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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Oct. 31, 2015	Nov. 30, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2016
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		52,330,459

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015
Current assets:
Cash and cash equivalents	$ 144,143	$ 119,431
Trading securities	42,392	78,716
Accounts receivable, trade, net of allowance for doubtful accounts of $58 and $57 at October 31, 2015 and July 31, 2015, respectively	170,150	131,216
Inventories	57,754	48,740
Funds held for clients	20,683	21,807
Prepaid expenses and other current assets	29,834	13,732
Total current assets	464,956	413,642
Property and equipment, net	22,733	22,736
Other assets	9,923	10,124
Total assets	497,612	446,502
Current liabilities:
Accounts payable	185,260	120,118
Accrued restructuring	1,453	1,528
Accrued expenses	38,504	38,970
Other current liabilities	50,483	50,737
Total current liabilities	275,700	211,353
Notes payable	79,079	77,864
Other long-term liabilities	13,380	12,684
Long-term liabilities	92,459	90,548
Total liabilities	368,159	301,901
Stockholders' equity:
Preferred stock, $0.01 par value per share. Authorized 5,000,000 shares; zero issued or outstanding shares at October 31, 2015 and July 31, 2015
Common stock, $0.01 par value per share. Authorized 1,400,000,000 shares; 52,239,193 issued and outstanding shares at October 31, 2015; 52,233,888 issued and outstanding shares at July 31, 2015	522	522
Additional paid-in capital	7,452,876	7,452,410
Accumulated deficit	(7,326,614)	(7,311,841)
Accumulated other comprehensive income	2,669	3,510
Total stockholders' equity	129,453	144,601
Total liabilities and stockholders' equity	$ 497,612	$ 446,502

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015
Accounts receivable, trade, allowance for doubtful accounts	$ 58	$ 57
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	52,239,193	52,233,888
Common stock, shares outstanding	52,239,193	52,233,888

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Net revenue	$ 141,089	$ 187,444
Cost of revenue	128,637	168,606
Gross profit	12,452	18,838
Operating expenses
Selling, general and administrative	14,252	15,522
Amortization of intangible assets		268
Restructuring, net	1,007	1,901
Total operating expenses	15,259	17,691
Operating income (loss)	(2,807)	1,147
Other income (expense):
Interest income	88	64
Interest expense	(2,729)	(2,667)
Other gains (losses), net	(8,433)	2,827
Impairment of investments in affiliates	(42)
Total other income (expense)	(11,116)	224
Income (loss) before income taxes	(13,923)	1,371
Income tax expense	850	1,157
Gains of affiliates, net of tax		(8)
Net income (loss)	$ (14,773)	$ 222
Basic net income (loss) per share	$ (0.29)	$ 0.00
Diluted net income (loss) per share	$ (0.29)	$ 0.00
Weighted average common shares used in:
Basic earnings per share	51,766	51,875
Diluted earnings per share	51,766	52,004

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Net income (loss)	$ (14,773)	$ 222
Other comprehensive income:
Foreign currency translation adjustment	(869)	(2,639)
Pension liability adjustments, net of tax		(361)
Net unrealized holding gain (loss) on securities, net of tax	28	(7)
Other comprehensive income (loss)	(841)	(3,007)
Comprehensive loss	$ (15,614)	$ (2,785)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Cash flows from operating activities:
Net income (loss)	$ (14,773)	$ 222
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:
Depreciation	1,955	2,810
Amortization of intangible assets		268
Amortization of deferred financing costs	145	122
Accretion of debt discount	1,215	1,027
Share-based compensation	456	409
Non-operating (gains) losses, net	8,433	(2,827)
(Gains) of affiliates and impairments	42	(8)
Changes in operating assets and liabilities:
Trade accounts receivable, net	(39,850)	(36,287)
Inventories	(9,523)	9,392
Prepaid expenses and other current assets	(17,099)	(12,198)
Accounts payable, accrued restructuring and accrued expenses	65,886	(1,167)
Refundable and accrued income taxes, net	820	1,525
Other assets and liabilities	619	13,097
Net cash used in operating activities	(1,674)	(23,615)
Cash flows from investing activities:
Additions to property and equipment	(2,053)	(1,865)
Proceeds from the sale of trading securities	28,939
Purchase of trading securities		(69,221)
Investments in affiliates	(42)	(27)
Proceeds from investments in affiliates		8
Net cash provided by (used in) investing activities	26,844	(71,105)
Cash flows from financing activities:
Repayments on capital lease obligations	(57)	(34)
Net proceeds from revolving line of credit		16,812
Proceeds from issuance of common stock		14
Net cash provided by (used in) financing activities	(57)	16,792
Net effect of exchange rate changes on cash and cash equivalents	(401)	(1,279)
Net increase (decrease) in cash and cash equivalents	24,712	(79,207)
Cash and cash equivalents at beginning of period	119,431	183,515
Cash and cash equivalents at end of period	$ 144,143	$ 104,308

Nature of Operations

3 Months Ended

Oct. 31, 2015

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”), is a leader in global supply chain business process management serving clients in markets such as consumer electronics, communications, computing, medical devices, software, and retail. The Company designs and executes critical elements in its clients’ global supply chains to improve speed to market, product customization, flexibility, cost, quality and service. These benefits are delivered through a combination of industry expertise, innovative service solutions, integrated operations, proven business processes, expansive global footprint and world-class technology.

The Company has an integrated network of strategically located facilities in various countries, including numerous sites throughout North America, Europe and Asia. The Company previously operated under the names CMGI, Inc. and CMG Information Services, Inc. and was incorporated in Delaware in 1986.

Basis of Presentation

3 Months Ended

Oct. 31, 2015

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, 2015, which are contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on October 14, 2015. The results for the three months ended October 31, 2015 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, 2015, the Company evaluated subsequent events for potential recognition and disclosure through the date these financial statements were filed.

Recent Accounting Pronouncements

3 Months Ended

Oct. 31, 2015

Recent Accounting Pronouncements

(3) RECENT ACCOUNTING PRONOUNCEMENTS

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 2019 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 ASU No. 2014-15 Presentation of Financial Statements—Going Concern (Subtopic 205-40), which amends 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’s 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 events 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 the first quarter of fiscal year 2017. The new guidance is not anticipated to have an effect on the Company’s consolidated financial statements.

In February 2015, the FASB issued ASU No. 2015-02 Consolidation (Topic 810), Amendments to Consolidation Analysis, which changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. This ASU will be effective for the Company beginning in the first quarter of fiscal year 2017. The Company will assess the impact of this standard on its financial statements.

In April 2015, the FASB issued ASU No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30)—Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the debt liability rather than as an asset. This ASU will be effective for the Company beginning in the first quarter of fiscal year 2017. The Company will assess the impact of this standard on its financial statements.

In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory (Topic 330), which provides guidance related to inventory measurement. The new standard requires entities to measure inventory at the lower of cost and net realizable value thereby simplifying the current guidance under which an entity must measure inventory at the lower of cost or market. The new standard is effective for the Company beginning in the first quarter of fiscal year 2018. The Company is currently evaluating the effect the guidance will have on the Company’s financial statement disclosures, results of operations and financial position.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305

+ Details

Inventories

3 Months Ended

Oct. 31, 2015

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 typically procures on behalf of its clients that are included in inventory include materials such as compact discs, printed materials, manuals, labels, hardware accessories, hard disk drives, phone chassis, consumer packaging, shipping boxes and labels, power cords and cables for client-owned electronic devices.

