BASIS OF PRESENTATION	6 Months Ended
Jan. 31, 2013
BASIS OF PRESENTATION	(2) BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of a normal recurring nature) considered necessary for fair presentation have been included. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and related notes for the year ended July 31, 2012, which are contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on January 11, 2013. The results for the three and six months ended January 31, 2013 are not necessarily indicative of the results to be expected for the full fiscal year. All significant intercompany transactions and balances have been eliminated in consolidation. As discussed further in Note 5, Discontinued Operations, the Company sold substantially all of the assets of the Tech For Less LLC (“TFL”) business on January 11, 2013. The Company determined that the sale of TFL qualified for discontinued operations presentation in the accompanying condensed consolidated financial statements. Accordingly, the remaining assets and liabilities of TFL, and the results of its operations and its cash flows have been reclassified to discontinued operations in each respective financial statement. The Company considers events or transactions that occur after the balance sheet date but before the issuance of financial statements to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. For the period ended January 31, 2013, the Company evaluated subsequent events for potential recognition and disclosure through the date these financial statements were filed. See Note 18, Subsequent Events, for further details.

(2) BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of a normal recurring nature) considered necessary for fair presentation have been included. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and related notes for the year ended July 31, 2012, which are contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on January 11, 2013. The results for the three and six months ended January 31, 2013 are not necessarily indicative of the results to be expected for the full fiscal year.

All significant intercompany transactions and balances have been eliminated in consolidation.

As discussed further in Note 5, Discontinued Operations, the Company sold substantially all of the assets of the Tech For Less LLC (“TFL”) business on January 11, 2013. The Company determined that the sale of TFL qualified for discontinued operations presentation in the accompanying condensed consolidated financial statements. Accordingly, the remaining assets and liabilities of TFL, and the results of its operations and its cash flows have been reclassified to discontinued operations in each respective financial statement.

The Company considers events or transactions that occur after the balance sheet date but before the issuance of financial statements to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. For the period ended January 31, 2013, the Company evaluated subsequent events for potential recognition and disclosure through the date these financial statements were filed. See Note 18, Subsequent Events, for further details.