Basis of Presentation (Tables)

6 Months Ended

Jan. 31, 2013

Transactions Related to Notes Payable

The following represents transactions related to the note payable for the six months ended January 31, 2013 (in thousands):

Beginning fair value - August 1, 2012	$	3,486
Imputed interest		254
Change in estimates		(537	)
Interest benefit		(283	)
Payments		(173	)
Ending fair value - January 31, 2013	$	3,030