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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 9/10/12 Hi Tech Pharmacal Co Inc 10-Q 7/31/12 64:3.3M Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 319K 2: EX-31.1 Certification -- §302 - SOA'02 HTML 24K 3: EX-31.2 Certification -- §302 - SOA'02 HTML 24K 4: EX-32 Certification -- §906 - SOA'02 HTML 18K 41: R1 Document and Entity Information HTML 38K 31: R2 Condensed Consolidated Balance Sheets HTML 120K 39: R3 Condensed Consolidated Balance Sheets HTML 39K (Parenthetical) 43: R4 Condensed Consolidated Statements of Operations HTML 94K (Unaudited) 58: R5 Consolidated Statements of Comprehensive Income HTML 34K (Unaudited) 33: R6 Condensed Consolidated Statements of Cash Flows HTML 80K 38: R7 Basis of Presentation HTML 29K 28: R8 Business HTML 22K 20: R9 Revenue Recognition HTML 21K 59: R10 Net Income Per Share HTML 23K 45: R11 Accounts Receivable HTML 55K 44: R12 Inventory HTML 28K 49: R13 Property and Equipment HTML 33K 50: R14 Intangible Assets HTML 52K 48: R15 Long-Term Debt HTML 25K 51: R16 Freight Expense HTML 20K 40: R17 Stock-Based Compensation HTML 35K 42: R18 Product Divestitures HTML 22K 47: R19 Income Taxes HTML 26K 63: R20 Contingencies and Other Matters HTML 47K 54: R21 Recent Accounting Pronouncements HTML 28K 35: R22 Significant Customers and Concentration of Credit HTML 25K Risk 46: R23 Fair Value Measurements HTML 37K 37: R24 Segment Information HTML 53K 15: R25 Accounts Receivable (Tables) HTML 51K 55: R26 Inventory (Tables) HTML 26K 60: R27 Property and Equipment (Tables) HTML 31K 24: R28 Intangible Assets (Tables) HTML 42K 23: R29 Stock-Based Compensation (Tables) HTML 29K 26: R30 Fair Value Measurements (Tables) HTML 27K 27: R31 Segment Information (Tables) HTML 44K 29: R32 Net Income Per Share (Details) HTML 19K 14: R33 Accounts Receivable (Details) HTML 28K 52: R34 Accounts Receivable (Details 1) HTML 32K 34: R35 Accounts Receivable (Details Textual) HTML 21K 36: R36 Inventory (Details) HTML 29K 18: R37 Property and Equipment (Details) HTML 34K 62: R38 Property and Equipment (Details Textual) HTML 29K 11: R39 Intangible Assets (Details) HTML 47K 30: R40 Intangible Assets (Details Textual) HTML 97K 57: R41 Long-Term Debt (Details) HTML 45K 17: R42 Freight Expense (Details) HTML 19K 22: R43 Stock-Based Compensation (Details) HTML 26K 25: R44 Stock-Based Compensation (Details Textual) HTML 42K 32: R45 Product Divestitures (Details) HTML 34K 13: R46 Income Taxes (Details) HTML 25K 19: R47 Contingencies and Other Matters (Details) HTML 65K 12: R48 Significant Customers and Concentration of Credit HTML 25K Risk (Details) 56: R49 Fair Value Measurements (Details) HTML 23K 16: R50 Fair Value Measurements (Details Textual) HTML 20K 53: R51 Segment Information (Details) HTML 35K 61: XML IDEA XML File -- Filing Summary XML 91K 21: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 456K 5: EX-101.INS XBRL Instance -- hitk-20120731 XML 686K 7: EX-101.CAL XBRL Calculations -- hitk-20120731_cal XML 118K 8: EX-101.DEF XBRL Definitions -- hitk-20120731_def XML 233K 9: EX-101.LAB XBRL Labels -- hitk-20120731_lab XML 722K 10: EX-101.PRE XBRL Presentations -- hitk-20120731_pre XML 484K 6: EX-101.SCH XBRL Schema -- hitk-20120731 XSD 141K 64: ZIP XBRL Zipped Folder -- 0001193125-12-386176-xbrl Zip 82K
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<instant> 2012-04-30 </instant> | |||||||||||||||||||||
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<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
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<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
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<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
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<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
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<endDate> 2012-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="ThreeMonthsEnded_31Jul2012_Amerisource_Bergen_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:MajorCustomersAxis"> hitk:AmerisourceBergenMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2012-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2012-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="ThreeMonthsEnded_31Jul2011_Mc_Kesson_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:MajorCustomersAxis"> hitk:McKessonMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2011-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2011-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="ThreeMonthsEnded_31Jul2011_Cardinal_Health_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:MajorCustomersAxis"> hitk:CardinalHealthMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2011-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2011-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="ThreeMonthsEnded_31Jul2011_Amerisource_Bergen_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:MajorCustomersAxis"> hitk:AmerisourceBergenMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2011-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2011-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_31Jul2011"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-07-31 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_02Mar2011"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-03-02 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="ThreeMonthsEnded_31Jul2012_Sinus_Buster_Intangible_Asset_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:SinusBusterIntangibleAssetMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2012-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2012-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_15Jun2010_Equipment_Financing_Agreement_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:CreditFacilityAxis"> hitk:EquipmentFinancingAgreementMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2010-06-15 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_13Oct2011_Equipment_Financing_Agreement_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:CreditFacilityAxis"> hitk:EquipmentFinancingAgreementMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-10-13 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_29Nov2011_Partnered_Anda_Intangible_Asset_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:PartneredAndaIntangibleAssetMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-11-29 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_30Apr2011"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-04-30 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_29July2011_Pseudoephedrine_Sulfate_Member_Kvk_License_Intangible_Assets_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="hitk:ChemicalAxis"> hitk:PseudoephedrineSulfateMember </xbrldi:explicitMember> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:KvkLicenseIntangibleAssetsMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-07-29 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_29July2011_Dexbrompheniramine_Maleate_Member_Kvk_License_Intangible_Assets_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="hitk:ChemicalAxis"> hitk:DexbrompheniramineMaleateMember </xbrldi:explicitMember> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:KvkLicenseIntangibleAssetsMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-07-29 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="TwelveMonthsEnded_30Apr2012"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2011-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2012-04-30 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="ThreeMonthsEnded_31Jul2012_Partnered_Anda_Intangible_Asset_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:PartneredAndaIntangibleAssetMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2012-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2012-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_31Jul2012_Orbivan_And_Zolvit_Intangible_Assets_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:OrbivanAndZolvitIntangibleAssetsMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2012-07-31 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_31Jul2012_Orbivan_And_Codeine_Intangible_Assets_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:OrbivanAndCodeineIntangibleAssetsMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2012-07-31 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_7Mar2012_Sinus_Buster_Intangible_Asset_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:SinusBusterIntangibleAssetMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2012-03-07 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_29July2011_Kvk_License_Intangible_Assets_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:KvkLicenseIntangibleAssetsMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-07-29 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_3Jul2009"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2009-07-03 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_31Jul2012"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2012-07-31 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_30Apr2012"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2012-04-30 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="ThreeMonthsEnded_31Jul2012_Tussicaps_Intangible_Asset_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:TussicapsIntangibleAssetMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2012-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2012-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_19Aug2011_Tussicaps_Intangible_Asset_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:TussicapsIntangibleAssetMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-08-19 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_28Jun2011_Atley_Pharma_Intangible_Assets_Member"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
<segment> | |||||||||||||||||||||
<xbrldi:explicitMember dimension="us-gaap:FiniteLivedIntangibleAssetsByMajorClassAxis"> hitk:AtleyPharmaIntangibleAssetsMember </xbrldi:explicitMember> | |||||||||||||||||||||
</segment> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2011-06-28 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="ThreeMonthsEnded_31Jul2011"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2011-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2011-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="BalanceAsOf_04Sep2012"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<instant> 2012-09-04 </instant> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<context id="May-01-2012_Jul-31-2012"> | |||||||||||||||||||||
<entity> | |||||||||||||||||||||
<identifier scheme="http://www.sec.gov/CIK"> 0000887497 </identifier> | |||||||||||||||||||||
</entity> | |||||||||||||||||||||
<period> | |||||||||||||||||||||
<startDate> 2012-05-01 </startDate> | |||||||||||||||||||||
<endDate> 2012-07-31 </endDate> | |||||||||||||||||||||
</period> | |||||||||||||||||||||
</context> | |||||||||||||||||||||
<!-- Unit Section --> | |||||||||||||||||||||
<unit id="Square_Foot"> | |||||||||||||||||||||
<measure> utr:sqft </measure> | |||||||||||||||||||||
</unit> | |||||||||||||||||||||
<unit id="USDEPS"> | |||||||||||||||||||||
<divide> | |||||||||||||||||||||
<unitNumerator> | |||||||||||||||||||||
<measure> iso4217:USD </measure> | |||||||||||||||||||||
</unitNumerator> | |||||||||||||||||||||
<unitDenominator> | |||||||||||||||||||||
<measure> xbrli:shares </measure> | |||||||||||||||||||||
</unitDenominator> | |||||||||||||||||||||
</divide> | |||||||||||||||||||||
</unit> | |||||||||||||||||||||
<unit id="Product"> | |||||||||||||||||||||
<measure> hitk:Product </measure> | |||||||||||||||||||||
</unit> | |||||||||||||||||||||
<unit id="Milligram"> | |||||||||||||||||||||
<measure> hitk:Milligram </measure> | |||||||||||||||||||||
</unit> | |||||||||||||||||||||
<unit id="Pure"> | |||||||||||||||||||||
<measure> xbrli:pure </measure> | |||||||||||||||||||||
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<unit id="Shares"> | |||||||||||||||||||||
<measure> xbrli:shares </measure> | |||||||||||||||||||||
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<unit id="USD"> | |||||||||||||||||||||
<measure> iso4217:USD </measure> | |||||||||||||||||||||
</unit> | |||||||||||||||||||||
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<us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 1 - us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock--> <!-- xbrl,ns --> <!-- xbrl,nx --> <font style="font-family:times new roman" size="2"><b></b></font> <font style="font-family:times new roman" size="2"><b></b></font> <font style="font-family:times new roman" size="2"><b></b></font> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>1. BASIS OF PRESENTATION: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“US 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 of the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The preparation of the Company’s financial statements in conformity with US GAAP necessarily requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the balance sheet dates and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates and assumptions. Operating results for the three month period ended July 31, 2012 are not necessarily indicative of the results that may be expected for the year ending April 30, 2013. For further information, refer to the consolidated financial statements and footnotes thereto for the year ended April 30, 2012 in the Company’s Annual Report on Form 10-K. </font></p> </us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:NatureOfOperations contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 2 - us-gaap:NatureOfOperations--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>2. BUSINESS: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Hi-Tech Pharmacal Co., Inc. (“Hi-Tech” or the “Company”, which may be referred to as “we”, “us” or “our”), a Delaware corporation, incorporated in April 1982, is a specialty pharmaceutical company developing, manufacturing and marketing generic and branded prescription and OTC products. The Company specializes in the manufacture of liquid and semi-solid dosage forms and produces a range of sterile ophthalmic, otic and inhalation products. The Company’s Health Care Products division is a developer and marketer of branded prescription and OTC products for the diabetes marketplace. Hi-Tech’s ECR Pharmaceuticals subsidiary markets branded prescription products. </font></p> </us-gaap:NatureOfOperations> | |||||||||||||||||||||
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<hitk:RevenueRecognitionTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 3 - hitk:RevenueRecognitionTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>3. REVENUE RECOGNITION: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Revenue is recognized for product sales upon shipment and passing of title and risk of loss to the customer and when estimates of discounts, rebates, promotional adjustments, price adjustments, returns, chargebacks, and other potential adjustments are reasonably determinable, collection is reasonably assured and the Company has no further performance obligations. These estimates are presented in the financial statements as reductions to net revenues and accounts receivable. Contract research income is recognized as work is completed and as billable costs are incurred. In certain cases, contract research income is based on attainment of designated milestones. Advance payments may be received to fund certain development costs. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Royalty income is related to sales of divested products which are sold by third parties. For those agreements, the Company recognizes revenue based on royalties reported by those third parties and earned during the applicable period. </font></p> </hitk:RevenueRecognitionTextBlock> | |||||||||||||||||||||
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<us-gaap:EarningsPerShareTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 4 - us-gaap:EarningsPerShareTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>4. NET INCOME PER SHARE: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Basic net income per common share is computed based on the weighted average number of common shares outstanding and on the weighted average number of common shares and share equivalents (stock options) outstanding for diluted earnings per share. The weighted average number of shares outstanding used in the computation of diluted net earnings per share does not include the effect of potentially outstanding common stock whose effect would have been antidilutive. Such outstanding potential shares consisted of options totaling 482,000 and 0 shares at July 31, 2012 and 2011, respectively. </font></p> </us-gaap:EarningsPerShareTextBlock> | |||||||||||||||||||||
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<us-gaap:FinancingReceivablesTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 5 - us-gaap:FinancingReceivablesTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>5. ACCOUNTS RECEIVABLE: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">We recognize revenue for product sales when title and risk of loss have transferred to our customers, when reliable estimates of rebates, chargebacks, returns and other adjustments can be made, and when collectability is reasonably assured. This is generally at the time that products are received by our direct customers. Upon recognizing revenue from a sale, we record estimates for chargebacks, rebates and incentive programs, product returns, cash discounts and other sales reserves that reduce accounts receivable. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px"> </p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">At July 31, 2012 and April 30, 2012, accounts receivable balances, net of returns and allowances and allowance for doubtful accounts, are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="70%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31, 2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30, 2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accounts receivable, gross</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">83,109,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">78,641,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Adjustment for returns and price allowances (a)</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(24,824,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(18,035,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Allowance for doubtful accounts</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(500,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(500,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accounts receivable, net</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57,785,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">60,106,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> <p style="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(a)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">directly reduces gross revenue </font></td> </tr> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Our product revenues are typically subject to agreements with customers allowing chargebacks, rebates, rights of return, pricing adjustments and other allowances. Based on our agreements and contracts with our customers, we calculate adjustments for these items when we recognize revenue and we book the adjustments against accounts receivable and revenue. Chargebacks, primarily from wholesalers, are the most significant of these items. Chargebacks result from arrangements we have with end users establishing prices for products for which the end user independently selects a wholesaler from which to purchase. A chargeback represents the difference between our invoice price to the wholesaler, which is typically stated at wholesale acquisition cost, and the end customer’s contract price, which is lower. We credit the wholesaler for purchases by end customers at the lower price. Therefore, we record these chargebacks at the time we recognize revenue in connection with our sales to wholesalers. