Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Cash flows from operating activities:    
Net loss $ (6,808) $ (15,135)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property, plant and equipment 1,628 2,003
Amortization of intangible assets 1,387 1,494
Provision for uncollectible accounts receivable 2,468 3,857
Income tax benefit (65) (280)
Share based compensation charges 497 437
Accrual for share based 401(k) employer match 472 496
Foreign currency transaction (gain) (454) (73)
Changes in operating assets and liabilities:    
Accounts receivable (2,482) (2,884)
Inventories (144) (442)
Prepaid expenses and other 385 264
Accounts payable – trade (1,063) 178
Accrued liabilities, other current liabilities and other liabilities 1,445 1,569
Total adjustments 4,074 6,619
Net cash used in operating activities (2,734) (8,516)
Cash flows from investing activities:    
Capital expenditures (570) (772)
Security deposits and other 46 (72)
Net cash used in investing activities (524) (844)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 9,455 3
Proceeds from borrowings under Credit Agreement 56,826  
Repayments under Credit Agreement (57,077)  
Installment loan and capital lease obligation payments (280) (187)
Net cash provided by (used in) financing activities 8,924 (184)
Effect of exchange rate changes on cash and cash equivalents 131 112
Increase (decrease) in cash and cash equivalents 5,797 (9,432)
Cash and cash equivalents - beginning of period 9,007 15,076
Cash and cash equivalents - end of period $ 14,804 $ 5,644