Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Oct. 31, 2012
Jul. 31, 2012
ASSETS    
Cash and cash equivalents $ 13,401 $ 15,076
Accounts receivable, net of allowances 14,003 14,135
Inventories 8,671 8,800
Prepaid expenses 2,102 2,357
Total current assets 38,177 40,368
Property, plant and equipment, net 9,505 9,116
Goodwill 7,452 7,452
Intangible assets, net 11,420 11,780
Other 451 407
Total assets 67,005 69,123
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable – trade 7,871 9,020
Accrued liabilities 11,700 9,818
Other current liabilities 264 118
Total current liabilities 19,835 18,956
Deferred taxes 739 938
Other liabilities 719 128
Commitments and contingencies      
Stockholders’ equity:    
Preferred Stock, $.01 par value; authorized 25,000,000 shares; no shares issued or outstanding      
Common Stock, $.01 par value; authorized 75,000,000 shares; shares issued: 39,495,975 at October 31, 2012 and 39,495,475 at July 31, 2012 395 395
Additional paid-in capital 304,500 304,358
Less treasury stock at cost: 216,556 shares at October 31, 2012 and July 31, 2012 (3,074) (3,074)
Accumulated deficit (257,874) (254,183)
Accumulated other comprehensive income 1,765 1,605
Total stockholders’ equity 45,712 49,101
Total liabilities and stockholders’ equity $ 67,005 $ 69,123