Exit Costs

12 Months Ended

Jul. 31, 2015

Exit Costs [Abstract]

Exit Costs

Note 2. Exit Costs

    On October 1, 2013, the Company announced plans to close its King of Prussia, Pennsylvania facility and consolidate the manufacturing operations into its existing facility in O’Fallon, Missouri. The Company concluded manufacturing at this facility in February 2015. Costs are recognized in “Exit costs” in the consolidated statements of income and comprehensive income.  As of July 31, 2015 and 2014, the Company had a current liability of $0 and $112,000, respectively, for employee termination benefits in accrued expenses.

(dollars in thousands)	Twelve Months Ended July 31,				Cumulative as of July  31, 2015		Total Expected  to be Incurred
	2015		2014
Employee termination costs	$	304	$	615	$	919	$	919
Other associated costs		415		67		482		482
	$	719	$	682	$	1,401	$	1,401

	Termination Costs
Exit liabilities at August 1, 2013	$	--
Additions		682
Payments/settlements		(570	)
Exit liabilities at July 31, 2014	$	112
Additions		126
Payments/settlements		(238	)
Exit liabilities at July 31, 2015	$	--