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
Jan. 31, 2013
Jul. 31, 2012
ASSETS    
Cash and cash equivalents $ 10,023 $ 15,076
Accounts receivable, net of allowances 12,580 14,135
Inventories 9,300 8,800
Prepaid expenses 2,214 2,357
Total current assets 34,117 40,368
Property, plant and equipment, net 9,252 9,116
Goodwill (in Dollars) 7,452 7,452
Intangible assets, net 10,974 11,780
Other 431 407
Total assets 62,226 69,123
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable – trade 8,962 9,020
Accrued liabilities 11,201 9,818
Other current liabilities 281 118
Total current liabilities 20,444 18,956
Deferred taxes 727 938
Other liabilities 765 128
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: 39,592,612 at January 31, 2013 and 39,495,475 at July 31, 2012 396 395
Additional paid-in capital 304,659 304,358
Less treasury stock at cost: 216,556 shares at January 31, 2013 and July 31, 2012 (3,074) (3,074)
Accumulated deficit (263,548) (254,183)
Accumulated other comprehensive income 1,857 1,605
Total stockholders’ equity 40,290 49,101
Total liabilities and stockholders’ equity $ 62,226 $ 69,123