Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
In Thousands, except Share data
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total
Balance at Jul. 31, 2010 $ 388 $ (8,854) $ 306,561 $ (201,954) $ 875 $ 97,016
Balance (in Shares) at Jul. 31, 2010 38,782,725 623,848        
Net (loss) for the year ended       (12,960)   (12,960)
Vesting of restricted stock 2         2
Vesting of restricted stock (in Shares) 263,112          
Share based compensation charges     1,049     1,049
Issuance of treasury stock for employee 401(k) plan match   2,467 (1,777)     690
Issuance of treasury stock for employee 401(k) plan match (in Shares)   (173,834)        
Foreign currency translation adjustments         2,918 2,918
Balance at Jul. 31, 2011 390 (6,387) 305,833 (214,914) 3,793 88,715
Balance (in Shares) at Jul. 31, 2011 39,045,837 450,014        
Net (loss) for the year ended       (39,269)   (39,269)
Vesting of restricted stock 2         2
Vesting of restricted stock (in Shares) 174,638          
Share based compensation charges     719     719
Issuance of treasury stock for employee 401(k) plan match   3,313 (2,664)     649
Issuance of treasury stock for employee 401(k) plan match (in Shares)   (233,458)        
Issuance of common stock for services 3   470     473
Issuance of common stock for services (in Shares) 275,000          
Foreign currency translation adjustments         (2,188) (2,188)
Balance at Jul. 31, 2012 395 (3,074) 304,358 (254,183) 1,605 49,101
Balance (in Shares) at Jul. 31, 2012 39,495,475 216,556        
Net (loss) for the year ended       (18,237)   (18,237)
Vesting of restricted stock 2         2
Vesting of restricted stock (in Shares) 157,784          
Share based compensation charges     545     545
Net proceeds from Issuance of common stock (net of expenses of $224) 9   1,816     1,825
Net proceeds from Issuance of common stock (net of expenses of $224) (in Shares) 906,715          
Issuance of treasury stock for employee 401(k) plan match   3,074 (2,458)     616
Issuance of treasury stock for employee 401(k) plan match (in Shares)   (216,556)        
Issuance of common stock for employee 401(k) plan match     27     27
Issuance of common stock for employee 401(k) plan match (in Shares) 9,419          
Foreign currency translation adjustments         253 253
Balance at Jul. 31, 2013 $ 406   $ 304,288 $ (272,420) $ 1,858 $ 34,132
Balance (in Shares) at Jul. 31, 2013 40,569,393