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> The reserve for chargebacks is computed in the following manner. The Company obtains wholesaler inventory data for the wholesalers which represent approximately 95% of our chargeback activity. This inventory is multiplied by the historical percentage of units that are charged back and by the price adjustment per unit to arrive at the chargeback accrual. This calculation is performed by product by customer. The calculated amount of chargebacks could be affected by other factors such as: </font></p> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">•</font></td> <td width="1%" valign="top"><font size="1"> </font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">a change in retail customer mix </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">•</font></td> <td width="1%" valign="top"><font size="1"> </font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">a change in negotiated terms with retailers </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">•</font></td> <td width="1%" valign="top"><font size="1"> </font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">product sales mix at the wholesaler </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">•</font></td> <td width="1%" valign="top"><font size="1"> </font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">retail inventory levels </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">•</font></td> <td width="1%" valign="top"><font size="1"> </font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">changes in Wholesale Acquisition Cost (“WAC”) </font></p> </td> </tr> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> The Company continually monitors the chargeback activity and adjusts the provisions for chargebacks when we believe that the actual chargebacks will differ from our original provisions. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Consistent with industry practice, the Company maintains a return policy that allows our customers to return product within a specified period. The Company’s estimate for returns is based upon its historical experience with actual returns. The Company continually monitors its estimates for returns and makes adjustments when it believes that actual product returns may differ from the established accruals. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Included in the adjustment for sales allowances and returns is a reserve for credits taken by our customers for rebates, return authorizations and other discounts. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Sales discounts are granted for prompt payment. The reserve for sales discounts is based on invoices outstanding and assumes that 100% of available discounts will be taken. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Price adjustments, including shelf stock adjustments, are credits issued from time to time to reflect decreases in the selling prices of our products which our customer has remaining in its inventory at the time of the price reduction. Decreases in our selling prices are discretionary decisions made by us to reflect market conditions. Amounts recorded for estimated price adjustments are based upon specified terms with direct customers, estimated launch dates of competing products, estimated declines in market price and inventory held by the customer. The Company analyzes this on a case by case basis and makes adjustments to reserves as necessary. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company adequately reserves for chargebacks, discounts, allowances and returns in the period in which the sales takes place. No material amounts included in the provision for chargebacks and the provision for sales discounts recorded in the current period relate to sales made in the prior periods. The provision for sales allowances and returns includes reserves for items sold in the current and prior periods. The Company has substantially and consistently used the same estimating methods. We have refined the methods as new data became available. There have been no material differences between the estimates applied and actual results. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company determines amounts that are material to the financial statements in consideration of all relevant circumstances including quantitative and qualitative factors. Among the items considered is the impact on individual financial statement classification, operating income and footnote disclosures and the degree of precision that is attainable in estimating judgmental items. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px"> </p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table presents the roll forward of each significant estimate as of July 31, 2012 and July 31, 2011 and for the three months then ended, respectively. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="52%"> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="1%"> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:137pt"><font style="font-family:times new roman" size="1"><b></b><b><i>For the three months ended July 31, 2012</i></b><b></b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Beginning<br />Balance<br />May 1</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Current<br />Provision</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Actual Credits<br />in Current<br />Period</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Ending<br />Balance<br />July 31</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Chargebacks</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,477,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">38,460,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(35,221,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,716,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales discounts</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,813,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,337,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,230,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,920,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales allowances & returns</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,745,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,787,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,344,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,188,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total adjustment for returns & price allowances</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,035,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">54,584,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(47,795,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,824,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <tr> <td height="16"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:137pt"><font style="font-family:times new roman" size="1"><b></b><b><i>For the three months ended July 31, 2011</i></b><b></b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td colspan="2" valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td colspan="2" valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td colspan="2" valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td colspan="2" valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Chargebacks</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,588,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">34,908,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(31,422,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,074,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales discounts</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,353,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,275,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,900,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,728,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales allowances & returns</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,159,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,193,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,787,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,565,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total adjustment for returns & price allowances</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">17,100,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44,376,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(40,109,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,367,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> </us-gaap:FinancingReceivablesTextBlock> | |||||||||||||||||||||
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<us-gaap:InventoryDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 6 - us-gaap:InventoryDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>6. INVENTORY: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The components of inventory consist of the following: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Finished goods</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,958,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,015,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Work in process</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">720,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">440,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Raw materials</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,413,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,826,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total inventory</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,091,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">39,281,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> </us-gaap:InventoryDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 7 - us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>7. PROPERTY AND EQUIPMENT: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The components of property and equipment consist of the following: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Land and building and improvements</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,972,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,392,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Machinery and equipment</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">31,468,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">30,934,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Transportation equipment</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">69,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">55,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Computer equipment and systems</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,189,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,131,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Furniture and fixtures</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,257,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,237,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">59,955,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">58,749,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accumulated depreciation and amortization</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,698,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">28,769,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total property and equipment</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">30,257,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,980,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company incurred depreciation expense of $929,000 and $772,000 for the three months ended July 31, 2012 and 2011, respectively. No depreciation is taken on land with a carrying value of $1,860,000 at July 31, 2012 and April 30, 2012. </font></p> </us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:IntangibleAssetsDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 8 - us-gaap:IntangibleAssetsDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>8. INTANGIBLE ASSETS: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The components of net intangible assets are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="58%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Amortization Period</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">TussiCaps<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,386,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,134,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5-10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">ECR intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,325,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,506,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">MagOx<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,109,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,212,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Clobetasol intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,100,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,200,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Orbivan<font style="font-family:times new roman" size="1"><sup>®</sup></font> and Zolvit<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,971,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,014,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3-10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <!-- End Table Body --> </table> <p style="font-size:18px;margin-top:0px;margin-bottom:0px"><font size="1"> </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="57%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Amortization Period</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sinus Buster<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,448,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,513,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Zolpimist<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,438,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,531,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Zostrix<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,988,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,175,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3-11.5 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">KVK License intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,500,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,500,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Midlothian intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">640,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">669,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3-10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Vosol<font style="font-family:times new roman" size="1"><sup>®</sup></font> and Vosol<font style="font-family:times new roman" size="1"><sup>®</sup></font> HC intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">385,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">402,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Partnered ANDA intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">375,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">375,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">736,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">827,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">0.5-10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44,401,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">46,058,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Intangible assets are stated at cost, net of amortization using the straight line method over the expected useful lives of the product rights, once the related products begin to sell. Amortization expense of the intangible assets for the three months ended July 31, 2012 and 2011 was $1,757,000 and $775,000, respectively. The Company tests for impairment of intangible assets annually and when events or circumstances indicate that the carrying value of the assets may not be recoverable. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">On June 28, 2011, the Company acquired marketing and distribution rights to several unique branded products for the treatment of pain from Atley Pharmaceuticals. Some products were approved at the time of acquisition and others were subsequently approved by the Food and Drug Administration (“FDA”). The Company paid $3,220,000 in cash for rights to the products and inventory. Inventory acquired was valued at $298,000. The Company also paid an additional $200,000 for Orbivan<font style="font-family:times new roman" size="1"> <sup>®</sup></font> CF during the 2012 fiscal year and $100,000 for Orbivan<font style="font-family:times new roman" size="1"><sup> ®</sup></font> with Codeine in the quarter ended July 31, 2012. The Company agreed to pay an additional $355,000 within 180 days, less any amount which has been offset by certain claims. The Company will pay royalties for certain of these products under a license agreement it has assumed. In July 2011, the Company exercised its option to buy out one of the royalty streams related to one of the products for the amount of $500,000, which was paid in August 2011. Such amount has been presented as prepaid royalties. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">On July 29, 2011, the Company acquired marketing and distribution rights to an ANDA filing from KVK-Tech, Inc. for dexbrompheniramine maleate 6 mg/pseudoephedrine sulfate 120 mg extended release tablets for $2,000,000. Upon approval from the FDA, the product will be marketed by ECR Pharmaceuticals, the Company’s branded sales and marketing subsidiary, under the Lodrane<font style="font-family:times new roman" size="1"><sup>®</sup></font> brand name. The agreement provided for certain amounts to be refunded to Hi-Tech if the product had not been approved by the FDA by certain dates. As of July 31, 2012, the Company had received refunds of $500,000; therefore, the intangible asset is presented at a $1,500,000 value. The product has not been approved, and the Company may receive further refunds of up to $500,000. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2"> On August 19, 2011, the Company acquired Tussicaps<font style="font-family:times new roman" size="1"><sup>®</sup></font> extended-release capsules and some inventory from Mallinckrodt LLC (“Mallinckrodt”). The Company paid $11,600,000 in cash at the time of acquisition, has made through July 31, 2012 aggregate quarterly payments of $2,157,000 and may make additional payments of up to $10,344,000 over the next four years depending on the competitive landscape and sales performance. On the acquisition date, the Company had recorded a preliminary contingent liability of $11,993,000, which was adjusted to $11,189,000 during the third quarter of fiscal 2012, with the reduction of the contingent liability being offset by a reduction of the related intangible. The fair value of the contingent payment was estimated using the present value of management’s projection of the expected payments pursuant to the term of the agreement. As of July 31, 2012, the contingent payment liability amounted to $9,519,000, of which $2,875,000 is classified as a current liability. The decrease in the carrying amount was the result of payment made, offset by the accrual of interest on the outstanding balance. Tussicaps<font style="font-family:times new roman" size="1"><sup>®</sup></font> is covered by a patent which will expire in September 2024. The Company and Mallinckrodt entered into a manufacturing agreement pursuant to which Mallinckrodt will manufacture and supply the Tussicaps<font style="font-family:times new roman" size="1"><sup>®</sup></font> products to the Company for at least seven years. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On November 28, 2011, the Company entered into an asset purchase agreement to acquire an ANDA for a product and all product intellectual property. The purchase price of the ANDA and interest in the intellectual property is up to $3,000,000, under certain conditions and is payable in installments over 24 months. In connection with this asset purchase, the Company has entered into a collaboration agreement and profit sharing agreement with another party. The Company and the other party will each own 50% of the product and will each pay equal amounts in satisfaction of the purchase price obligation. The other party will also pay 50% of the development costs and share in 50% of the net profits. The Company made an initial payment of $375,000 on November 29, 2011. The Company has the right to terminate this agreement at any time and not pay subsequent installments. Upon termination by the Company, all interests in the assets acquired will be transferred back to the seller. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2"> On March 7, 2012, the Company acquired several homeopathic branded nasal spray products including Sinus Buster<font style="font-family:times new roman" size="1"><sup> ®</sup></font> and Allergy Buster<font style="font-family:times new roman" size="1"><sup>®</sup></font> from Dynova Laboratories, Inc. for $1,344,000 in cash and an additional $1,250,000 deposited in an escrow account to pay for potential expenses. Hi-Tech will also pay a 12% royalty on net sales for 3 1/2 years, or $1,750,000, whichever is reached first. The brands are being sold through the Company’s Health Care Products OTC division. </font></p> </us-gaap:IntangibleAssetsDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:LongTermDebtTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 9 - us-gaap:LongTermDebtTextBlock--> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>9. LONG-TERM DEBT: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company entered into a Revolving Credit Agreement, effective as of June 1, 2010, with JPMorgan Chase (the “Revolving Credit Agreement”). The Revolving Credit Agreement permits the Company to borrow up to $10,000,000 pursuant to a revolving credit note (“Revolving Credit Note”) for, among other things within certain sublimits, general corporate purposes, acquisitions, research and development projects and future stock repurchase programs. Loans shall bear interest at a rate equal to, at the Company’s option, in the case of a CB Floating Rate Loan, as defined in the Revolving Credit Agreement, the Prime Rate, as defined in the Revolving Credit Agreement; provided that, the CB Floating Rate shall never be less than the Adjusted One Month LIBOR, or for a LIBOR Loan, at a rate equal to the Adjusted LIBOR plus the Applicable Margin, as such terms are defined in the Revolving Credit Agreement. The Revolving Credit Agreement contains covenants customary for agreements of this type, including covenants relating to a liquidity ratio, a debt service coverage ratio and a minimum consolidated net income. Borrowings under the Revolving Credit Agreement mature on May 27, 2013. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">If an event of default under the Revolving Credit Agreement shall occur and be continuing, the commitments under the Revolving Credit Agreement may be terminated and the principal amount outstanding under the Revolving Credit Agreement, together with all accrued unpaid interest and other amounts owing under the Revolving Credit Agreement and related loan documents, may be declared immediately due and payable. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">As of July 31, 2012, there were no borrowings under the Revolving Credit Agreement. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company entered into a $5,000,000 equipment financing agreement with JPMorgan Chase on June 1, 2010. Loans bear interest at a rate equal to, at the Company’s option, in the case of a CB Floating Rate Loan, as defined in the agreement, the Prime Rate, as defined in the agreement; provided that, the CB Floating Rate shall never be less than the Adjusted One Month LIBOR, or for a LIBOR Loan, at a rate equal to the Adjusted LIBOR plus the Applicable Margin, as such terms are defined in the agreement. On June 15, 2010 the Company drew down $621,000 of the equipment financing line to fund a down payment for new filling and packaging equipment. On October 13, 2011, the Company borrowed an additional $1,155,000 to finance the remaining payments for the equipment. Total borrowings under the equipment financing agreement amount to $1,509,000 as of July 31, 2012. Borrowings under the equipment financing agreement mature on October 6, 2016 and require repayments in the amount of approximately $30,000 per month. In connection with this agreement, the Company has classified $355,000 as current portion of long-term debt. </font></p> </us-gaap:LongTermDebtTextBlock> | |||||||||||||||||||||
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<hitk:FreightExpenseDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 10 - hitk:FreightExpenseDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>10. FREIGHT EXPENSE: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Outgoing freight costs amounted to $1,308,000 and $985,000 for the three months ended July 31, 2012 and 2011, respectively, and are included in selling, general, and administrative expense. Incoming freight is included in cost of goods sold. </font></p> </hitk:FreightExpenseDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 11 - us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>11. STOCK-BASED COMPENSATION: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">US GAAP requires the measurement and recognition of compensation expense for all share-based payment awards made to employees, non-employee directors, and consultants, including employee stock options. Stock compensation expense based on the grant date fair value estimated in accordance with the provisions of US GAAP is recognized as an expense over the requisite service period. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">For stock options granted as consideration for services rendered by non-employees, the Company recognizes compensation expense in accordance with the requirements of the applicable accounting guidance. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company’s employee stock options are considered incentive stock options unless they do not meet the requirements for incentive stock options under the Internal Revenue Code. With incentive stock options, there is no tax deferred benefit associated with recording the stock-based compensation. </font></p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company recognized stock-based compensation for awards issued under the Company’s Stock Option Plans and Employee Stock Purchase Plan in the following line items in the condensed consolidated statements of operations: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Three months<br />ended<br />July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Three months<br />ended<br />July 31,<br />2011</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of goods sold</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">92,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">87,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Selling, general and administrative expenses</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">536,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">566,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Research and product development costs</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">157,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">83,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Stock-based compensation expense</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">785,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">736,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company has elected to use the Black-Scholes option-pricing model, which incorporates various assumptions including volatility, expected life, and interest rate. The expected volatility is based on the historical volatility of the Company’s common stock. The interest rates for periods within the contractual life of the award are based on the United States Treasury yield on the date of each option grant. The expected term of options represents the period that the Company’s stock-based awards are expected to be outstanding and was determined based on historical experience and vesting schedules of similar awards. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">All options granted through July 31, 2012 had exercise prices equal to the fair market value of the stock on the date of grant, a contractual term of ten years and generally a vesting period of four years. In accordance with US GAAP the Company adjusts share-based compensation on a quarterly basis for changes to the estimate of expected equity award forfeitures based on actual forfeiture experience. The effect of adjusting the forfeiture rate for all expense amortization after May 1, 2006 is recognized in the period the forfeiture estimate is changed. As of July 31, 2012, the weighted average forfeiture rate was 9% and the effect of forfeiture adjustments for the three months ended July 31, 2012 and 2011 was insignificant. On July 16, 2012 the Company granted 442,000 options to directors and employees for an exercise price of $32.59. The Company did not grant any options during the three months ended July 31, 2011. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The intrinsic value of options exercised for the Amended and Restated Stock Option Plan, the 2009 Stock Option Plan and the 1994 Directors Stock Option Plan, as amended was $1,736,000 and $583,000 for the three month periods ended July 31, 2012 and 2011, respectively. As of July 31, 2012, $10,352,000 of total unrecognized compensation cost related to stock options for both plans is expected to be recognized over a weighted average period of 3.1 years. </font></p> </us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock> | |||||||||||||||||||||
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<hitk:ProductDivestituresDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 12 - hitk:ProductDivestituresDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>12. PRODUCT DIVESTITURES: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On July 3, 2009 the Company entered into an agreement whereby the Company has granted the marketing rights to certain nutritional products previously marketed by our division, Midlothian Laboratories (“Midlothian”), in exchange for a series of payments totaling $1,000,000 over the course of one year. In addition, the Company received a royalty on the sales of these products, not to exceed $1,500,000 per year for three years ended June 30, 2012. Royalty income earned under this agreement amounted to $54,000 and $110,000 for the three months ended July 31, 2012 and 2011, respectively. The Company retained this royalty stream when it divested its Midlothian business. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Effective May 1, 2011, the Company divested Midlothian in exchange for a cash payment of $1,700,000. No gain or loss was recognized on the divesture as the Company had recorded an impairment charge of approximately $1,300,000 at April 30, 2011. The Company retained marketing and distribution rights to generic buprenorphine sublingual tablets, an ANDA that is filed with the FDA, an ANDA that is in development and a royalty stream from products previously divested, as discussed above. Metrics, Inc. acquired Midlothian from the Company. </font></p> </hitk:ProductDivestituresDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:IncomeTaxDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 13 - us-gaap:IncomeTaxDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>13. INCOME TAXES: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company estimated its effective tax rate to be approximately 33% for the year ending April 30, 2013. The decline in the effective tax rate compared to the prior period is due to a higher benefit from the domestic production activities tax credit and the exercise of stock options in the current period. On May 1, 2008, the Company adopted the provisions of ASC Topic 740-10, “Income Taxes” relating to recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company has elected an accounting policy to classify interest and penalties related to unrecognized tax benefits as interest expense. At July 31, 2012 and April 30, 2012, the Company did not have any amount recorded for uncertain tax positions. The Company is no longer subject to U.S. federal, state or local income tax examination for years ended prior to April 30, 2008. </font></p> </us-gaap:IncomeTaxDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 14 - us-gaap:CommitmentsAndContingenciesDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>14. CONTINGENCIES AND OTHER MATTERS: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>[1] <u>Government regulation:</u> </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> The Company’s products and facilities are subject to regulation by a number of Federal and State governmental agencies. The Food and Drug Administration (“FDA”), in particular, maintains oversight of the formulation, manufacture, distribution, packaging and labeling of all of the Company’s products. The Drug Enforcement Administration (“DEA”) maintains oversight over the Company’s products that are considered controlled substances. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px"> </p> <p style="margin-top:0px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">On March 2, 2011, the FDA indicated in its MedWatch publication that the FDA removed approximately 500 currently marketed cough/cold and allergy related products including Lodrane<font style="font-family:times new roman" size="1"><sup> ®</sup></font> products. Three of these were marketed by ECR Pharmaceuticals under the brand name Lodrane<font style="font-family:times new roman" size="1"><sup> ®</sup></font>. ECR Pharmaceuticals stopped shipping these products as of August 31, 2011. Sales of Lodrane<font style="font-family:times new roman" size="1"><sup> ®</sup></font> products amounted to approximately $0 and $2,400,000 for the three months ended July 31, 2012 and 2011, respectively. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On October 3, 2011 through October 19, 2011, the Company was subject to an inspection by the FDA. The inspection resulted in seven observations on Form 483, an FDA form on which deficiencies are noted after an FDA inspection, with inspector observations. The Company responded to those observations on November 7, 2011 and believes that its response to these observations was adequate. </font></p> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b><u>[2] Legal Proceedings: </u></b></font></p> <p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2"> On June 8, 2012, plaintiff Mathew Harrison, on behalf of himself and all others similarly situated, brought a class action lawsuit, Civil Action No. 12-2897, in the U.S. District Court for the Eastern District of New York, against Wayne Perry, Dynova Laboratories, Inc., Sicap Industries, LLC, Walgreens Co. and the Company, alleging, among other things, that their Sinus Buster<font style="font-family:times new roman" size="1"><sup> ®</sup></font> products are improperly marketed, labeled and sold as homeopathic products, and that these allegations support claims of fraud, unjust enrichment, breach of express and implied warranties and alleged violations of various state and federal statutes. The Company answered the complaint on July 17, 2012, and asserted cross-claims against the other defendants, except Walgreens which was dismissed from the case. The Company believes the complaint is without merit and intends to vigorously defend against the allegations in the complaint. The Company cannot predict the outcome of the action. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">On May 16, 2012, plaintiff David Delre, on behalf of himself and all others similarly situated, brought a class action lawsuit, Civil Action No. 12-2429, in the U.S. District Court for the Eastern District of New York, against Wayne Perry, Dynova Laboratories, Inc., Sicap Industries, LLC, and the Company, alleging, among other things, that their Sinus Buster<font style="font-family:times new roman" size="1"> <sup>®</sup></font> products are improperly marketed, labeled and sold as homeopathic products, and that these allegations support claims of fraud, unjust enrichment, breach of express and implied warranties and alleged violations of various state and federal statutes. The Company answered the complaint on June 26, 2012, and asserted cross-claims against the other defendants. The Company believes the complaint is without merit and intends to vigorously defend against the allegations in the complaint. The Company cannot predict the outcome of the action. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On June 1, 2012, the Company received a notice to preserve documents and electronically stored information in conjunction with a confidential civil investigative demand under the Texas Medicaid Fraud Prevention Act, Texas Human Resources Code, §36.001, et seq. relating to the submission of prices to Texas Medicaid in claims for reimbursement for prescription drugs. The Company has no estimate at this time of its potential exposure and cannot, at this time, predict the outcome of this matter. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On March 13, 2012, Allergan, Inc. (“Allergan”) filed a complaint against the Company in the United States District Court for the Middle District of North Carolina in response to the Company’s Paragraph IV certifications in its ANDA for Bimatoprost Topical Solution 0.03%, alleging infringement of U.S. Patents Nos. 8,038,988 for Allergan’s product, Latisse. On April 11, 2012 the Company answered the complaint. The Company believes the complaint is without merit and intends to vigorously defend against the allegations in the complaint. The Company cannot predict the outcome of the action. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On May 16, 2012, Allergan filed a complaint against the Company in the United States District Court for the Middle District of North Carolina in response to the Company’s Paragraph IV certifications in its ANDA for Bimatoprost Topical Solution 0.03%, alleging infringement of U.S. Patents Nos. 8,101,161 for Allergan’s product, Latisse. The Company answered the complaint on June 14, 2012. The Company believes the complaint is without merit and intends to vigorously defend against the allegations in the complaint. The Company cannot predict the outcome of the action. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">On January 27, 2012, Allergan filed a complaint against the Company in the U.S. District Court for the Eastern District of Texas for infringement of U.S. Patent No. 7,851,504 (“Enhanced Bimatoprost Ophthalmic Solution,” issued December 14, 2010) following a Paragraph IV certification as part of the Company’s filing of an ANDA to manufacture a generic version of Allergan’s Lumigan<font style="font-family:times new roman" size="1"><sup>®</sup></font> 0.01%. On February 23, 2012, the Company answered the complaint. The Company believes the complaint is without merit and intends to vigorously defend against the allegations in the complaint. The Company cannot predict the outcome of the action. </font></p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On August 17, 2011, Allergan and Duke University filed a complaint against the Company in the United States District Court for the Middle District of North Carolina in response to the Company’s Paragraph IV certifications in its ANDA for Bimatoprost Topical Solution 0.03%, alleging infringement of U.S. Patents Nos. 7,351,404; 7,388,029; and 6,403,649 for Allergan’s product, Latisse. On October 7, 2011, the Company answered the complaint asserting counterclaims. The plaintiffs responded to the counterclaims on October 31, 2011. The claims with respect to U.S. Patent No. 6,403,649 for Allergan’s product were dismissed on February 1, 2012. The Company believes the complaint is without merit and intends to vigorously defend against the allegations in the complaint. The Company cannot predict the outcome of the action. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">On October 31, 2011, Senju Pharmaceutical Co.; Kyorin Pharmaceutical Co.; and Allergan filed a complaint in the District Court of Delaware, Civil Action No. 1:11-cv-01059, in response to the Company’s Paragraph IV certification as part of its filing of an ANDA to manufacture a generic version of Allergan’s Zymar<font style="font-family:times new roman" size="1"> <sup>®</sup></font> (gatifloxacin ophthalmic solution, 0.3% ). The complaint alleges infringement of U.S. Patent Nos. 6,333,045 (“Aqueous Liquid Pharmaceutical Composition Comprised of Gatifloxacin,” issued on December 25, 2001) and 5,880,283 (“8-Alkoxyquinolonecarboxylic Acid Hydrate With Excellent Stability And Process For Producing The Same,” issued March 9, 1999), licensed to Allergan. On December 16, 2011, the Company answered the complaint. On August 28, 2012, the claims on U.S. patent No. 5,880,283 were dismissed. The Company believes the complaint is without merit and intends to vigorously defend against the allegations in the complaint. The Company cannot predict the outcome of the action. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2"> On October 11, 2011, Senju Pharmaceutical Co.; Kyorin Pharmaceutical Co.; and Allergan filed a complaint in the District Court of Delaware, Civil Action No. 1:11-cv-00926; in response to the Company’s Paragraph IV certification as part of its filing of an ANDA to manufacture a generic version of Allergan’s Zymaxid<font style="font-family:times new roman" size="1"><sup> ®</sup></font> (gatifloxacin ophthalmic solution, 0.5%). The complaint alleges infringement of U.S. Patent Nos. 6,333,045 (“Aqueous Liquid Pharmaceutical Composition Comprised of Gatifloxacin,” issued December 25, 2001) and 5,880,283 (“8-Alkoxyquinolonecarboxylic Acid Hydrate With Excellent Stability and Process for Producing the Same,” issued March 9, 1999), licensed to Allergan. On December 16, 2011, the Company answered the complaint. On August 28, 2012, the claims on U.S. patent No. 5,880,283 were dismissed. The Company believes the complaint is without merit and intends to vigorously defend against the allegations in the complaint. The Company cannot predict the outcome of the action. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On February 9, 2010, in the United States District Court for the District of Massachusetts (the “Federal District Court”), a “Partial Unsealing Order” was issued and unsealed in a civil case naming several pharmaceutical companies as defendants under the qui tam provisions of the federal civil False Claims Act (the “Qui Tam Complaint”). The qui tam provisions permit a private person, known as a “relator” (sometimes referred to as a “whistleblower”), to file civil actions under this statute on behalf of the federal and state governments. Pursuant to the Order, a Revised Corrected Seventh Amended Complaint was filed by the relator and unsealed on February 10, 2010. The relator in the Complaint is Constance A. Conrad. The Complaint alleges that several pharmaceutical companies submitted false records or statements to the United States through the Center for Medicare and Medicaid Services (“CMS”) and thereby caused false claims for payments to be made through state Medicaid Reimbursement programs for unapproved or ineffective drugs or for products that are not drugs at all. The Complaint alleges that the drugs were “New Drugs” that the FDA had not approved and that are expressly excluded from the definition of “Covered Outpatient Drugs”, which would have rendered them eligible for Medicaid reimbursement. The Complaint alleges these actions violate the federal civil False Claims Act. The Revised Corrected Seventh Amended Complaint did not name the Company as a defendant. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On February 9, 2010, the Court also unsealed the “United States’ Notice of Partial Declination” in which the government determined not to intervene against 68 named defendants, including the Company. On July 23, 2010, the relator further amended the Complaint, which, as amended, named the Company, including a subsidiary of the Company, as a defendant. On January 6, 2011, the Court issued an order unsealing the government’s notice of election to intervene as to a previously unnamed defendant. On July 25, 2011, the Court issued an order stating, among other things, that all parties agreed that the only defendant against whom the United States has elected to intervene is the previously unnamed defendant. On July 26, 2011, the relator filed its Tenth Amended Complaint, which removed the allegations against the Company’s subsidiary, but not the Company, realleging them against another party. The Company intends to vigorously defend against the remaining allegations in the relator’s Complaint. The Company cannot predict the outcome of the action. </font></p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b><u>[3] Commitments and Contingencies: </u></b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> The Company’s ECR Pharmaceuticals subsidiary currently leases approximately 12,000 square feet in Richmond, VA. This lease ends August 31, 2014. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In June 2010, the Company entered into an agreement to lease a parking lot in Amityville, NY. The Company will pay $90,000 over a five year period. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In the course of its business, the Company enters into agreements which require the Company to make royalty payments which are generally based on net sales or gross profits of certain products. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">In connection with the Tussicaps<font style="font-family:times new roman" size="1"> <sup>®</sup></font> acquisition, the Company entered into a manufacturing agreement which requires the Company to make a minimum purchase of $500,000 in the first year and $1,000,000 per year over the next four years. </font></p> </us-gaap:CommitmentsAndContingenciesDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 15 - us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>15. RECENT ACCOUNTING PRONOUNCEMENTS: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In December 2011, the Financial Accounting Standards Board (“FASB”) updated the accounting guidance relating to offsetting assets and liabilities in financial statements. The updated guidance requires companies to disclose both gross and net information about both instruments and transactions eligible for offset in the statement of financial position and instruments and transactions subject to an agreement similar to a master netting arrangement. The updated guidance is effective for the Company beginning in the third quarter of fiscal year 2013. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In July 2012, the FASB issued accounting guidance to simplify the testing for a drop in value of indefinite-lived intangible assets. Under the updated guidance, an entity has the option of first performing a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired before proceeding to the quantitative impairment test under which it would calculate the asset’s fair value. When performing the qualitative assessment, the entity must evaluate events and circumstances that may affect the significant inputs used to determine the fair value of the indefinite-lived intangible asset. This guidance is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. We do not expect this guidance to have a material impact on our financial statements. </font></p> </us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock> | |||||||||||||||||||||
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<us-gaap:ConcentrationRiskDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 16 - us-gaap:ConcentrationRiskDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>16. SIGNIFICANT CUSTOMERS AND CONCENTRATION OF CREDIT RISK: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">For the three months ended July 31, 2012, four customers, McKesson, Cardinal Health, Walgreens and AmerisourceBergen, accounted for net sales of approximately 23%, 15%, 13% and 12%, respectively. These customers represented approximately 75% of accounts receivable at July 31, 2012. For the three months ended July 31, 2011, three customers, McKesson, AmerisourceBergen and Cardinal Health, accounted for net sales of approximately 15%, 11% and 10%, respectively. These customers represented approximately 62% of accounts receivable at April 30, 2012. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> The Company maintains cash and cash equivalents primarily with major financial institutions. Such amounts exceed FDIC limits. </font></p> </us-gaap:ConcentrationRiskDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:FairValueDisclosuresTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 17 - us-gaap:FairValueDisclosuresTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>17. FAIR VALUE MEASUREMENTS: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The accounting guidance under ASC “Fair Value Measurements and Disclosures” (“ASC 820-10”) utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. A brief description of those levels is as follows: </font></p> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">•</font></td> <td width="1%" valign="top"><font size="1"> </font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities. </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">•</font></td> <td width="1%" valign="top"><font size="1"> </font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"><font size="1"> </font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">•</font></td> <td width="1%" valign="top"><font size="1"> </font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">Level 3: Significant unobservable inputs. </font></p> </td> </tr> </table> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company’s financial liabilities subject to fair value measurements as of July 31, 2012 was as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="74%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom" colspan="8" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"> <p style="margin-top:0px;margin-bottom:1px" align="center"><font style="font-family:times new roman" size="1"><b>Fair Value Measurements Using Fair Value Hierarchy</b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair Value</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Level 3</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Contingent payment liability</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,519,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,519,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company’s financial liabilities subject to fair value measurements as of April 30, 2012 were as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom" colspan="8" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"> <p style="margin-top:0px;margin-bottom:1px" align="center"><font style="font-family:times new roman" size="1"><b>Fair Value Measurements Using Fair Value Hierarchy</b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair Value</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Level 3</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Contingent payment liability</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,103,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,103,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">The fair value of the contingent payment liability was estimated using the present value of management’s projection of the expected payments pursuant to the term of the Tussicaps<font style="font-family:times new roman" size="1"><sup>®</sup></font> agreement (see Note 8). The present value of the contingent liability was computed using a discount rate of 5.2%. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The carrying value of certain financial instruments such as cash and cash equivalents, accounts receivable and accounts payable approximate their fair values due to their short-term nature of their underlying terms. The carrying value of the long-term debt approximate its fair value based upon its variable market interest rates, which approximates current market interest. </font></p> </us-gaap:FairValueDisclosuresTextBlock> | |||||||||||||||||||||
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<us-gaap:SegmentReportingDisclosureTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 18 - us-gaap:SegmentReportingDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>18. SEGMENT INFORMATION: </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company operates in three reportable business segments: generic pharmaceuticals (referred to as “Hi-Tech Generics”), OTC branded pharmaceuticals (referred to as “Health Care Products”, or “HCP”) and prescription brands (referred to as “ECR”). Branded products are marketed under brand names through marketing programs that are designed to generate physician and consumer loyalty. Generic pharmaceutical products are the chemical and therapeutic equivalents of corresponding brand drugs. Our Chief Operating Decision Maker is our Chief Executive Officer. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The business segments were determined based on management’s reporting and decision-making requirements in accordance with FASB ASC 280-10 Segment Reporting. The generic products represent a single operating segment because the demand for these products is mainly driven by consumers seeking a lower cost alternative to brand name drugs. Certain of our expenses, such as the direct sales force and other sales and marketing expenses and specific research and development expenses, are charged directly to the respective segments. Other expenses, such as general and administrative expenses are included under the Corporate and other cost center. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="51%"> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Hi-Tech</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>HCP</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>ECR</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Corp/Other</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Total</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b><i><u>For the three months ended July 31, 2012</u></i></b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,922,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,026,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,095,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52,043,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of goods sold</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,724,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,340,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">658,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">26,722,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gross profit</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,198,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,686,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,437,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,321,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Operating income (loss) before income taxes</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,814,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(743,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,797,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,288,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,986,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b><i><u>For the three months ended July 31, 2011</u></i></b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">48,969,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,535,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,707,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">56,211,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of goods sold</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,927,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,523,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,525,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">22,975,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gross profit</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,042,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,012,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,182,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">33,236,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Operating income (loss) before income taxes</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">23,730,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">253,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(243,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,872,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,868,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> </us-gaap:SegmentReportingDisclosureTextBlock> | |||||||||||||||||||||
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<us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: hitk-20120731_note5_table1 - us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock--> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">At July 31, 2012 and April 30, 2012, accounts receivable balances, net of returns and allowances and allowance for doubtful accounts, are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="70%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31, 2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30, 2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accounts receivable, gross</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">83,109,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">78,641,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Adjustment for returns and price allowances (a)</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(24,824,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(18,035,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Allowance for doubtful accounts</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(500,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(500,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accounts receivable, net</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57,785,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">60,106,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> <p style="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%"> </p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(a)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">directly reduces gross revenue </font></td> </tr> </table> </us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock> | |||||||||||||||||||||
<!-- End Block Tagged Note Table: hitk-20120731_note5_table1 --> <!-- Begin Block Tagged Note Table: hitk-20120731_note5_table2 --> | |||||||||||||||||||||