Inventories consisted of the following:


	October 31,		July 31,
	2015		2015
	(In thousands)
Raw materials	$	51,689	$	38,922
Work-in-process		813		536
Finished goods		5,252		9,282

	$	57,754	$	48,740

The Company continuously monitors inventory balances and records inventory provisions 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 demands. The Company’s inventory methodology is based on assumptions about average shelf life of inventory, forecasted volumes, forecasted selling prices, contractual provisions with our clients, write-down history of inventory and market conditions. 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 client requirements, additional inventory provisions 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. Accordingly, if inventory previously written down to its net realizable value is subsequently sold, gross profit margins may be favorably impacted.

Investments

3 Months Ended

Oct. 31, 2015

Investments

(5) INVESTMENTS

Trading securities

During the quarter ended July 31, 2015, the Company sold $3.9 million in trading securities, with a cash gain of $0.8 million. However, the cash associated with $2.1 million of these trades was received subsequent to July 31, 2015. The receivable associated with this receipt is classified under other current assets on our balance sheet as of July 31, 2015. As of July 31, 2015, the Company had $78.7 million in investments in trading securities, $41.3 million of which were the publicly traded convertible debentures.

During the three months ended October 31, 2015, the Company received $28.9 million in proceeds associated with the sale of Trading Securities, which included a cash gain of $4.3 million. During the three months ended October 31, 2015, the Company recognized $13.8 million in net non-cash net losses associated with its Trading Securities. As of October 31, 2015, the Company had $42.4 million in investments in trading securities, $11.3 million of which were the publicly traded convertible debentures. The Company’s purchases of the publicly traded convertible debentures were 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, 2015 and 2014, an immaterial amount was invested by the Company in privately held companies. At October 31, 2015 and July 31, 2015, the Company’s carrying value of investments in privately held companies was zero for both periods. The Company recognized an immaterial amount of impairment charges during the three months ended October 31, 2015. No impairment charges were recorded during the three months ended October 31, 2014. During the three months ended October 31, 2015, the Company did not receive any distributions from its investments. During the three months ended October 31, 2014, the Company received an immaterial distribution 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. The adjustments to these investments are reflected in “Gains 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.

Other Current Liabilities

3 Months Ended

Oct. 31, 2015

Other Current Liabilities

(6) OTHER CURRENT LIABILITIES

The following table reflects the components of “Other Current Liabilities”:


	October 31,		July 31,
	2015		2015
	(In thousands)
Accrued pricing liabilities	$	18,882	$	18,882
Funds held for clients		20,683		21,807
Other		10,918		10,048

	$	50,483	$	50,737

As of October 31, 2015 and July 31, 2015, the Company had accrued pricing liabilities of approximately $18.9 million for both periods. 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, 2015 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

3 Months Ended

Oct. 31, 2015

Restructuring, Net

(7) RESTRUCTURING, NET

Restructuring and other costs for the three months ended October 31, 2015 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, 2016. 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 the end of December 2015.

The $1.0 million restructuring charge recorded during the three months ended October 31, 2015 primarily consisted of $0.8 million and $0.3 million employee-related costs in the Americas and Asia, respectively, related to the workforce reduction of 55 employees in our global supply chain. 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 following tables summarize the activities related to the restructuring accrual by expense category and by reportable segment for the three months ended October 31, 2015:


	Employee
	Related			Contractual
	Expenses			Obligations			Total
	(In thousands)
Accrued restructuring balance at July 31, 2015	$	1,437		$	91		$	1,528

Restructuring charges		1,069			18			1,087
Restructuring adjustments		(79	)		(1	)		(80	)
Cash paid		(1,045	)		(52	)		(1,097	)
Non-cash adjustments		14			1			15

Accrued restructuring balance at October 31, 2015	$	1,396		$	57		$	1,453


										All		Consolidated
	Americas			Asia			Europe			Other		Total
	(In thousands)
Accrued restructuring balance at July 31, 2015	$	235		$	253		$	1,026		$	14	$	1,528

Restructuring charges		797			253			37			—		1,087
Restructuring adjustments		—			—			(80	)		—		(80	)
Cash paid		(130	)		(407	)		(560	)		—		(1,097	)
Non-cash adjustments		—			1			14			—		15

Accrued restructuring balance at October 31, 2015	$	902		$	100		$	437		$	14	$	1,453

The net restructuring charges for the three months ended October 31, 2015 and 2014 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,
	2015		2014
	(In thousands)
Cost of revenue	$	815	$	1,882
Selling, general and administrative		192		19

	$	1,007	$	1,901

Debt

3 Months Ended

Oct. 31, 2015

Debt

(8) 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. As of October 31, 2015, the if-converted value of the Notes did not exceed the principal value of the Notes.

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 quarter ended October 31, 2015.

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.

Per the Indenture, if the Notes are assigned a restricted CUSIP or the Notes are not otherwise freely tradable by holders at any time during the three months immediately preceding as of the 365th day after the last date of original issuance of the Notes, the Company shall pay additional interest on the Notes at a rate equal to 0.50% per annum of the principal amount of Notes outstanding until the restrictive legend on the Notes has been removed. The restrictive legend was removed on August 26, 2015 and, as such, the Company paid $0.2 million in additional interest associated with this restriction.

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, using the effective-interest method, 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 $81.0 million and $88.2 million as of October 31, 2015 and July 31, 2015, respectively. This value does not represent the settlement value of these long-term debt liabilities to the Company. 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, 2015 and July 31, 2015, the net carrying value of the Notes was $79.1 million and $77.9 million, respectively.


	October 31,			July 31,
	2015			2015
	(In thousands)
Carrying amount of equity component (net of allocated debt issuance costs)	$	27,163		$	27,163

Principal amount of Notes	$	100,000		$	100,000
Unamortized debt discount		(20,921	)		(22,136	)

Net carrying amount	$	79,079		$	77,864

As of October 31, 2015, the remaining period over which the unamortized discount will be amortized is 40 months.


	Three Months Ended
	October 31,
	2015		2014
	(In thousands)
Interest expense related to contractual interest coupon	$	1,323	$	1,313
Interest expense related to accretion of the discount		1,215		1,027
Interest expense related to debt issuance costs		108		91

	$	2,646	$	2,431

During the three months ended October 31, 2015 and 2014, we recognized interest expense of $2.6 million and $2.4 million, respectively. The effective interest rate on the Notes, including amortization of debt issuance costs and accretion of the discount, is 14.11%. 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, 2015.

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 year ended July 31, 2015, the Company did not meet the criteria that would cause its financial covenants to be applicable. As of October 31, 2015 and July 31, 2015, the Company did not have any balance outstanding on the PNC Bank credit facility.

Contingencies

3 Months Ended

Oct. 31, 2015

Contingencies

(9) 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. We have been cooperating fully with the investigation. During the year ended July 31, 2015, we recorded a charge of $1.6 million with respect to this matter. The Company believes that any resolution of this matter would include monetary penalties and other relief within the SEC’s authority. There can be no assurance that we will be able to reach a settlement with the SEC or that the amount of monetary penalties agreed in any settlement will not exceed the accrued conditions of any potential settlement.

