Selected Quarterly Financial Information

12 Months Ended

Jul. 31, 2014

Selected Quarterly Financial Information

(21) SELECTED QUARTERLY FINANCIAL INFORMATION (Unaudited)

The following table sets forth selected quarterly financial information for the fiscal years ended July 31, 2014 and 2013. The operating results for any given quarter are not necessarily indicative of results for any future period.

	Years Ended											Years Ended
	Oct. 31, ‘13			Jan. 31, ‘14		Apr. 30, ‘14			Jul. 31, ‘14			Oct. 31, ‘12			Jan. 31, ‘13			Apr. 30, ‘13			Jul. 31, ‘13
	(In thousands, except per share data)											(In thousands, except per share data)
Net revenue	$	191,415		$	194,011	$	173,274		$	164,700		$	197,051		$	203,436		$	173,016		$	181,001
Cost of revenue		169,420			171,431		157,575			150,249			178,427			183,158			157,641			160,908
Gross profit		21,995			22,580		15,699			14,451			18,624			20,278			15,375			20,093
Total operating expenses		19,374			21,345		20,837			18,618			25,895			28,804			22,135			25,768
Operating income (loss)		2,621			1,235		(5,138	)		(4,167	)		(7,271	)		(8,526	)		(6,760	)		(5,675	)
Total other income (expense)		(812	)		581		(3,640	)		(2,226	)		(1,340	)		(2,491	)		(677	)		(1,196	)
Income tax expense (benefit)		1,137			753		700			2,092			909			674			392			1,804
Equity in losses of affiliates, net of tax		(134	)		—		—			—			(311	)		(726	)		(418	)		(160	)
Income (loss) from continuing operations		538			1,063		(9,478	)		(8,485	)		(9,831	)		(12,417	)		(8,247	)		(8,835	)
Income (Loss) from discontinued operations		79			1		—			—			(827	)		(133	)		(59	)		(6	)
Net income (loss)	$	617		$	1,064	$	(9,478	)	$	(8,485	)	$	(10,658	)	$	(12,550	)	$	(8,306	)	$	(8,841	)
Basic and diluted earnings -loss) per share:
Income (loss) from continuing operations	$	0.01		$	0.02	$	(0.18	)	$	(0.16	)	$	(0.22	)	$	(0.29	)	$	(0.17	)	$	(0.17	)
Income (loss) from discontinued operations		—			—		—			—			(0.02	)		—			—			—
Net income (loss)	$	0.01		$	0.02	$	(0.18	)	$	(0.16	)	$	(0.24	)	$	(0.29	)	$	(0.17	)	$	(0.17	)