<us-gaap:ScheduleOfChangeInAccountingEstimateTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: hitk-20120731_note5_table2 - us-gaap:ScheduleOfChangeInAccountingEstimateTextBlock--> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table presents the roll forward of each significant estimate as of July 31, 2012 and July 31, 2011 and for the three months then ended, respectively. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="52%"> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="1%"> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:137pt"><font style="font-family:times new roman" size="1"><b></b><b><i>For the three months ended July 31, 2012</i></b><b></b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Beginning<br />Balance<br />May 1</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Current<br />Provision</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Actual Credits<br />in Current<br />Period</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Ending<br />Balance<br />July 31</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Chargebacks</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,477,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">38,460,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(35,221,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,716,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales discounts</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,813,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,337,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,230,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,920,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales allowances & returns</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,745,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,787,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,344,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,188,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total adjustment for returns & price allowances</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,035,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">54,584,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(47,795,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,824,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <tr> <td height="16"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> <td height="16" colspan="4"> </td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:137pt"><font style="font-family:times new roman" size="1"><b></b><b><i>For the three months ended July 31, 2011</i></b><b></b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td colspan="2" valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td colspan="2" valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td colspan="2" valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td colspan="2" valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Chargebacks</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,588,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">34,908,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(31,422,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,074,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales discounts</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,353,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,275,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,900,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,728,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales allowances & returns</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,159,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,193,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,787,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,565,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total adjustment for returns & price allowances</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">17,100,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44,376,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(40,109,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,367,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> </us-gaap:ScheduleOfChangeInAccountingEstimateTextBlock> | |||||||||||||||||||||
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<us-gaap:ScheduleOfInventoryCurrentTableTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: hitk-20120731_note6_table1 - us-gaap:ScheduleOfInventoryCurrentTableTextBlock--> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The components of inventory consist of the following: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Finished goods</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,958,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,015,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Work in process</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">720,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">440,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Raw materials</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,413,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,826,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total inventory</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,091,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">39,281,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> </us-gaap:ScheduleOfInventoryCurrentTableTextBlock> | |||||||||||||||||||||
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<us-gaap:PropertyPlantAndEquipmentTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: hitk-20120731_note7_table1 - us-gaap:PropertyPlantAndEquipmentTextBlock--> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The components of property and equipment consist of the following: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Land and building and improvements</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,972,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,392,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Machinery and equipment</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">31,468,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">30,934,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Transportation equipment</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">69,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">55,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Computer equipment and systems</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,189,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,131,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Furniture and fixtures</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,257,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,237,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">59,955,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">58,749,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accumulated depreciation and amortization</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,698,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">28,769,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total property and equipment</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">30,257,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,980,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> </us-gaap:PropertyPlantAndEquipmentTextBlock> | |||||||||||||||||||||
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<us-gaap:ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: hitk-20120731_note8_table1 - us-gaap:ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock--> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The components of net intangible assets are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="58%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Amortization Period</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">TussiCaps<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,386,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,134,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5-10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">ECR intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,325,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,506,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">MagOx<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,109,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,212,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Clobetasol intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,100,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,200,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Orbivan<font style="font-family:times new roman" size="1"><sup>®</sup></font> and Zolvit<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,971,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,014,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3-10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <!-- End Table Body --> </table> <p style="font-size:18px;margin-top:0px;margin-bottom:0px"><font size="1"> </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="57%"> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="5%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April 30,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Amortization Period</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sinus Buster<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,448,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,513,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Zolpimist<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,438,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,531,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Zostrix<font style="font-family:times new roman" size="1"><sup>®</sup></font> intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,988,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,175,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3-11.5 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">KVK License intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,500,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,500,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Midlothian intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">640,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">669,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3-10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Vosol<font style="font-family:times new roman" size="1"><sup>®</sup></font> and Vosol<font style="font-family:times new roman" size="1"><sup>®</sup></font> HC intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">385,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">402,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Partnered ANDA intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">375,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">375,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">736,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">827,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">0.5-10 years</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total intangible assets</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44,401,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">46,058,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <!-- End Table Body --> </table> </us-gaap:ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock> | |||||||||||||||||||||
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<us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: hitk-20120731_note11_table1 - us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock--> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company recognized stock-based compensation for awards issued under the Company’s Stock Option Plans and Employee Stock Purchase Plan in the following line items in the condensed consolidated statements of operations: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%"> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="7%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Three months<br />ended<br />July 31,<br />2012</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Three months<br />ended<br />July 31,<br />2011</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of goods sold</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">92,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">87,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Selling, general and administrative expenses</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">536,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">566,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Research and product development costs</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">157,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">83,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Stock-based compensation expense</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">785,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">736,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> </us-gaap:ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock> | |||||||||||||||||||||
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<us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: hitk-20120731_note17_table1 - us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock--> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company’s financial liabilities subject to fair value measurements as of July 31, 2012 was as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="74%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom" colspan="8" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"> <p style="margin-top:0px;margin-bottom:1px" align="center"><font style="font-family:times new roman" size="1"><b>Fair Value Measurements Using Fair Value Hierarchy</b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair Value</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Level 3</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Contingent payment liability</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,519,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,519,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company’s financial liabilities subject to fair value measurements as of April 30, 2012 were as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom" colspan="8" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"> <p style="margin-top:0px;margin-bottom:1px" align="center"><font style="font-family:times new roman" size="1"><b>Fair Value Measurements Using Fair Value Hierarchy</b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair Value</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Level 3</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Contingent payment liability</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,103,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,103,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> </us-gaap:FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock> | |||||||||||||||||||||
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<hitk:MethodOfAllocatingExpensesTableTextBlock contextRef="May-01-2012_Jul-31-2012"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: hitk-20120731_note18_table1 - hitk:MethodOfAllocatingExpensesTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="51%"> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Hi-Tech</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>HCP</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>ECR</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Corp/Other</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Total</b></font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b><i><u>For the three months ended July 31, 2012</u></i></b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,922,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,026,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,095,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52,043,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of goods sold</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,724,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,340,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">658,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">26,722,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gross profit</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,198,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,686,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,437,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,321,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Operating income (loss) before income taxes</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,814,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(743,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,797,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,288,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,986,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b><i><u>For the three months ended July 31, 2011</u></i></b></font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">48,969,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,535,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,707,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">56,211,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of goods sold</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,927,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,523,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,525,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">22,975,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gross profit</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,042,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,012,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,182,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">— </font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">33,236,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Operating income (loss) before income taxes</font></p> </td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">23,730,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">253,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(243,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,872,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">) </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,868,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"> </font></td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td valign="bottom"> <p style="border-top:3px double #000000"> </p> </td> <td> </td> </tr> <!-- End Table Body --> </table> </hitk:MethodOfAllocatingExpensesTableTextBlock> | |||||||||||||||||||||
<!-- End Block Tagged Note Table: hitk-20120731_note18_table1 --> | |||||||||||||||||||||
<dei:AmendmentFlag contextRef="May-01-2012_Jul-31-2012"> false </dei:AmendmentFlag> | |||||||||||||||||||||
<dei:CurrentFiscalYearEndDate contextRef="May-01-2012_Jul-31-2012"> --04-30 </dei:CurrentFiscalYearEndDate> | |||||||||||||||||||||
<dei:DocumentFiscalPeriodFocus contextRef="May-01-2012_Jul-31-2012"> Q1 </dei:DocumentFiscalPeriodFocus> | |||||||||||||||||||||
<dei:DocumentFiscalYearFocus contextRef="May-01-2012_Jul-31-2012"> 2013 </dei:DocumentFiscalYearFocus> | |||||||||||||||||||||
<dei:DocumentPeriodEndDate contextRef="May-01-2012_Jul-31-2012"> 2012-07-31 </dei:DocumentPeriodEndDate> | |||||||||||||||||||||
<dei:DocumentType contextRef="May-01-2012_Jul-31-2012"> 10-Q </dei:DocumentType> | |||||||||||||||||||||
<dei:EntityCentralIndexKey contextRef="May-01-2012_Jul-31-2012"> 0000887497 </dei:EntityCentralIndexKey> | |||||||||||||||||||||
<dei:EntityCommonStockSharesOutstanding contextRef="BalanceAsOf_04Sep2012" unitRef="Shares" decimals="INF"> 13186000 </dei:EntityCommonStockSharesOutstanding> | |||||||||||||||||||||
<dei:EntityFilerCategory contextRef="May-01-2012_Jul-31-2012"> Accelerated Filer </dei:EntityFilerCategory> | |||||||||||||||||||||
<dei:EntityRegistrantName contextRef="May-01-2012_Jul-31-2012"> HI TECH PHARMACAL CO INC </dei:EntityRegistrantName> | |||||||||||||||||||||
<hitk:AccountsReceivableChargebackToInventory contextRef="May-01-2012_Jul-31-2012" unitRef="Pure" decimals="INF"> 1.00 </hitk:AccountsReceivableChargebackToInventory> | |||||||||||||||||||||
<hitk:AccountsReceivableDiscountAssumptionRate contextRef="May-01-2012_Jul-31-2012" unitRef="Pure" decimals="2"> 0.95 </hitk:AccountsReceivableDiscountAssumptionRate> | |||||||||||||||||||||
<hitk:AcquiredFiniteLivedIntangiblePurchasePriceQuarterlyRepaymentAmount contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 2157000 </hitk:AcquiredFiniteLivedIntangiblePurchasePriceQuarterlyRepaymentAmount> | |||||||||||||||||||||
<hitk:AdditionalAmountPaidForAcquiringRights contextRef="BalanceAsOf_28Jun2011_Atley_Pharma_Intangible_Assets_Member" unitRef="USD" decimals="0"> 355000 </hitk:AdditionalAmountPaidForAcquiringRights> | |||||||||||||||||||||
<hitk:AdditionalAmountPaidForAcquiringRights contextRef="BalanceAsOf_19Aug2011_Tussicaps_Intangible_Asset_Member" unitRef="USD" decimals="0"> 10344000 </hitk:AdditionalAmountPaidForAcquiringRights> | |||||||||||||||||||||
<hitk:AdjustmentOfPreliminaryContingentLiability contextRef="ThreeMonthsEnded_31Jul2012_Tussicaps_Intangible_Asset_Member" unitRef="USD" decimals="0"> 11189000 </hitk:AdjustmentOfPreliminaryContingentLiability> | |||||||||||||||||||||
<hitk:AllowanceForAccountsReceivableReturnAndOtherAllowance contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 18035000 </hitk:AllowanceForAccountsReceivableReturnAndOtherAllowance> | |||||||||||||||||||||
<hitk:AllowanceForAccountsReceivableReturnAndOtherAllowance contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 24824000 </hitk:AllowanceForAccountsReceivableReturnAndOtherAllowance> | |||||||||||||||||||||
