Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Cash flows from operating activities:    
Net (loss) income $ (1,474) $ 4,434
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization of property, plant and equipment 515 527
Amortization of intangible assets 412 423
Provision for uncollectible accounts receivable 669 704
Deferred income tax benefit   (3)
Share-based compensation charges 151 111
Accrual for share-based 401(k) employer match expense 177 166
Foreign exchange loss 349 129
Changes in operating assets and liabilities:    
Accounts receivable (150) (1,376)
Other receivables   6,650
Inventories (298) (210)
Prepaid expenses and other 137 442
Accounts payable – trade (522) 682
Accrued liabilities, other current liabilities and other liabilities (299) 474
Total adjustments 1,141 8,719
Net cash (used in) provided by operating activities (333) 13,153
Cash flows from investing activities:    
Capital expenditures (514) (505)
Security deposits and other   (15)
Net cash used in investing activities (514) (490)
Cash flows from financing activities:    
Proceeds from borrowings under Credit Agreement 24,297 22,461
Repayments under Credit Agreement (23,854) (22,461)
Installment loan and capital lease obligation payments (146) (125)
Proceeds from the exercise of stock options 6  
Net cash provided by (used in) financing activities 303 (125)
Effect of exchange rate changes on cash and cash equivalents (19) (5)
Increase (decrease) in cash and cash equivalents (563) 12,533
Cash and cash equivalents - beginning of period 67,777 18,109
Cash and cash equivalents - end of period $ 67,214 $ 30,642