Steel Connect (STCN) 10-Q10 Dec 142015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Oct. 31, 2014	Nov. 30, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Oct-14	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'MLNK	'
Entity Registrant Name	'MODUSLINK GLOBAL SOLUTIONS INC	'
Entity Central Index Key	'0000914712	'
Current Fiscal Year End Date	'--07-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	52,115,711

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified	Oct. 31, 2014	Jul. 31, 2014
Current assets:	'	'
Cash and cash equivalents	$104,308	$183,515
Trading securities	72,097	22,793
Accounts receivable, trade, net of allowance for doubtful accounts of $61 and $63 at October 31, 2014 and July 31, 2014, respectively	157,436	123,948
Inventories	54,196	65,269
Prepaid expenses and other current assets	19,759	10,243
Total current assets	407,796	405,768
Property and equipment, net	23,539	25,126
Investments in affiliates	7,199	7,172
Goodwill	3,058	3,058
Other intangible assets, net	399	667
Other assets	8,809	9,855
Total assets	450,800	451,646
Current liabilities:	'	'
Accounts payable	103,289	105,045
Accrued restructuring	2,025	2,246
Accrued expenses	38,940	39,544
Other current liabilities	54,680	51,759
Total current liabilities	198,934	198,594
Long-term portion of accrued restructuring	'	39
Notes payable	74,443	73,391
Other long-term liabilities	8,167	8,004
Long-term liabilities	82,610	81,434
Total liabilities	281,544	280,028
Stockholders' equity:	'	'
Preferred stock, $0.01 par value per share. Authorized 5,000,000 shares; zero issued or outstanding shares at October 31, 2014 and July 31, 2014	'	'
Common stock, $0.01 par value per share. Authorized 1,400,000,000 shares; 52,105,338 issued and outstanding shares at October 31, 2014; 52,100,763 issued and outstanding shares at July 31, 2014	521	521
Additional paid-in capital	7,450,964	7,450,541
Accumulated deficit	-7,293,190	-7,293,412
Accumulated other comprehensive income	10,961	13,968
Total stockholders' equity	169,256	171,618
Total liabilities and stockholders' equity	$450,800	$451,646

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, except Share data, unless otherwise specified	Oct. 31, 2014	Jul. 31, 2014
Accounts receivable, trade, allowance for doubtful accounts	$61	$63
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares Authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares Authorized	1,400,000,000	1,400,000,000
Common stock, shares issued	52,105,338	52,100,763
Common stock, shares outstanding	52,105,338	52,100,763

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Net revenue	$187,444	$191,415
Cost of revenue	168,606	169,420
Gross profit	18,838	21,995
Operating expenses	'	'
Selling, general and administrative	15,522	18,115
Amortization of intangible assets	268	280
Restructuring, net	1,901	979
Total operating expenses	17,691	19,374
Operating income	1,147	2,621
Other income (expense):	'	'
Interest income	64	102
Interest expense	-2,667	-213
Other gains (losses), net	2,827	-701
Total other income (expense)	224	-812
Income from continuing operations before income taxes	1,371	1,809
Income tax expense	1,157	1,137
Equity in (gains) losses of affiliates, net of tax	-8	134
Income from continuing operations	222	538
Discontinued operations, net of income taxes:	'	'
Income from discontinued operations	'	79
Net Income	$222	$617
Basic net income per share:	'	'
Income from continuing operations	$0	$0.01
Income from discontinued operations	$0	$0
Net Income	$0	$0.01
Diluted net income per share:	'	'
Income from continuing operations	$0	$0.01
Income from discontinued operations	$0	$0
Net Income	$0	$0.01
Weighted average common shares used in:	'	'
Basic earnings per share	51,875	51,438
Diluted earnings per share	52,004	51,493

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Net Income	$222	$617
Other comprehensive income:	'	'
Foreign currency translation adjustment	-2,639	2,079
Pension liability adjustments, net of tax	-361	'
Net unrealized holding loss on securities, net of tax	-7	-6
Total adjustments	-3,007	2,073
Comprehensive income (loss)	($2,785)	$2,690

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Cash flows from operating activities of continuing operations:	'	'
Net Income	$222	$617
Income from discontinued operations	'	79
Income from continuing operations	222	538
Adjustments to reconcile income from continuing operations to net cash used in operating activities of continuing operations:	'	'
Depreciation	2,810	3,474
Amortization of intangible assets	268	280
Amortization of deferred financing costs	122	118
Accretion of debt discount	1,027	'
Share-based compensation	409	512
Non-operating (gains) losses, net	-2,827	701
Equity in (gains) losses of affiliates and impairments	-8	134
Changes in operating assets and liabilities:	'	'
Trade accounts receivable, net	-36,287	-17,979
Inventories	9,392	-18,680
Prepaid expenses and other current assets	-12,198	-364
Accounts payable, accrued restructuring and accrued expenses	-1,167	20,063
Refundable and accrued income taxes, net	1,525	1,221
Other assets and liabilities	13,097	453
Net cash used in operating activities of continuing operations	-23,615	-9,529
Cash flows from investing activities of continuing operations:	'	'
Additions to property and equipment	-1,865	-974
Purchase of trading securities	-69,221	'
Investments in affiliates	-27	'
Proceeds from investments in affiliates	8	'
Net cash used in investing activities of continuing operations	-71,105	-974
Cash flows from financing activities of continuing operations:	'	'
Repayments on capital lease obligations	-34	-22
Proceeds from revolving line of credit	21,265	'
Repayments of revolving line of credit	-4,453	'
Proceeds from issuance of common stock	14	'
Repurchase of common stock	'	-131
Net cash provided by (used in) financing activities of continuing operations	16,792	-153
Cash flows from discontinued operations:	'	'
Operating cash flows	'	-579
Net cash used in discontinued operations	'	-579
Net effect of exchange rate changes on cash and cash equivalents	-1,279	872
Net decrease in cash and cash equivalents	-79,207	-10,363
Cash and cash equivalents at beginning of period	183,515	77,916
Cash and cash equivalents at end of period	$104,308	$67,553

Nature_Of_Operations

Nature Of Operations	3 Months Ended
Nature Of Operations	Oct. 31, 2014
Nature Of Operations	'
	(1) NATURE OF OPERATIONS
	ModusLink Global Solutions, Inc. (together with its consolidated subsidiaries, “ModusLink Global Solutions” or the “Company”), through its wholly-owned subsidiaries, ModusLink Corporation (“ModusLink”) and ModusLink PTS, Inc. (“ModusLink PTS”), executes comprehensive supply chain and logistics services (the “Supply Chain Business”) that are designed to improve clients’ revenue, cost, sustainability and customer experience objectives. ModusLink Global Solutions provides services to leading companies in consumer electronics, communications, computing, medical devices, software, and retail. The Company’s operations are supported by a global footprint that includes more than 25 sites across North America, Europe and the Asia Pacific region.
	The Company previously operated under the names CMGI, Inc. and CMG Information Services, Inc. and was incorporated in Delaware in 1986.

Basis_of_Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Oct. 31, 2014
Basis of Presentation	'
	(2) BASIS OF PRESENTATION
	The accompanying condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of a normal recurring nature) considered necessary for fair presentation have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and related notes for the year ended July 31, 2014, which are contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on October 14, 2014. The results for the three months ended October 31, 2014 are not necessarily indicative of the results to be expected for the full fiscal year. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.
	All significant intercompany transactions and balances have been eliminated in consolidation.
	The Company considers events or transactions that occur after the balance sheet date but before the issuance of financial statements to provide additional evidence relative to certain estimates or to identify matters that require additional disclosure. For the period ended October 31, 2014, the Company evaluated subsequent events for potential recognition and disclosure through the date these financial statements were filed.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Oct. 31, 2014
Recent Accounting Pronouncements	'
	(3) RECENT ACCOUNTING PRONOUNCEMENTS
	In April 2014, the FASB issued ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which amends ASC 205, Presentation of Financial Statements, and ASC 360, Property, Plant and Equipment. This ASU defines a discontinued operation as a component or group of components that is disposed of or meets the criteria as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results. This ASU requires additional disclosures about discontinued operations and new disclosures for components of an entity that are held for sale or disposed of and are individually significant but do not qualify for presentation as a discontinued operation. The requirements are effective prospectively starting with our first quarter of fiscal year 2016, and is related to presentation only. The adoption will not have a material effect on the Company’s consolidated financial statements.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The effective date will be the first quarter of fiscal year 2018 using one of two retrospective application methods or a cumulative effect approach. The Company is evaluating the potential effects on the consolidated financial statements.
	In August 2014, the FASB issued an amendment to the accounting guidance related to the evaluation of an entity’s ability to continue as a going concern. The amendment establishes management’s responsibility to evaluate whether there is substantial doubt about an entity ability to continue as a going concern in connection with preparing financial statements for each annual and interim reporting period. The update also gives guidance to determine whether to disclose information about relevant conditions and event when there is substantial doubt about an entity’s ability to continue as a going concern. This guidance will be effective for the Company as of December 15, 2016. The new guidance will not have an effect on the Company’s consolidated financial statements.