<hitk:AmountReceivedOnExchangeOfMarketingRights contextRef="BalanceAsOf_3Jul2009" unitRef="USD" decimals="0"> 1000000 </hitk:AmountReceivedOnExchangeOfMarketingRights> | |||||||||||||||||||||
<hitk:CashPaidForAcquiringMarketingAndDistributionRights contextRef="BalanceAsOf_28Jun2011_Atley_Pharma_Intangible_Assets_Member" unitRef="USD" decimals="0"> 3220000 </hitk:CashPaidForAcquiringMarketingAndDistributionRights> | |||||||||||||||||||||
<hitk:CashPaidForAcquiringMarketingAndDistributionRights contextRef="BalanceAsOf_29July2011_Kvk_License_Intangible_Assets_Member" unitRef="USD" decimals="0"> 2000000 </hitk:CashPaidForAcquiringMarketingAndDistributionRights> | |||||||||||||||||||||
<hitk:CashPaidForAcquiringMarketingAndDistributionRights contextRef="BalanceAsOf_19Aug2011_Tussicaps_Intangible_Asset_Member" unitRef="USD" decimals="0"> 11600000 </hitk:CashPaidForAcquiringMarketingAndDistributionRights> | |||||||||||||||||||||
<hitk:CashPaidForAcquiringMarketingAndDistributionRights contextRef="BalanceAsOf_7Mar2012_Sinus_Buster_Intangible_Asset_Member" unitRef="USD" decimals="0"> 1344000 </hitk:CashPaidForAcquiringMarketingAndDistributionRights> | |||||||||||||||||||||
<hitk:CashPaidForAcquiringMarketingAndDistributionRights contextRef="BalanceAsOf_31Jul2012_Orbivan_And_Codeine_Intangible_Assets_Member" unitRef="USD" decimals="0"> 100000 </hitk:CashPaidForAcquiringMarketingAndDistributionRights> | |||||||||||||||||||||
<hitk:CashPaidForAcquiringMarketingAndDistributionRights contextRef="BalanceAsOf_31Jul2012_Orbivan_And_Zolvit_Intangible_Assets_Member" unitRef="USD" decimals="0"> 200000 </hitk:CashPaidForAcquiringMarketingAndDistributionRights> | |||||||||||||||||||||
<hitk:CollaborationAgreementBetweenPartiesToOwnEqualPercentageInDevelopmentCost contextRef="ThreeMonthsEnded_31Jul2012_Partnered_Anda_Intangible_Asset_Member" unitRef="Pure" decimals="2"> 0.50 </hitk:CollaborationAgreementBetweenPartiesToOwnEqualPercentageInDevelopmentCost> | |||||||||||||||||||||
<hitk:CollaborationAgreementBetweenPartiesToOwnEqualPercentageInPurchaseOfProduct contextRef="ThreeMonthsEnded_31Jul2012_Partnered_Anda_Intangible_Asset_Member" unitRef="Pure" decimals="2"> 0.50 </hitk:CollaborationAgreementBetweenPartiesToOwnEqualPercentageInPurchaseOfProduct> | |||||||||||||||||||||
<hitk:ContingentPaymentLiabilityNetOfCurrentPortion contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 7228000 </hitk:ContingentPaymentLiabilityNetOfCurrentPortion> | |||||||||||||||||||||
<hitk:ContingentPaymentLiabilityNetOfCurrentPortion contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 6644000 </hitk:ContingentPaymentLiabilityNetOfCurrentPortion> | |||||||||||||||||||||
<hitk:ContractualTermOfStockOptionsGranted contextRef="May-01-2012_Jul-31-2012"> P10Y </hitk:ContractualTermOfStockOptionsGranted> | |||||||||||||||||||||
<hitk:CurrentPortionOfContingentPaymentLiability contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 2875000 </hitk:CurrentPortionOfContingentPaymentLiability> | |||||||||||||||||||||
<hitk:CurrentPortionOfContingentPaymentLiability contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 2875000 </hitk:CurrentPortionOfContingentPaymentLiability> | |||||||||||||||||||||
<hitk:DepreciationLand contextRef="TwelveMonthsEnded_30Apr2012" unitRef="USD" decimals="0"> 0 </hitk:DepreciationLand> | |||||||||||||||||||||
<hitk:DepreciationLand contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 0 </hitk:DepreciationLand> | |||||||||||||||||||||
<hitk:ExtendedReleaseTablets contextRef="BalanceAsOf_29July2011_Dexbrompheniramine_Maleate_Member_Kvk_License_Intangible_Assets_Member" unitRef="Milligram" decimals="0"> 6 </hitk:ExtendedReleaseTablets> | |||||||||||||||||||||
<hitk:ExtendedReleaseTablets contextRef="BalanceAsOf_29July2011_Pseudoephedrine_Sulfate_Member_Kvk_License_Intangible_Assets_Member" unitRef="Milligram" decimals="0"> 120 </hitk:ExtendedReleaseTablets> | |||||||||||||||||||||
<hitk:ImpairmentOnDivestituresRecognized contextRef="BalanceAsOf_30Apr2011" unitRef="USD" decimals="0"> 1300000 </hitk:ImpairmentOnDivestituresRecognized> | |||||||||||||||||||||
<hitk:InitialPaymentByCompany contextRef="BalanceAsOf_29Nov2011_Partnered_Anda_Intangible_Asset_Member" unitRef="USD" decimals="0"> 375000 </hitk:InitialPaymentByCompany> | |||||||||||||||||||||
<hitk:LineOfCreditFacilityAdditionalBorrowings contextRef="BalanceAsOf_13Oct2011_Equipment_Financing_Agreement_Member" unitRef="USD" decimals="0"> 1155000 </hitk:LineOfCreditFacilityAdditionalBorrowings> | |||||||||||||||||||||
<hitk:LineOfCreditFacilityDrawDownAmount contextRef="BalanceAsOf_15Jun2010_Equipment_Financing_Agreement_Member" unitRef="USD" decimals="0"> 621000 </hitk:LineOfCreditFacilityDrawDownAmount> | |||||||||||||||||||||
<hitk:ManufacturingAgreementToManufactureAndSupplyProductsYears contextRef="ThreeMonthsEnded_31Jul2012_Tussicaps_Intangible_Asset_Member"> P7Y </hitk:ManufacturingAgreementToManufactureAndSupplyProductsYears> | |||||||||||||||||||||
<hitk:MaximumRoyaltyReceivableOnSaleOfProducts contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="INF"> 1500000 </hitk:MaximumRoyaltyReceivableOnSaleOfProducts> | |||||||||||||||||||||
<hitk:NetSalesRoyaltyPercentage contextRef="ThreeMonthsEnded_31Jul2012_Sinus_Buster_Intangible_Asset_Member" unitRef="Pure" decimals="2"> 0.12 </hitk:NetSalesRoyaltyPercentage> | |||||||||||||||||||||
<hitk:NonCashOrPartNonCashAcquisitionInventoryAcquiredTwo contextRef="BalanceAsOf_28Jun2011_Atley_Pharma_Intangible_Assets_Member" unitRef="USD" decimals="0"> 298000 </hitk:NonCashOrPartNonCashAcquisitionInventoryAcquiredTwo> | |||||||||||||||||||||
<hitk:NumberOfProductsRemoved contextRef="BalanceAsOf_02Mar2011" unitRef="Product" decimals="0"> 500 </hitk:NumberOfProductsRemoved> | |||||||||||||||||||||
<hitk:OutGoingFreightCosts contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 985000 </hitk:OutGoingFreightCosts> | |||||||||||||||||||||
<hitk:OutGoingFreightCosts contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 1308000 </hitk:OutGoingFreightCosts> | |||||||||||||||||||||
<hitk:OutstandingPotentialSharesConsistedOfOptions contextRef="BalanceAsOf_31Jul2011" unitRef="Shares" decimals="INF"> 0 </hitk:OutstandingPotentialSharesConsistedOfOptions> | |||||||||||||||||||||
<hitk:OutstandingPotentialSharesConsistedOfOptions contextRef="BalanceAsOf_31Jul2012" unitRef="Shares" decimals="INF"> 482000 </hitk:OutstandingPotentialSharesConsistedOfOptions> | |||||||||||||||||||||
<hitk:PatentExpiryPeriod contextRef="May-01-2012_Jul-31-2012"> September, 2024 </hitk:PatentExpiryPeriod> | |||||||||||||||||||||
<hitk:PaymentOfAdditionalAmountForAcquiringRightsTimeLimit contextRef="BalanceAsOf_28Jun2011_Atley_Pharma_Intangible_Assets_Member"> P180D </hitk:PaymentOfAdditionalAmountForAcquiringRightsTimeLimit> | |||||||||||||||||||||
<hitk:PercentageOfAccountsReceivable contextRef="BalanceAsOf_30Apr2012" unitRef="Pure" decimals="2"> 0.62 </hitk:PercentageOfAccountsReceivable> | |||||||||||||||||||||
<hitk:PercentageOfAccountsReceivable contextRef="BalanceAsOf_31Jul2012" unitRef="Pure" decimals="2"> 0.75 </hitk:PercentageOfAccountsReceivable> | |||||||||||||||||||||
<hitk:PercentageOfNetSalesRevenue contextRef="ThreeMonthsEnded_31Jul2011_Amerisource_Bergen_Member" unitRef="Pure" decimals="2"> 0.11 </hitk:PercentageOfNetSalesRevenue> | |||||||||||||||||||||
<hitk:PercentageOfNetSalesRevenue contextRef="ThreeMonthsEnded_31Jul2011_Cardinal_Health_Member" unitRef="Pure" decimals="2"> 0.10 </hitk:PercentageOfNetSalesRevenue> | |||||||||||||||||||||
<hitk:PercentageOfNetSalesRevenue contextRef="ThreeMonthsEnded_31Jul2011_Mc_Kesson_Member" unitRef="Pure" decimals="2"> 0.15 </hitk:PercentageOfNetSalesRevenue> | |||||||||||||||||||||
<hitk:PercentageOfNetSalesRevenue contextRef="ThreeMonthsEnded_31Jul2012_Amerisource_Bergen_Member" unitRef="Pure" decimals="2"> 0.12 </hitk:PercentageOfNetSalesRevenue> | |||||||||||||||||||||
<hitk:PercentageOfNetSalesRevenue contextRef="ThreeMonthsEnded_31Jul2012_Cardinal_Health_Member" unitRef="Pure" decimals="2"> 0.15 </hitk:PercentageOfNetSalesRevenue> | |||||||||||||||||||||
<hitk:PercentageOfNetSalesRevenue contextRef="ThreeMonthsEnded_31Jul2012_Mc_Kesson_Member" unitRef="Pure" decimals="2"> 0.23 </hitk:PercentageOfNetSalesRevenue> | |||||||||||||||||||||
<hitk:PercentageOfNetSalesRevenue contextRef="ThreeMonthsEnded_31Jul2012_Walgreens_Member" unitRef="Pure" decimals="2"> 0.13 </hitk:PercentageOfNetSalesRevenue> | |||||||||||||||||||||
<hitk:PercentageOfSolutions contextRef="BalanceAsOf_17Aug2011_Bimatoprost_Topical_Member" unitRef="Pure" decimals="4"> 0.0003 </hitk:PercentageOfSolutions> | |||||||||||||||||||||
<hitk:PercentageOfSolutions contextRef="BalanceAsOf_11Oct2011_Gatifloxacin_Ophthalmic_Member" unitRef="Pure" decimals="3"> 0.005 </hitk:PercentageOfSolutions> | |||||||||||||||||||||
<hitk:PercentageOfSolutions contextRef="BalanceAsOf_Oct312011_Allergans_Zymar_Gatifloxacin_Ophthalmic_Member" unitRef="Pure" decimals="3"> 0.003 </hitk:PercentageOfSolutions> | |||||||||||||||||||||
<hitk:PercentageOfSolutions contextRef="BalanceAsOf_27Jan2012_Allergans_Lumigan_Member" unitRef="Pure" decimals="4"> 0.0001 </hitk:PercentageOfSolutions> | |||||||||||||||||||||
<hitk:PercentageOfSolutions contextRef="BalanceAsOf_13Mar2012_Bimatoprost_Topical_Member" unitRef="Pure" decimals="4"> 0.0003 </hitk:PercentageOfSolutions> | |||||||||||||||||||||
<hitk:PercentageOfSolutions contextRef="BalanceAsOf_16May2012_Bimatoprost_Topical_Member" unitRef="Pure" decimals="4"> 0.0003 </hitk:PercentageOfSolutions> | |||||||||||||||||||||
<hitk:ProfitSharingAgreementInPercentageBetweenParties contextRef="ThreeMonthsEnded_31Jul2012_Partnered_Anda_Intangible_Asset_Member" unitRef="Pure" decimals="2"> 0.50 </hitk:ProfitSharingAgreementInPercentageBetweenParties> | |||||||||||||||||||||
<hitk:PurchaseOfLandAndBuilding contextRef="OneMonthEnded_31Dec2011" unitRef="USD" decimals="0"> 1042000 </hitk:PurchaseOfLandAndBuilding> | |||||||||||||||||||||
<hitk:PurchasePriceAndInterestInIntellectualProperty contextRef="BalanceAsOf_28Nov2011_Partnered_Anda_Intangible_Asset_Member" unitRef="USD" decimals="0"> 3000000 </hitk:PurchasePriceAndInterestInIntellectualProperty> | |||||||||||||||||||||
<hitk:PurchasePriceAndInterestPayableInInstallmentsTerm contextRef="ThreeMonthsEnded_31Jul2012_Partnered_Anda_Intangible_Asset_Member"> P24M </hitk:PurchasePriceAndInterestPayableInInstallmentsTerm> | |||||||||||||||||||||
<hitk:RefundReceived contextRef="BalanceAsOf_31Jul2012_Kvk_License_Intangible_Assets_Member" unitRef="USD" decimals="0"> 500000 </hitk:RefundReceived> | |||||||||||||||||||||
<hitk:RefundsReceivableContingency contextRef="BalanceAsOf_31Jul2012_Kvk_License_Intangible_Assets_Member" unitRef="USD" decimals="0"> 500000 </hitk:RefundsReceivableContingency> | |||||||||||||||||||||
<hitk:RoyaltyIncomeExpense contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 566000 </hitk:RoyaltyIncomeExpense> | |||||||||||||||||||||
<hitk:RoyaltyIncomeExpense contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 635000 </hitk:RoyaltyIncomeExpense> | |||||||||||||||||||||
<hitk:RoyaltyOnNetSalesTimePeriod contextRef="ThreeMonthsEnded_31Jul2012_Sinus_Buster_Intangible_Asset_Member"> P3Y6M </hitk:RoyaltyOnNetSalesTimePeriod> | |||||||||||||||||||||
<hitk:RoyaltyOnNetSalesValue contextRef="ThreeMonthsEnded_31Jul2012_Sinus_Buster_Intangible_Asset_Member" unitRef="USD" decimals="0"> 1750000 </hitk:RoyaltyOnNetSalesValue> | |||||||||||||||||||||
<hitk:ShareBasedCompensationWeightedAverageForfeitureRate contextRef="BalanceAsOf_31Jul2012" unitRef="Pure" decimals="2"> 0.09 </hitk:ShareBasedCompensationWeightedAverageForfeitureRate> | |||||||||||||||||||||
<hitk:ValuationAllowancesAndReservesCurrentProvision contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 44376000 </hitk:ValuationAllowancesAndReservesCurrentProvision> | |||||||||||||||||||||
<hitk:ValuationAllowancesAndReservesCurrentProvision contextRef="ThreeMonthsEnded_31Jul2011_Accounts_Receivable_Chargeback_Member" unitRef="USD" decimals="0"> 34908000 </hitk:ValuationAllowancesAndReservesCurrentProvision> | |||||||||||||||||||||
<hitk:ValuationAllowancesAndReservesCurrentProvision contextRef="ThreeMonthsEnded_31Jul2011_Accounts_Receivable_Returns_Member" unitRef="USD" decimals="0"> 7193000 </hitk:ValuationAllowancesAndReservesCurrentProvision> | |||||||||||||||||||||
<hitk:ValuationAllowancesAndReservesCurrentProvision contextRef="ThreeMonthsEnded_31Jul2011_Accounts_Receivable_Sales_Discount_Member" unitRef="USD" decimals="0"> 2275000 </hitk:ValuationAllowancesAndReservesCurrentProvision> | |||||||||||||||||||||
<hitk:ValuationAllowancesAndReservesCurrentProvision contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 54584000 </hitk:ValuationAllowancesAndReservesCurrentProvision> | |||||||||||||||||||||
<hitk:ValuationAllowancesAndReservesCurrentProvision contextRef="ThreeMonthsEnded_31Jul2012_Accounts_Receivable_Chargeback_Member" unitRef="USD" decimals="0"> 38460000 </hitk:ValuationAllowancesAndReservesCurrentProvision> | |||||||||||||||||||||
<hitk:ValuationAllowancesAndReservesCurrentProvision contextRef="ThreeMonthsEnded_31Jul2012_Accounts_Receivable_Returns_Member" unitRef="USD" decimals="0"> 13787000 </hitk:ValuationAllowancesAndReservesCurrentProvision> | |||||||||||||||||||||
<hitk:ValuationAllowancesAndReservesCurrentProvision contextRef="ThreeMonthsEnded_31Jul2012_Accounts_Receivable_Sales_Discount_Member" unitRef="USD" decimals="0"> 2337000 </hitk:ValuationAllowancesAndReservesCurrentProvision> | |||||||||||||||||||||
<us-gaap:AccountsPayableCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 16594000 </us-gaap:AccountsPayableCurrent> | |||||||||||||||||||||
<us-gaap:AccountsPayableCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 9667000 </us-gaap:AccountsPayableCurrent> | |||||||||||||||||||||
<us-gaap:AccountsReceivableGrossCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 78641000 </us-gaap:AccountsReceivableGrossCurrent> | |||||||||||||||||||||
<us-gaap:AccountsReceivableGrossCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 83109000 </us-gaap:AccountsReceivableGrossCurrent> | |||||||||||||||||||||
<us-gaap:AccountsReceivableNetCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 60106000 </us-gaap:AccountsReceivableNetCurrent> | |||||||||||||||||||||
<us-gaap:AccountsReceivableNetCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 57785000 </us-gaap:AccountsReceivableNetCurrent> | |||||||||||||||||||||
<us-gaap:AccruedLiabilitiesCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 14441000 </us-gaap:AccruedLiabilitiesCurrent> | |||||||||||||||||||||
<us-gaap:AccruedLiabilitiesCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 12745000 </us-gaap:AccruedLiabilitiesCurrent> | |||||||||||||||||||||
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 28769000 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment> | |||||||||||||||||||||
<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 29698000 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment> | |||||||||||||||||||||
<us-gaap:AcquiredFiniteLivedIntangibleAssetAmount contextRef="BalanceAsOf_31Jul2012_Kvk_License_Intangible_Assets_Member" unitRef="USD" decimals="0"> 1500000 </us-gaap:AcquiredFiniteLivedIntangibleAssetAmount> | |||||||||||||||||||||
<us-gaap:AdditionalPaidInCapital contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 86996000 </us-gaap:AdditionalPaidInCapital> | |||||||||||||||||||||
<us-gaap:AdditionalPaidInCapital contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 90073000 </us-gaap:AdditionalPaidInCapital> | |||||||||||||||||||||
<us-gaap:AllocatedShareBasedCompensationExpense contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 736000 </us-gaap:AllocatedShareBasedCompensationExpense> | |||||||||||||||||||||
<us-gaap:AllocatedShareBasedCompensationExpense contextRef="ThreeMonthsEnded_31Jul2011_Cost_Of_Sales_Member" unitRef="USD" decimals="0"> 87000 </us-gaap:AllocatedShareBasedCompensationExpense> | |||||||||||||||||||||
<us-gaap:AllocatedShareBasedCompensationExpense contextRef="ThreeMonthsEnded_31Jul2011_Research_And_Development_Expense_Member" unitRef="USD" decimals="0"> 83000 </us-gaap:AllocatedShareBasedCompensationExpense> | |||||||||||||||||||||
<us-gaap:AllocatedShareBasedCompensationExpense contextRef="ThreeMonthsEnded_31Jul2011_Selling_General_And_Administrative_Expenses_Member" unitRef="USD" decimals="0"> 566000 </us-gaap:AllocatedShareBasedCompensationExpense> | |||||||||||||||||||||
<us-gaap:AllocatedShareBasedCompensationExpense contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 785000 </us-gaap:AllocatedShareBasedCompensationExpense> | |||||||||||||||||||||
<us-gaap:AllocatedShareBasedCompensationExpense contextRef="ThreeMonthsEnded_31Jul2012_Cost_Of_Sales_Member" unitRef="USD" decimals="0"> 92000 </us-gaap:AllocatedShareBasedCompensationExpense> | |||||||||||||||||||||
<us-gaap:AllocatedShareBasedCompensationExpense contextRef="ThreeMonthsEnded_31Jul2012_Research_And_Development_Expense_Member" unitRef="USD" decimals="0"> 157000 </us-gaap:AllocatedShareBasedCompensationExpense> | |||||||||||||||||||||
<us-gaap:AllocatedShareBasedCompensationExpense contextRef="ThreeMonthsEnded_31Jul2012_Selling_General_And_Administrative_Expenses_Member" unitRef="USD" decimals="0"> 536000 </us-gaap:AllocatedShareBasedCompensationExpense> | |||||||||||||||||||||
<us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 500000 </us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent> | |||||||||||||||||||||
<us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 500000 </us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent> | |||||||||||||||||||||
<us-gaap:AmortizationOfIntangibleAssets contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 775000 </us-gaap:AmortizationOfIntangibleAssets> | |||||||||||||||||||||
<us-gaap:AmortizationOfIntangibleAssets contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 1757000 </us-gaap:AmortizationOfIntangibleAssets> | |||||||||||||||||||||
<us-gaap:Assets contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 279117000 </us-gaap:Assets> | |||||||||||||||||||||
<us-gaap:Assets contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 278903000 </us-gaap:Assets> | |||||||||||||||||||||
<us-gaap:AssetsCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 201830000 </us-gaap:AssetsCurrent> | |||||||||||||||||||||
<us-gaap:AssetsCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 203146000 </us-gaap:AssetsCurrent> | |||||||||||||||||||||
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability contextRef="BalanceAsOf_19Aug2011_Tussicaps_Intangible_Asset_Member" unitRef="USD" decimals="0"> 11993000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability> | |||||||||||||||||||||
<us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability contextRef="BalanceAsOf_31Jul2012_Tussicaps_Intangible_Asset_Member" unitRef="USD" decimals="0"> 9519000 </us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability> | |||||||||||||||||||||
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="BalanceAsOf_30Apr2011" unitRef="USD" decimals="0"> 62304000 </us-gaap:CashAndCashEquivalentsAtCarryingValue> | |||||||||||||||||||||
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="BalanceAsOf_31Jul2011" unitRef="USD" decimals="0"> 77997000 </us-gaap:CashAndCashEquivalentsAtCarryingValue> | |||||||||||||||||||||
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 87549000 </us-gaap:CashAndCashEquivalentsAtCarryingValue> | |||||||||||||||||||||
<us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 92251000 </us-gaap:CashAndCashEquivalentsAtCarryingValue> | |||||||||||||||||||||
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 15693000 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 4702000 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:CommitmentsAndContingencies xsi:nil="true" contextRef="BalanceAsOf_30Apr2012" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:CommitmentsAndContingencies xsi:nil="true" contextRef="BalanceAsOf_31Jul2012" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="BalanceAsOf_30Apr2012" unitRef="USDEPS" decimals="INF"> 0.01 </us-gaap:CommonStockParOrStatedValuePerShare> | |||||||||||||||||||||
<us-gaap:CommonStockParOrStatedValuePerShare contextRef="BalanceAsOf_31Jul2012" unitRef="USDEPS" decimals="INF"> 0.01 </us-gaap:CommonStockParOrStatedValuePerShare> | |||||||||||||||||||||