On June 8, 2015, Sean Peters, a former employee filed a complaint (the “Complaint”) against ModusLink Corporation in Superior Court of California asserting claims, among other things, for failure to pay wages, breach of contract, wrongful retaliation and termination, fraud, violations of California Business and Professions Code Section 17200, et seq., and civil penalties pursuant to California Labor Code Sections and pursuant to the California Private Attorney General Act, seeking over $1 million in damages, attorneys’ fees and costs and penalties. ModusLink filed an Answer to the Complaint making a general denial and asserting various affirmative defenses. The parties are currently engaged in discovery. Although there can be no assurance as to the ultimate outcome, ModusLink believes it has meritorious defenses and intends to defend the allegations vigorously.

Other Gains (Losses), Net

3 Months Ended

Oct. 31, 2015

Other Gains (Losses), Net

(10) OTHER GAINS (LOSSES), NET

The following table reflects the components of “Other gains (losses), net”:


	Three Months Ended
	October 31,
	2015			2014
	(In thousands)
Foreign currency exchange gain (losses)	$	(574	)	$	704
Gain on disposal of assets		1,256			—
Gains (losses) on Trading Securities		(9,463	)		2,512
Other, net		348			(389	)

	$	(8,433	)	$	2,827

The Company recorded foreign exchange losses of approximately $0.6 million during the three months ended October 31, 2015. For the three months ended October 31, 2015, the net gains primarily related to realized and unrealized losses from foreign currency exposures and settled transactions of approximately $0.6 million and $0.3 million in Asia and Europe, respectively. 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.

During the three months ended October 31, 2015 the Company recognized $4.3 million in net cash gains associated with its Trading Securities. During the three months ended October 31, 2015 and 2014, the Company recognized $(13.8) million and $2.5 million in net non-cash gains (losses), respectively, associated with its Trading Securities. In addition to this, during the three months ended October 31, 2015 and 2014, the Company recognized $0.3 and $(0.3) million in net gains (losses), respectively, associated with short-term foreign currency contracts.

Income Taxes

3 Months Ended

Oct. 31, 2015

Income Taxes

(11) INCOME TAXES

The Company operates in multiple taxing jurisdictions, both within and outside of the United States. For the three months ended October 31, 2015, the Company was profitable in certain jurisdictions, resulting in an income tax expense using enacted rates in those jurisdictions. As of October 31, 2015 and July 31, 2015, the total amount of the liability for unrecognized tax benefits related to federal, state and foreign taxes was approximately $3.9 million for both periods.

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, 2015 and July 31, 2015, 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, 2011 through July 31, 2015. 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 2008 through 2014 tax years remain subject to examination in most locations, while the Company’s 2004 through 2014 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. Following the stockholders’ approval of the Protective Amendment (as described below) at the Company’s 2014 Annual Meeting, the Tax Plan was further amended so that it expired at the close of business on December 31, 2014.

Protective Amendment

On December 29, 2014, the Company filed an Amendment to its Restated Certificate of Incorporation (the “Protective Amendment”) with the Delaware Secretary of State to protect the significant potential long-term tax benefits presented by its net operating losses and other tax benefits (collectively, the “NOLs”). The Protective Amendment was approved by the Company’s stockholders at the Company’s 2014 Annual Meeting of Stockholders held on December 9, 2014. As a result of the filing of the Protective Amendment with the Delaware Secretary of State, the Company amended its Tax Benefit Preservation Plan so that it expired at the close of business on December 31, 2014.

The Protective Amendment limits certain transfers of the Company’s common stock, to assist the Company in protecting the long-term value of its accumulated NOLs. The Protective Amendment’s transfer restrictions generally restrict any direct or indirect transfers of the common stock if the effect would be to increase the direct or indirect ownership of the common stock by any person (as defined in the Protective Amendment) from less than 4.99% to 4.99% or more of the common stock, or increase the percentage of the common stock owned directly or indirectly by a Person owning or deemed to own 4.99% or more of the common stock. Any direct or indirect transfer attempted in violation of the Protective Amendment will be void as of the date of the prohibited transfer as to the purported transferee. The Board of Directors of the Company has discretion to grant waivers to permit transfers otherwise restricted by the Protective Amendment.In accordance with the Protective Amendment, Handy & Harman (“HNH”), a related party, requested, and the Company granted HNH and its affiliates, a waiver under the Protective Amendment to permit their acquisition of up to 45% of the Company’s outstanding shares of common stock in the aggregate (subject to proportionate adjustment, the “45% Cap”), in addition to acquisitions of common stock in connection with the exercise of certain warrants of the Company (the “Warrants”) held by Steel Partners Holdings L.P. (“SPH”), an affiliate of HNH, as well as a limited waiver under Section 203 of the Delaware General Corporation Law for this purpose. Notwithstanding the foregoing, HNH and its affiliates (and any group of which HNH or any of its affiliates is a member) are not permitted to acquire securities that would result in an “ownership change” of the Company for purposes of Section 382 of the Internal Revenue Code of 1986, as amended, that would have the effect of impairing any of the Company’s NOLs. The foregoing waiver was approved by the independent directors of the Company.

Earnings Per Share

3 Months Ended

Oct. 31, 2015

Earnings Per Share

(12) 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, 2015 and 2014:


	Three Months Ended
	October 31,
	2015			2014
	(In thousands, except per share data)
Net loss	$	(14,773	)	$	222

Weighted average common shares outstanding		51,766			51,875
Weighted average common equivalent shares arising from dilutive stock options and restricted stock		—			129

Weighted average number of common and potential common shares		51,766			52,004

Basic net income (loss) per share	$	(0.29	)	$	0.00
Diluted net income (loss) per share	$	(0.29	)	$	0.00

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 shares issuable upon debt conversion (calculated using an as-if converted method).

For the three months ended October 31, 2015 and 2014, approximately 21.7 million and 21.1 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.

Share-Based Payments

3 Months Ended

Oct. 31, 2015

Share-Based Payments

(13) 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, 2015 and 2014, which was allocated as follows:


	Three Months Ended
	October 31,
	2015		2014
	(In thousands)
Cost of revenue	$	31	$	94
Selling, general and administrative		425		315

	$	456	$	409

At October 31, 2015, there was approximately $1.7 million of total unrecognized compensation cost related to Stock Options issued under the Company’s plans. At October 31, 2015, there was approximately $0.7 million of total unrecognized compensation cost related to non-vested share-based compensation awards under the Company’s plans.

Comprehensive Income (Loss)

3 Months Ended

Oct. 31, 2015

Comprehensive Income (Loss)

(14) 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 currency items			Pension items			Unrealized gains (losses) on securities		Total
	(In thousands)
Accumulated other comprehensive income (loss) at July 31, 2015	$	7,670		$	(4,206	)	$	46	$	3,510

Foreign currency translation adjustment		(869	)		—			—		(869	)
Net unrealized holding gain on securities		—			—			28		28

Net current-period other comprehensive income (loss)		(869	)		—			28		(841	)

Accumulated other comprehensive income (loss) at October 31, 2015	$	6,801		$	(4,206	)	$	74	$	2,669

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

Foreign Currency Contracts

3 Months Ended

Oct. 31, 2015

Foreign Currency Contracts

(15) FOREIGN CURRENCY CONTRACTS

During the quarter ended October 31, 2015, 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, 2015 and 2014, the aggregate notional amount of the Company’s outstanding foreign currency forward contracts was $12.4 million, as summarized below:


	October 31, 2015
Currency Contracts	Foreign Currency Amount		Notional Contract Value in USD
	(In thousands)
Buy CNH		76,245	$	11,603
Buy SGD		1,100		785

			$	12,388

As of October 31, 2015, the fair value of the Company’s short-term foreign currency contracts was $0.3 million and is included in other current assets. 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, 2015, the Company recognized $0.3 million in net gains associated with these contracts.

