XML 46 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income taxes (Tables)
12 Months Ended
Jul. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] The benefit (provision) for income taxes for fiscal years ended July 31 is as follows:

   2016   2015   2014 
Current (provision) benefit:               
Federal   $(968)  $   $ 
State and local    (276)   (72)   (68)
Foreign    (45)   (25)   (22)
Deferred benefit    60    104    18 
Benefit (provision) for income taxes   $(1,229)  $7   $(72)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] Deferred tax assets and liabilities arise from temporary differences between the tax basis of assets and liabilities

   2016   2015 
Deferred tax assets:          
Federal tax carryforward losses   $18,964   $35,411 
Provision for uncollectible accounts receivable    1,406    685 
State and local tax carry forward losses    2,757    2,661 
Accrued royalties    146    144 
Stock compensation    616    99 
Depreciation    769    618 
Research and development and other tax credit carryforwards    2,152    1,134 
Foreign tax carryforward losses    2,046    1,476 
Intangibles    2,915    2,951 
Inventory    2,477    2,558 
Accrued expenses    1,321    2,627 
Unrealized foreign exchange    100    98 
Other, net    63    18 
Deferred tax assets    35,732    50,480 
           
Deferred tax liabilities:          
Deferred patent costs        (152)
Prepaid expenses    (820)   (676)
Other, net        (31)
Deferred tax liabilities    (820)   (859)
           
Net deferred tax assets before valuation allowance    34,912    49,621 
Less: valuation allowance    (34,912)   (49,658)
Net deferred tax liabilities   $   $(37)
Schedule of Deferred Tax Liabilities Included In Consolidated Balance Sheets [Table Text Block] Net deferred tax liabilities are included in the consolidated balance sheets as of July 31 as follows:

   2016   2015 
Deferred taxes:          
Current   $   $ 
Non-current        37 
   $   $37 
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] The components of income (loss) before income taxes consisted of the following for the years ended July 31:

   2016   2015   2014 
United States operations   $48,847   $(615)  $(8,702)
International operations    (2,332)   (1,677)   (1,203)
Income (loss) before taxes   $46,515   $(2,292)  $(9,905)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] The (provision) benefit for income taxes was at rates different from U.S. federal statutory rates for the following reasons for the years ended July 31:

   2016   2015   2014 
Federal statutory rate    (34.0)%   34.0%   34.0%
Penalties and other expenses not deductible for income tax return purposes    (1.1)   (18.6)   (6.6)
State income taxes, net of benefit of federal tax deduction    (0.4)   (0.5)   0.2 
Change in valuation allowance    32.9    (15.2)   (16.5)
State tax law change            (12.3)
Other        0.6    0.5 
    (2.6)%   0.3%   (0.7)%