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
Apr. 30, 2013
Jul. 31, 2012
ASSETS    
Cash and cash equivalents $ 5,644 $ 15,076
Accounts receivable, net of allowances 13,188 14,135
Inventories 9,271 8,800
Prepaid expenses and other 2,250 2,357
Total current assets 30,353 40,368
Property, plant and equipment, net 8,928 9,116
Goodwill 7,452 7,452
Intangible assets, net 10,416 11,780
Other 479 407
Total assets 57,628 69,123
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable – trade 9,185 9,020
Accrued liabilities 11,234 9,818
Other current liabilities 313 118
Total current liabilities 20,732 18,956
Deferred taxes 671 938
Other liabilities 803 128
Total liabilities 22,206 20,022
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: 39,676,518 at April 30, 2013 and 39,495,475 at July 31, 2012 397 395
Additional paid-in capital 302,525 304,358
Less treasury stock at cost: 216,566 shares at July 31, 2012   (3,074)
Accumulated deficit (269,318) (254,183)
Accumulated other comprehensive income 1,818 1,605
Total stockholders’ equity 35,422 49,101
Total liabilities and stockholders’ equity $ 57,628 $ 69,123