- Definition

The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.

+ References + Details

Segment Information

3 Months Ended

Oct. 31, 2015

Segment Information

(16) 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 four reportable segments: Americas, Asia, Europe and e-Business. During the prior year, the Company had determined that it had three reportable segments: Americas; Asia; and Europe. e-Business was reported as a part of the All Other category in the prior year. 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,
	2015			2014
	(In thousands)
Net revenue:
Americas	$	33,211		$	81,798
Asia		53,931			42,955
Europe		44,743			54,415
e-Business		9,204			8,276

	$	141,089		$	187,444

Operating income (loss):
Americas	$	(3,086	)	$	1,618
Asia		3,371			3,353
Europe		(1,031	)		(1,378	)
e-Business		(504	)		161

Total Segment operating income		(1,250	)		3,754
Corporate-level activity		(1,557	)		(2,607	)

Total operating income (loss)		(2,807	)		1,147

Total other income (expense)		(11,116	)		224

Income (loss) before income taxes	$	(13,923	)	$	1,371


	October 31,		July 31,
	2015		2015
	(In thousands)
Total assets:
Americas	$	38,873	$	41,367
Asia		158,336		122,277
Europe		91,449		67,783
e-Business		36,076		35,512

Sub-total - segment assets		324,734		266,939
Corporate		172,878		179,563

	$	497,612	$	446,502

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


	Three Months Ended
	October 31,
	2015		2014
	(In thousands)
Supply chain services	$	128,370	$	165,406
Aftermarket services		3,515		13,762
e-Business services		9,204		8,276

	$	141,089	$	187,444

As of October 31, 2015, approximately $12.1 million, $5.6 million, $3.7 million and $3.3 million of the Company’s long-lived assets were located in the U.S.A., Netherlands, Ireland and China, respectively. As of July 31, 2015, approximately $12.4 million, $5.2 million, $3.7 million and $3.3 million of the Company’s long-lived assets were located in the U.S.A., Netherlands, Ireland and China, respectively.

For the three months ended October 31, 2015, the Company’s net revenues within U.S.A., China, Netherlands and Czech Republic were $35.1 million, $37.5 million, $20.7 million and $22.3 million, 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.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

Related Party Transactions

3 Months Ended

Oct. 31, 2015

Related Party Transactions

(17) RELATED PARTY TRANSACTIONS

On December 24, 2014, SP Corporate Services LLC (“SP Corporate”), an indirect wholly owned subsidiary of Steel Partners Holdings L.P. (a related party), entered into a Management Services Agreement (the “Management Services Agreement”) with the Company. Pursuant to the Management Services Agreement, SP Corporate will provide the Company and its subsidiaries with the services of certain employees, including certain executive officers, and other corporate services. The Management Services Agreement was approved by a special committee of the Company’s Board of Directors comprised entirely of independent directors (the “Committee”). SP Corporate will be subject to the supervision and control of the Committee while performing its obligations under the Management Services Agreement. The Management Services Agreement provides that the Company will pay SP Corporate a fixed monthly fee of $175,000 in consideration of the Services. The fees payable under the Management Services Agreement are subject to review and such adjustments as may be agreed upon by SP Corporate and the Company.

The Management Services Agreement was effective as of January 1, 2015 and was to continue through June 30, 2015. During the quarter ended July 31, 2015, the Company and SP Corporate entered into an amendment to extend the term of the Management Services Agreement through December 31, 2015, with such term renewing for successive one year periods unless and until terminated pursuant to the terms of the Management Services Agreement.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Fair Value Measurement of Assets and Liabilities

3 Months Ended

Oct. 31, 2015

Fair Value Measurement of Assets and Liabilities

(18) FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES

ASC Topic 820 provides that fair value is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants based on the highest and best use of the asset or liability. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. ASC Topic 820 requires the Company to use valuation techniques to measure fair value that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized as follows:

Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets

Level 2: Other inputs that are observable directly or indirectly, such as quoted prices for similar assets or liabilities or market-corroborated inputs

Level 3: Unobservable inputs for which there is little or no market data and which require the Company to develop its own assumptions about how market participants would price the assets or liabilities

The carrying value of cash and cash equivalents, accounts receivable, accounts payable, current liabilities and the revolving line of credit approximate fair value because of the short maturity of these instruments. The carrying value of capital lease obligations approximates fair value, as estimated by using discounted future cash flows based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. The fair values of the Company’s Trading Securities are estimated using quoted market prices. The Company values foreign exchange forward contracts using observable inputs which primarily consist of an income approach based on the present value of the forward rate less the contract rate multiplied by the notional amount. The defined benefit plans have 100% of their assets invested in bank-managed portfolios of debt securities and other assets. Conservation of capital with some conservative growth potential is the strategy for the plans. The Company’s pension plans are outside the United States, where asset allocation decisions are typically made by an independent board of trustees. Investment objectives are aligned to generate returns that will enable the plans to meet their future obligations. The Company acts in a consulting and governance role in reviewing investment strategy and providing a recommended list of investment managers for each plan, with final decisions on asset allocation and investment manager made by local trustees.

Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following tables presents the Company’s financial assets measured at fair value on a recurring basis as of October 31, 2015 and July 31, 2015, classified by fair value hierarchy:


			Fair Value Measurements at Reporting Date Using
(In thousands)	October 31, 2015		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	31,111	$	31,111	$	—	$	—
Marketable corporate bonds		11,281		11,281		—		—
Money market funds		99,557		99,557		—		—
Foreign currency contracts		315		—		315		—

			Fair Value Measurements at Reporting Date Using
(In thousands)	July 31, 2015		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	37,396	$	37,396	$	—	$	—
Marketable corporate bonds		41,320		41,320		—		—
Money market funds		76,277		76,277		—		—

There were no transfers between Levels 1, 2 or 3 during any of the periods presented.

When available, quoted prices were used to determine fair value. When quoted prices in active markets were available, investments were classified within Level 1 of the fair value hierarchy. When quoted prices in active markets were not available, fair values were determined using pricing models, and the inputs to those pricing models were based on observable market inputs. The inputs to the pricing models were typically benchmark yields, reported trades, broker-dealer quotes, issuer spreads and benchmark securities, among others.

Assets and Liabilities that are Measured at Fair Value on a Nonrecurring Basis

The Company’s only significant assets or liabilities measured at fair value on a nonrecurring basis subsequent to their initial recognition were the Company’s @Ventures investments, goodwill and certain assets subject to long-lived asset impairment.

