Inventories

3 Months Ended

Oct. 31, 2025

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

The composition of inventories is as follows (in thousands):

	October 31, 2025		July 31, 2025
Finished goods	$	32,214	$	29,401
Packaging	8,376		8,114
Spare parts	6,832		6,822
Other	9,223		7,257
Total Inventories	$	56,645	$	51,594

Inventories are valued at the lower of cost (first-in, first-out) or net realizable value. Inventory costs include the cost of raw materials, packaging supplies, labor, and other overhead costs. The Company maintains reserves against inventory to reduce the carrying value to the expected net realizable value. These reserves are based upon a combination of factors including historical issues and market trends. Inventory reserves were $3.8 million as of October 31, 2025 and $3.7 million as of July 31, 2025.