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, 2012
Jul. 31, 2011
ASSETS    
Cash and cash equivalents $ 5,247 $ 14,161
Short term investments 10,000 10,000
Accounts receivable, net of allowances 13,891 15,245
Inventories 9,396 9,260
Prepaid expenses 2,338 2,733
Total current assets 40,872 51,399
Property, plant and equipment, net 9,184 10,335
Goodwill 26,684 27,373
Intangible assets, net 18,349 19,985
Other 434 382
Total assets 95,523 109,474
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable – trade 7,204 7,858
Accrued liabilities 8,626 8,188
Other current liabilities 495 1,683
Total current liabilities 16,325 17,729
Deferred taxes 2,688 2,934
Other 101 96
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: 39,141,353 at April 30, 2012 and 39,045,837 at July 31, 2011 391 390
Additional paid-in capital 303,764 305,833
Less treasury stock at cost: 216,556 shares at April 30, 2012 and 450,014 at July 31, 2011 (3,074) (6,387)
Accumulated deficit (227,040) (214,914)
Accumulated other comprehensive income 2,368 3,793
Total stockholders’ equity 76,409 88,715
Total liabilities and stockholders’ equity $ 95,523 $ 109,474