Quarterly report pursuant to Section 13 or 15(d)

Supplemental disclosure for statement of cash flows

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Supplemental disclosure for statement of cash flows
9 Months Ended
Apr. 30, 2018
Supplemental Cash Flow Elements [Abstract]  
Cash Flow, Supplemental Disclosures [Text Block]

Note 3 - Supplemental disclosure for statement of cash flows


For the nine months ended April 30, 2018 and 2017, income taxes paid by the Company were $65 and $1,021, respectively. 


For the nine months ended April 30, 2018 and 2017, interest paid by the Company was $61 and $99, respectively.


For the nine months ended April 30, 2018 and 2017, the Company financed $0 and $69 respectively, in machinery and transportation equipment under installment loans. 


During the nine months ended April 30, 2018 certain officers of the Company exercised 340,898 stock options in non-cash transactions. The officers surrendered 106,911 shares of the Company’s common stock to exercise the stock options. The Company recorded approximately $1,014, the market value of the surrendered shares, as treasury stock.


During the nine months ended April 30, 2018, the Company contributed its treasury stock and issued common stock in connection with its share-based 401(k) employer match in the amount of $782. For the 2017 period, the Company issue shares of common stock in the amount of $724.