XML 68 R49.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jul. 31, 2017
Income Taxes [Abstract] |
Components of (loss) income before income taxes |
Year ended July 31 (in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Domestic |  | $ | (3,161 | ) |  | $ | 11,278 |  |  | $ | 7,538 |
Foreign |  |  | 10,781 |  |  |  | 18,190 |  |  |  | 84,665 |
INCOME BEFORE INCOME TAXES |  | $ | 7,620 |  |  | $ | 29,468 |  |  | $ | 92,203 |
Schedule of deferred income tax assets |
July 31 (in thousands) |  | 2017 |  |  | 2016 |
Deferred income tax assets: |  |  |  |  |  |
Bad debt reserve |  | $ | 535 |  |  | $ | 575 |
Accrued expenses |  |  | 7,888 |  |  |  | 5,327 |
Stock options and restricted stock |  |  | 1,608 |  |  |  | 1,802 |
Charitable contributions |  |  | 1,768 |  |  |  | 1,527 |
Impairment |  |  | 27,944 |  |  |  | 25,746 |
Depreciation |  |  | 4,438 |  |  |  | 6,785 |
Unrealized gain |  |  | 317 |  |  |  | 193 |
Net operating loss |  |  | 122,260 |  |  |  | 122,849 |
Credits |  |  | 2,899 |  |  |  | 3,192 |
Total deferred income tax assets |  |  | 169,657 |  |  |  | 167,996 |
Valuation allowance |  |  | (157,816 | ) |  |  | (158,442 | )
Deferred tax assets, net of valuation allowance |  |  | 11,841 |  |  |  | 9,554 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |
Unrealized loss |  |  | — |  |  |  | 42 |
NET DEFERRED INCOME TAX ASSETS |  | $ | 11,841 |  |  | $ | 9,512 |
Schedule of benefit from (provision for) income taxes |
Year ended July 31 (in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | (83 | ) |  | $ | — |
State and local |  |  | (26 | ) |  |  | (30 | ) |  |  | — |
Foreign |  |  | (282 | ) |  |  | (185 | ) |  |  | (311 | )
|  |  | (308 | ) |  |  | (298 | ) |  |  | (311 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (9,536 | ) |  |  | (3,148 | ) |  |  | (1,967 | )
State and local |  |  | (66 | ) |  |  | (51 | ) |  |  | (245 | )
Foreign |  |  | 11,931 |  |  |  | (613 | ) |  |  | (3,565 | )
|  |  | 2,329 |  |  |  | (3,812 | ) |  |  | (5,777 | )
BENEFIT FROM (PROVISION FOR) INCOME TAXES |  | $ | 2,021 |  |  | $ | (4,110 | ) |  | $ | (6,088 | )
Schedule of U.S. federal statutory income tax rate and income taxes provided |
Year ended July 31 (in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
U.S. federal income tax at statutory rate |  | $ | (2,667 | ) |  | $ | (10,314 | ) |  | $ | (32,271 | )
Valuation allowance |  |  | 626 |  |  |  | — |  |  |  | — |
Foreign tax rate differential |  |  | 3,107 |  |  |  | 6,035 |  |  |  | 25,757 |
Nondeductible expenses |  |  | 457 |  |  |  | 487 |  |  |  | 659 |
Other |  |  | 64 |  |  |  | (67 | ) |  |  | (73 | )
Prior year tax benefit (expense) |  |  | 494 |  |  |  | (231 | ) |  |  | — |
State and local income tax, net of federal benefit |  |  | (60 | ) |  |  | (20 | ) |  |  | (160 | )
BENEFIT FROM (PROVISION FOR) INCOME TAXES |  | $ | 2,021 |  |  | $ | (4,110 | ) |  | $ | (6,088 | )
Schedule of change in the valuation allowance |
Year ended July 31 (in thousands) |  | Balance at beginning of year |  |  | Additions charged to costs and expenses |  |  | Deductions |  |  | Balance at end of year |
2017 |  |  |  |  |  |  |  |  |  |  |  |
Reserves deducted from deferred income taxes, net: |  |  |  |  |  |  |  |  |  |  |  |
Valuation allowance |  | $ | 158,442 |  |  | $ | 16,017 |  |  | $ | (16,643 | ) |  | $ | 157,816 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserves deducted from deferred income taxes, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Valuation allowance |  | $ | 155,393 |  |  | $ | 3,049 |  |  | $ | — |  |  | $ | 158,442 |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserves deducted from deferred income taxes, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Valuation allowance |  | $ | 151,975 |  |  | $ | 3,418 |  |  | $ | — |  |  | $ | 155,393 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration