XML 19 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
Cash flows from operating activities:        
Net loss $ (1,437,000) $ (11,096,000)    
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:        
Depreciation and amortization of property, plant and equipment 3,022,000 2,798,000    
Amortization of intangible assets with finite lives 5,289,000 5,349,000    
Amortization of stock-based compensation 2,645,000 904,000    
Amortization of cost to fulfill assets 240,000 240,000    
CEO transition costs related to equity-classified stock-based awards 0 3,764,000    
Amortization of deferred financing costs 594,000 203,000    
Changes in other liabilities (1,033,000) (1,033,000)    
Loss on disposal of property, plant and equipment 6,000 71,000    
Provision for allowance for doubtful accounts 143,000 242,000    
Provision for excess and obsolete inventory 78,000 847,000    
Deferred income tax expense (benefit) 1,114,000 (1,217,000)    
Changes in assets and liabilities, net of effects of acquisitions and divestitures:        
Accounts receivable (26,269,000) (5,318,000)    
Inventories 2,656,000 (4,278,000)    
Prepaid expenses and other current assets 997,000 1,581,000    
Other assets 2,802,000 (714,000)    
Accounts payable 5,100,000 (1,555,000)    
Accrued expenses and other current liabilities (6,538,000) 5,256,000    
Contract liabilities (685,000) (3,048,000)    
Other liabilities, non-current 145,000 (61,000)    
Interest payable 58,000 78,000    
Income taxes payable (3,472,000) 790,000    
Net cash used in operating activities (14,545,000) (6,197,000) $ (4,433,000) $ 1,997,000
Cash flows from investing activities:        
Purchases of property, plant and equipment (3,216,000) (7,221,000)    
Net cash used in investing activities (3,216,000) (7,221,000)    
Cash flows from financing activities:        
Net borrowings of long-term debt under Revolving Loan Facility 19,600,000 18,700,000    
Repayment of debt under Term Loan (625,000) 0    
Cash dividends paid on common stock (111,000) (3,092,000)    
Payment of deferred financing costs (308,000) 0    
Remittance of employees’ statutory tax withholding for stock awards (1,682,000) (2,332,000)    
Proceeds from issuance of employee stock purchase plan shares 94,000 119,000    
Repayment of principal amounts under finance lease liabilities 0 (2,000)    
Net cash provided by financing activities 16,968,000 13,292,000    
Net decrease in cash and cash equivalents, including cash classified within assets of disposal group held for sale (793,000) (126,000)    
Less: net increase in cash classified within assets of disposal group held for sale (52,000) 0    
Net decrease in cash and cash equivalents, including cash classified within assets of disposal group held for sale (845,000) (126,000)    
Cash and cash equivalents at beginning of period 18,961,000 21,654,000 21,654,000  
Cash and cash equivalents at end of period 18,116,000 21,528,000 $ 18,961,000 $ 21,654,000
Cash paid (received) during the period for:        
Interest 4,278,000 1,947,000    
Income taxes, net 1,019,000 (181,000)    
Non-cash investing and financing activities:        
Accrued additions to property, plant and equipment 1,154,000 1,818,000    
Adjustment to reflect redemption value of convertible preferred stock 1,823,000 1,710,000    
Accrued deferred financing costs 444,000 0    
Accrued remittance of employees' statutory tax withholdings 526,000 0    
Cash dividends declared on common stock but unpaid (including accrual of dividend equivalents) (23,000) 2,975,000    
Reclassification of finance lease right-of-use assets to property, plant and equipment 0 12,000    
Shelf Registration        
Cash flows from financing activities:        
Payment of issuance costs $ 0 $ (101,000)