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Research and Development Costs

12 Months Ended

Jul. 31, 2015

Research and Development Costs [Abstract]

Note 17.

Research and Development Costs

R&D costs related to both future and present products are charged to operations as incurred. The Company incurred approximately $4.3 million, $5.2 million and $3.6 million of R&D costs during the years ended July 31, 2015, 2014 and 2013, respectively.

- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

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