Inventories

Inventories	3 Months Ended
Inventories	Oct. 31, 2014
Inventories	'
	(4) INVENTORIES
	Inventories are stated at the lower of cost or market. Cost is determined by both the moving average and the first-in, first-out methods. Materials that the Company procures on behalf of its clients that are included in inventory typically include materials such as compact discs, printed materials, manuals, labels, hardware accessories, flash memory, consumer packaging, shipping boxes and labels, power cords and cables for client-owned electronic devices.
	Inventories consisted of the following:


		October 31,		July 31,
		2014		2014
		(In thousands)
	Raw materials	$	45,655	$	51,179
	Work-in-process		373		910
	Finished goods		8,168		13,180

		$	54,196	$	65,269

	The Company continuously monitors inventory balances and records inventory write-downs for any excess of the cost of the inventory over its estimated market value. The Company also monitors inventory balances for obsolescence and excess quantities as compared to projected demand. The Company’s inventory methodology is based on assumptions about average shelf life of inventory, forecasted volumes, forecasted selling prices, write-down history of inventory, market conditions and contractual arrangements with clients. While such assumptions may change from period to period, in determining the net realizable value of its inventories, the Company uses the best information available as of the balance sheet date. If actual market conditions are less favorable than those projected, or the Company experiences a higher incidence of inventory obsolescence because of rapidly changing technology and customer requirements, additional inventory write-downs may be required. Once established, write-downs of inventory are considered permanent adjustments to the cost basis of inventory and cannot be reversed due to subsequent increases in demand forecasts.

Investments

Investments	3 Months Ended
Investments	Oct. 31, 2014
Investments	'

	(5) INVESTMENTS

	Trading securities

	Near the end of the quarter ended July 31, 2014, the Company acquired $12.9 million in convertible debentures of a publicly traded entity. At this time the Company is uncertain with respect to the holding period of these securities, therefore these securities are classified as trading securities. These trading securities offer higher yields than are currently available from money market securities or other equivalent investments. As of July 31, 2014, the trades associated with these securities had not settled and, as such, the payment associated with the acquisition of these securities had not been made. The liability associated with this payment is classified under other current liabilities on our balance sheet. Additionally, near the end of the quarter ended July 31, 2014 the Company acquired $9.9 million in common stock of a publicly traded entity. As of July 31, 2014, most of the trades associated with these securities had not settled and, as such, $9.4 million of the payment associated with the acquisition of these securities had not been made. The liability associated with these payments is classified under other current liabilities on our balance sheet as of July 31, 2014. Unrealized gains and losses associated with these securities were immaterial for the fiscal year ended July 31, 2014.

	During the quarter ended October 31, 2014, the Company continued its investing activities and acquired additional convertible debentures of a publicly traded entity and acquired additional common stock of a publicly traded entity. As of October 31, 2014 the Company had $72.1 million in investments in trading securities, $31.9 million of which were the publicly traded convertible debentures. The Company’s purchases of the publicly traded convertible debentures have been done on the open market. The chairman of the board of the company issuing the publicly traded convertible debentures is also the chairman of the board of ModusLink Global Solutions, Inc. The trading securities were classified within Level 1 of the fair value hierarchy.

	@Ventures

	The Company maintains interests in several early-stage privately held technology companies primarily through its interests in two venture capital funds which invest as “@Ventures.” These investments are generally made in connection with a round of financing with other third-party investors.

	During the three months ended October 31, 2014, approximately $27 thousand was invested by the Company in privately held companies. During the three months ended October 31, 2013 no investments were made by the Company in privately held companies. At October 31, 2014 and July 31, 2014, the Company’s carrying value of investments in privately held companies was approximately $7.2 million for both periods. No impairment charges were recorded during the three months ended October 31, 2014 and 2013. During the three months ended October 31, 2014, the Company received an immaterial distribution from its investments. During the three months ended October 31, 2013, the Company did not receive any distributions from its investments.

	Investments in which the Company’s interest is less than 20% and which are not classified as available-for-sale securities are carried at the lower of cost or net realizable value unless it is determined that the Company exercises significant influence over the investee company, in which case the equity method of accounting is used. For those investments in which the Company’s voting interest is between 20% and 50%, the equity method of accounting is generally used. Under this method, the investment balance, originally recorded at cost, is adjusted to recognize the Company’s share of net earnings or losses of the investee company as they occur, limited to the extent of the Company’s investment in, advances to and commitments for the investee. These adjustments are reflected in “Equity in (gains) losses of affiliates, net of tax” in the Company’s Consolidated Statements of Operations.

	The Company assesses the need to record impairment losses on its investments and records such losses when the impairment of an investment is determined to be other than temporary in nature. The process of assessing whether a particular investment’s net realizable value is less than its carrying cost requires a significant amount of judgment. In making this judgment, the Company carefully considers the investee’s cash position, projected cash flows (both short and long-term), financing needs, recent financing rounds, most recent valuation data, the current investing environment, management/ownership changes and competition. The valuation process is based primarily on information that the Company requests from these privately held companies which are not subject to the same disclosure and audit requirements as those of U.S. public companies. As such, the reliability and the accuracy of the data may vary.

Goodwill

Goodwill	3 Months Ended
Goodwill	Oct. 31, 2014
Goodwill	'
	(6) GOODWILL
	The Company conducts its goodwill impairment test on July 31 of each fiscal year. In addition, if and when events or circumstances change that could reduce the fair value of any of its reporting units below its carrying value, an interim test is performed. In making this assessment, the Company relies on a number of factors including operating results, business plans, economic projections, anticipated future cash flows, and transactions and marketplace data. The Company’s reporting units are: Americas, Asia, Europe and it’s All Other category, which primarily represents the e-Business operating segment.
	The Company’s remaining goodwill of $3.1 million as of October 31, 2014 and July 31, 2014 relates to the Company’s e-Business reporting unit. There were no indicators of impairment identified related to the Company’s e-Business reporting unit during the three months ended October 31, 2014.

Other_Current_Liabilities

Other Current Liabilities	3 Months Ended
Other Current Liabilities	Oct. 31, 2014
Other Current Liabilities	'
	(7) OTHER CURRENT LIABILITIES
	The following table reflects the components of “Other Current Liabilities”:


		October 31,		July 31,
		2014		2014
		(In thousands)

	Accrued pricing liabilities	$	18,882	$	19,301
	Unsettled trading securities liabilities		—		22,430
	Line of credit facility		21,265		4,453
	Other		14,533		5,575

		$	54,680	$	51,759

	As of October 31, 2014 and July 31, 2014, the Company had accrued pricing liabilities of approximately $18.9 million and $19.3 million, respectively. As previously reported by the Company, several adjustments were made to its historic financial statements for periods ending on or before January 31, 2012, the most significant of which related to the treatment of vendor rebates in its pricing policies. Where the retention of a rebate or a mark-up was determined to have been inconsistent with a client contract (collectively referred to as “pricing adjustments”), the Company concluded that these amounts were not properly recorded as revenue. Accordingly, revenue was reduced by an equivalent amount for the period that the rebate was estimated to have affected. A corresponding liability for the same amount was recorded in that period (referred to as accrued pricing liabilities). The Company believes that it may not ultimately be required to pay all of the accrued pricing liabilities, due in part to the nature of the interactions with its clients. The remaining accrued pricing liabilities at October 31, 2014 will be derecognized when there is sufficient information for the Company to conclude that such liabilities have been extinguished, which may occur through payment, legal release, or other legal or factual determination.

Restructuring_Net

Restructuring, Net	3 Months Ended
Restructuring, Net	Oct. 31, 2014
Restructuring, Net	'
	(8) RESTRUCTURING, NET
	Restructuring and other costs for the three months ended October 31, 2014 primarily included continuing charges for personnel reductions and facility consolidations in an effort to streamline operations across our global supply chain operations. It is expected that the payments of employee-related charges will be substantially completed during the fiscal year ended July 31, 2015. The remaining contractual obligations primarily relate to facility lease obligations for vacant space resulting from the previous restructuring activities of the Company. The Company anticipates that these contractual obligations will be substantially fulfilled by August 2015.
	The $1.9 million restructuring charge recorded during the three months ended October 31, 2014 primarily consisted of $0.4 million, $0.5 million and $1.0 million of employee-related costs in the Americas, Asia and Europe, respectively, related to the workforce reduction of 93 employees in our global supply chain. The $0.9 million restructuring charge recorded during the three months ended October 31, 2013 primarily consisted of approximately $0.2 million, $0.1 million, and $0.6 million of employee-related costs in the Americas, Asia, and Europe, respectively, related to the workforce reduction of 49 employees in our global supply chain operations.

	The following tables summarize the activities related to the restructuring accrual by expense category and by reportable segment for the three months ended October 31, 2014:


		Employee			Contractual			Total
		Related			Obligations
		Expenses

	Accrued restructuring balance at July 31, 2014	$	1,687		$	598		$	2,285

	Restructuring charges		1,822			137			1,959
	Restructuring adjustments		(3	)		(55	)		(58	)
	Cash paid		(1,816	)		(227	)		(2,043	)
	Non-cash adjustments		(79	)		(39	)		(118	)

	Accrued restructuring balance at October 31, 2014	$	1,611		$	414		$	2,025



		Americas			Asia			Europe			All			Consolidated
		Americas			Asia			Europe			Other			Total
		(In thousands)
	Accrued restructuring balance at July 31, 2014	$	195		$	274		$	1,750		$	66		$	2,285

	Restructuring charges		408			559			992			—			1,959
	Restructuring adjustments		6			(54	)		(10	)		—			(58	)
	Cash paid		(217	)		(528	)		(1,288	)		(10	)		(2,043	)
	Non-cash adjustments		—			(7	)		(111	)		—			(118	)

	Accrued restructuring balance at October 31, 2014	$	392		$	244		$	1,333		$	56		$	2,025

	The net restructuring charges for the three months ended October 31, 2014 and 2013 would have been allocated as follows had the Company recorded the expense and adjustments within the functional department of the restructured activities:


		Three Months Ended
		October 31,
		2014			2013
		(In thousands)

