Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2015	Jul. 31, 2014
Current Assets
Cash and cash equivalents	$ 11,911	$ 15,443
Accounts receivable, net of allowance for doubtful accounts of $700 and $722, respectively	13,935	14,641
Inventories	16,696	15,134
Income taxes refundable	0	0
Prepaid expenses	1,390	1,223
Deferred income taxes	2,346	2,042
Total current assets	46,278	48,483
Property and Equipment, net	10,519	8,785
Intangible and Other Assets
Goodwill	17,133	12,738
Intangible assets, net	21,572	13,383
Deferred income taxes	0	1,219
Cash value of life insurance	119	107
Total assets	95,621	84,715
Current Liabilities
Accounts payable	4,078	2,530
Accrued expenses	3,576	2,845
Income taxes payable	193	386
Current maturities of long-term debt	550	0
Deferred revenue	1,288	1,288
Total current liabilities	9,685	7,049
Long-Term Liabilities
Borrowings under term loan facility	1,925	0
Deferred revenue	11,954	13,242
Deferred income taxes	776	0
Contingent acquisition liability	2,839	0
Total long-term liabilities	17,494	13,242
Total liabilities	$ 27,179	$ 20,291
Commitments and Contingencies (Notes 12 and 19)
Stockholders' Equity
Common stock at July 31, 2015 and July 31, 2014, $0.001 par value, 50,000,000 shares authorized; 25,573,287 and 25,364,608 shares issued and outstanding, respectively	$ 26	$ 25
Additional paid-in capital	29,472	28,594
Retained earnings	40,638	36,160
Accumulated other comprehensive loss:
Foreign currency translation adjustment	(1,694)	(355)
Total stockholders' equity	68,442	64,424
Total liabilities and stockholders' equity	$ 95,621	$ 84,715