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, 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 9   1,816     1,825
Net proceeds from Issuance of common stock (in Shares) 906,715         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         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          
Net (loss) for the year ended       (9,977)   (9,977)
Vesting of restricted stock 1         1
Vesting of restricted stock (in Shares) 82,968          
Share-based compensation charges     594     594
Net proceeds from Issuance of common stock 34   11,508     11,542
Net proceeds from Issuance of common stock (in Shares) 3,421,176          
Issuance of options in lieu of payment of cash bonuses     136     136
Issuance of common stock for employee 401(k) plan match 2   634     636
Issuance of common stock for employee 401(k) plan match (in Shares) 165,646         165,646
Foreign currency translation adjustments         (114) (114)
Balance at Jul. 31, 2014 $ 443   $ 317,160 $ (282,397) $ 1,744 $ 36,950
Balance (in Shares) at Jul. 31, 2014 44,239,183