DEBT (Tables)

12 Months Ended

Jul. 31, 2019

Debt Disclosure [Abstract]

Summary of Debt

	July 31, 2019			July 31, 2018
	(In thousands)
Principal amount outstanding on the Term Loan	$	375,125		$	390,000
Unamortized debt issuance costs	(888		)	(1,162		)
Net carrying value of the Term Loan	$	374,237		$	388,838

Our debt consists of the following:

	July 31, 2019		July 31, 2018
	(In thousands)
Short-term debt
Cerberus revolving credit facility	$	6,000	$	—
Current portion of long-term debt	5,732		5,727
5.25% Convertible Senior Notes Payable	—		50,274
	11,732		56,001
Long-term debt
5.25% Convertible Senior Notes Payable	—		14,256
7.50% Convertible Senior Note	7,432		—
Long-term debt, net of current portion	368,505		383,111
	375,937		397,367
Total debt	$	387,669	$	453,368

As of July 31, 2019, the net carrying value of the SPHG Note was $7.4 million.

	July 31, 2019
	(In thousands)
Carrying amount of equity component	$	8,200
Principal amount of Note	$	14,940
Unamortized debt discount	(7,508		)
Net carrying amount	$	7,432

Summary of Interest Expense Related to Convertible Notes

	Twelve Months Ended July 31,
	2019		2018
	(In thousands)
Interest expense related to contractual interest coupon	$	1,932	$	3,655
Interest expense related to accretion of the discount	2,741		4,384
Interest expense related to debt issuance costs	243		388
	$	4,916	$	8,427

	Twelve Months Ended
	July 31, 2019
	(In thousands)
Interest expense related to contractual interest coupon	$	473
Interest expense related to accretion of the discount	692
	$	1,165