Liquidation Basis of Accounting (Tables)

12 Months Ended

Jul. 31, 2014

Reserve for Estimated Costs

The table below summarizes the reserve for estimated costs during the Dissolution period as of July 31, 2014 and July 31, 2013 (in thousands):

	July 31, 2014		July 31, 2013
Compensation	$	1,004	$	2,396
Professional fees		1,154		2,637
Other expenses associated with wind down activities		1,010		1,970
Insurance		294		1,333
	$	3,462	$	8,336

Adjustments to Record Assets at Their Estimated Net Realizable Values

Upon transition to the liquidation basis of accounting on March 24, 2013, the Company recorded the following adjustments to record assets at their estimated realizable values:

Initial adjustment of assets to estimated realizable value	Amount
Write up of assets	$	3,393
Write down of assets		(510	)
	$	2,883

Accrued Costs Expected to be Incurred in Liquidation

Upon transition to the liquidation basis of accounting, the Company accrued the following costs expected to be incurred in the Dissolution:

Accrued costs of liquidation	Amount
Restructuring	$	3,309
Compensation		3,539
Professional fees		3,672
Other expenses associated with wind down activities		2,725
Insurance		1,500
	$	14,745