SHARE-BASED PAYMENTS

6 Months Ended

Jan. 31, 2013

(7) SHARE-BASED PAYMENTS

The following table summarizes share-based compensation expense related to employee stock options, employee stock purchases and nonvested shares for the three and six months ended January 31, 2013 and 2012, which was allocated as follows:


	Three Months Ended January 31,				Six Months Ended January 31,
	2013		2012		2013		2012
	(In thousands)
Cost of revenue	$	61	$	80	$	111	$	176
Selling, general and administrative		361		918		804		1,704

	$	422	$	998	$	915	$	1,880

During the three months ended January 31, 2013, 171,248 nonvested shares were granted to members of the Company’s Board of Directors at a fair value of $3.27 per share, as part of their fiscal year 2013 compensation. The fair value of nonvested shares is determined based on the market price of the Company’s common stock on the grant date.

- Definition

The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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