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Commitments and Contingencies (Tables)
 9 Months Ended
Apr. 30, 2017
Commitments and Contingencies  
Schedule of aggregate annual required payments over the next five years and thereafter under contractual obligations that have long-term components

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months

 

Year Ending July 31,

 

 

 

Ending July 31,

 

(Amounts in thousands)

 

 

 

2017

 

2018

 

2019

 

2020

 

2021

 

Thereafter

 

Total

 

Maturity of the credit facility

 

$

 —

 

$

 —

 

$

145,000

 

$

 —

 

$

 —

 

$

 —

 

$

145,000

 

Expected interest payments under the credit facility (1)

 

 

877

 

 
3,509

 

 

2,047

 

 

 —

 

 

 —

 

 

 —

 

 

6,433

 

Minimum commitments under noncancelable operating leases

 

 

1,791

 

 

5,965

 

 

5,056

 

 

3,681

 

 

2,625

 

 

3,652

 

 

22,770

 

Compensation agreements

 

 

1,775

 

 

6,034

 

 

1,149

 

 

498

 

 

377

 

 

583

 

 

10,416

 

Assumed contingent liability (2)

 

 

19

 

 

93

 

 

188

 

 

246

 

 

280

 

 

439

 

 

1,265

 

Other long-term obligations

 

 

88

 

 

267

 

 

101

 

 

12

 

 

 3

 

 

 —

 

 

471

 

Total contractual obligations

 

$

4,550

 

$

15,868

 

$

153,541

 

$

4,437

 

$

3,285

 

$

4,674

 

$

186,355

 

(1)

The expected interest payments under our credit facility reflect an interest rate of 2.42%, which was our weighted average interest rate on outstanding borrowings at April 30, 2017.

 

(2)

These future potential payments of an assumed contingent liability relate to the Jet Prep Acquisition, as further described in Note 7 to the Condensed Consolidated Financial Statements, and are reflected in the April 30, 2017 Condensed Consolidated Balance Sheet at its net present value of $1,138,000 using a discount rate of 2.5%.