Supplemental disclosure for statement of cash flows

12 Months Ended

Jul. 31, 2016

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

Note 3 - Supplemental disclosure for statement of cash flows

In the years ended July 31, 2016, 2015, and 2014, income taxes paid by the Company approximated $279, $115, and $44 respectively.

In the years ended July 31, 2016, 2015, and 2014, interest paid by the Company approximated $121, $206, and $208 respectively.

During fiscal 2016, 2015 and 2014, the Company financed $95, $346 and $392, respectively, in machinery and transportation equipment under installment loans.

During fiscal 2016 and 2015, the Company entered into capital lease agreements for machinery and equipment with a cost basis of $1,280 and $155, respectively. During fiscal 2014, the Company did not enter into any capital lease agreements.

During fiscal 2015 and 2014, the Company recorded $45 and $136, respectively, in additional paid in capital and reduced accrued liabilities by the same amount for options issued in lieu of cash payment of certain incentive compensation awards. There were no such transactions recorded during fiscal 2016.

During fiscal 2016, 2015 and 2014, the Company issued shares of common stock in connection with its share-based 401(k) employer match and recorded expense in the amount of $709, $663 and $636, respectively.