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Acquisitions (Tables) | 12 Months Ended
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Jul. 31, 2020
Acquistions [Abstract] |
Schedule of acquisition date fair value of consideration |
(in thousands) |  |  |
Cash paid |  | $ | 450 |
Contingent consideration |  |  | 375 |
Total fair value of consideration |  | $ | 825 |
Schedule of impact of the acquisition's purchase price allocations on consolidated balance sheet |
(in thousands) |  |  |
Trade accounts receivable |  | $ | 142 |
Other current assets |  |  | 21 |
Property, plant and equipment |  |  | 84 |
Goodwill |  |  | 1,437 |
Non-compete agreement (4-year useful life) |  |  | 50 |
Customer relationships (7-year useful life) |  |  | 130 |
Tradename (2-year useful life) |  |  | 30 |
Deferred income tax assets |  |  | 118 |
Other assets |  |  | 10 |
Trade accounts payable |  |  | (302 | )
Accrued expenses |  |  | (136 | )
Other current liabilities |  |  | (408 | )
Other liabilities |  |  | (351 | )
Net assets acquired |  | $ | 825 |
Schedule of consolidated balance sheet and acquisition date fair value of total consideration transferred |
(in thousands) |  |  |
Trade accounts receivable |  | $ | 370 |
Prepaid expenses |  |  | 65 |
Property, plant and equipment |  |  | 1,826 |
Non-compete agreement (5-year useful life) |  |  | 600 |
Customer relationships (20-year useful life) |  |  | 3,003 |
Tradename (20-year useful life) |  |  | 490 |
Other assets |  |  | 486 |
Trade accounts payable |  |  | (81 | )
Accrued expenses |  |  | (523 | )
Other liabilities |  |  | (710 | )
Net assets excluding cash acquired |  | $ | 5,526 |
Supplemental information: |  |  |  |
Cash paid |  | $ | 5,943 |
Cash acquired |  |  | (417 | )
Total consideration, net of cash acquired |  | $ | 5,526 |

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- Definition Tabular disclosure of a material business combination completed during the period, + References No definition available. + Details
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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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