interest, paid April 15, 2012		--		740
		--		1,053
Less current maturities		--		1,053
Long-term portion	$	--	$	--