Acquisitions (Tables)

12 Months Ended

Jul. 31, 2015

Acquisitions [Abstract]

Net assets and liabilities acquired

The amounts of identifiable assets acquired and liabilities assumed as of December 10, 2014 are set forth below at the exchange rate in effect at that date (dollars in thousands):

Accounts receivable	$	715
Inventory		1,617
Other current assets		138
Property, plant and equipment		2,187
In-process R&D		343
Tradenames		2,894
Customer relationships		4,999
Other amortizable intangibles		1,026
Goodwill		4,519
Total assets	$	18,438
Current liabilities	$	827
Deferred tax liabilities		1,597
Total liabilities	$	2,424
Net assets acquired	$	16,014

Pro forma financial information

These unaudited pro forma results  are provided for illustrative purposes only and are not necessarily indicative of either the historical results that would have been attained if this acquisition had actually occurred during these periods, or of the results that will be attained in the future as a result of this acquisition (in thousands):

	Fiscal Year Ended July 31,
Pro Forma (unaudited)	2015		2014
Net Sales	$	77,629	$	70,208
Net Income	$	4,888	$	2,579
Basic earnings per share	$	0.19	$	0.10
Diluted earnings per share	$	0.19	$	0.10