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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2013
Cash Flows from Operating Activities      
Net income $ 4,478 $ 3,063 $ 2,559
Adjustments to reconcile net income to net cash (used in) provided by operating activities      
Depreciation 1,621 1,173 1,123
Amortization of intangible assets 1,232 876 680
Amortization of deferred financing costs 23 0 0
Provision for doubtful accounts receivable 53 338 207
Stock-based compensation 833 1,008 931
Deferred income taxes 94 1,836 (49)
(Gain) loss on sale of equipment 31 (10) 35
(Increases) decreases in:      
Accounts receivable 640 (406) (2,553)
Inventories 535 179 1,191
Prepaid expenses and other current assets 154 (221) (130)
Income taxes refundable 0 254 (254)
Increase (decrease) in:      
Accounts payable 1,105 (849) 845
Accrued expenses 602 (667) 603
Deferred revenue (1,288) (1,288) (1,288)
Income taxes payable (356) 380 (235)
Net cash provided by (used in) operating activities 9,757 5,666 3,665
Cash Flows from Investing Activities      
Proceeds on the sale of equipment 1 18 55
Purchase of property and equipment (1,225) (922) (550)
Acquisition of patents and other intangibles (230) (258) (412)
Acquisitions, less cash acquired (13,177) (1,387) (2,848)
Increase in cash value of life insurance (12) (11) (3)
Net cash used in investing activities (14,643) (2,560) (3,758)
Cash Flows from Financing Activities      
Deferred financing costs (102) 0 0
Proceeds from borrowings under the Term Loan Facility 2,750 0 0
Principal payments on long-term debt (275) 0 0
Tax benefit associated with the exercise of non-qualified stock options 16 38 72
Proceeds from the issuance of common stock 29 59 65
Net cash provided by financing activities 2,418 97 137
Foreign exchange rate effect on cash and cash equivalents (1,064) (230) (254)
Net increase (decrease) in cash and cash equivalents (3,532) 2,973 (210)
Cash and cash equivalents      
Beginning 15,443 12,470 12,680
Ending 11,911 15,443 12,470
Cash paid for:      
Interest 47 19 28
Income taxes (received) paid 1,589 (1,009) 1,568
Supplemental Schedule of Non-cash Investing and Financing Activity      
Purchase of equipment included in accounts payable $ 124 $ 17 $ 120