XML 20 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
Pledged Assets, Short and Long-Term Debt (Details) (USD $)
12 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Line of Credit Facility [Line Items]    
Minimum fixed charge coverage ratio 1.1  
Debt Instrument [Line Items]    
Long-term debt $ 0 $ 1,053,000
Less current maturities 0 1,053,000
Long-term portion 0 0
Note payable to the estate of the late Dr. Leonard I. Malis [Member]
   
Debt Instrument [Line Items]    
Long-term debt 0 313,000
Settlement obligation to Iridex Corporation ("Iridex") [Member]
   
Debt Instrument [Line Items]    
Long-term debt 0 740,000
Revolving Credit Facility [Member]
   
Line of Credit Facility [Line Items]    
Maximum borrowing capacity 9,500,000  
Current borrowing capacity 9,000,000  
Description of variable rate basis The one-, two- or three-month LIBOR  
Basis spread on variable rate (in hundredths) 20.00%  
Interest rate at period end (in hundredths) 22.20%  
Interest charge on unused portion of facility (in hundredths) 0.20%  
Borrowings under credit facility 0  
Maturity date Nov. 30, 2013  
Number of financial covenants 2  
Maximum leverage ratio 3.75  
Leverage ratio 0.67  
Fixed charge coverage ratio 2.03  
Collateral availability under the line 9,000,000  
Equipment Line of Credit [Member]
   
Line of Credit Facility [Line Items]    
Maximum borrowing capacity 1,000,000  
Description of variable rate basis One-month LIBOR  
Basis spread on variable rate (in hundredths) 30.00%  
Minimum interest rate (in hundredths) 3.50%  
Borrowings under credit facility $ 0  
Maturity date Nov. 30, 2013