INCOME TAXES (Tables)

12 Months Ended

Jul. 31, 2025

INCOME TAXES [Abstract]

Schedule of Components of Income Tax Expense

The provision for income tax expense by fiscal year consists of the following (in thousands):

	2025		2024		2023
Current
Federal	$	8,790	$	6,059	$	7,503
State	2,959		2,243		2,119
Foreign	226		226		4
Current Income Tax Total	11,975		8,528		9,626
Deferred
Federal	433		934		(3,864)
State	(233)		778		(567)
Foreign	40		(15)		—
Deferred Income Tax Total	240		1,697		(4,431)
Total Income Tax Expense	$	12,215	$	10,225	$	5,195

Schedule of Effective Income Tax Rate Reconciliation

Principal reasons for variations between the statutory federal rate and the effective rates by fiscal year were as follows:

	2025		2024		2023
U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
Depletion deductions allowed for mining	(4.5)		(5.3)		(7.7)
State income tax expense, net of federal tax expense	3.6		3.5		2.9
Nondeductible officer compensation	1.3		2.2		1.5
Stock Based Compensation	(1.0)		(2.1)		—
U.S. Tax Impacts of Foreign Branch	0.4		1.3		(0.2)
Tax credits	(0.4)		(0.2)		(0.3)
Valuation allowance - foreign	0.5		0.4		(0.2)
Statutory rate change of foreign subsidiaries	(0.1)		0.3		—
Prior year income taxes	(1.7)		(0.3)		(1.3)
Foreign tax differential	(0.1)		0.1		(0.6)
Other	(0.6)		(0.3)		(0.1)
Effective income tax rate	18.4	%	20.6	%	15.0	%

Schedule of Deferred Tax Assets and Liabilities

The Consolidated Balance Sheets included the following tax effects of cumulative temporary differences as of July 31 (in thousands):

`

	2025				2024
	Assets		Liabilities		Assets		Liabilities
Amortization	$	—	$	5,863	$	—	$	6,307
Depreciation	—		6,237		—		5,692
Lease liabilities	3,961		—		5,105		—
Lease right of use assets	—		3,670		—		4,778
Accrued expenses	4,494		—		4,347		—
Federal & State NOL carryforward	2,470		—		2,975		—
Stock-based compensation	2,214		—		1,894		—
Foreign NOL carryforward	2,197		—		1,889		—
Deferred compensation	1,931		—		1,603		—
Capitalized R&D	1,029		—		783		—
Reclamation	785		—		712		—
Other assets	555		—		693		—
Postretirement benefits	422		—		454		—
Inventories	185		—		435		—
Depletion	—		121		—		141
Allowance for credit losses	213		—		85		—
Other liabilities	—		428		—		33
Other liabilities - foreign	—		—		8		17
Valuation allowance	(2,846)		—		(2,470)		—
Total deferred taxes	$	17,610	$	16,319	$	18,513	$	16,968