Fair Value Measurements (Tables)

9 Months Ended

Apr. 30, 2017

Fair Value Measurements

Schedule of fair values of financial instruments measured on a recurring basis

	April 30, 2017
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents:
Money markets	$	724,000	$	—	$	—	$	724,000
Total assets	$	724,000		—	$	—	$	724,000
Liabilities:
Accrued expenses:
Assumed contingent obligation	$	—	$	—	$	12,000	$	12,000
Other long-term liabilities:
Assumed contingent obligation		—		—		1,126,000		1,126,000
Total liabilities	$	—	$	—	$	1,138,000	$	1,138,000

	July 31, 2016
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents:
Money markets	$	740,000	$	—	$	—	$	740,000
Total assets	$	740,000		—	$	—	$	740,000
Liabilities:
Accrued expenses:
Assumed contingent obligation	$	—	$	—	$	12,000	$	12,000
Contingent guaranteed obligation		—		—		366,000		366,000
Total accrued expenses		—		—		378,000		378,000
Other long-term liabilities:
Assumed contingent obligation		—		—		1,126,000		1,126,000
Contingent guaranteed obligation		—		—		75,000		75,000
Total other long-term liabilities:		—		—		1,201,000		1,201,000
Total liabilities	$	—	$	—	$	1,579,000	$	1,579,000

Reconciliation of liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3)

			Jet Prep		Cantel Medical (UK)
	Jet Prep		Assumed		Contingent
	Contingent		Contingent		Guaranteed
	Consideration		Obligation		Obligation		Total
Balance, July 31, 2015	$	751,000	$	1,138,000	$	888,000	$	2,777,000
Total net unrealized (gains) losses included in general and administrative expense in earnings		(612,000)		—		20,000		(592,000)
Settlements		—		—		(120,000)		(120,000)
Foreign currency translation		—		—		(15,000)		(15,000)
Balance, October 31, 2015		139,000		1,138,000		773,000		2,050,000
Total net unrealized losses included in general and administrative expense in earnings		4,000		—		17,000		21,000
Settlements		—		—		(100,000)		(100,000)
Foreign currency translation		—		—		(53,000)		(53,000)
Balance, January 31, 2016		143,000		1,138,000		637,000		1,918,000
Total net unrealized losses included in general and administrative expense in earnings		5,000		—		15,000		20,000
Settlements		—		—		(95,000)		(95,000)
Foreign currency translation		—		—		12,000		12,000
Balance, April 30, 2016		148,000		1,138,000		569,000		1,855,000
Total net unrealized (gains) losses included in general and administrative expense in earnings		(148,000)		—		12,000		(136,000)
Settlements		—		—		(196,000)		(196,000)
Foreign currency translation		—		—		56,000		56,000
Balance, July 31, 2016		—		1,138,000		441,000		1,579,000
Total net unrealized losses included in general and administrative expense in earnings		—		—		9,000		9,000
Settlements		—		—		(70,000)		(70,000)
Foreign currency translation		—		—		(31,000)		(31,000)
Balance, October 31, 2016		—		1,138,000		349,000		1,487,000
Total net unrealized losses included in general and administrative expense in earnings		—		—		9,000		9,000
Settlements		—		—		(47,000)		(47,000)
Foreign currency translation		—		—		12,000		12,000
Balance, January 31, 2017		—		1,138,000		323,000		1,461,000
Total net unrealized gains included in general and administrative expense in earnings		—		—		(283,000)		(283,000)
Settlements		—		—		(48,000)		(48,000)
Foreign currency translation		—		—		8,000		8,000
Balance, April 30, 2017	$	—	$	1,138,000	$	—	$	1,138,000