XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Condensed Consolidated Statements of Income and Comprehensive Income [Abstract]    
Net sales $ 15,530 $ 14,620
Cost of sales 6,606 6,147
Gross profit 8,924 8,473
Operating expenses    
Research and development 1,197 861
Sales and marketing 3,576 3,263
Medical device excise tax 125 0
General and administrative 2,635 2,408
Total operating expenses 7,533 6,532
Operating income 1,391 1,941
Other income (expenses)    
Investment income 4 7
Miscellaneous 0 (3)
Total other income (expenses) 4 4
Income from operations before provision for income taxes 1,395 1,945
Provision for income taxes 460 593
Net income 935 1,352
Earnings per share:    
Basic earnings per share (in dollars per share) $ 0.04 $ 0.05
Diluted earnings per share (in dollars per share) $ 0.04 $ 0.05
Basic weighted average common shares outstanding (in shares) 25,294,020 25,160,757
Diluted weighted average common shares outstanding (in shares) 25,380,940 25,286,184
Net income 935 1,352
Foreign currency translation adjustment 175 70
Comprehensive income $ 1,110 $ 1,422