The Company reviews the carrying amounts of these assets whenever certain events or changes in circumstances indicate that the carrying amounts may not be recoverable. The Company also performs an impairment evaluation of goodwill on an annual basis. An impairment loss is recognized when the carrying amount of the asset group or reporting unit is not recoverable and exceeds its fair value. The Company estimated the fair values of assets subject to impairment based on the Company’s own judgments about the assumptions that market participants would use in pricing the assets and on observable market data, when available. The Company uses the income approach when determining the fair value of its reporting units.

Fair Value of Financial Instruments

The Company’s financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, accounts receivable, accounts payable and long-term debt and are reflected in the financial statements at cost. With the exception of long-term debt, cost approximates fair value for these items due to their short-term nature.

Included in trading securities in the accompanying balance sheet are marketable equity securities and marketable corporate bonds. These instruments are valued at quoted market prices in active markets. Included in cash and cash equivalents in the accompanying balance sheet are money market funds. These are valued at quoted market prices in active markets.

The following table presents the Company’s debt not carried at fair value:


	October 31, 2015				July 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In thousands)
Notes payable	$	79,079	$	81,000	$	77,864	$	88,188		Level 1

The fair value of our Notes payable represents the value at which our lenders could trade our debt within the financial markets, and 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.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Inventories (Tables)

3 Months Ended

Oct. 31, 2015

Components of Inventories

Inventories consisted of the following:


	October 31,		July 31,
	2015		2015
	(In thousands)
Raw materials	$	51,689	$	38,922
Work-in-process		813		536
Finished goods		5,252		9,282

	$	57,754	$	48,740

Other Current Liabilities (Tables)

3 Months Ended

Oct. 31, 2015

Components of Other Current Liabilities

The following table reflects the components of “Other Current Liabilities”:


	October 31,		July 31,
	2015		2015
	(In thousands)
Accrued pricing liabilities	$	18,882	$	18,882
Funds held for clients		20,683		21,807
Other		10,918		10,048

	$	50,483	$	50,737

Restructuring, Net (Tables)

3 Months Ended

Oct. 31, 2015

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, 2015:


	Employee
	Related			Contractual
	Expenses			Obligations			Total
	(In thousands)
Accrued restructuring balance at July 31, 2015	$	1,437		$	91		$	1,528

Restructuring charges		1,069			18			1,087
Restructuring adjustments		(79	)		(1	)		(80	)
Cash paid		(1,045	)		(52	)		(1,097	)
Non-cash adjustments		14			1			15

Accrued restructuring balance at October 31, 2015	$	1,396		$	57		$	1,453


										All		Consolidated
	Americas			Asia			Europe			Other		Total
	(In thousands)
Accrued restructuring balance at July 31, 2015	$	235		$	253		$	1,026		$	14	$	1,528

Restructuring charges		797			253			37			—		1,087
Restructuring adjustments		—			—			(80	)		—		(80	)
Cash paid		(130	)		(407	)		(560	)		—		(1,097	)
Non-cash adjustments		—			1			14			—		15

Accrued restructuring balance at October 31, 2015	$	902		$	100		$	437		$	14	$	1,453

Net Restructuring Charges


	Three Months Ended
	October 31,
	2015		2014
	(In thousands)
Cost of revenue	$	815	$	1,882
Selling, general and administrative		192		19

	$	1,007	$	1,901

Debt (Tables)

3 Months Ended

Oct. 31, 2015

Net Carrying Value of the Notes


	October 31,			July 31,
	2015			2015
	(In thousands)
Carrying amount of equity component (net of allocated debt issuance costs)	$	27,163		$	27,163

Principal amount of Notes	$	100,000		$	100,000
Unamortized debt discount		(20,921	)		(22,136	)

Net carrying amount	$	79,079		$	77,864

Summary of Interest Expense Related to Convertible Notes

As of October 31, 2015, the remaining period over which the unamortized discount will be amortized is 40 months.


	Three Months Ended
	October 31,
	2015		2014
	(In thousands)
Interest expense related to contractual interest coupon	$	1,323	$	1,313
Interest expense related to accretion of the discount		1,215		1,027
Interest expense related to debt issuance costs		108		91

	$	2,646	$	2,431

Other Gains (Losses), Net (Tables)

3 Months Ended

Oct. 31, 2015

Components of Other Gains (Losses), Net

The following table reflects the components of “Other gains (losses), net”:


	Three Months Ended
	October 31,
	2015			2014
	(In thousands)
Foreign currency exchange gain (losses)	$	(574	)	$	704
Gain on disposal of assets		1,256			—
Gains (losses) on Trading Securities		(9,463	)		2,512
Other, net		348			(389	)

	$	(8,433	)	$	2,827

Earnings Per Share (Tables)

3 Months Ended

Oct. 31, 2015

Reconciliation of Earnings Per Share


	Three Months Ended
	October 31,
	2015			2014
	(In thousands, except per share data)
Net loss	$	(14,773	)	$	222

Weighted average common shares outstanding		51,766			51,875
Weighted average common equivalent shares arising from dilutive stock options and restricted stock		—			129

Weighted average number of common and potential common shares		51,766			52,004

Basic net income (loss) per share	$	(0.29	)	$	0.00
Diluted net income (loss) per share	$	(0.29	)	$	0.00

Share-Based Payments (Tables)

3 Months Ended

Oct. 31, 2015

Summary of Share-Based Compensation Expense Related to Employee Stock Options, Employee Stock Purchases and Nonvested Shares


	Three Months Ended
	October 31,
	2015		2014
	(In thousands)
Cost of revenue	$	31	$	94
Selling, general and administrative		425		315

	$	456	$	409

Comprehensive Income (Loss) (Tables)

3 Months Ended

Oct. 31, 2015

Accumulated Other Comprehensive Items

Accumulated other comprehensive items consist of the following:


	Foreign currency items			Pension items			Unrealized gains (losses) on securities		Total
	(In thousands)
Accumulated other comprehensive income (loss) at July 31, 2015	$	7,670		$	(4,206	)	$	46	$	3,510

Foreign currency translation adjustment		(869	)		—			—		(869	)
Net unrealized holding gain on securities		—			—			28		28

Net current-period other comprehensive income (loss)		(869	)		—			28		(841	)

Accumulated other comprehensive income (loss) at October 31, 2015	$	6,801		$	(4,206	)	$	74	$	2,669

Foreign Currency Contracts (Tables)

3 Months Ended

Oct. 31, 2015

Schedule of Foreign Currency Forward Contracts

As of October 31, 2015 and 2014, the aggregate notional amount of the Company’s outstanding foreign currency forward contracts was $15.2 million, as summarized below:


	October 31, 2015
Currency Contracts	Foreign Currency Amount		Notional Contract Value in USD
	(In thousands)
Buy CNH		76,245	$	11,603
Buy SGD		1,100		785

			$	12,388

Segment Information (Tables)

3 Months Ended

Oct. 31, 2015

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,
	2015			2014
	(In thousands)
Net revenue:
Americas	$	33,211		$	81,798
Asia		53,931			42,955
Europe		44,743			54,415
e-Business		9,204			8,276

	$	141,089		$	187,444

Operating income (loss):
Americas	$	(3,086	)	$	1,618
Asia		3,371			3,353
Europe		(1,031	)		(1,378	)
e-Business		(504	)		161

Total Segment operating income		(1,250	)		3,754
Corporate-level activity		(1,557	)		(2,607	)