<us-gaap:CommonStockSharesAuthorized contextRef="BalanceAsOf_30Apr2012" unitRef="Shares" decimals="INF"> 50000000 </us-gaap:CommonStockSharesAuthorized> | |||||||||||||||||||||
<us-gaap:CommonStockSharesAuthorized contextRef="BalanceAsOf_31Jul2012" unitRef="Shares" decimals="INF"> 50000000 </us-gaap:CommonStockSharesAuthorized> | |||||||||||||||||||||
<us-gaap:CommonStockSharesIssued contextRef="BalanceAsOf_30Apr2012" unitRef="Shares" decimals="INF"> 15502000 </us-gaap:CommonStockSharesIssued> | |||||||||||||||||||||
<us-gaap:CommonStockSharesIssued contextRef="BalanceAsOf_31Jul2012" unitRef="Shares" decimals="INF"> 15627000 </us-gaap:CommonStockSharesIssued> | |||||||||||||||||||||
<us-gaap:CommonStockValue contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 155000 </us-gaap:CommonStockValue> | |||||||||||||||||||||
<us-gaap:CommonStockValue contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 156000 </us-gaap:CommonStockValue> | |||||||||||||||||||||
<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 13773000 </us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest> | |||||||||||||||||||||
<us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 6004000 </us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest> | |||||||||||||||||||||
<us-gaap:CostOfGoodsAndServicesSold contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 22975000 </us-gaap:CostOfGoodsAndServicesSold> | |||||||||||||||||||||
<us-gaap:CostOfGoodsAndServicesSold contextRef="ThreeMonthsEnded_31Jul2011_E_C_R_Member" unitRef="USD" decimals="0"> 1525000 </us-gaap:CostOfGoodsAndServicesSold> | |||||||||||||||||||||
<us-gaap:CostOfGoodsAndServicesSold contextRef="ThreeMonthsEnded_31Jul2011_H_C_P_Member" unitRef="USD" decimals="0"> 1523000 </us-gaap:CostOfGoodsAndServicesSold> | |||||||||||||||||||||
<us-gaap:CostOfGoodsAndServicesSold contextRef="ThreeMonthsEnded_31Jul2011_Hi_Tech_Member" unitRef="USD" decimals="0"> 19927000 </us-gaap:CostOfGoodsAndServicesSold> | |||||||||||||||||||||
<us-gaap:CostOfGoodsAndServicesSold contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 26722000 </us-gaap:CostOfGoodsAndServicesSold> | |||||||||||||||||||||
<us-gaap:CostOfGoodsAndServicesSold contextRef="ThreeMonthsEnded_31Jul2012_E_C_R_Member" unitRef="USD" decimals="0"> 658000 </us-gaap:CostOfGoodsAndServicesSold> | |||||||||||||||||||||
<us-gaap:CostOfGoodsAndServicesSold contextRef="ThreeMonthsEnded_31Jul2012_H_C_P_Member" unitRef="USD" decimals="0"> 1340000 </us-gaap:CostOfGoodsAndServicesSold> | |||||||||||||||||||||
<us-gaap:CostOfGoodsAndServicesSold contextRef="ThreeMonthsEnded_31Jul2012_Hi_Tech_Member" unitRef="USD" decimals="0"> 24724000 </us-gaap:CostOfGoodsAndServicesSold> | |||||||||||||||||||||
<us-gaap:DeferredTaxAssetsNetCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 5931000 </us-gaap:DeferredTaxAssetsNetCurrent> | |||||||||||||||||||||
<us-gaap:DeferredTaxAssetsNetCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 6014000 </us-gaap:DeferredTaxAssetsNetCurrent> | |||||||||||||||||||||
<us-gaap:DeferredTaxAssetsNetNoncurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 830000 </us-gaap:DeferredTaxAssetsNetNoncurrent> | |||||||||||||||||||||
<us-gaap:DeferredTaxAssetsNetNoncurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 730000 </us-gaap:DeferredTaxAssetsNetNoncurrent> | |||||||||||||||||||||
<us-gaap:Depreciation contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 772000 </us-gaap:Depreciation> | |||||||||||||||||||||
<us-gaap:Depreciation contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 929000 </us-gaap:Depreciation> | |||||||||||||||||||||
<us-gaap:EarningsPerShareBasic contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USDEPS" decimals="2"> 1.08 </us-gaap:EarningsPerShareBasic> | |||||||||||||||||||||
<us-gaap:EarningsPerShareBasic contextRef="May-01-2012_Jul-31-2012" unitRef="USDEPS" decimals="2"> 0.46 </us-gaap:EarningsPerShareBasic> | |||||||||||||||||||||
<us-gaap:EarningsPerShareDiluted contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USDEPS" decimals="2"> 1.05 </us-gaap:EarningsPerShareDiluted> | |||||||||||||||||||||
<us-gaap:EarningsPerShareDiluted contextRef="May-01-2012_Jul-31-2012" unitRef="USDEPS" decimals="2"> 0.44 </us-gaap:EarningsPerShareDiluted> | |||||||||||||||||||||
<us-gaap:EffectiveIncomeTaxRateContinuingOperations contextRef="TwelveMonthsEnded_30Apr2013" unitRef="Pure" decimals="2"> 0.33 </us-gaap:EffectiveIncomeTaxRateContinuingOperations> | |||||||||||||||||||||
<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 10352000 </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized> | |||||||||||||||||||||
<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1 contextRef="May-01-2012_Jul-31-2012"> P3Y1M6D </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1> | |||||||||||||||||||||
<us-gaap:EscrowDeposit contextRef="BalanceAsOf_7Mar2012_Sinus_Buster_Intangible_Asset_Member" unitRef="USD" decimals="0"> 1250000 </us-gaap:EscrowDeposit> | |||||||||||||||||||||
<us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 207000 </us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities> | |||||||||||||||||||||
<us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 625000 </us-gaap:ExcessTaxBenefitFromShareBasedCompensationFinancingActivities> | |||||||||||||||||||||
<us-gaap:FairValueInputsDiscountRate contextRef="May-01-2012_Jul-31-2012" unitRef="Pure" decimals="3"> 0.052 </us-gaap:FairValueInputsDiscountRate> | |||||||||||||||||||||
<us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 10103000 </us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue> | |||||||||||||||||||||
<us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 9519000 </us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 46058000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Clobetasol_Intangible_Asset_Member" unitRef="USD" decimals="0"> 3200000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Ecr_Intangible_Assets_Member" unitRef="USD" decimals="0"> 5506000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Kvk_License_Intangible_Assets_Member" unitRef="USD" decimals="0"> 1500000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Magox_Intangible_Assets_Member" unitRef="USD" decimals="0"> 3212000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Midlothian_Intangible_Assets_Member" unitRef="USD" decimals="0"> 669000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Orbivan_And_Zolvit_Intangible_Assets_Member" unitRef="USD" decimals="0"> 3014000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Partnered_Anda_Intangible_Asset_Member" unitRef="USD" decimals="0"> 375000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Sinus_Buster_Intangible_Asset_Member" unitRef="USD" decimals="0"> 2513000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Tussicaps_Intangible_Asset_Member" unitRef="USD" decimals="0"> 20134000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Vosol_And_Vosol_Hc_Intangible_Assets_Member" unitRef="USD" decimals="0"> 402000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Zolpimist_Intangible_Assets_Member" unitRef="USD" decimals="0"> 2531000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Zostrix_Intangible_Assets_Member" unitRef="USD" decimals="0"> 2175000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_30Apr2012_Other_Intangible_Assets_Member" unitRef="USD" decimals="0"> 827000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 44401000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Clobetasol_Intangible_Asset_Member" unitRef="USD" decimals="0"> 3100000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Ecr_Intangible_Assets_Member" unitRef="USD" decimals="0"> 5325000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Kvk_License_Intangible_Assets_Member" unitRef="USD" decimals="0"> 1500000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Magox_Intangible_Assets_Member" unitRef="USD" decimals="0"> 3109000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Midlothian_Intangible_Assets_Member" unitRef="USD" decimals="0"> 640000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Orbivan_And_Zolvit_Intangible_Assets_Member" unitRef="USD" decimals="0"> 2971000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Partnered_Anda_Intangible_Asset_Member" unitRef="USD" decimals="0"> 375000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Sinus_Buster_Intangible_Asset_Member" unitRef="USD" decimals="0"> 2448000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Tussicaps_Intangible_Asset_Member" unitRef="USD" decimals="0"> 19386000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Vosol_And_Vosol_Hc_Intangible_Assets_Member" unitRef="USD" decimals="0"> 385000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Zolpimist_Intangible_Assets_Member" unitRef="USD" decimals="0"> 2438000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Zostrix_Intangible_Assets_Member" unitRef="USD" decimals="0"> 1988000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetsNet contextRef="BalanceAsOf_31Jul2012_Other_Intangible_Assets_Member" unitRef="USD" decimals="0"> 736000 </us-gaap:FiniteLivedIntangibleAssetsNet> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Clobetasol_Intangible_Asset_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Ecr_Intangible_Assets_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Kvk_License_Intangible_Assets_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Magox_Intangible_Assets_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Partnered_Anda_Intangible_Asset_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Sinus_Buster_Intangible_Asset_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Vosol_And_Vosol_Hc_Intangible_Assets_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Zolpimist_Intangible_Assets_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Maximum_Member_Midlothian_Intangible_Assets_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Minimum_Member_Midlothian_Intangible_Assets_Member"> P3Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Orbivan_And_Zolvit_Intangible_Assets_Member_Maximum_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
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<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Maximum_Member_Tussicaps_Intangible_Asset_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Minimum_Member_Tussicaps_Intangible_Asset_Member"> P5Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Maximum_Member_Zostrix_Intangible_Assets_Member"> P11Y5M </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Minimum_Member_Zostrix_Intangible_Assets_Member"> P3Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Maximum_Member_Other_Intangible_Assets_Member"> P10Y </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:FiniteLivedIntangibleAssetUsefulLife contextRef="ThreeMonthsEnded_31Jul2012_Minimum_Member_Other_Intangible_Assets_Member"> P6M </us-gaap:FiniteLivedIntangibleAssetUsefulLife> | |||||||||||||||||||||
<us-gaap:GainLossOnDispositionOfAssets contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 0 </us-gaap:GainLossOnDispositionOfAssets> | |||||||||||||||||||||
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<us-gaap:GrossProfit contextRef="ThreeMonthsEnded_31Jul2011_H_C_P_Member" unitRef="USD" decimals="0"> 2012000 </us-gaap:GrossProfit> | |||||||||||||||||||||
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<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 20868000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="ThreeMonthsEnded_31Jul2011_E_C_R_Member" unitRef="USD" decimals="0"> -243000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="ThreeMonthsEnded_31Jul2011_H_C_P_Member" unitRef="USD" decimals="0"> 253000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="ThreeMonthsEnded_31Jul2011_Hi_Tech_Member" unitRef="USD" decimals="0"> 23730000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="ThreeMonthsEnded_31Jul2011_Corporate_And_Other_Member" unitRef="USD" decimals="0"> -2872000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 8986000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="ThreeMonthsEnded_31Jul2012_E_C_R_Member" unitRef="USD" decimals="0"> -1797000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="ThreeMonthsEnded_31Jul2012_H_C_P_Member" unitRef="USD" decimals="0"> -743000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="ThreeMonthsEnded_31Jul2012_Hi_Tech_Member" unitRef="USD" decimals="0"> 14814000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="ThreeMonthsEnded_31Jul2012_Corporate_And_Other_Member" unitRef="USD" decimals="0"> -3288000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments> | |||||||||||||||||||||
<us-gaap:IncomeTaxesPaid contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 2153000 </us-gaap:IncomeTaxesPaid> | |||||||||||||||||||||
<us-gaap:IncomeTaxesPaid xsi:nil="true" contextRef="May-01-2012_Jul-31-2012" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:IncomeTaxExpenseBenefit contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 7095000 </us-gaap:IncomeTaxExpenseBenefit> | |||||||||||||||||||||
<us-gaap:IncomeTaxExpenseBenefit contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 2982000 </us-gaap:IncomeTaxExpenseBenefit> | |||||||||||||||||||||
<us-gaap:IntangibleAssetsNetExcludingGoodwill contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 46058000 </us-gaap:IntangibleAssetsNetExcludingGoodwill> | |||||||||||||||||||||
<us-gaap:IntangibleAssetsNetExcludingGoodwill contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 44401000 </us-gaap:IntangibleAssetsNetExcludingGoodwill> | |||||||||||||||||||||
<us-gaap:InterestAndOtherIncome contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 24000 </us-gaap:InterestAndOtherIncome> | |||||||||||||||||||||
<us-gaap:InterestAndOtherIncome contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 46000 </us-gaap:InterestAndOtherIncome> | |||||||||||||||||||||
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<us-gaap:InterestExpense contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 156000 </us-gaap:InterestExpense> | |||||||||||||||||||||
<us-gaap:InterestPaid contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 15000 </us-gaap:InterestPaid> | |||||||||||||||||||||
<us-gaap:InterestPaid contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 46000 </us-gaap:InterestPaid> | |||||||||||||||||||||
<us-gaap:InventoryFinishedGoods contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 13015000 </us-gaap:InventoryFinishedGoods> | |||||||||||||||||||||
<us-gaap:InventoryFinishedGoods contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 14958000 </us-gaap:InventoryFinishedGoods> | |||||||||||||||||||||
<us-gaap:InventoryNet contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 39281000 </us-gaap:InventoryNet> | |||||||||||||||||||||
<us-gaap:InventoryNet contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 41091000 </us-gaap:InventoryNet> | |||||||||||||||||||||
<us-gaap:InventoryRawMaterials contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 25826000 </us-gaap:InventoryRawMaterials> | |||||||||||||||||||||
<us-gaap:InventoryRawMaterials contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 25413000 </us-gaap:InventoryRawMaterials> | |||||||||||||||||||||
<us-gaap:InventoryWorkInProcess contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 440000 </us-gaap:InventoryWorkInProcess> | |||||||||||||||||||||
<us-gaap:InventoryWorkInProcess contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 720000 </us-gaap:InventoryWorkInProcess> | |||||||||||||||||||||
<us-gaap:LandSubjectToGroundLeases contextRef="BalanceAsOf_31Jul2012" unitRef="Square_Foot" decimals="INF"> 12000 </us-gaap:LandSubjectToGroundLeases> | |||||||||||||||||||||
<us-gaap:Liabilities contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 42736000 </us-gaap:Liabilities> | |||||||||||||||||||||
<us-gaap:Liabilities contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 33440000 </us-gaap:Liabilities> | |||||||||||||||||||||
<us-gaap:LiabilitiesAndStockholdersEquity contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 279117000 </us-gaap:LiabilitiesAndStockholdersEquity> | |||||||||||||||||||||
<us-gaap:LiabilitiesAndStockholdersEquity contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 278903000 </us-gaap:LiabilitiesAndStockholdersEquity> | |||||||||||||||||||||
<us-gaap:LiabilitiesCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 34265000 </us-gaap:LiabilitiesCurrent> | |||||||||||||||||||||
<us-gaap:LiabilitiesCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 25642000 </us-gaap:LiabilitiesCurrent> | |||||||||||||||||||||
<us-gaap:LiabilitiesCurrent contextRef="BalanceAsOf_31Jul2012_Tussicaps_Intangible_Asset_Member" unitRef="USD" decimals="0"> 2875000 </us-gaap:LiabilitiesCurrent> | |||||||||||||||||||||
<us-gaap:LiabilitiesFairValueDisclosure contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 10103000 </us-gaap:LiabilitiesFairValueDisclosure> | |||||||||||||||||||||
<us-gaap:LiabilitiesFairValueDisclosure contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 9519000 </us-gaap:LiabilitiesFairValueDisclosure> | |||||||||||||||||||||
<us-gaap:LiabilityForUncertainTaxPositionsCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 0 </us-gaap:LiabilityForUncertainTaxPositionsCurrent> | |||||||||||||||||||||
<us-gaap:LiabilityForUncertainTaxPositionsCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 0 </us-gaap:LiabilityForUncertainTaxPositionsCurrent> | |||||||||||||||||||||
<us-gaap:LineOfCredit contextRef="BalanceAsOf_31Jul2012_Equipment_Financing_Agreement_Member" unitRef="USD" decimals="0"> 1509000 </us-gaap:LineOfCredit> | |||||||||||||||||||||
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<us-gaap:LineOfCreditFacilityExpirationDate1 contextRef="ThreeMonthsEnded_31Jul2012_Equipment_Financing_Agreement_Member"> 2016-10-06 </us-gaap:LineOfCreditFacilityExpirationDate1> | |||||||||||||||||||||
<us-gaap:LineOfCreditFacilityExpirationDate1 contextRef="ThreeMonthsEnded_31Jul2012_Revolving_Credit_Facility_Member"> 2013-05-27 </us-gaap:LineOfCreditFacilityExpirationDate1> | |||||||||||||||||||||
<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="BalanceAsOf_01Jun2010_Equipment_Financing_Agreement_Member" unitRef="USD" decimals="INF"> 5000000 </us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity> | |||||||||||||||||||||
<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="BalanceAsOf_01Jun2010_Revolving_Credit_Facility_Member" unitRef="USD" decimals="INF"> 10000000 </us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity> | |||||||||||||||||||||
<us-gaap:LineOfCreditFacilityPeriodicPayment contextRef="ThreeMonthsEnded_31Jul2012_Equipment_Financing_Agreement_Member" unitRef="USD" decimals="0"> 30000 </us-gaap:LineOfCreditFacilityPeriodicPayment> | |||||||||||||||||||||
<us-gaap:LongTermDebtCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 355000 </us-gaap:LongTermDebtCurrent> | |||||||||||||||||||||
<us-gaap:LongTermDebtCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 355000 </us-gaap:LongTermDebtCurrent> | |||||||||||||||||||||
<us-gaap:LongTermDebtNoncurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 1243000 </us-gaap:LongTermDebtNoncurrent> | |||||||||||||||||||||
<us-gaap:LongTermDebtNoncurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 1154000 </us-gaap:LongTermDebtNoncurrent> | |||||||||||||||||||||
<us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 725000 </us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations> | |||||||||||||||||||||
<us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 1969000 </us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations> | |||||||||||||||||||||
<us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> -4213000 </us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations> | |||||||||||||||||||||
<us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> -1310000 </us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations> | |||||||||||||||||||||
<us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 19181000 </us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations> | |||||||||||||||||||||
<us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 4043000 </us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations> | |||||||||||||||||||||