	Cost of revenue	$	1,882		$	680
	Selling, general and administrative		19			299

		$	1,901		$	979

Debt

Debt	3 Months Ended
	Oct. 31, 2014
Debt	'
	(9) DEBT
	Notes Payable
	On March 18, 2014, the Company entered into an indenture (the “Indenture”) with Wells Fargo Bank, National Association, as trustee (the “Trustee”), relating to the Company’s issuance of $100 million of 5.25% Convertible Senior Notes (the “Notes”). The Notes bear interest at the rate of 5.25% per year, payable semi-annually in arrears on March 1 and September 1 of each year, beginning on September 1, 2014. The Notes will mature on March 1, 2019 unless earlier repurchased by the Company or converted by the holder in accordance with their terms prior to such maturity date.
	Holders of the Notes may convert all or any portion of their notes, in multiples of $1,000 principal amount, at their option at any-time prior to the close of business or the business day immediately preceding the maturity date. Each $1,000 of principal of the Notes will initially be convertible into 166.2593 shares of our common stock, which is equivalent to an initial conversion price of approximately $6.01 per share, subject to adjustment upon the occurrence of certain events, or, if the Company obtains the required consent from its stockholders, into shares of the Company’s common stock, cash or a combination of cash and shares of its common stock, at the Company’s election. If the Company has received stockholder approval, and it elects to settle conversions through the payment of cash or payment or delivery of a combination of cash and shares, the Company’s conversion obligation will be based on the volume weighted average prices (“VWAP”) of its common stock for each VWAP trading day in a 40 VWAP trading day observation period. The Notes and any of the shares of common stock issuable upon conversion have not been registered.
	Holders will have the right to require the Company to repurchase their Notes, at a repurchase price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest, upon the occurrence of certain fundamental changes, subject to certain conditions. No fundamental changes occurred during the three months ended October 31, 2014.
	The Company may not redeem the Notes prior to the mandatory date, and no sinking fund is provided for the Notes. The Company will have the right to elect to cause the mandatory conversion of the Notes in whole, and not in part, at any time on or after March 6, 2017, if the last reported sale price of its common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which the Company notifies holders of its election to mandatorily convert the Notes, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company notifies holders of its election to mandatorily convert the notes.
	The Company has valued the debt using similar nonconvertible debt as of the original issuance date of the Notes and bifurcated the conversion option associated with the Notes from the host debt instrument and recorded the conversion option of $28.1 million in stockholders’ equity prior to the allocation of debt issuance costs. The initial value of the equity component, which reflects the equity conversion feature, is equal to the initial debt discount. The resulting debt discount on the Notes is being accreted to interest expense at the effective interest rate over the estimated life of the Notes. The equity component is included in the additional paid-in-capital portion of stockholders’ equity on the Company’s consolidated balance sheet. In addition, the debt issuance costs of $3.4 million are allocated between the liability and equity components in proportion to the allocation of the proceeds. The issuance costs allocated to the liability component ($2.5 million) are capitalized as a long-term asset on the Company’s balance sheet and amortized as additional interest expense over the term of the Notes. This amount has been classified as long-term as the underlying debt instrument has been classified as a long-term liability in the Company’s balance sheet. The issuance costs allocated to the equity component is recorded as a reduction to additional paid-in capital. The fair value of our Notes payable, calculated as of the closing price of the traded securities, was $89.2 million and $93.8 million as of October 31, 2014 and July 31, 2014, respectively. This value does not represent the settlement value of these long-term debt liabilities to us. The fair value of the Notes payable could vary each period based on fluctuations in market interest rates, as well as changes to our credit ratings. The Notes payable are traded and their fair values are based upon traded prices as of the reporting dates. As of October 31, 2014, the net carrying value of the Notes was $74.4 million.


		October 31,
		2014
		(In thousands)

	Carrying amount of equity component (net of allocated debt issuance costs)	$	27,177

	Principal amount of Notes	$	100,000
	Unamortized debt discount		(25,557	)

	Net carrying amount	$	74,443


	As of October 31, 2014, the remaining period over which the unamortized discount will be amortized 52 months.


		Three months ended
		October 31, 2014
		(In thousands)

	Interest expense related to contractual interest coupon	$	1,313
	Interest expense related to accretion of the discount		1,027
	Interest expense related to debt issuance costs		91

		$	2,431

	During the three months ended October 31, 2014, we recognized interest expense of $2.4 million. The effective interest rate on the Notes, including amortization of debt issuance costs and accretion of the discount, is 14.04%. The notes bear interest of 5.25%.
	Wells Fargo Bank Credit Facility
	On October 31, 2012, the Company and certain of its domestic subsidiaries entered into a Credit Agreement (the “Credit Facility”) with Wells Fargo Bank, National Association as lender and agent for the lenders party thereto. The Credit Facility provided a senior secured revolving credit facility up to an initial aggregate principal amount of $50.0 million or the calculated borrowing base and was secured by substantially all of the domestic assets of the Company. As of July 31, 2013, the calculated borrowing base was $29.9 million. The Credit Facility was scheduled to terminate on October 31, 2015. Interest on the Credit Facility was based on the Company’s options of LIBOR plus 2.5% or the base rate plus 1.5%. The Credit Facility included one restrictive financial covenant, which is minimum EBITDA, and restrictions that limited the ability of the Company, to among other things, create liens, incur additional indebtedness, make investments, or dispose of assets or property without prior approval from the lenders.
	On March 13, 2014, the Company entered into a Second Amendment to Credit Facility, which amended the Company’s Credit Agreement, dated as of October 31, 2012, as amended by the First Amendment to Credit Agreement dated December 18, 2013. The Amendment modified certain provisions of the Credit Agreement that would have restricted or otherwise affected the issuance of the Notes and the use of proceeds therefrom, the conversion of the Notes into common stock of the Company, and the payment of interest on the Notes. Effective as of April 16, 2014, the Company voluntarily terminated the Credit Facility. The Company did not have any outstanding indebtedness related to the Credit Facility as of October 31, 2014.
	PNC Bank Credit Facility
	On June 30, 2014, two direct and wholly owned subsidiaries of the Company (the “Borrowers”) entered into a revolving credit and security agreement (the “Credit Agreement”), as borrowers and guarantors, with PNC Bank and National Association, as lender and as agent, respectively.
	The Credit Agreement has a five (5) year term which expires on June 30, 2019. It includes a maximum credit commitment of $50.0 million, is available for letters of credit (with a sublimit of $5.0 million) and has a $20.0 million uncommitted accordion feature. The actual maximum credit available under the Credit Agreement varies from time to time and is determined by calculating the applicable borrowing base, which is based upon applicable percentages of the values of eligible accounts receivable and eligible inventory minus reserves determined by the Agent (including other reserves that the Agent may establish from time to time in its permitted discretion), all as specified in the Credit Agreement.
	Generally, borrowings under the Credit Agreement bear interest at a rate per annum equal to, at the Borrowers’ option, either (a) LIBOR (adjusted to reflect any required bank reserves) for an interest period equal to one, two or three months (as selected by the Borrowers) plus a margin of 2.25% per annum or (b) a base rate determined by reference to the highest of (1) the base commercial lending rate publicly announced from time to time by PNC Bank, National Association, (2) the sum of the Federal Funds Open Rate in effect on such day plus one half of one percent (0.5%) per annum, or (3) the LIBOR rate (adjusted to reflect any required bank reserves) in effect on such day plus 1.00% per annum. In addition to paying interest on outstanding principal under the Credit Agreement, the Borrowers are required to pay a commitment fee, in respect of the unutilized commitments thereunder, of 0.25% per annum, paid quarterly in arrears. The Borrowers are also required to pay a customary letter of credit fee equal to the applicable margin on revolving credit LIBOR loans and fronting fees.
	Obligations under the Credit Agreement are guaranteed by the Borrowers’ existing and future direct and indirect wholly-owned domestic subsidiaries, subject to certain limited exceptions; and the Credit Agreement is secured by security interests in substantially all the Borrowers’ assets and the assets of each subsidiary guarantor, whether owned as of the closing or thereafter acquired, including a pledge of 100.0% of the equity interests of each subsidiary guarantor that is a domestic entity (subject to certain limited exceptions) and 65.0% of the voting equity interests of any direct first tier foreign entity owned by either Borrower or by a subsidiary guarantor. The Company is not a borrower or a guarantor under the Credit Agreement.
	The Credit Agreement contains certain customary negative covenants, which include limitations on mergers and acquisitions, the sale of assets, liens, guarantees, investments, loans, capital expenditures, dividends, indebtedness, changes in the nature of business, transactions with affiliates, the creation of subsidiaries, changes in fiscal year and accounting practices, changes to governing documents, compliance with certain statutes, and prepayments of certain indebtedness. The Credit Agreement also contains certain customary affirmative covenants (including periodic reporting obligations) and events of default, including upon a change of control. The Credit Agreement requires compliance with certain financial covenants providing for maintenance of specified liquidity, maintenance of a minimum fixed charge coverage ratio and/or maintenance of a maximum leverage ratio following the occurrence of certain events and/or prior to taking certain actions, all as more fully described in the Credit Agreement. The Company believes that the Credit Agreement provides greater financial flexibility to the Company and the Borrowers and may enhance their ability to consummate one or several larger and/or more attractive acquisitions and should provide our clients and/or potential clients with greater confidence in the Company’s and the Borrowers’ liquidity. During the three months ended October 31, 2014, the Company did not meet the criteria that would cause its financial covenants to be effective. As of October 31, 2014 and July 31, 2014, the Company had $21.3 million and $4.5 million outstanding on the PNC Bank credit facility, respectively, which is included in other current liabilities on the consolidated balance sheet.

