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Income Taxes (Tables)

12 Months Ended

Jul. 31, 2018

Income Taxes [Abstract]

Components of income before income taxes

Year ended July 31  (in thousands)		2018				2017				2016
Domestic		$	910			$	(3,161	)		$	11,278
Foreign			7,191				10,781				18,190
INCOME BEFORE INCOME TAXES		$	8,101			$	7,620			$	29,468

Schedule of deferred income tax assets

July 31  (in thousands)		2018				2017
Deferred income tax assets:
Bad debt reserve		$	455			$	535
Accrued expenses			3,758				7,888
Stock options and restricted stock			1,070				1,608
Charitable contributions			946				1,768
Depreciation			349				4,438
Unrealized gain			—				317
Net operating loss			75,110				122,260
Credits			—				2,899
Total deferred income tax assets			81,688				141,713
Valuation allowance			(76,020	)			(129,872	)
NET DEFERRED INCOME TAX ASSETS		$	5,668			$	11,841

Schedule of (provision for) benefit from income taxes

Year ended July 31  (in thousands)		2018				2017				2016
Current:
Federal		$	3,294			$	—			$	(83	)
State and local			(34	)			(26	)			(30	)
Foreign			11				(282	)			(185	)
			3,271				(308	)			(298	)
Deferred:
Federal			—				(9,536	)			(3,148	)
State and local			12				(66	)			(51	)
Foreign			(6,185	)			11,931				(613	)
			(6,173	)			2,329				(3,812	)
(PROVISION FOR) BENEFIT FROM INCOME TAXES		$	(2,902	)		$	2,021			$	(4,110	)

Schedule of U.S. federal statutory income tax rate and income taxes provided

Year ended July 31  (in thousands)		2018				2017				2016
U.S. federal income tax at statutory rate		$	(2,186	)		$	(2,667	)		$	(10,314	)
Transition tax on foreign earnings			(3,360	)			—				—
Valuation allowance			58,798				626				—
Foreign tax rate differential			(4,272	)			3,107				6,035
Nondeductible expenses			213				457				487
Other			(23	)			64				(67	)
Prior year tax benefit (expense)			575				494				(231	)
U.S. federal tax law change			(52,631	)			—				—
State and local income tax, net of federal benefit			(16	)			(60	)			(20	)
(PROVISION FOR) BENEFIT FROM INCOME TAXES		$	(2,902	)		$	2,021			$	(4,110	)

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
2018
Reserves deducted from deferred income taxes, net:
Valuation allowance		$	129,872			$	—			$	(53,852	)		$	76,020
2017
Reserves deducted from deferred income taxes, net:
Valuation allowance		$	130,498			$	16,017			$	(16,643	)		$	129,872
2016
Reserves deducted from deferred income taxes, net:
Valuation allowance		$	127,449			$	3,049			$	—			$	130,498

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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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.

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