Acquisitions (Tables)

12 Months Ended

Jul. 31, 2021

AcquistionsLineItem [Line Items]

Schedule of Acquisition Date Fair Value of Consideration

The acquisition date fair value of the consideration consisted of the following (in thousands):

(in thousands)
Cash paid	$	2,732
Cash acquired		(344	)
Cash paid, net of cash acquired		2,388
Contingent consideration		393
Total fair value of consideration, net of cash acquired	$	2,781

Schedule of Impact of Acquisition's Purchase Price Allocations on Consolidated Balance Sheet

The impact of the acquisition’s purchase price allocations on the Company’s consolidated balance sheet was as follows:

(in thousands)
Trade accounts receivable	$	656
Prepaid expenses		1,644
Property, plant, and equipment		75
Goodwill		2,025
Customer relationships (15-year useful life)		1,960
Tradenames (20-year useful life)		440
Deferred income tax assets		197
Other assets		30
Trade accounts payable		(1,306	)
Accrued expenses		(423	)
Other current liabilities		(329	)
Noncontrolling interests		(2,188	)
Net assets acquired excluding cash	$	2,781

Ringsouth Europa SL [Member]

AcquistionsLineItem [Line Items]

Schedule of Acquisition Date Fair Value of Consideration

The acquisition date fair value of the consideration consisted of the following:

(in thousands)
Cash paid	$	450
Contingent consideration		375
Total fair value of consideration	$	825

Schedule of Impact of Acquisition's Purchase Price Allocations on Consolidated Balance Sheet

The impact of the acquisition’s purchase price allocations on the Company’s consolidated balance sheet was as follows:

(in thousands)
Trade accounts receivable	$	142
Other current assets		21
Property, plant, and equipment		84
Goodwill		1,437
Non-compete agreement (4-year useful life)		50
Customer relationships (7-year useful life)		130
Tradename (2-year useful life)		30
Deferred income tax assets		118
Other assets		10
Trade accounts payable		(302	)
Accrued expenses		(136	)
Other current liabilities		(408	)
Other liabilities		(351	)
Net assets acquired	$	825