Contingencies

Contingencies	3 Months Ended
	Oct. 31, 2014
Contingencies	'
	(10) CONTINGENCIES
	On February 15, 2012, the staff of the Division of Enforcement of the SEC initiated with the Company an informal inquiry, and later a formal action, regarding the Company’s treatment of rebates associated with volume discounts provided by vendors. To date, the SEC has not asserted any formal claims.
	On June 11, 2012, we announced the pending restatement of the Company’s financial statements for the periods ending on or before April 30, 2012 (the “June 11, 2012 Announcement”), related to the Company’s accounting treatment of rebates associated with volume discounts provided by vendors. The restated financial statements were filed on January 11, 2013. After the June 11, 2012 Announcement, stockholders of the Company commenced three purported class actions in the United States District Court for the District of Massachusetts arising from the circumstances described in the June 11, 2012 Announcement (the “Securities Actions”), entitled, respectively:

		•	Irene Collier, Individually And On Behalf Of All Others Similarly Situated, vs. ModusLink Global Solutions, Inc., Joseph C. Lawler and Steven G. Crane, Case 1:12-CV-11044-DJC, filed June 12, 2012 (the “Collier Action”);

		•	Alexander Shnerer Individually And On Behalf Of All Others Similarly Situated, vs. ModusLink Global Solutions, Inc., Joseph C. Lawler and Steven G. Crane, Case 1:12-CV-11078-DJC, filed June 18, 2012 (the “Shnerer Action”); and

		•	Harold Heszkel, Individually and on Behalf of All Others Similarly Situated v. ModusLink Global Solutions, Inc., Joseph C. Lawler, and Steven G. Crane, Case 1:12-CV-11279-DJC, filed July 11, 2012 (the “Heszkel Action”).
	Each of the Securities Actions purports to be brought on behalf of those persons who purchased shares of the Company between September 26, 2007 through and including June 8, 2012 (the “Class Period”) and alleges that failure to timely disclose the issues raised in the June 11, 2012 Announcement during the Class Period rendered defendants’ public statements concerning the Company’s financial condition materially false and misleading in violation of Sections 10(b) and 20(a) of the Exchange Act, and Rule 10b-5 promulgated thereunder. On February 11, 2013, plaintiffs filed a consolidated amended complaint in the Securities Actions. The Company moved to dismiss the amended complaint on March 11, 2013. On March 26, 2014, following a November 8, 2013 hearing, the Court denied the Company’s motion to dismiss, and, on May 26, 2014, the Company answered the Amended Complaint. In October 2014, the parties agreed to a stipulation for a proposed $4 million class settlement to be covered by insurance proceeds, subject to Court approval. On November 24, 2014, the Court entered an order preliminarily approving the proposed settlement, certification of the settlement class, and provision of notice of the settlement to the settling class. A final settlement approval hearing before the court is now scheduled for March 11, 2015. Although there can be no assurance to the ultimate outcome, the Company believes it has meritorious defense, will deny liability, and intends to defend this litigation vigorously.
	On October 15, 2014, a Company shareholder commenced a purported derivative action in the Court of Chancery of the State of Delaware against the Company, entitled Mohammad Ladjevardian v. Anthony Bergamo, Jeffrey J. Fenton, Glen M. Kassan, Warren G. Lichtenstein, Jeffrey S. Wald, and Philip E. Lengyel, Steel Partners Holdings L.P., Handy & Harman Ltd.; Defendants, And ModusLink Global Solutions, Inc., Nominal Defendant, C.A. No. 10237-VCL , and Steel Partners Holdings L.P. (“Steel”) Handy & Harman Ltd. The Plaintiff alleges that the individual Defendants breached their fiduciary duties to the Company, unjust enrichment, duty of disclosure, waste of corporate assets and aiding and abetting such breaches. On November 6, 2014, Defendants moved to dismiss the Complaint for (i) failure to make a pre-suit demand upon the Board or sufficiently plead demand futility, and (ii) failure to state a claim upon which relief may be granted. The parties stipulated that all discovery concerning claims asserted in the Complaint shall be stayed pending resolution of the Motion to Dismiss. Although there can be no assurance to the ultimate outcome, the Company believes it has meritorious defense, will deny liability, and intends to defend this litigation vigorously.
	On July 18, 2014, Scott R. Crawley (“Crawley”), a former executive officer of the Company, filed a Complaint against the Company in Massachusetts Superior Court in Middlesex County (the “Court”) alleging breach of contract and wrongful termination in violation of public policy and is seeking damages pursuant to a breach of his Executive Severance Agreement. The case is currently in the discovery phase. In furtherance of the case, Crawley has demanded that ModusLink indemnify him and advance expenses for all of his costs and expenses incurred as a result of this case and has filed a Preliminary Injunction with the Court to require ModusLink to immediately pay his attorney’s fees and expenses. On December 4, 2014, ModusLink opposed Crawley’s Motion for Preliminary Injunction and the matter has been taken under advisement by the Court.

Other_Gains_Losses_Net

Other Gains (Losses), Net	3 Months Ended
Other Gains (Losses), Net	Oct. 31, 2014
Other Gains (Losses), Net	'
	(11) OTHER GAINS (LOSSES), NET
	The following table reflects the components of “Other gains (losses), net”:


		Three Months Ended
		October 31,
		2014		2013
		(In thousands)
	Foreign currency exchange gain (losses)	$	704	$	(1,172	)
	Gain on disposal of assets		—		306
	Other, net		2,123		165

		$	2,827	$	(701	)

	The Company recorded foreign exchange gains of approximately $0.7 million during the three months ended October 31, 2014. For the three months ended October 31, 2014, the net gains primarily related to realized and unrealized gains (losses) from foreign currency exposures and settled transactions of approximately $0.1 million, ($0.1 million) and $1.0 million in the Americas, Asia and Europe, respectively. The Company recorded foreign exchange losses of approximately $1.2 million during the three months ended October 31, 2013. These net losses primarily related to realized and unrealized losses from foreign currency exposures and settled transactions of approximately $0.7 million and $0.5 million in Europe and Asia, respectively.
	During the three months ended October 31, 2014, the Company recognized $2.5 million in net non-cash gains associated with its Trading Securities. In addition to this, during the three months ended October 31, 2014, the Company recognized $0.3 million in net losses associated with short-term foreign currency contracts.

Income_Taxes

Income Taxes	3 Months Ended
Income Taxes	Oct. 31, 2014
Income Taxes	'
	(12) INCOME TAXES
	The Company operates in multiple taxing jurisdictions, both within and outside of the United States. For the three months ended October 31, 2014, the Company was profitable in certain jurisdictions, resulting in an income tax expense using enacted rates in those jurisdictions. As of October 31, 2014 and July 31, 2014, the total amount of the liability for unrecognized tax benefits related to federal, state and foreign taxes was approximately $1.1 million and $1.0 million, respectively.
	Uncertain Tax Positions
	In accordance with the Company’s accounting policy, interest related to unrecognized tax benefits is included in the provision of income taxes line of the Consolidated Statements of Operations. As of October 31, 2014 and July 31, 2014, the liabilities for interest expense related to uncertain tax positions were immaterial. The Company did not accrue for penalties related to income tax positions as there were no income tax positions that required the Company to accrue penalties. The Company does not expect any unrecognized tax benefits to reverse in the next twelve months. The Company is subject to U.S. federal income tax and various state, local and international income taxes in numerous jurisdictions. The federal and state tax returns are generally subject to tax examinations for the tax years ended July 31, 2010 through July 31, 2014. To the extent the Company has tax attribute carryforwards, the tax year in which the attribute was generated may still be adjusted upon examination by the Internal Revenue Service or state tax authorities to the extent utilized in a future period. In addition, a number of tax years remain subject to examination by the appropriate government agencies for certain countries in the Europe and Asia regions. In Europe, the Company’s 2006 through 2013 tax years remain subject to examination in most locations, while the Company’s 2002 through 2013 tax years remain subject to examination in most Asia locations.
	Net Operating Loss
	The Company has certain deferred tax benefits, including those generated by net operating losses and certain other tax attributes (collectively, the “Tax Benefits”). The Company’s ability to use these Tax Benefits could be substantially limited if it were to experience an “ownership change,” as defined under Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). In general, an ownership change would occur if there is a greater than 50-percentage point change in ownership of securities by stockholders owning (or deemed to own under Section 382 of the Code) five percent or more of a corporation’s securities over a rolling three-year period.

	Tax Benefit Preservation Plan
	On October 17, 2011, the Company’s Board of Directors adopted a Tax Benefit Preservation Plan between the Company and American Stock Transfer & Trust Company, LLC, as rights agent (as amended from time to time, the “Tax Plan”). The Tax Plan reduces the likelihood that changes in the Company’s investor base would have the unintended effect of limiting the Company’s use of its Tax Benefits. The Tax Plan is intended to require any person acquiring shares of the Company’s securities equal to or exceeding 4.99% of the Company’s outstanding shares to obtain the approval of the Board of Directors. This would protect the Tax Benefits because changes in ownership by a person owning less than 4.99% of the Company’s stock are considered and included in one or more public groups in the calculation of “ownership change” for purposes of Section 382 of the Code. On October 9, 2014, the Tax Plan was amended by our Board of Directors to extend the expiration of the Tax Plan until October 17, 2017, subject to stockholder approval at the Company’s 2015 annual meeting of stockholders. There is no assurance the stockholders will approve the amendment to the Tax Plan.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Oct. 31, 2014
Earnings Per Share	'
	(13) EARNINGS PER SHARE
	The Company calculates earnings per share in accordance with ASC Topic 260, “Earnings per Share.” The following table reconciles earnings per share for the three months ended October 31, 2014 and 2013:


		Three Months Ended
		October 31,
		2014		2013
		(In thousands, except per
		share amounts)

	Income from continuing operations	$	222	$	538
	Income from discontinued operations		—		79

	Net Income	$	222	$	617


	Weighted average common shares outstanding		51,875		51,438
	Weighted average common equivalent shares arising from dilutive stock options and restricted stock		129		55

	Weighted average number of common and potential common shares		52,004		51,493


	Basic net income per common share from:
	Continuing operations	$	0	$	0.01
	Discontinued operations		0		0

		$	0	$	0.01


	Diluted net income per common share from:
	Continuing operations	$	0	$	0.01
	Discontinued operations		0		0

		$	0	$	0.01

	Basic earnings per common share is calculated using the weighted-average number of common shares outstanding during the period. Diluted earnings per common share, if any, gives effect to diluted stock options (calculated based on the treasury stock method), non-vested restricted stock shares purchased under the employee stock purchase plan and share issuable upon debt conversion (calculated using an as-if converted method).
	For the three months ended October 31, 2014 and 2013, approximately 21.1 million and 5.4 million, respectively, common stock equivalent shares were excluded from the denominator in the calculation of diluted earnings per share as their inclusion would have been antidilutive.