Total operating income (loss)		(2,807	)		1,147

Total other income (expense)		(11,116	)		224

Income (loss) before income taxes	$	(13,923	)	$	1,371

Total Assets of Continuing Operations


	October 31,		July 31,
	2015		2015
	(In thousands)
Total assets:
Americas	$	38,873	$	41,367
Asia		158,336		122,277
Europe		91,449		67,783
e-Business		36,076		35,512

Sub-total - segment assets		324,734		266,939
Corporate		172,878		179,563

	$	497,612	$	446,502

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,
	2015		2014
	(In thousands)
Supply chain services	$	128,370	$	165,406
Aftermarket services		3,515		13,762
e-Business services		9,204		8,276

	$	141,089	$	187,444

Fair Value Measurement of Assets and Liabilities (Tables)

3 Months Ended

Oct. 31, 2015

Financial Assets Measured at Fair Value on Recurring Basis and Classified by Fair Value Hierarchy

The following tables presents the Company’s financial assets measured at fair value on a recurring basis as of October 31, 2015 and July 31, 2015, classified by fair value hierarchy:


			Fair Value Measurements at Reporting Date Using
(In thousands)	October 31, 2015		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	31,111	$	31,111	$	—	$	—
Marketable corporate bonds		11,281		11,281		—		—
Money market funds		99,557		99,557		—		—
Foreign currency contracts		315		—		315		—

			Fair Value Measurements at Reporting Date Using
(In thousands)	July 31, 2015		Level 1		Level 2		Level 3
Assets:
Marketable equity securities	$	37,396	$	37,396	$	—	$	—
Marketable corporate bonds		41,320		41,320		—		—
Money market funds		76,277		76,277		—		—

Debt not Carried at Fair Value

The following table presents the Company’s debt not carried at fair value:


	October 31, 2015				July 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In thousands)
Notes payable	$	79,079	$	81,000	$	77,864	$	88,188		Level 1

Components of Inventories (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015
Inventory [Line Items]
Raw materials	$ 51,689	$ 38,922
Work-in-process	813	536
Finished goods	5,252	9,282
Inventories, net	$ 57,754	$ 48,740

Investments - Additional information (Detail) - USD ($)		3 Months Ended
Investments - Additional information (Detail) - USD ($)	Oct. 14, 2015	Oct. 31, 2015	Jul. 31, 2015	Oct. 31, 2014
Investment [Line Items]
Trading securities		$ 42,392,000	$ 78,716,000
Sale of trading securities			3,900,000
Unsettled trades associated with the sale of common stock of a publicly traded entity	$ 2,100,000
Gains (losses) in trading securities		(9,463,000)		$ 2,512,000
Proceeds from the sale of trading securities		28,939,000
Impairment charges		42,000
Co-venturer
Investment [Line Items]
Impairment charges				0
Investment distribution income		$ 0
Co-venturer \| Maximum
Investment [Line Items]
Company's voting interest		50.00%
Co-venturer \| Minimum
Investment [Line Items]
Company's voting interest		20.00%
Co-venturer \| Private Agreements
Investment [Line Items]
Carrying value of investment		$ 0	0
Cash
Investment [Line Items]
Gains (losses) in trading securities		4,300,000	800,000
Non Cash
Investment [Line Items]
Gains (losses) in trading securities		(13,800,000)		$ 2,500,000
Convertible Debt Securities
Investment [Line Items]
Trading securities		$ 11,300,000	$ 41,300,000
Available For Sale Securities \| Co-venturer \| Maximum
Investment [Line Items]
Ownership interest on investment, percent		20.00%

Components of Other Current Liabilities (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015
Other Current Liabilities [Line Items]
Accrued pricing liabilities	$ 18,882	$ 18,882
Funds held for clients	20,683	21,807
Other	10,918	10,048
Other current liabilities	$ 50,483	$ 50,737

Other Current Liabilities - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015
Other Liabilities [Line Items]
Accrued pricing liabilities	$ 18,962	$ 18,882

Restructuring, Net - Additional Information (Detail) $ in Thousands	3 Months Ended
	Oct. 31, 2015 USD ($) Employee	Oct. 31, 2014 USD ($) Employee
Restructuring Cost and Reserve [Line Items]
Restructuring, net	$ 1,007	$ 1,901
Number of workforce reduction \| Employee	55	93
Employee Related Expenses \| Americas
Restructuring Cost and Reserve [Line Items]
Restructuring, net	$ 800	$ 400
Employee Related Expenses \| Asia
Restructuring Cost and Reserve [Line Items]
Restructuring, net	$ 300	500
Employee Related Expenses \| Europe
Restructuring Cost and Reserve [Line Items]
Restructuring, net		$ 1,000

Activity in Restructuring Accrual (Detail) $ in Thousands	3 Months Ended
Activity in Restructuring Accrual (Detail) $ in Thousands	Oct. 31, 2015 USD ($)
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	$ 1,528
Restructuring charges	1,087
Restructuring adjustments	(80)
Cash paid	(1,097)
Non-cash adjustments	15
Accrued restructuring, ending balance	1,453
Employee Related Expenses
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	1,437
Restructuring charges	1,069
Restructuring adjustments	(79)
Cash paid	(1,045)
Non-cash adjustments	14
Accrued restructuring, ending balance	1,396
Contractual Obligations
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	91
Restructuring charges	18
Restructuring adjustments	(1)
Cash paid	(52)
Non-cash adjustments	1
Accrued restructuring, ending balance	$ 57

Summary of Restructuring Accrual by Reportable Segment (Detail) $ in Thousands	3 Months Ended
	Oct. 31, 2015 USD ($)
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	$ 1,528
Restructuring charges	1,087
Restructuring adjustments	(80)
Cash paid	(1,097)
Non-cash adjustments	15
Accrued restructuring, ending balance	1,453
Americas
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	235
Restructuring charges	797
Cash paid	(130)
Accrued restructuring, ending balance	902
Asia
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	253
Restructuring charges	253
Cash paid	(407)
Non-cash adjustments	1
Accrued restructuring, ending balance	100
Europe
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	1,026
Restructuring charges	37
Restructuring adjustments	(80)
Cash paid	(560)
Non-cash adjustments	14
Accrued restructuring, ending balance	437
All Other
Restructuring Cost and Reserve [Line Items]
Accrued restructuring, beginning balance	14
Accrued restructuring, ending balance	$ 14

Net Restructuring Charges (Detail) - USD ($) $ in Thousands	3 Months Ended
Net Restructuring Charges (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Oct. 31, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring, net	$ 1,007	$ 1,901
Cost of revenue
Restructuring Cost and Reserve [Line Items]
Restructuring, net	815	1,882
Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Restructuring, net	$ 192	$ 19

