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Acquisitions (Tables)
12 Months Ended
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