ShareBased_Payments

Share-Based Payments	3 Months Ended
Share-Based Payments	Oct. 31, 2014
Share-Based Payments	'
	(14) SHARE-BASED PAYMENTS
	The following table summarizes share-based compensation expense related to employee stock options, employee stock purchases and non-vested shares for the three months ended October 31, 2014 and 2013, which was allocated as follows:


		Three Months Ended
		October 31,
		2014		2013
		(In thousands)

	Cost of revenue	$	94	$	116
	Selling, general and administrative		315		396

		$	409	$	512

	At October 31, 2014, there was approximately $1.7 million of total unrecognized compensation cost related to non-vested share-based compensation awards under the Company’s plans.

Comprehensive_Income_Loss

Comprehensive Income (Loss)	3 Months Ended
Comprehensive Income (Loss)	Oct. 31, 2014
Comprehensive Income (Loss)	'
	(15) COMPREHENSIVE INCOME (LOSS)
	Comprehensive income (loss) combines net income (loss) and other comprehensive items. Other comprehensive items represent certain amounts that are reported as components of stockholder’s equity in the accompanying condensed consolidated balance sheets.
	Accumulated other comprehensive items consist of the following:


		Foreign			Pension			Unrealized			Total
		currency			items			gains
		items						(losses) on
								securities
		(In thousands)
	Accumulated other comprehensive income at July 31, 2014	$	15,833		$	(1,900	)	$	35		$	13,968

	Foreign currency translation adjustment		(2,639	)		—			—			(2,639	)
	Pension liability adjustments		—			(361	)		—			(361	)
	Net unrealized holding loss on securities		—			—			(7	)		(7	)

	Net current-period other comprehensive income		(2,639	)		(361	)		(7	)		(3,007	)

	Accumulated other comprehensive income at October 31, 2014	$	13,194		$	(2,261	)	$	28		$	10,961

Foreign_Currency_Contracts

Foreign Currency Contracts	3 Months Ended
Foreign Currency Contracts	Oct. 31, 2014
Foreign Currency Contracts	'
	(16) FOREIGN CURRENCY CONTRACTS
	During the quarter ended October 31, 2014, the Company entered into foreign currency forward contracts to manage the foreign currency risk associated with anticipated foreign currency denominated transactions. As of October 31, 2014, the aggregate notional amount of the Company’s outstanding foreign currency forward contracts was $29.7 million as summarized below:


		October 31, 2014
	Currency Contracts	Foreign		Notional
		Currency		Contract
		Amount		Value in USD
		(In thousands)

	Buy CNH		134,619	$	21,747
	Buy CZK		79,091		3,730
	Buy EUR		3,219		4,176

				$	29,653

	As of October 31, 2014, the fair value of the Company’s short-term foreign currency contracts was $0.3 million and is included in other current liabilities. These contracts are designed to hedge the Company’s exposure to transactions denominated in a non-functional currency and are not accounted for as hedges under the accounting standards. Accordingly, changes in the fair value of these instruments are recognized in earnings during the period of change as a component of Other gains (losses), net. The contracts were classified within Level 2 of the fair value hierarchy. During the three months ended October 31, 2014, the Company recognized $0.3 million in net losses associated with these contracts.

Discontinued_Operations_and_Di

Discontinued Operations and Divestitures	3 Months Ended
Discontinued Operations and Divestitures	Oct. 31, 2014
Discontinued Operations and Divestitures	'
	(17) DISCONTINUED OPERATIONS AND DIVESTITURES
	On January 11, 2013, the Company’s wholly-owned subsidiary, Tech for Less LLC (“TFL”) sold substantially all of its assets to Encore Holdings, LLC (“Encore”). The consideration paid by Encore for the assets was $1.6 million, which consisted of a gross purchase price of $1.9 million less certain adjustments. At the time of sale, the Company received $1.4 million of the purchase price, with the remaining $0.2 million held in escrow for the satisfaction of any post-closing claims. During the fourth quarter of fiscal 2013, the Company reached a settlement agreement with Encore whereby the Company received $0.1 million of the escrow amount, with the remainder reverting to Encore. As a result of the settlement of the escrow amount, the Company’s gain on the sale of TFL was reduced by $0.1 million from $0.7 million to $0.6 million. In conjunction with the asset sale agreement, the Company entered into a transition support agreement with Encore to provide certain administrative services for a period of 90 days from the closing date of the transaction. The Company’s obligations under the transition support agreement were completed during the third quarter of fiscal year 2013. The Company did not generate significant continuing cash flows from the transition support agreement.
	The Company’s other discontinued operations relate to a lease obligation associated with a previously vacated facility. During the year ended July 31, 2006, the Company sold a marketing distribution business run by a wholly-owned subsidiary to an unrelated third party. In July 2013, the Company reached an agreement with its landlord for the early termination of a lease agreement associated with that business. As part of the lease termination agreement, the Company paid $0.4 million to the landlord on August 1, 2013 and was released from any future obligations associated with the leased facility. The Company also assigned its interest in its sublease rental income to the landlord.

Segment_Information

Segment Information	3 Months Ended
Segment Information	Oct. 31, 2014
Segment Information	'
	(18) SEGMENT INFORMATION
	The Company has four operating segments: Americas; Asia; Europe; and e-Business. Based on the information provided to the Company’s chief operating decision-maker (“CODM”) for purposes of making decisions about allocating resources and assessing performance and quantitative thresholds, the Company has determined that it has three reportable segments: Americas, Asia and Europe. In addition to its three reportable segments, the Company reports an All Other category. The All Other category primarily represents the e-Business operating segment. The Company also has Corporate-level activity, which consists primarily of costs associated with certain corporate administrative functions such as legal and finance, which are not allocated to the Company’s reportable segments. The Corporate-level balance sheet information includes cash and cash equivalents, trading securities, investments in affiliates, notes payables and other assets and liabilities which are not identifiable to the operations of the Company’s operating segments. All significant intra-segment amounts have been eliminated.

	Summarized financial information of the Company’s continuing operations by operating segment is as follows:


		Three Months Ended
		October 31,
		2014			2013

	Net revenue:
	Americas	$	81,798		$	76,575
	Asia		42,955			45,390
	Europe		54,415			60,616
	All Other		8,276			8,834

		$	187,444		$	191,415

	Operating income (loss):
	Americas	$	1,618		$	3,488
	Asia		3,353			5,851
	Europe		(1,378	)		(2,346	)
	All Other		161			585

	Total Segment operating income (loss)		3,754			7,578
	Corporate-level activity		(2,607	)		(4,957	)

	Total operating income		1,147			2,621

	Total other income (expense)		224			(812	)

	Income from continuing operations before income taxes	$	1,371		$	1,809



		October 31,			July 31,
		2014			2014
		(In thousands)
	Total assets:
	Americas	$	79,453		$	73,254
	Asia		88,456			78,749
	Europe		79,983			81,327
	All Other		27,967			14,221

	Sub-total - segment assets		275,859			247,551
	Corporate		174,941			204,095

		$	450,800		$	451,646

	Summarized financial information of the Company’s net revenue from external customers by group of services is as follows:


		Three Months Ended
		October 31,
		2014			2013

	Supply chain services	$	165,406		$	170,150
	Aftermarket services		13,762			12,431
	e-Business services		8,276			8,834

		$	187,444		$	191,415

	As of October 31, 2014, approximately $14.5 million, $4.0 million and $4.3 million of the Company’s long-lived assets were located in the U.S.A., Singapore and Ireland, respectively. As of July 31, 2014, approximately $19.3 million, $4.4 million and $4.7 million of the Company’s long-lived assets were located in the U.S.A., Singapore and Ireland, respectively.

For the three months ended October 31, 2014, the Company’s net revenues within U.S.A., China, Netherlands and Czech Republic were $82.0 million, $34.8 million, $25.1 million and $25.7 million, respectively. For the three months ended October 31, 2013, the Company’s net revenues within U.S.A., China, Netherlands and Czech Republic were $77.4 million, $32.8 million, $24.2 million and $30.6 million, respectively.