Debt - Additional Information (Detail) - USD ($)				3 Months Ended
Debt - Additional Information (Detail) - USD ($)	Jun. 30, 2014	Mar. 18, 2014	Oct. 31, 2012	Oct. 31, 2015	Oct. 31, 2014	Jul. 31, 2015	Jul. 31, 2013
Debt Instrument [Line Items]
Debt instrument issued				$ 100,000,000		$ 100,000,000
Notes payable, Fair Value				81,000,000		88,188,000
Debt instrument, carrying amount				$ 79,079,000		77,864,000
Convertible debt, remaining discount amortization period				40 months
Wells Fargo Bank Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum credit commitment			$ 50,000,000
Line of credit facility, calculated borrowing base							$ 29,900,000
Credit facility expiry date				Oct. 31, 2015
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				$ 0
Wells Fargo Bank Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, percentage points added to the reference rate			2.50%
Wells Fargo Bank Credit Facility \| Base Rate
Debt Instrument [Line Items]
Debt instrument, percentage points added to the reference rate			1.50%
PNC Bank Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum credit commitment	$ 50,000,000
Credit facility expiry date				Jun. 30, 2019
Outstanding indebtedness under the Credit Facility				$ 0		$ 0
Line of credit facility, term	5 years
Line of credit facility, unutilized commitment fee percentage	0.25%
Scenario 1 \| PNC Bank Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, percentage points added to the reference rate	2.25%
Scenario 2 \| PNC Bank Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, percentage points added to the reference rate	1.00%
Scenario 2 \| PNC Bank Credit Facility \| Federal Funds Open Rate
Debt Instrument [Line Items]
Debt instrument, percentage points added to the reference rate	0.50%
Domestic Subsidiaries
Debt Instrument [Line Items]
Percentage of equity interests pledged				100.00%
Foreign Subsidiaries
Debt Instrument [Line Items]
Percentage of equity interests pledged				65.00%
Letter of Credit Sublimit \| PNC Bank Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum credit commitment	$ 5,000,000
Uncommitted Accordion Feature \| PNC Bank Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum credit commitment	$ 20,000,000
5.25% Convertible Senior Notes due 2019
Debt Instrument [Line Items]
Debt instrument issued		$ 100,000,000
Debt instrument, stated interest rate		5.25%		0.50%
Debt instrument, convertible, conversion ratio				166.2593
Initial Conversion price				$ 6.01
Debt instrument, redemption price percentage		100.00%
Debt instrument, convertible, earliest date				Mar. 06, 2017
Debt instrument, convertible, threshold percentage of stock price trigger				130.00%
Debt instrument, convertible, threshold trading days				20 days
Debt instrument, convertible, threshold consecutive trading days				30 days
Additional interest paid				$ 200,000
Debt instrument conversion option				28,100,000
Debt instrument issuance costs				3,400,000
Deferred debt instrument issuance costs				2,500,000
Debt instrument, interest expense				$ 2,646,000	$ 2,431,000
Debt instrument, interest rate, effective percentage				14.11%

Net Carrying Value of the Notes (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015
Debt Instrument [Line Items]
Carrying amount of equity component (net of allocated debt issuance costs)	$ 27,163	$ 27,163
Principal amount of Notes	100,000	100,000
Unamortized debt discount	(20,921)	(22,136)
Net carrying amount	$ 79,079	$ 77,864

Summary of Interest Expense Related to Convertible Notes (Detail) - 5.25% Convertible Senior Notes due 2019 - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Non Cash Convertible Debt Related Expense [Line Items]
Debt instrument, interest expense	$ 2,646	$ 2,431
Coupon interest rate
Non Cash Convertible Debt Related Expense [Line Items]
Debt instrument, interest expense	1,323	1,313
Accretion of debt discount
Non Cash Convertible Debt Related Expense [Line Items]
Debt instrument, interest expense	1,215	1,027
Amortization of debt issue cost
Non Cash Convertible Debt Related Expense [Line Items]
Debt instrument, interest expense	$ 108	$ 91

Contingencies - Additional Information (Detail) - USD ($) $ in Millions		12 Months Ended
	Jun. 08, 2015	Jul. 31, 2015
Commitments and Contingencies [Line Items]
Loss contingency		$ 1.6
Pending Litigation
Commitments and Contingencies [Line Items]
Damages sought	$ 1.0

Components of Other Gains (Losses), Net (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Component Of Other Expense Income Nonoperating [Line Items]
Foreign currency exchange gain (losses)	$ (574)	$ 704
Gain on disposal of assets	1,256
Gains (losses) on Trading Securities	(9,463)	2,512
Other, net	348	(389)
Other gains (losses), net	$ (8,433)	$ 2,827

Other Gains (Losses), Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Jul. 31, 2015	Oct. 31, 2014
Component Of Other Expense Income Nonoperating [Line Items]
Foreign currency exchange gains (losses)	$ (574)		$ 704
Non-cash gains (losses) in trading securities	(9,463)		2,512
Americas
Component Of Other Expense Income Nonoperating [Line Items]
Realized and unrealized gains (losses) from foreign currency exposures and settled transactions			100
Asia
Component Of Other Expense Income Nonoperating [Line Items]
Realized and unrealized gains (losses) from foreign currency exposures and settled transactions	(600)		(100)
Europe
Component Of Other Expense Income Nonoperating [Line Items]
Realized and unrealized gains (losses) from foreign currency exposures and settled transactions	(300)		1,000
Foreign Exchange Contract
Component Of Other Expense Income Nonoperating [Line Items]
Foreign currency exchange gains (losses)	300		(300)
Cash
Component Of Other Expense Income Nonoperating [Line Items]
Non-cash gains (losses) in trading securities	4,300	$ 800
Non Cash
Component Of Other Expense Income Nonoperating [Line Items]
Non-cash gains (losses) in trading securities	$ (13,800)		$ 2,500

Income Taxes - Additional Information (Detail) - USD ($)		3 Months Ended
	Dec. 29, 2014	Oct. 31, 2015	Jul. 31, 2015
Income Taxes [Line Items]
Unrecognized tax benefits related to federal, state and foreign taxes		$ 3,900,000	$ 3,900,000
Income tax positions penalties accrued		0
Unrecognized tax benefits expected to reverse in the next twelve months		$ 0
Tax Benefit Preservation Plan, adoption date		Oct. 17, 2011
Minimum
Income Taxes [Line Items]
Tax Benefit Preservation Plan, percentage of ownership require to obtain approval from board of directors to acquiring shares of the company's securities		4.99%
Federal \| Internal Revenue Service (IRS) \| Earliest Tax Year
Income Taxes [Line Items]
Tax examinations tax period		2011
Federal \| Internal Revenue Service (IRS) \| Latest Tax Year
Income Taxes [Line Items]
Tax examinations tax period		2015
State \| Earliest Tax Year
Income Taxes [Line Items]
Tax examinations tax period		2011
State \| Latest Tax Year
Income Taxes [Line Items]
Tax examinations tax period		2015
Foreign \| Europe Income Tax Authority \| Earliest Tax Year
Income Taxes [Line Items]
Tax examinations tax period		2008
Foreign \| Europe Income Tax Authority \| Latest Tax Year
Income Taxes [Line Items]
Tax examinations tax period		2014
Foreign \| Asia Income Tax Authority \| Earliest Tax Year
Income Taxes [Line Items]
Tax examinations tax period		2004
Foreign \| Asia Income Tax Authority \| Latest Tax Year
Income Taxes [Line Items]
Tax examinations tax period		2014
Handy & Harman \| Maximum
Income Taxes [Line Items]
Percentage of common shares outstanding permitted with protective amendment for acquired by HNH and its affiliates	45.00%

Reconciliation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net loss	$ (14,773)	$ 222
Weighted average common shares outstanding	51,766	51,875
Weighted average common equivalent shares arising from dilutive stock options and restricted stock		129
Weighted average number of common and potential common shares	51,766	52,004
Basic net income (loss) per share	$ (0.29)	$ 0.00
Diluted net income (loss) per share	$ (0.29)	$ 0.00