<us-gaap:NetIncomeLoss contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 13773000 </us-gaap:NetIncomeLoss> | |||||||||||||||||||||
<us-gaap:NetIncomeLoss contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 6004000 </us-gaap:NetIncomeLoss> | |||||||||||||||||||||
<us-gaap:NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 2355000 </us-gaap:NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1> | |||||||||||||||||||||
<us-gaap:NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 xsi:nil="true" contextRef="May-01-2012_Jul-31-2012" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:NonoperatingIncomeExpense contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> -12368000 </us-gaap:NonoperatingIncomeExpense> | |||||||||||||||||||||
<us-gaap:NonoperatingIncomeExpense contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> -16335000 </us-gaap:NonoperatingIncomeExpense> | |||||||||||||||||||||
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent contextRef="BalanceAsOf_30Jun2010" unitRef="USD" decimals="INF"> 90000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent> | |||||||||||||||||||||
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFiveYears contextRef="BalanceAsOf_30Jun2010" unitRef="USD" decimals="INF"> 90000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFiveYears> | |||||||||||||||||||||
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFourYears contextRef="BalanceAsOf_30Jun2010" unitRef="USD" decimals="INF"> 90000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInFourYears> | |||||||||||||||||||||
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears contextRef="BalanceAsOf_30Jun2010" unitRef="USD" decimals="INF"> 90000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears> | |||||||||||||||||||||
<us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears contextRef="BalanceAsOf_30Jun2010" unitRef="USD" decimals="INF"> 90000 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears> | |||||||||||||||||||||
<us-gaap:OtherAssetsCurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 3045000 </us-gaap:OtherAssetsCurrent> | |||||||||||||||||||||
<us-gaap:OtherAssetsCurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 2936000 </us-gaap:OtherAssetsCurrent> | |||||||||||||||||||||
<us-gaap:OtherAssetsNoncurrent contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 419000 </us-gaap:OtherAssetsNoncurrent> | |||||||||||||||||||||
<us-gaap:OtherAssetsNoncurrent contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 369000 </us-gaap:OtherAssetsNoncurrent> | |||||||||||||||||||||
<us-gaap:OtherComprehensiveIncomeLossNetOfTax xsi:nil="true" contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:OtherComprehensiveIncomeLossNetOfTax xsi:nil="true" contextRef="May-01-2012_Jul-31-2012" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:OtherDepreciationAndAmortization contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 775000 </us-gaap:OtherDepreciationAndAmortization> | |||||||||||||||||||||
<us-gaap:OtherDepreciationAndAmortization contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 1757000 </us-gaap:OtherDepreciationAndAmortization> | |||||||||||||||||||||
<us-gaap:PaymentsToAcquireIntangibleAssets contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 2973000 </us-gaap:PaymentsToAcquireIntangibleAssets> | |||||||||||||||||||||
<us-gaap:PaymentsToAcquireIntangibleAssets contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 100000 </us-gaap:PaymentsToAcquireIntangibleAssets> | |||||||||||||||||||||
<us-gaap:PaymentsToAcquireOtherProductiveAssets contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 498000 </us-gaap:PaymentsToAcquireOtherProductiveAssets> | |||||||||||||||||||||
<us-gaap:PaymentsToAcquireOtherProductiveAssets xsi:nil="true" contextRef="May-01-2012_Jul-31-2012" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 2427000 </us-gaap:PaymentsToAcquirePropertyPlantAndEquipment> | |||||||||||||||||||||
<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 1210000 </us-gaap:PaymentsToAcquirePropertyPlantAndEquipment> | |||||||||||||||||||||
<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="BalanceAsOf_30Apr2012" unitRef="USDEPS" decimals="INF"> 0.01 </us-gaap:PreferredStockParOrStatedValuePerShare> | |||||||||||||||||||||
<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="BalanceAsOf_31Jul2012" unitRef="USDEPS" decimals="INF"> 0.01 </us-gaap:PreferredStockParOrStatedValuePerShare> | |||||||||||||||||||||
<us-gaap:PreferredStockSharesAuthorized contextRef="BalanceAsOf_30Apr2012" unitRef="Shares" decimals="INF"> 3000000 </us-gaap:PreferredStockSharesAuthorized> | |||||||||||||||||||||
<us-gaap:PreferredStockSharesAuthorized contextRef="BalanceAsOf_31Jul2012" unitRef="Shares" decimals="INF"> 3000000 </us-gaap:PreferredStockSharesAuthorized> | |||||||||||||||||||||
<us-gaap:PreferredStockSharesIssued contextRef="BalanceAsOf_30Apr2012" unitRef="Shares" decimals="INF"> 0 </us-gaap:PreferredStockSharesIssued> | |||||||||||||||||||||
<us-gaap:PreferredStockSharesIssued contextRef="BalanceAsOf_31Jul2012" unitRef="Shares" decimals="INF"> 0 </us-gaap:PreferredStockSharesIssued> | |||||||||||||||||||||
<us-gaap:PreferredStockValue xsi:nil="true" contextRef="BalanceAsOf_30Apr2012" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:PreferredStockValue xsi:nil="true" contextRef="BalanceAsOf_31Jul2012" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:PrepaidRoyalties contextRef="BalanceAsOf_31Jul2012_Atley_Pharma_Intangible_Assets_Member" unitRef="USD" decimals="0"> 500000 </us-gaap:PrepaidRoyalties> | |||||||||||||||||||||
<us-gaap:PrepaidTaxes contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 5918000 </us-gaap:PrepaidTaxes> | |||||||||||||||||||||
<us-gaap:PrepaidTaxes contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 3069000 </us-gaap:PrepaidTaxes> | |||||||||||||||||||||
<us-gaap:ProceedsFromDivestitureOfBusinesses contextRef="OneMonthEnded_31May2011" unitRef="USD" decimals="0"> 1700000 </us-gaap:ProceedsFromDivestitureOfBusinesses> | |||||||||||||||||||||
<us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 555000 </us-gaap:ProceedsFromIssuanceOfCommonStock> | |||||||||||||||||||||
<us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 2017000 </us-gaap:ProceedsFromIssuanceOfCommonStock> | |||||||||||||||||||||
<us-gaap:ProceedsFromRepaymentsOfDebt contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> -37000 </us-gaap:ProceedsFromRepaymentsOfDebt> | |||||||||||||||||||||
<us-gaap:ProceedsFromRepaymentsOfDebt contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> -673000 </us-gaap:ProceedsFromRepaymentsOfDebt> | |||||||||||||||||||||
<us-gaap:ProceedsFromRoyaltiesReceived contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 110000 </us-gaap:ProceedsFromRoyaltiesReceived> | |||||||||||||||||||||
<us-gaap:ProceedsFromRoyaltiesReceived contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 54000 </us-gaap:ProceedsFromRoyaltiesReceived> | |||||||||||||||||||||
<us-gaap:ProceedsFromSaleOfIntangibleAssets contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 1685000 </us-gaap:ProceedsFromSaleOfIntangibleAssets> | |||||||||||||||||||||
<us-gaap:ProceedsFromSaleOfIntangibleAssets xsi:nil="true" contextRef="May-01-2012_Jul-31-2012" unitRef="USD"/> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 58749000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_30Apr2012_Computer_Equipment_Member" unitRef="USD" decimals="0"> 6131000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_30Apr2012_Furniture_And_Fixtures_Member" unitRef="USD" decimals="0"> 1237000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_30Apr2012_Land_Buildings_And_Improvements_Member" unitRef="USD" decimals="0"> 20392000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_30Apr2012_Machinery_And_Equipment_Member" unitRef="USD" decimals="0"> 30934000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_30Apr2012_Transportation_Equipment_Member" unitRef="USD" decimals="0"> 55000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 59955000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_31Jul2012_Computer_Equipment_Member" unitRef="USD" decimals="0"> 6189000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_31Jul2012_Furniture_And_Fixtures_Member" unitRef="USD" decimals="0"> 1257000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_31Jul2012_Land_Buildings_And_Improvements_Member" unitRef="USD" decimals="0"> 20972000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_31Jul2012_Machinery_And_Equipment_Member" unitRef="USD" decimals="0"> 31468000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentGross contextRef="BalanceAsOf_31Jul2012_Transportation_Equipment_Member" unitRef="USD" decimals="0"> 69000 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentNet contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 29980000 </us-gaap:PropertyPlantAndEquipmentNet> | |||||||||||||||||||||
<us-gaap:PropertyPlantAndEquipmentNet contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 30257000 </us-gaap:PropertyPlantAndEquipmentNet> | |||||||||||||||||||||
<us-gaap:PurchaseObligationDueInFifthYear contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 1000000 </us-gaap:PurchaseObligationDueInFifthYear> | |||||||||||||||||||||
<us-gaap:PurchaseObligationDueInFourthYear contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 1000000 </us-gaap:PurchaseObligationDueInFourthYear> | |||||||||||||||||||||
<us-gaap:PurchaseObligationDueInNextTwelveMonths contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 500000 </us-gaap:PurchaseObligationDueInNextTwelveMonths> | |||||||||||||||||||||
<us-gaap:PurchaseObligationDueInSecondYear contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 1000000 </us-gaap:PurchaseObligationDueInSecondYear> | |||||||||||||||||||||
<us-gaap:PurchaseObligationDueInThirdYear contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 1000000 </us-gaap:PurchaseObligationDueInThirdYear> | |||||||||||||||||||||
<us-gaap:RealEstateAndAccumulatedDepreciationCarryingAmountOfLand contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 1754000 </us-gaap:RealEstateAndAccumulatedDepreciationCarryingAmountOfLand> | |||||||||||||||||||||
<us-gaap:RealEstateAndAccumulatedDepreciationCarryingAmountOfLand contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 1860000 </us-gaap:RealEstateAndAccumulatedDepreciationCarryingAmountOfLand> | |||||||||||||||||||||
<us-gaap:ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 27000 </us-gaap:ResearchAndDevelopmentArrangementContractToPerformForOthersCompensationEarned> | |||||||||||||||||||||
<us-gaap:ResearchAndDevelopmentExpense contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 3399000 </us-gaap:ResearchAndDevelopmentExpense> | |||||||||||||||||||||
<us-gaap:ResearchAndDevelopmentExpense contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 4472000 </us-gaap:ResearchAndDevelopmentExpense> | |||||||||||||||||||||
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 172230000 </us-gaap:RetainedEarningsAccumulatedDeficit> | |||||||||||||||||||||
<us-gaap:RetainedEarningsAccumulatedDeficit contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 178234000 </us-gaap:RetainedEarningsAccumulatedDeficit> | |||||||||||||||||||||
<us-gaap:SalesRevenueGoodsNet contextRef="ThreeMonthsEnded_31Jul2011_Lodrane_Products_Member" unitRef="USD" decimals="0"> 2400000 </us-gaap:SalesRevenueGoodsNet> | |||||||||||||||||||||
<us-gaap:SalesRevenueGoodsNet contextRef="ThreeMonthsEnded_31Jul2012_Lodrane_Products_Member" unitRef="USD" decimals="0"> 0 </us-gaap:SalesRevenueGoodsNet> | |||||||||||||||||||||
<us-gaap:SalesRevenueNet contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 56211000 </us-gaap:SalesRevenueNet> | |||||||||||||||||||||
<us-gaap:SalesRevenueNet contextRef="ThreeMonthsEnded_31Jul2011_E_C_R_Member" unitRef="USD" decimals="0"> 3707000 </us-gaap:SalesRevenueNet> | |||||||||||||||||||||
<us-gaap:SalesRevenueNet contextRef="ThreeMonthsEnded_31Jul2011_H_C_P_Member" unitRef="USD" decimals="0"> 3535000 </us-gaap:SalesRevenueNet> | |||||||||||||||||||||
<us-gaap:SalesRevenueNet contextRef="ThreeMonthsEnded_31Jul2011_Hi_Tech_Member" unitRef="USD" decimals="0"> 48969000 </us-gaap:SalesRevenueNet> | |||||||||||||||||||||
<us-gaap:SalesRevenueNet contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 52043000 </us-gaap:SalesRevenueNet> | |||||||||||||||||||||
<us-gaap:SalesRevenueNet contextRef="ThreeMonthsEnded_31Jul2012_E_C_R_Member" unitRef="USD" decimals="0"> 3095000 </us-gaap:SalesRevenueNet> | |||||||||||||||||||||
<us-gaap:SalesRevenueNet contextRef="ThreeMonthsEnded_31Jul2012_H_C_P_Member" unitRef="USD" decimals="0"> 3026000 </us-gaap:SalesRevenueNet> | |||||||||||||||||||||
<us-gaap:SalesRevenueNet contextRef="ThreeMonthsEnded_31Jul2012_Hi_Tech_Member" unitRef="USD" decimals="0"> 45922000 </us-gaap:SalesRevenueNet> | |||||||||||||||||||||
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 8796000 </us-gaap:SellingGeneralAndAdministrativeExpense> | |||||||||||||||||||||
<us-gaap:SellingGeneralAndAdministrativeExpense contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 10631000 </us-gaap:SellingGeneralAndAdministrativeExpense> | |||||||||||||||||||||
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> 583000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue> | |||||||||||||||||||||
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> 1736000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue> | |||||||||||||||||||||
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="ThreeMonthsEnded_31Jul2011" unitRef="Shares" decimals="INF"> 0 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross> | |||||||||||||||||||||
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="May-01-2012_Jul-31-2012" unitRef="Shares" decimals="INF"> 442000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross> | |||||||||||||||||||||
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="BalanceAsOf_31Jul2011" unitRef="Shares" decimals="INF"> 0 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber> | |||||||||||||||||||||
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="BalanceAsOf_31Jul2012" unitRef="Shares" decimals="INF"> 0 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber> | |||||||||||||||||||||
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1 contextRef="May-01-2012_Jul-31-2012"> P4Y </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1> | |||||||||||||||||||||
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="May-01-2012_Jul-31-2012" unitRef="USDEPS" decimals="2"> 32.59 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
<us-gaap:StockholdersEquity contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 236381000 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
<us-gaap:StockholdersEquity contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 245463000 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
<us-gaap:TreasuryStockShares contextRef="BalanceAsOf_30Apr2012" unitRef="Shares" decimals="INF"> 2456000 </us-gaap:TreasuryStockShares> | |||||||||||||||||||||
<us-gaap:TreasuryStockShares contextRef="BalanceAsOf_31Jul2012" unitRef="Shares" decimals="INF"> 2456000 </us-gaap:TreasuryStockShares> | |||||||||||||||||||||
<us-gaap:TreasuryStockValue contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 23000000 </us-gaap:TreasuryStockValue> | |||||||||||||||||||||
<us-gaap:TreasuryStockValue contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 23000000 </us-gaap:TreasuryStockValue> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_30Apr2011" unitRef="USD" decimals="0"> 17100000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_30Apr2011_Accounts_Receivable_Chargeback_Member" unitRef="USD" decimals="0"> 8588000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_30Apr2011_Accounts_Receivable_Returns_Member" unitRef="USD" decimals="0"> 6159000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_30Apr2011_Accounts_Receivable_Sales_Discount_Member" unitRef="USD" decimals="0"> 2353000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_31Jul2011" unitRef="USD" decimals="0"> 21367000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_31Jul2011_Accounts_Receivable_Chargeback_Member" unitRef="USD" decimals="0"> 12074000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_31Jul2011_Accounts_Receivable_Returns_Member" unitRef="USD" decimals="0"> 7565000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_31Jul2011_Accounts_Receivable_Sales_Discount_Member" unitRef="USD" decimals="0"> 1728000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_30Apr2012" unitRef="USD" decimals="0"> 18035000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_30Apr2012_Accounts_Receivable_Chargeback_Member" unitRef="USD" decimals="0"> 10477000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_30Apr2012_Accounts_Receivable_Returns_Member" unitRef="USD" decimals="0"> 5745000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_30Apr2012_Accounts_Receivable_Sales_Discount_Member" unitRef="USD" decimals="0"> 1813000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_31Jul2012" unitRef="USD" decimals="0"> 24824000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_31Jul2012_Accounts_Receivable_Chargeback_Member" unitRef="USD" decimals="0"> 13716000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_31Jul2012_Accounts_Receivable_Returns_Member" unitRef="USD" decimals="0"> 9188000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesBalance contextRef="BalanceAsOf_31Jul2012_Accounts_Receivable_Sales_Discount_Member" unitRef="USD" decimals="0"> 1920000 </us-gaap:ValuationAllowancesAndReservesBalance> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease contextRef="ThreeMonthsEnded_31Jul2011" unitRef="USD" decimals="0"> -40109000 </us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease contextRef="ThreeMonthsEnded_31Jul2011_Accounts_Receivable_Chargeback_Member" unitRef="USD" decimals="0"> -31422000 </us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease contextRef="ThreeMonthsEnded_31Jul2011_Accounts_Receivable_Returns_Member" unitRef="USD" decimals="0"> -5787000 </us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease contextRef="ThreeMonthsEnded_31Jul2011_Accounts_Receivable_Sales_Discount_Member" unitRef="USD" decimals="0"> -2900000 </us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease contextRef="May-01-2012_Jul-31-2012" unitRef="USD" decimals="0"> -47795000 </us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease contextRef="ThreeMonthsEnded_31Jul2012_Accounts_Receivable_Chargeback_Member" unitRef="USD" decimals="0"> -35221000 </us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease contextRef="ThreeMonthsEnded_31Jul2012_Accounts_Receivable_Returns_Member" unitRef="USD" decimals="0"> -10344000 </us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease contextRef="ThreeMonthsEnded_31Jul2012_Accounts_Receivable_Sales_Discount_Member" unitRef="USD" decimals="0"> -2230000 </us-gaap:ValuationAllowancesAndReservesPeriodIncreaseDecrease> | |||||||||||||||||||||
<us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment contextRef="ThreeMonthsEnded_31Jul2011" unitRef="Shares" decimals="0"> 423000 </us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment> | |||||||||||||||||||||
<us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment contextRef="May-01-2012_Jul-31-2012" unitRef="Shares" decimals="0"> 481000 </us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment> | |||||||||||||||||||||
<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="ThreeMonthsEnded_31Jul2011" unitRef="Shares" decimals="0"> 13149000 </us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding> | |||||||||||||||||||||
<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="May-01-2012_Jul-31-2012" unitRef="Shares" decimals="0"> 13550000 </us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding> | |||||||||||||||||||||
<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="ThreeMonthsEnded_31Jul2011" unitRef="Shares" decimals="0"> 12726000 </us-gaap:WeightedAverageNumberOfSharesOutstandingBasic> | |||||||||||||||||||||
<us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="May-01-2012_Jul-31-2012" unitRef="Shares" decimals="0"> 13069000 </us-gaap:WeightedAverageNumberOfSharesOutstandingBasic> | |||||||||||||||||||||
</xbrl> |