Inventories_Tables

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Oct. 31, 2014
Components of Inventories	'
	Inventories consisted of the following:


		October 31,		July 31,
		2014		2014
		(In thousands)
	Raw materials	$	45,655	$	51,179
	Work-in-process		373		910
	Finished goods		8,168		13,180

		$	54,196	$	65,269

Other_Current_Liabilities_Tabl

Other Current Liabilities (Tables)	3 Months Ended
Other Current Liabilities (Tables)	Oct. 31, 2014
Components of Other Current Liabilities	'
	The following table reflects the components of “Other Current Liabilities”:


		October 31,		July 31,
		2014		2014
		(In thousands)

	Accrued pricing liabilities	$	18,882	$	19,301
	Unsettled trading securities liabilities		—		22,430
	Line of credit facility		21,265		4,453
	Other		14,533		5,575

		$	54,680	$	51,759

Restructuring_Net_Tables

Restructuring, Net (Tables)	3 Months Ended
Restructuring, Net (Tables)	Oct. 31, 2014
Summary of Restructuring Accrual by Expense Category and by Reportable Segment	'
	The following tables summarize the activities related to the restructuring accrual by expense category and by reportable segment for the three months ended October 31, 2014:


		Employee			Contractual			Total
		Related			Obligations
		Expenses

	Accrued restructuring balance at July 31, 2014	$	1,687		$	598		$	2,285

	Restructuring charges		1,822			137			1,959
	Restructuring adjustments		(3	)		(55	)		(58	)
	Cash paid		(1,816	)		(227	)		(2,043	)
	Non-cash adjustments		(79	)		(39	)		(118	)

	Accrued restructuring balance at October 31, 2014	$	1,611		$	414		$	2,025



		Americas			Asia			Europe			All			Consolidated
		Americas			Asia			Europe			Other			Total
		(In thousands)
	Accrued restructuring balance at July 31, 2014	$	195		$	274		$	1,750		$	66		$	2,285

	Restructuring charges		408			559			992			—			1,959
	Restructuring adjustments		6			(54	)		(10	)		—			(58	)
	Cash paid		(217	)		(528	)		(1,288	)		(10	)		(2,043	)
	Non-cash adjustments		—			(7	)		(111	)		—			(118	)

	Accrued restructuring balance at October 31, 2014	$	392		$	244		$	1,333		$	56		$	2,025

Net Restructuring Charges	'
	The net restructuring charges for the three months ended October 31, 2014 and 2013 would have been allocated as follows had the Company recorded the expense and adjustments within the functional department of the restructured activities:


		Three Months Ended
		October 31,
		2014			2013
		(In thousands)

	Cost of revenue	$	1,882		$	680
	Selling, general and administrative		19			299

		$	1,901		$	979

Debt_Tables

Debt (Tables)	3 Months Ended
Debt (Tables)	Oct. 31, 2014
Net Carrying Value of the Notes	'
	This amount has been classified as long-term as the underlying debt instrument has been classified as a long-term liability in the Company’s balance sheet. The issuance costs allocated to the equity component is recorded as a reduction to additional paid-in capital. The fair value of our Notes payable, calculated as of the closing price of the traded securities, was $89.2 million and $93.8 million as of October 31, 2014 and July 31, 2014, respectively. This value does not represent the settlement value of these long-term debt liabilities to us. The fair value of the Notes payable could vary each period based on fluctuations in market interest rates, as well as changes to our credit ratings. The Notes payable are traded and their fair values are based upon traded prices as of the reporting dates. As of October 31, 2014, the net carrying value of the Notes was $74.4 million.


		October 31,
		2014
		(In thousands)

	Carrying amount of equity component (net of allocated debt issuance costs)	$	27,177

	Principal amount of Notes	$	100,000
	Unamortized debt discount		(25,557	)

	Net carrying amount	$	74,443

Summary of Interest Expense Related to Convertible Notes	'
	As of October 31, 2014, the remaining period over which the unamortized discount will be amortized 52 months.


		Three months ended
		October 31, 2014
		(In thousands)

	Interest expense related to contractual interest coupon	$	1,313
	Interest expense related to accretion of the discount		1,027
	Interest expense related to debt issuance costs		91

		$	2,431

Other_Gains_Losses_Net_Tables

Other Gains (Losses), Net (Tables)	3 Months Ended
Other Gains (Losses), Net (Tables)	Oct. 31, 2014
Components of Other Gains (Losses), Net	'
	The following table reflects the components of “Other gains (losses), net”:


		Three Months Ended
		October 31,
		2014		2013
		(In thousands)
	Foreign currency exchange gain (losses)	$	704	$	(1,172	)
	Gain on disposal of assets		—		306
	Other, net		2,123		165

		$	2,827	$	(701	)

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Oct. 31, 2014
Reconciliation of Earnings Per Share	'
	The following table reconciles earnings per share for the three months ended October 31, 2014 and 2013:


		Three Months Ended
		October 31,
		2014		2013
		(In thousands, except per
		share amounts)

	Income from continuing operations	$	222	$	538
	Income from discontinued operations		—		79

	Net Income	$	222	$	617


	Weighted average common shares outstanding		51,875		51,438
	Weighted average common equivalent shares arising from dilutive stock options and restricted stock		129		55

	Weighted average number of common and potential common shares		52,004		51,493


	Basic net income per common share from:
	Continuing operations	$	0	$	0.01
	Discontinued operations		0		0

		$	0	$	0.01


	Diluted net income per common share from:
	Continuing operations	$	0	$	0.01
	Discontinued operations		0		0

		$	0	$	0.01

ShareBased_Payments_Tables

Share-Based Payments (Tables)	3 Months Ended
Share-Based Payments (Tables)	Oct. 31, 2014
Summary of Share-Based Compensation Expense Related to Employee Stock Options, Employee Stock Purchases and Nonvested Shares	'
	The following table summarizes share-based compensation expense related to employee stock options, employee stock purchases and non-vested shares for the three months ended October 31, 2014 and 2013, which was allocated as follows:


		Three Months Ended
		October 31,
		2014		2013
		(In thousands)

	Cost of revenue	$	94	$	116
	Selling, general and administrative		315		396

		$	409	$	512

Comprehensive_Income_Loss_Tabl

Comprehensive Income (Loss) (Tables)	3 Months Ended
Comprehensive Income (Loss) (Tables)	Oct. 31, 2014
Accumulated Other Comprehensive Items	'
	Accumulated other comprehensive items consist of the following:


		Foreign			Pension			Unrealized			Total
		currency			items			gains
		items						(losses) on
								securities
		(In thousands)
	Accumulated other comprehensive income at July 31, 2014	$	15,833		$	(1,900	)	$	35		$	13,968

	Foreign currency translation adjustment		(2,639	)		—			—			(2,639	)
	Pension liability adjustments		—			(361	)		—			(361	)
	Net unrealized holding loss on securities		—			—			(7	)		(7	)

	Net current-period other comprehensive income		(2,639	)		(361	)		(7	)		(3,007	)

	Accumulated other comprehensive income at October 31, 2014	$	13,194		$	(2,261	)	$	28		$	10,961

Foreign_Currency_Contracts_Tab

Foreign Currency Contracts (Tables)	3 Months Ended
Foreign Currency Contracts (Tables)	Oct. 31, 2014
Schedule of Foreign Currency Forward Contracts	'
	As of October 31, 2014, the aggregate notional amount of the Company’s outstanding foreign currency forward contracts was $29.7 million as summarized below:


		October 31, 2014
	Currency Contracts	Foreign		Notional
		Currency		Contract
		Amount		Value in USD
		(In thousands)

	Buy CNH		134,619	$	21,747
	Buy CZK		79,091		3,730
	Buy EUR		3,219		4,176

				$	29,653

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Oct. 31, 2014
Summarized Financial Information of Continuing Operations by Operating Segment and Corporate-Level Activity	'
	Summarized financial information of the Company’s continuing operations by operating segment is as follows:


		Three Months Ended
		October 31,
		2014			2013

	Net revenue:
	Americas	$	81,798		$	76,575
	Asia		42,955			45,390
	Europe		54,415			60,616
	All Other		8,276			8,834

		$	187,444		$	191,415

	Operating income (loss):
	Americas	$	1,618		$	3,488
	Asia		3,353			5,851
	Europe		(1,378	)		(2,346	)
	All Other		161			585

	Total Segment operating income (loss)		3,754			7,578
	Corporate-level activity		(2,607	)		(4,957	)

	Total operating income		1,147			2,621

	Total other income (expense)		224			(812	)

	Income from continuing operations before income taxes	$	1,371		$	1,809

Total Assets of Continuing Operations	'

		October 31,			July 31,
		2014			2014
		(In thousands)
	Total assets:
	Americas	$	79,453		$	73,254
	Asia		88,456			78,749
	Europe		79,983			81,327
	All Other		27,967			14,221

	Sub-total - segment assets		275,859			247,551
	Corporate		174,941			204,095

		$	450,800		$	451,646

Summarized Financial Information of Net Revenue from External Customers by Group of Services	'
	Summarized financial information of the Company’s net revenue from external customers by group of services is as follows:


		Three Months Ended
		October 31,
		2014			2013

	Supply chain services	$	165,406		$	170,150
	Aftermarket services		13,762			12,431
	e-Business services		8,276			8,834

		$	187,444		$	191,415

Nature_of_Operations_Additiona

Nature of Operations - Additional Information (Detail) (Minimum)	Oct. 31, 2014
	Location
Minimum	'
Nature Of Operations [Line Items]	'
Number of sites	25

Components_of_Inventories_Deta

Components of Inventories (Detail) (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified	Oct. 31, 2014	Jul. 31, 2014
Inventory [Line Items]	'	'
Raw materials	$45,655	$51,179
Work-in-process	373	910
Finished goods	8,168	13,180
Inventories, net	$54,196	$65,269

Investments_Additional_informa

Investments - Additional information (Detail) (USD $)

3 Months Ended

Oct. 31, 2014

Jul. 31, 2014

Oct. 31, 2014

Oct. 31, 2013

Oct. 31, 2014

Jul. 31, 2014

Oct. 31, 2014

Jul. 31, 2014

Co-venturer

Available For Sale Securities

Convertible Debt Securities

Common Stock

Private Agreements

Maximum

Minimum

Co-venturer

Other Current Liabilities

Maximum

Investment [Line Items]