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Computation of Earnings Per Share [Line Items]
Common stock equivalent shares excluded from the denominator in the calculation of diluted earnings per share	21.7	21.1

Summary of Share-Based Compensation Expense Related to Employee Stock Options, Employee Stock Purchases and Non-Vested Shares (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 456	$ 409
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	31	94
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 425	$ 315

Share-Based Payments - Additional Information (Detail) $ in Millions	Oct. 31, 2015 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to nonvested shares	$ 0.7
Unrecognized share based compensation related to stock option	$ 1.7

Accumulated Other Comprehensive Items (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) at beginning of period	$ 3,510
Foreign currency translation adjustment	(869)	$ (2,639)
Net unrealized holding gain on securities	28	(7)
Other comprehensive income (loss)	(841)	$ (3,007)
Accumulated other comprehensive income (loss) at end of period	2,669
Foreign currency items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) at beginning of period	7,670
Foreign currency translation adjustment	(869)
Other comprehensive income (loss)	(869)
Accumulated other comprehensive income (loss) at end of period	6,801
Pension items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) at beginning of period	(4,206)
Accumulated other comprehensive income (loss) at end of period	(4,206)
Unrealized gains (losses) on Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) at beginning of period	46
Net unrealized holding gain on securities	28
Other comprehensive income (loss)	28
Accumulated other comprehensive income (loss) at end of period	$ 74

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Foreign Currency Contracts - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange gains (losses)	$ (574)	$ 704
Foreign Exchange Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	12,388	12,400
Foreign currency exchange gains (losses)	300	$ (300)
Foreign Exchange Contract \| Other Current Liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, notional amount	$ 300

Schedule of Foreign Currency Contracts (Detail) - Foreign Exchange Contract ¥ in Thousands, $ in Thousands, $ in Thousands	Oct. 31, 2015 USD ($)	Oct. 31, 2015 SGD ($)	Oct. 31, 2015 CNY (¥)	Oct. 31, 2014 USD ($)
Contractual Amounts Of Foreign Currency Forward Contracts [Line Items]
Derivative, notional amount	$ 12,388			$ 12,400
Buy CNH
Contractual Amounts Of Foreign Currency Forward Contracts [Line Items]
Derivative, notional amount	11,603		¥ 76,245
Buy SGD
Contractual Amounts Of Foreign Currency Forward Contracts [Line Items]
Derivative, notional amount	$ 785	$ 1,100

Segment Information - Additional Information (Detail) $ in Thousands	3 Months Ended
	Oct. 31, 2015 USD ($) Segment	Oct. 31, 2014 USD ($) Segment	Jul. 31, 2015 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| Segment	4
Number of reportable segments \| Segment	4	3
Total assets	$ 497,612		$ 446,502
Net revenue	141,089	$ 187,444
United States
Segment Reporting Information [Line Items]
Total assets	12,100		12,400
Net revenue	35,100	82,000
Ireland
Segment Reporting Information [Line Items]
Total assets	3,700		3,700
China
Segment Reporting Information [Line Items]
Total assets	3,300		3,300
Net revenue	37,500	34,800
Netherlands
Segment Reporting Information [Line Items]
Total assets	5,600		$ 5,200
Net revenue	20,700	25,100
Czech Republic
Segment Reporting Information [Line Items]
Net revenue	$ 22,300	$ 25,700

Summarized Financial Information of Continuing Operations by Operating Segment and Corporate-Level Activity (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Segment Reporting Information [Line Items]
Net revenue	$ 141,089	$ 187,444
Operating income (loss)	(2,807)	1,147
Total other income (expense)	(11,116)	224
Income (loss) before income taxes	(13,923)	1,371
Operating Segments
Segment Reporting Information [Line Items]
Operating income (loss)	(1,250)	3,754
Operating Segments \| Americas
Segment Reporting Information [Line Items]
Net revenue	33,211	81,798
Operating income (loss)	(3,086)	1,618
Operating Segments \| Asia
Segment Reporting Information [Line Items]
Net revenue	53,931	42,955
Operating income (loss)	3,371	3,353
Operating Segments \| Europe
Segment Reporting Information [Line Items]
Net revenue	44,743	54,415
Operating income (loss)	(1,031)	(1,378)
Operating Segments \| e-Business Services
Segment Reporting Information [Line Items]
Net revenue	9,204	8,276
Operating income (loss)	(504)	161
Corporate-level activity
Segment Reporting Information [Line Items]
Operating income (loss)	$ (1,557)	$ (2,607)

Total Assets of Continuing Operations (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015
Segment Reporting Information [Line Items]
Total assets	$ 497,612	$ 446,502
Operating Segments
Segment Reporting Information [Line Items]
Total assets	324,734	266,939
Operating Segments \| Americas
Segment Reporting Information [Line Items]
Total assets	38,873	41,367
Operating Segments \| Asia
Segment Reporting Information [Line Items]
Total assets	158,336	122,277
Operating Segments \| Europe
Segment Reporting Information [Line Items]
Total assets	91,449	67,783
Operating Segments \| e-Business Services
Segment Reporting Information [Line Items]
Total assets	36,076	35,512
Corporate-level activity
Segment Reporting Information [Line Items]
Total assets	$ 172,878	$ 179,563

Summarized Financial Information of Net Revenue from External Customers by Group of Services (Detail) - USD ($) $ in Thousands	3 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenue	$ 141,089	$ 187,444
Supply Chain Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenue	128,370	165,406
After Market Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenue	3,515	13,762
e-Business Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenue	$ 9,204	$ 8,276

Related Party Transactions - Additional Information (Detail) - SP Corporate - Management Services Agreement - USD ($)		3 Months Ended	12 Months Ended
	Dec. 24, 2014	Oct. 31, 2015	Jul. 31, 2015
Related Party Transaction [Line Items]
Fixed monthly fee to be paid in consideration of services	$ 175,000
Management services agreement, effective date of agreement		Jan. 01, 2015
Management services agreement, amended expiration date of agreement		Dec. 31, 2015
Management services agreement, renew period			1 year

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2015	Jul. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Defined benefit plans assets percentage invested in bank-managed portfolios	100.00%
Fair value, assets, Level 1 to Level 2 transfers, amount	$ 0	$ 0
Fair value, assets, Level 2 to Level 1 transfers, amount	0	0
Fair value, assets, transfers into Level 3	0	0
Fair value, assets, transfers out of Level 3	$ 0	$ 0

Financial Assets Measured at Fair Value on Recurring Basis and Classified by Fair Value Hierarchy (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015
Marketable equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, recurring	$ 31,111	$ 37,396
Marketable corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, recurring	11,281	41,320
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, recurring	99,557	76,277
Foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value disclosure, recurring	315
Fair Value, Inputs, Level 1 \| Marketable equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, recurring	31,111	37,396
Fair Value, Inputs, Level 1 \| Marketable corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, recurring	11,281	41,320
Fair Value, Inputs, Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure, recurring	99,557	$ 76,277
Fair Value, Inputs, Level 2 \| Foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value disclosure, recurring	$ 315

Debt not Carried at Fair Value (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Jul. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	$ 79,079	$ 77,864
Notes payable, Fair Value	$ 81,000	$ 88,188