XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Apr. 30, 2015
Jul. 31, 2014
Current assets    
Cash and cash equivalents $ 10,448us-gaap_CashAndCashEquivalentsAtCarryingValue $ 15,443us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net of allowance for doubtful accounts of $590 and $722, respectively 13,809us-gaap_AccountsReceivableNetCurrent 14,641us-gaap_AccountsReceivableNetCurrent
Inventories 16,870us-gaap_InventoryNet 15,134us-gaap_InventoryNet
Prepaid expenses 1,572us-gaap_PrepaidExpenseCurrent 1,223us-gaap_PrepaidExpenseCurrent
Deferred income taxes 2,384us-gaap_DeferredTaxAssetsNetCurrent 2,042us-gaap_DeferredTaxAssetsNetCurrent
Total current assets 45,083us-gaap_AssetsCurrent 48,483us-gaap_AssetsCurrent
Property and equipment, net 10,594us-gaap_PropertyPlantAndEquipmentNet 8,785us-gaap_PropertyPlantAndEquipmentNet
Intangible and other assets    
Goodwill 17,048us-gaap_Goodwill 12,738us-gaap_Goodwill
Other intangible assets, net 20,276us-gaap_IntangibleAssetsNetExcludingGoodwill 11,911us-gaap_IntangibleAssetsNetExcludingGoodwill
Deferred income taxes 0us-gaap_DeferredTaxAssetsNetNoncurrent 1,219us-gaap_DeferredTaxAssetsNetNoncurrent
Patents, net 1,432surg_FiniteLivedPatentsNet 1,472surg_FiniteLivedPatentsNet
Deferred financing costs, net 88us-gaap_DeferredFinanceCostsNoncurrentNet 0us-gaap_DeferredFinanceCostsNoncurrentNet
Cash value of life insurance 107us-gaap_CashSurrenderValueOfLifeInsurance 107us-gaap_CashSurrenderValueOfLifeInsurance
Total assets 94,628us-gaap_Assets 84,715us-gaap_Assets
Current liabilities    
Accounts payable 4,334us-gaap_AccountsPayableCurrent 2,530us-gaap_AccountsPayableCurrent
Accrued expenses 3,260us-gaap_AccruedLiabilitiesCurrent 2,845us-gaap_AccruedLiabilitiesCurrent
Income taxes payable 870us-gaap_AccruedIncomeTaxesCurrent 386us-gaap_AccruedIncomeTaxesCurrent
Contingent acquisition liability 750us-gaap_BusinessCombinationContingentConsiderationLiabilityCurrent 0us-gaap_BusinessCombinationContingentConsiderationLiabilityCurrent
Current maturities of long-term debt 550us-gaap_LongTermDebtCurrent 0us-gaap_LongTermDebtCurrent
Deferred revenue 1,288us-gaap_DeferredRevenueCurrent 1,288us-gaap_DeferredRevenueCurrent
Total current liabilities 11,052us-gaap_LiabilitiesCurrent 7,049us-gaap_LiabilitiesCurrent
Long-Term liabilities    
Borrowings under term loan facility 2,063us-gaap_LongTermDebt 0us-gaap_LongTermDebt
Deferred income taxes 500us-gaap_DeferredTaxLiabilitiesNoncurrent 0us-gaap_DeferredTaxLiabilitiesNoncurrent
Contingent acquisition liability 2,180us-gaap_BusinessCombinationContingentConsiderationLiabilityNoncurrent 0us-gaap_BusinessCombinationContingentConsiderationLiabilityNoncurrent
Deferred revenue 12,276us-gaap_DeferredRevenueAndCredits 13,242us-gaap_DeferredRevenueAndCredits
Total long-term liabilities 17,019us-gaap_LiabilitiesNoncurrent 13,242us-gaap_LiabilitiesNoncurrent
Total liabilities 28,071us-gaap_Liabilities 20,291us-gaap_Liabilities
Commitments and contingencies (Note 9)      
Stockholders' equity    
Common stock at April 30, 2015 and July 31, 2014, $0.001 par value, 50,000,000 shares authorized; 25,571,975 and 25,364,608 shares issued and outstanding, respectively 26us-gaap_CommonStockValue 25us-gaap_CommonStockValue
Additional paid-in capital 29,216us-gaap_AdditionalPaidInCapitalCommonStock 28,594us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 39,108us-gaap_RetainedEarningsAccumulatedDeficit 36,160us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (1,793)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax (355)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
Total stockholders' equity 66,557us-gaap_StockholdersEquity 64,424us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 94,628us-gaap_LiabilitiesAndStockholdersEquity $ 84,715us-gaap_LiabilitiesAndStockholdersEquity