Trading Securities, debt

$12,900,000

Trading Securities, equity

9,900,000

Unsettled trading securities liabilities

22,430,000

9,400,000

Trading securities

72,097,000

22,793,000

31,900,000

Investments in privately held companies

27,000

Carrying value of investment

7,199,000

7,172,000

7,200,000

Impairment charges

Investment distribution income

Ownership interest on investment, percent

20.00%

Company's voting interest

50.00%

20.00%

Goodwill_Additional_Informatio

Goodwill - Additional Information (Detail) (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified	Oct. 31, 2014	Jul. 31, 2014
Goodwill [Line Items]	'	'
Goodwill	$3,058	$3,058
e-Business Services	'	'
Goodwill [Line Items]	'	'
Goodwill	$3,100	$3,100

Components_of_Other_Current_Li

Components of Other Current Liabilities (Detail) (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified	Oct. 31, 2014	Jul. 31, 2014
Other Current Liabilities [Line Items]	'	'
Accrued pricing liabilities	$18,882	$19,301
Unsettled trading securities liabilities	'	22,430
Line of credit facility	21,265	4,453
Other	14,533	5,575
Other current liabilities	$54,680	$51,759

Other_Current_Liabilities_Addi

Other Current Liabilities - Additional Information (Detail) (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified	Oct. 31, 2014	Jul. 31, 2014
Other Liabilities [Line Items]	'	'
Accrued pricing liabilities	$18,882	$19,301

Restructuring_Net_Additional_I

Restructuring, Net - Additional Information (Detail) (USD $)	3 Months Ended
	Oct. 31, 2014	Oct. 31, 2013
	Employee	Employee
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring charge	$1,901,000	$979,000
Number of workforce reduction	93	49
Americas	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring charge related to workforce reduction	400,000	200,000
Asia	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring charge related to workforce reduction	500,000	100,000
Europe	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring charge related to workforce reduction	$1,000,000	$600,000

Activity_in_Restructuring_Accr

Activity in Restructuring Accrual (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014
Restructuring Cost and Reserve [Line Items]	'
Accrued restructuring, beginning balance	$2,285
Restructuring charges	1,959
Restructuring adjustments	-58
Cash paid	-2,043
Non-cash adjustments	-118
Accrued restructuring, ending balance	2,025
Employee Related Expenses	'
Restructuring Cost and Reserve [Line Items]	'
Accrued restructuring, beginning balance	1,687
Restructuring charges	1,822
Restructuring adjustments	-3
Cash paid	-1,816
Non-cash adjustments	-79
Accrued restructuring, ending balance	1,611
Contractual Obligations	'
Restructuring Cost and Reserve [Line Items]	'
Accrued restructuring, beginning balance	598
Restructuring charges	137
Restructuring adjustments	-55
Cash paid	-227
Non-cash adjustments	-39
Accrued restructuring, ending balance	$414

Summary_of_Restructuring_Accru

Summary of Restructuring Accrual by Reportable Segment (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014
Restructuring Cost and Reserve [Line Items]	'
Accrued restructuring, beginning balance	$2,285
Restructuring charges	1,959
Restructuring adjustments	-58
Cash paid	-2,043
Non-cash adjustments	-118
Accrued restructuring, ending balance	2,025
Americas	'
Restructuring Cost and Reserve [Line Items]	'
Accrued restructuring, beginning balance	195
Restructuring charges	408
Restructuring adjustments	6
Cash paid	-217
Accrued restructuring, ending balance	392
Asia	'
Restructuring Cost and Reserve [Line Items]	'
Accrued restructuring, beginning balance	274
Restructuring charges	559
Restructuring adjustments	-54
Cash paid	-528
Non-cash adjustments	-7
Accrued restructuring, ending balance	244
Europe	'
Restructuring Cost and Reserve [Line Items]	'
Accrued restructuring, beginning balance	1,750
Restructuring charges	992
Restructuring adjustments	-10
Cash paid	-1,288
Non-cash adjustments	-111
Accrued restructuring, ending balance	1,333
All Other	'
Restructuring Cost and Reserve [Line Items]	'
Accrued restructuring, beginning balance	66
Cash paid	-10
Accrued restructuring, ending balance	$56

Net_Restructuring_Charges_Deta

Net Restructuring Charges (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring, net	$1,901	$979
Cost of revenue	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring, net	1,882	680
Selling, general and administrative	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Restructuring, net	$19	$299

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

Oct. 31, 2014

Jul. 31, 2014

Oct. 31, 2012

Oct. 31, 2014

Jul. 31, 2013

Oct. 31, 2012

Jun. 30, 2014

Oct. 31, 2014

Jul. 31, 2014

Jun. 30, 2014

Oct. 31, 2014

Jun. 30, 2014

Mar. 18, 2014

Oct. 31, 2014

Jul. 31, 2014

Mar. 18, 2014

Oct. 31, 2014

Wells Fargo Bank Credit Facility

PNC Bank Credit Facility

Scenario 1

Scenario 2

Domestic Subsidiaries

Foreign Subsidiaries

Letter of Credit Sublimit

Uncommitted Accordion Feature

5.25% Convertible Senior Notes due 2019

London Interbank Offered Rate (LIBOR)

Base Rate

PNC Bank Credit Facility

Noncurrent Assets

London Interbank Offered Rate (LIBOR)

Federal Funds Open Rate

Debt Instrument [Line Items]

Debt instrument issued

$100,000,000

$1,000

$100,000,000

Debt instrument, stated interest rate

5.25%

Debt instrument convertible conversion shares per 1000 principal amount of notes

166.2593

Initial Conversion price

$6.01

Number of trading days observation period

'40 days

Debt instrument, redemption price percentage

100.00%

Debt instrument, convertible, earliest date

6-Mar-17

Debt instrument, convertible, threshold percentage of stock price trigger

130.00%

Debt instrument, convertible, threshold trading days

Debt instrument conversion option

28,100,000

Debt instrument issuance costs

3,400,000

2,500,000

Fair value of Notes payable

89,200,000

93,800,000

Debt instrument, carrying amount

74,443,000

73,391,000

Convertible debt, remaining discount amortization period

'52 months

Debt instrument, interest expense

2,431,000

Debt instrument, interest rate, effective percentage

14.04%

Line of credit facility, maximum credit commitment

50,000,000

5,000,000

20,000,000

Line of credit facility, calculated borrowing base

29,900,000

Credit facility expiry date

31-Oct-15

30-Jun-19

Debt instrument, percentage points added to the reference rate

2.50%

1.50%

2.25%

1.00%

0.50%

Debt instrument, covenant description

'The Credit Facility included one restrictive financial covenant, which is minimum EBITDA, and restrictions that limited the ability of the Company, to among other things, create liens, incur additional indebtedness, make investments, or dispose of assets or property without prior approval from the lenders.

Outstanding indebtedness under the Credit Facility

$21,300,000

$4,500,000

Line of credit facility, term

'5 years

Line of credit facility, unutilized commitment fee percentage

0.25%

Percentage of equity interests pledged

100.00%

65.00%

Net_Carrying_Value_of_the_Note

Net Carrying Value of the Notes (Detail) (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified	Oct. 31, 2014	Jul. 31, 2014
Debt Instrument [Line Items]	'	'
Carrying amount of equity component (net of allocated debt issuance costs)	$27,177	'
Principal amount of Notes	100,000	'
Unamortized debt discount	-25,557	'
Net carrying amount	$74,443	$73,391

Summary_of_Interest_Expense_Re

Summary of Interest Expense Related to Convertible Notes (Detail) (5.25% Convertible Senior Notes due 2019, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014
Non Cash Convertible Debt Related Expense [Line Items]	'
Debt instrument, interest expense	$2,431
Coupon interest rate	'
Non Cash Convertible Debt Related Expense [Line Items]	'
Debt instrument, interest expense	1,313
Accretion of debt discount	'
Non Cash Convertible Debt Related Expense [Line Items]	'
Debt instrument, interest expense	1,027
Amortization of debt issue cost	'
Non Cash Convertible Debt Related Expense [Line Items]	'
Debt instrument, interest expense	$91

Contingencies_Additional_Infor

Contingencies - Additional Information (Detail) (USD $)	12 Months Ended	1 Months Ended
In Millions, unless otherwise specified	Jul. 31, 2012	Oct. 31, 2014
	LegalMatter	Covered by Insurance Proceeds
Commitments and Contingencies [Line Items]	'	'
Number of purported class actions filed following the announcement	3	'
Class settlement amount	'	$4

Components_of_Other_Gains_Loss

Components of Other Gains (Losses), Net (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Component Of Other Expense Income Nonoperating [Line Items]	'	'
Foreign currency exchange gain (losses)	$704	($1,172)
Gain on disposal of assets	'	306
Other, net	2,123	165
Other losses, net	$2,827	($701)

Other_Gains_Losses_Net_Additio

Other Gains (Losses), Net - Additional Information (Detail) (USD $)	3 Months Ended
	Oct. 31, 2014	Oct. 31, 2013
Component Of Other Expense Income Nonoperating [Line Items]	'	'
Foreign currency exchange gains (losses)	$704,000	($1,172,000)
Non-cash gains (losses) in trading securities	2,500,000	'
Foreign Exchange Contract	'	'
Component Of Other Expense Income Nonoperating [Line Items]	'	'
Foreign currency exchange gains (losses)	-300,000	'
Americas \| Gain Loss On Foreign Currency Transactions	'	'
Component Of Other Expense Income Nonoperating [Line Items]	'	'
Realized and unrealized gains (losses) from foreign currency exposures and settled transactions	100,000	'
Asia \| Gain Loss On Foreign Currency Transactions	'	'
Component Of Other Expense Income Nonoperating [Line Items]	'	'
Realized and unrealized gains (losses) from foreign currency exposures and settled transactions	-100,000	-500,000
Europe \| Gain Loss On Foreign Currency Transactions	'	'
Component Of Other Expense Income Nonoperating [Line Items]	'	'
Realized and unrealized gains (losses) from foreign currency exposures and settled transactions	$1,000,000	($700,000)

