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
Jan. 31, 2012
Jul. 31, 2011
ASSETS    
Cash and cash equivalents $ 8,589 $ 14,161
Short term investments 10,000 10,000
Accounts receivable, net of allowances 13,404 15,245
Inventories 9,391 9,260
Prepaid expenses 2,390 2,733
Total current assets 43,774 51,399
Property, plant and equipment, net 9,415 10,335
Goodwill 26,580 27,373
Intangible assets, net 18,636 19,985
Other 353 382
Total assets 98,758 109,474
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable – trade 7,819 7,858
Accrued liabilities 8,763 8,188
Other current liabilities 514 1,683
Total current liabilities 17,096 17,729
Deferred taxes 2,698 2,934
Other 123 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: 39,075,422 at January 31, 2012 and 39,045,837 at July 31, 2011 391 390
Additional paid-in capital 306,263 305,833
Less treasury stock at cost: 450,014 shares at January 31, 2012 and at July 31, 2011 (6,387) (6,387)
Accumulated deficit (223,629) (214,914)
Accumulated other comprehensive income 2,203 3,793
Total stockholders’ equity 78,841 88,715
Total liabilities and stockholders’ equity $ 98,758 $ 109,474