RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

3 Months Ended

Oct. 31, 2012

Restatement of Condensed Consolidated Statements of Operations

The effects of the restatement adjustments on the Company’s unaudited condensed consolidated statements of operations for the three months ended October 31, 2011 are as follows:

	Three months ended
	October 31, 2011 (Unaudited)
	As			Restatement			Restatement
	Previously			Pricing			Other			As
	Reported			Adjustments			Adjustments			Restated
Net revenue	$	206,151			(417	)		174		$	205,908
Cost of revenue		180,658			—			(221	)		180,437
Gross profit		25,493			(417	)		395			25,471
Operating expenses:
Selling, general and administrative		22,198			—			—			22,198
Amortization of intangible assets		332			—			—			332
Impairment of goodwill and long-lived assets		—			—			—			—
Restructuring, net		755			—			—			755
Total operating expenses		23,285			—			—			23,285
Operating income (loss)		2,208			(417	)		395			2,186
Other income (expense):
Interest income		122			—			—			122
Interest expense		(88	)		—			(2	)		(90	)
Other gains		1,225			—			—			1,225
Equity in losses of affiliates and impairments		(427	)		—			—			(427	)
		832			—			(2	)		830
Income (loss) from continuing operations before income taxes		3,040			(417	)		393			3,016
Income tax expense		1,871			—			—			1,871
Income (loss) from continuing operations		1,169			(417	)		393			1,145
Discontinued operations, net of income taxes:
Income (loss) from discontinued operations		—			—			—			—
Net income (loss)	$	1,169		$	(417	)	$	393		$	1,145
Basic and diluted income (loss) per share:
Income (loss) from continuing operations	$	0.03		$	(0.01	)	$	0.01		$	0.03
Income (loss) from discontinued operations		—			—			—			—
Net income (loss)	$	0.03		$	(0.01	)	$	0.01		$	0.03
Shares used in computing basic loss per share:		43,315			—			—			43,315
Shares used in computing diluted loss per share:		43,318			—			—			43,318

Restatement of Condensed Consolidated Statement of Cash Flows

The effects of the restatement adjustments on the Company’s unaudited condensed consolidated statement of cash flows for the three months ended October 31, 2011 are as follows:

	Three months ended
	October 31, 2011 (Unaudited)
	As			Restatement			Restatement
	Previously			Pricing			Other			As
	Reported			Adjustments			Adjustments			Restated
Cash flows from operating activities of continuing operations:
Net income	$	1,169		$	(417	)	$	393		$	1,145
Adjustments to reconcile net income to net cash provided by continuing operations:
Depreciation		3,735			—			13			3,748
Amortization of intangible assets		332			—			—			332
Share-based compensation		882			—			—			882
Non-operating gains, net		(1,225	)		—			—			(1,225	)
Equity in losses of affiliates and impairments		427			—			—			427
Changes in operating assets and liabilities:
Trade accounts receivable, net		(42,894	)		—			—			(42,894	)
Inventories		(18,470	)		—			(219	)		(18,689	)
Prepaid expenses and other current assets		315			—			—			315
Accounts payable, accrued restructuring and accrued expenses		57,000			—			—			57,000
Refundable and accrued income taxes, net		645			—			—			645
Other assets and liabilities		3,304			417			(173	)		3,548
Net cash provided by operating activities of continuing operations		5,220			—			14			5,234
Cash flows from investing activities of continuing operations:
Additions to property and equipment		(1,750	)		—			—			(1,750	)
Investments in affiliates		(1,052	)		—			—			(1,052	)
Net cash used in investing activities of continuing operations		(2,802	)		—			—			(2,802	)
Cash flows from financing activities of continuing operations:
Repayments on capital lease obligations		(15	)		—			(14	)		(29	)
Proceeds from issuance of common stock		29			—			—			29
Repurchase of common stock		(173	)		—			—			(173	)
Net cash used in financing activities of continuing operations		(159	)		—			(14	)		(173	)
Cash flows from discontinued operations:
Operating cash flows		(386	)		—			—			(386	)
Net cash used in discontinued operations		(386	)		—			—			(386	)
Net effect of exchange rate changes on cash and cash equivalents		(1,572	)		—			—			(1,572	)
Net increase in cash and cash equivalents		301			—			—			301
Cash and cash equivalents at beginning of year		111,225			—			—			111,225
Cash and cash equivalents at end of year	$	111,526		$	—		$	—		$	111,526