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended
Income Taxes - Additional Information (Detail) (USD $)	Oct. 09, 2014	Oct. 31, 2014	Jul. 31, 2014
Income Taxes [Line Items]	'	'	'
Unrecognized tax benefits related to federal, state and foreign taxes	'	$1,100,000	$1,000,000
Income tax positions penalties accrued	'	0	'
Expected any unrecognized tax benefits to reverse in the next twelve months	'	$0	'
Stockholder owning ownership on corporation's securities percentage	'	5.00%	'
Stockholder owning ownership on corporation's securities rolling period	'	'3 years	'
Tax Benefit Preservation Plan, adoption date	'	'2011-10-17	'
Any person acquiring shares of the Company's securities holding percentage as amended by Tax Plan which protects Tax Benefits	'	4.99%	'
Amended expiration date of the Tax Plan	17-Oct-17	'	'
United States \| Federal	'	'	'
Income Taxes [Line Items]	'	'	'
Tax examinations tax period	'	'Tax years ended July 31, 2010 through July 31, 2014	'
Europe \| Foreign	'	'	'
Income Taxes [Line Items]	'	'	'
Tax examinations tax period	'	'2006 through 2013 tax years	'
Asia \| Foreign	'	'	'
Income Taxes [Line Items]	'	'	'
Tax examinations tax period	'	'2002 through 2013 tax years	'

Reconciliation_of_Earnings_Per

Reconciliation of Earnings Per Share (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Schedule Of Earnings Per Share Basic And Diluted [Line Items]	'	'
Income from continuing operations	$222	$538
Income from discontinued operations	'	79
Net Income	$222	$617
Weighted average common shares outstanding	51,875	51,438
Weighted average common equivalent shares arising from dilutive stock options and restricted stock	129	55
Weighted average number of common and potential common shares	52,004	51,493
Basic net income per common share from:	'	'
Continuing operations	$0	$0.01
Discontinued operations	$0	$0
Basic net loss per common share	$0	$0.01
Diluted net income per common share from:	'	'
Continuing operations	$0	$0.01
Discontinued operations	$0	$0
Diluted net loss per common share	$0	$0.01

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Detail)	3 Months Ended
In Millions, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Earnings Per Share [Line Items]	'	'
Common stock equivalent shares excluded from the denominator in the calculation of diluted earnings per share	21.1	5.4

Summary_of_ShareBased_Compensa

Summary of Share-Based Compensation Expense Related to Employee Stock Options, Employee Stock Purchases and Non-Vested Shares (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]	'	'
Share-based compensation expense	$409	$512
Cost of revenue	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]	'	'
Share-based compensation expense	94	116
Selling, general and administrative	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]	'	'
Share-based compensation expense	$315	$396

ShareBased_Payments_Additional

Share-Based Payments - Additional Information (Detail) (USD $)	Oct. 31, 2014
In Millions, unless otherwise specified	Oct. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Unrecognized compensation cost related to nonvested shares	$1.70

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Items (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Accumulated other comprehensive income at beginning of period	$13,968	'
Foreign currency translation adjustment	-2,639	2,079
Pension liability adjustments	-361	'
Net unrealized holding loss on securities	-7	-6
Net current-period other comprehensive income	-3,007	2,073
Accumulated other comprehensive income at end of period	10,961	'
Foreign currency items	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Accumulated other comprehensive income at beginning of period	15,833	'
Foreign currency translation adjustment	-2,639	'
Net current-period other comprehensive income	-2,639	'
Accumulated other comprehensive income at end of period	13,194	'
Pension items	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Accumulated other comprehensive income at beginning of period	-1,900	'
Pension liability adjustments	-361	'
Net current-period other comprehensive income	-361	'
Accumulated other comprehensive income at end of period	-2,261	'
Unrealized gains (losses) on securities	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Accumulated other comprehensive income at beginning of period	35	'
Net unrealized holding loss on securities	-7	'
Net current-period other comprehensive income	-7	'
Accumulated other comprehensive income at end of period	$28	'

Foreign_Currency_Contracts_Add

Foreign Currency Contracts - Additional Information (Detail) (USD $)	3 Months Ended
	Oct. 31, 2014	Oct. 31, 2013
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'	'
Foreign currency exchange gains (losses)	$704,000	($1,172,000)
Foreign Exchange Contract	'	'
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'	'
Derivative, notional amount	29,653,000	'
Foreign currency exchange gains (losses)	-300,000	'
Foreign Exchange Contract \| Other Current Liabilities	'	'
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'	'
Derivative liability, notional amount	$300,000	'

Schedule_of_Foreign_Currency_C

Schedule of Foreign Currency Contracts (Detail) (Foreign Exchange Contract)	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014
In Thousands, unless otherwise specified	USD ($)	Buy CNH	Buy CNH	Buy CZK	Buy CZK	Buy EUR	Buy EUR
		USD ($)	CNY	USD ($)	CZK	USD ($)	EUR (€)
Contractual Amounts Of Foreign Currency Forward Contracts [Line Items]	'	'	'	'	'	'	'
Derivative, notional amount	$29,653	$21,747	134,619	$3,730	79,091	$4,176	€ 3,219

Discontinued_Operations_and_Di1

Discontinued Operations and Divestitures - Additional Information (Detail) (USD $)	0 Months Ended		3 Months Ended
In Millions, unless otherwise specified	Aug. 01, 2013	Jan. 11, 2013	Jul. 31, 2013	Jan. 11, 2013
Discontinued Operations [Line Items]	'	'	'	'
Consideration received from the sale of assets	'	$1.60	'	'
Gross amount of assets sold	'	'	'	1.9
Amount received from the sale of assets	'	1.4	'	'
Amount of consideration to be received escrow amount	'	0.2	'	'
Proceeds from escrow amount	'	'	0.1	'
Gain on disposition of asset	'	0.7	0.6	'
Transition support agreement, period	'	'90 days	'	'
Lease termination fee	0.4	'	'	'
Adjusted	'	'	'	'
Discontinued Operations [Line Items]	'	'	'	'
Gain on disposition of asset	'	'	-0.1	'
Previously Reported	'	'	'	'
Discontinued Operations [Line Items]	'	'	'	'
Gain on disposition of asset	'	$0.70	$0.70	'

Segment_Information_Additional

Segment Information - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Jul. 31, 2014
	Segment	Oct. 31, 2013	Jul. 31, 2014
Segment Reporting Information [Line Items]	'	'	'
Number of operating segments	4	'	'
Number of reportable segments	3	'	'
Total assets	$450,800	'	$451,646
Net revenue	187,444	191,415	'
United States	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total assets	14,500	'	19,300
Net revenue	82,000	77,400	'
Singapore	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total assets	4,000	'	4,400
Ireland	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Total assets	4,300	'	4,700
China	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net revenue	34,800	32,800	'
Netherlands	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net revenue	25,100	24,200	'
Czech Republic	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net revenue	$25,700	$30,600	'

Summarized_Financial_Informati

Summarized Financial Information of Continuing Operations by Operating Segment and Corporate-Level Activity (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Segment Reporting Information [Line Items]	'	'
Net revenue	$187,444	$191,415
Operating income (loss)	1,147	2,621
Total other income (expense)	224	-812
Income from continuing operations before income taxes	1,371	1,809
Operating Segments	'	'
Segment Reporting Information [Line Items]	'	'
Operating income (loss)	3,754	7,578
Operating Segments \| Americas	'	'
Segment Reporting Information [Line Items]	'	'
Net revenue	81,798	76,575
Operating income (loss)	1,618	3,488
Operating Segments \| Asia	'	'
Segment Reporting Information [Line Items]	'	'
Net revenue	42,955	45,390
Operating income (loss)	3,353	5,851
Operating Segments \| Europe	'	'
Segment Reporting Information [Line Items]	'	'
Net revenue	54,415	60,616
Operating income (loss)	-1,378	-2,346
Operating Segments \| All Other	'	'
Segment Reporting Information [Line Items]	'	'
Net revenue	8,276	8,834
Operating income (loss)	161	585
Corporate-level activity	'	'
Segment Reporting Information [Line Items]	'	'
Operating income (loss)	($2,607)	($4,957)

Total_Assets_of_Continuing_Ope

Total Assets of Continuing Operations (Detail) (USD $)	Oct. 31, 2014	Jul. 31, 2014
In Thousands, unless otherwise specified	Oct. 31, 2014	Jul. 31, 2014
Segment Reporting Information [Line Items]	'	'
Total assets	$450,800	$451,646
Operating Segments	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	275,859	247,551
Operating Segments \| Americas	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	79,453	73,254
Operating Segments \| Asia	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	88,456	78,749
Operating Segments \| Europe	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	79,983	81,327
Operating Segments \| All Other	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	27,967	14,221
Corporate-level activity	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	$174,941	$204,095

Summarized_Financial_Informati1

Summarized Financial Information of Net Revenue from External Customers by Group of Services (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Segment Reporting, Revenue Reconciling Item [Line Items]	'	'
Net revenue	$187,444	$191,415
Supply Chain Services	'	'
Segment Reporting, Revenue Reconciling Item [Line Items]	'	'
Net revenue	165,406	170,150
After Market Services	'	'
Segment Reporting, Revenue Reconciling Item [Line Items]	'	'
Net revenue	13,762	12,431
e-Business Services	'	'
Segment Reporting, Revenue Reconciling Item [Line Items]	'	'
Net revenue	$8,276	$8,834